ZIP 97035 Housing Market Report
Portland Metro
Report period: May 2026
97035 Monthly Market Update – May 2026
ZIP 97035 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$799,900
+5.3%
Median DOM (Sales)
39
0.0%
New Listings (Sales)
15
−76.6%
Median Rent
$2,111
+3.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
187
+3.3%
Month-over-Month Movement
Median sale prices moved higher. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (25 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($1,675,000 median)
Sales Market Overview
Median Price
$799,900
+5.3%
Median DOM
39
0.0%
New Listings
15
−76.6%
Inventory
233
+4.0%
- Average Price: $1,018,959
- Median Price: $799,900
- Price Range: $179,500 – $6,800,000
- Price per Sq Ft (Avg/Median): $394 / $358
- Square Footage (Avg/Median): 2,364 / 2,038
- Square Footage Range: 617 – 6,442
- Days on Market (Avg/Median): 67 / 39
- Days on Market Range: 2 – 355
- New Listings: 15
- Total Listings: 233
Sales by Property Type
Condo
Avg/Median Price$328,785 / $295,000Range$179,500 – $1,100,000Price per Sq Ft$263 / $263Sq Ft1,297 / 1,100DOM85 / 67New3Total75
Land
Avg/Median Price$815,975 / $749,900Range$495,000 – $1,174,950Price per Sq Ft—Sq Ft—DOM75 / 39New0Total8
Single Family
Avg/Median Price$1,458,597 / $1,134,900Range$495,900 – $6,800,000Price per Sq Ft$472 / $438Sq Ft3,005 / 3,010DOM57 / 25New10Total133
Townhouse
Avg/Median Price$719,844 / $749,500Range$359,000 – $999,950Price per Sq Ft$359 / $351Sq Ft2,057 / 1,972DOM62 / 39New2Total17
Sales by Bedroom Count
1 Beds
Avg:$324,200Median:$220,000Range:$179,500 – $899,000PSF:$408 / $306Sq Ft:763 / 688DOM:85 / 71New:0Total:11
2 Beds
Avg:$344,139Median:$307,000Range:$199,900 – $840,000PSF:$269 / $253Sq Ft:1,305 / 1,140DOM:88 / 69New:3Total:58
3 Beds
Avg:$849,726Median:$725,000Range:$265,000 – $3,399,000PSF:$392 / $379Sq Ft:2,097 / 1,931DOM:60 / 23New:6Total:55
4 Beds
Avg:$1,391,569Median:$1,245,000Range:$649,900 – $5,495,000PSF:$440 / $414Sq Ft:3,120 / 3,100DOM:46 / 27New:5Total:77
5 Beds
Avg:$2,228,229Median:$1,675,000Range:$845,000 – $6,800,000PSF:$545 / $476Sq Ft:3,846 / 3,752DOM:89 / 46New:1Total:24
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $324,200 | $220,000 | $179,500 – $899,000 | $408 / $306 | 763 / 688 | 85 / 71 | 0 | 11 |
| 2 Beds | $344,139 | $307,000 | $199,900 – $840,000 | $269 / $253 | 1,305 / 1,140 | 88 / 69 | 3 | 58 |
| 3 Beds | $849,726 | $725,000 | $265,000 – $3,399,000 | $392 / $379 | 2,097 / 1,931 | 60 / 23 | 6 | 55 |
| 4 Beds | $1,391,569 | $1,245,000 | $649,900 – $5,495,000 | $440 / $414 | 3,120 / 3,100 | 46 / 27 | 5 | 77 |
| 5 Beds | $2,228,229 | $1,675,000 | $845,000 – $6,800,000 | $545 / $476 | 3,846 / 3,752 | 89 / 46 | 1 | 24 |
Rental Market Overview
Median Rent
$2,111
+3.2%
Median DOM
1
0.0%
New Listings
118
Inventory
187
+3.3%
- Average Rent: $2,343
- Median Rent: $2,111
- Rent Range: $1,165 – $6,245
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,083 / 980
- Square Footage Range: 550 – 5,000
- Days on Market (Avg/Median): 9 / 1
- Days on Market Range: 1 – 351
- New Listings: 118
- Total Listings: 187
Rentals by Property Type
Apartment
$2,011
Median DOM: 1
Inventory: 147
MoM: +3.2%
Condo
$1,795
Median DOM: 1
Inventory: 10
MoM: +3.2%
Single Family
$2,890
Median DOM: 1
Inventory: 27
MoM: +3.2%
Townhouse
$2,778
Median DOM: 1
Inventory: 3
MoM: +3.2%
Apartment
Avg/Median Rent$2,244 / $2,011Range$1,165 – $5,086Rent per Sq Ft$2 / $2Sq Ft985 / 935DOM6 / 1New103Total147
Condo
Avg/Median Rent$1,849 / $1,795Range$1,350 – $2,545Rent per Sq Ft$2 / $2Sq Ft1,001 / 960DOM25 / 1New2Total10
Single Family
Avg/Median Rent$3,010 / $2,890Range$1,495 – $6,245Rent per Sq Ft$2 / $2Sq Ft1,569 / 1,332DOM9 / 1New12Total27
Townhouse
Avg/Median Rent$2,876 / $2,778Range$2,750 – $3,100Rent per Sq Ft$2 / $2Sq Ft1,697 / 1,700DOM118 / 1New1Total3
Rentals by Bedroom Count
Studio
Avg:$1,328Median:$1,425Range:$1,165 – $1,455PSF:$3 / $3Sq Ft:550 / 550DOM:1 / 1New:4Total:5
1 Beds
Avg:$1,881Median:$1,675Range:$1,305 – $3,637PSF:$3 / $2Sq Ft:721 / 719DOM:12 / 1New:36Total:56
2 Beds
Avg:$2,333Median:$2,192Range:$1,495 – $3,981PSF:$2 / $2Sq Ft:1,077 / 1,075DOM:4 / 1New:63Total:91
3 Beds
Avg:$3,037Median:$2,950Range:$1,900 – $5,086PSF:$2 / $2Sq Ft:1,464 / 1,350DOM:21 / 1New:13Total:31
4 Beds
Avg:$4,645Median:$4,645Range:$4,645 – $4,645PSF:$2 / $2Sq Ft:2,885 / 2,885DOM:1 / 1New:0Total:1
5 Beds
Avg:$5,065Median:$4,999Range:$3,950 – $6,245PSF:$1 / $1Sq Ft:4,014 / 4,216DOM:1 / 1New:2Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,328 | $1,425 | $1,165 – $1,455 | $3 / $3 | 550 / 550 | 1 / 1 | 4 | 5 |
| 1 Beds | $1,881 | $1,675 | $1,305 – $3,637 | $3 / $2 | 721 / 719 | 12 / 1 | 36 | 56 |
| 2 Beds | $2,333 | $2,192 | $1,495 – $3,981 | $2 / $2 | 1,077 / 1,075 | 4 / 1 | 63 | 91 |
| 3 Beds | $3,037 | $2,950 | $1,900 – $5,086 | $2 / $2 | 1,464 / 1,350 | 21 / 1 | 13 | 31 |
| 4 Beds | $4,645 | $4,645 | $4,645 – $4,645 | $2 / $2 | 2,885 / 2,885 | 1 / 1 | 0 | 1 |
| 5 Beds | $5,065 | $4,999 | $3,950 – $6,245 | $1 / $1 | 4,014 / 4,216 | 1 / 1 | 2 | 3 |
6-Month Sales Trend
Dec 2025
Median Price:$735,000Median DOM:91New:17Total:165
Jan 2026
Median Price:$695,000Median DOM:74New:47Total:170
Feb 2026
Median Price:$685,000Median DOM:51New:40Total:183
Mar 2026
Median Price:$685,000Median DOM:46New:50Total:193
Apr 2026
Median Price:$759,900Median DOM:39New:64Total:224
May 2026
Median Price:$799,900Median DOM:39New:15Total:233
6-Month Rental Trend
Dec 2025
Median Rent:$2,195Median DOM:1New:41Total:74
Jan 2026
Median Rent:$2,125Median DOM:1New:46Total:81
Feb 2026
Median Rent:$2,258Median DOM:1New:46Total:87
Mar 2026
Median Rent:$2,125Median DOM:1New:39Total:82
Apr 2026
Median Rent:$2,045Median DOM:1New:147Total:181
May 2026
Median Rent:$2,111Median DOM:1New:118Total:187
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market were unchanged, signaling steady buyer activity. Rental pricing increased, while total rental inventory increased.
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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