ZIP 97034 Housing Market Report
Portland Metro
Report period: May 2026
97034 Monthly Market Update – May 2026
ZIP 97034 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$1,475,000
+5.7%
Median DOM (Sales)
39
−7.1%
New Listings (Sales)
27
−60.9%
Median Rent
$2,631
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
70
−5.4%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (8 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($3,750,000 median)
Sales Market Overview
Median Price
$1,475,000
+5.7%
Median DOM
39
−7.1%
New Listings
27
−60.9%
Inventory
250
+4.6%
- Average Price: $1,847,252
- Median Price: $1,475,000
- Price Range: $249,000 – $6,900,000
- Price per Sq Ft (Avg/Median): $557 / $511
- Square Footage (Avg/Median): 3,321 / 3,314
- Square Footage Range: 636 – 9,124
- Days on Market (Avg/Median): 61 / 39
- Days on Market Range: 2 – 353
- New Listings: 27
- Total Listings: 250
Sales by Property Type
Condo
Avg/Median Price$893,711 / $629,000Range$309,900 – $2,299,999Price per Sq Ft$581 / $473Sq Ft1,491 / 1,252DOM57 / 32New2Total38
Land
Avg/Median Price$1,326,818 / $1,295,000Range$249,000 – $5,500,000Price per Sq Ft—Sq Ft—DOM118 / 84New0Total22
Multi-Family
Avg/Median Price$550,000 / $550,000Range$550,000 – $550,000Price per Sq Ft$191 / $191Sq Ft2,880 / 2,880DOM8 / 8New0Total1
Single Family
Avg/Median Price$2,166,237 / $1,759,900Range$529,900 – $6,900,000Price per Sq Ft$558 / $518Sq Ft3,780 / 3,756DOM57 / 34New25Total181
Townhouse
Avg/Median Price$752,874 / $650,000Range$495,000 – $1,148,000Price per Sq Ft$446 / $378Sq Ft1,688 / 1,731DOM56 / 45New0Total8
Sales by Bedroom Count
1 Beds
Avg:$436,475Median:$342,000Range:$309,900 – $695,000PSF:$603 / $447Sq Ft:750 / 700DOM:70 / 30New:0Total:4
2 Beds
Avg:$860,942Median:$725,000Range:$360,000 – $2,299,999PSF:$593 / $521Sq Ft:1,393 / 1,252DOM:57 / 38New:0Total:36
3 Beds
Avg:$1,509,369Median:$1,148,000Range:$495,000 – $5,998,000PSF:$569 / $519Sq Ft:2,608 / 2,331DOM:57 / 53New:5Total:49
4 Beds
Avg:$2,117,300Median:$1,824,900Range:$650,000 – $6,900,000PSF:$536 / $494Sq Ft:3,793 / 3,803DOM:51 / 26New:18Total:89
5 Beds
Avg:$2,546,560Median:$1,950,000Range:$1,000,000 – $5,995,000PSF:$553 / $527Sq Ft:4,483 / 4,209DOM:58 / 31New:3Total:40
6 Beds
Avg:$3,562,190Median:$3,750,000Range:$550,000 – $6,695,000PSF:$555 / $570Sq Ft:5,931 / 5,505DOM:105 / 39New:1Total:10
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $436,475 | $342,000 | $309,900 – $695,000 | $603 / $447 | 750 / 700 | 70 / 30 | 0 | 4 |
| 2 Beds | $860,942 | $725,000 | $360,000 – $2,299,999 | $593 / $521 | 1,393 / 1,252 | 57 / 38 | 0 | 36 |
| 3 Beds | $1,509,369 | $1,148,000 | $495,000 – $5,998,000 | $569 / $519 | 2,608 / 2,331 | 57 / 53 | 5 | 49 |
| 4 Beds | $2,117,300 | $1,824,900 | $650,000 – $6,900,000 | $536 / $494 | 3,793 / 3,803 | 51 / 26 | 18 | 89 |
| 5 Beds | $2,546,560 | $1,950,000 | $1,000,000 – $5,995,000 | $553 / $527 | 4,483 / 4,209 | 58 / 31 | 3 | 40 |
| 6 Beds | $3,562,190 | $3,750,000 | $550,000 – $6,695,000 | $555 / $570 | 5,931 / 5,505 | 105 / 39 | 1 | 10 |
Rental Market Overview
Median Rent
$2,631
0.0%
Median DOM
1
0.0%
New Listings
30
Inventory
70
−5.4%
- Average Rent: $3,042
- Median Rent: $2,631
- Rent Range: $1,095 – $8,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,352 / 1,235
- Square Footage Range: 400 – 4,828
- Days on Market (Avg/Median): 10 / 1
- Days on Market Range: 1 – 175
- New Listings: 30
- Total Listings: 70
Rentals by Property Type
Apartment
$2,485
Median DOM: 1
Inventory: 45
MoM: 0.0%
Condo
$2,499
Median DOM: 1
Inventory: 3
MoM: 0.0%
Single Family
$3,200
Median DOM: 1
Inventory: 22
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$2,719 / $2,485Range$1,250 – $5,955Rent per Sq Ft$3 / $2Sq Ft1,062 / 994DOM12 / 1New24Total45
Condo
Avg/Median Rent$2,500 / $2,499Range$2,300 – $2,700Rent per Sq Ft$2 / $2Sq Ft1,119 / 1,040DOM1 / 1New0Total3
Single Family
Avg/Median Rent$3,777 / $3,200Range$1,095 – $8,500Rent per Sq Ft$2 / $2Sq Ft1,976 / 1,864DOM9 / 1New6Total22
Rentals by Bedroom Count
Studio
Avg:$1,222Median:$1,095Range:$1,095 – $1,349PSF:$3 / $3Sq Ft:438 / 400DOM:1 / 1New:0Total:2
1 Beds
Avg:$2,188Median:$1,895Range:$1,250 – $3,460PSF:$3 / $3Sq Ft:818 / 853DOM:8 / 1New:9Total:24
2 Beds
Avg:$3,192Median:$2,591Range:$1,545 – $5,630PSF:$2 / $2Sq Ft:1,315 / 1,289DOM:13 / 1New:16Total:25
3 Beds
Avg:$3,761Median:$3,145Range:$2,350 – $8,500PSF:$2 / $2Sq Ft:1,726 / 1,850DOM:13 / 1New:4Total:13
4 Beds
Avg:$4,311Median:$3,899Range:$2,850 – $5,495PSF:$2 / $1Sq Ft:2,631 / 2,649DOM:1 / 1New:1Total:4
5 Beds
Avg:$6,040Median:$4,580Range:$4,580 – $7,500PSF:$1 / $1Sq Ft:4,134 / 3,440DOM:—New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,222 | $1,095 | $1,095 – $1,349 | $3 / $3 | 438 / 400 | 1 / 1 | 0 | 2 |
| 1 Beds | $2,188 | $1,895 | $1,250 – $3,460 | $3 / $3 | 818 / 853 | 8 / 1 | 9 | 24 |
| 2 Beds | $3,192 | $2,591 | $1,545 – $5,630 | $2 / $2 | 1,315 / 1,289 | 13 / 1 | 16 | 25 |
| 3 Beds | $3,761 | $3,145 | $2,350 – $8,500 | $2 / $2 | 1,726 / 1,850 | 13 / 1 | 4 | 13 |
| 4 Beds | $4,311 | $3,899 | $2,850 – $5,495 | $2 / $1 | 2,631 / 2,649 | 1 / 1 | 1 | 4 |
| 5 Beds | $6,040 | $4,580 | $4,580 – $7,500 | $1 / $1 | 4,134 / 3,440 | — | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$1,490,000Median DOM:106New:9Total:176
Jan 2026
Median Price:$1,495,000Median DOM:98New:38Total:155
Feb 2026
Median Price:$1,450,000Median DOM:49New:51Total:185
Mar 2026
Median Price:$1,475,000Median DOM:46New:50Total:201
Apr 2026
Median Price:$1,395,000Median DOM:42New:69Total:239
May 2026
Median Price:$1,475,000Median DOM:39New:27Total:250
6-Month Rental Trend
Dec 2025
Median Rent:$2,995Median DOM:1New:23Total:46
Jan 2026
Median Rent:$2,850Median DOM:1New:29Total:47
Feb 2026
Median Rent:$2,895Median DOM:1New:21Total:51
Mar 2026
Median Rent:$2,850Median DOM:1New:17Total:39
Apr 2026
Median Rent:$2,631Median DOM:1New:52Total:74
May 2026
Median Rent:$2,631Median DOM:1New:30Total:70
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, while total rental inventory tightened.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
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