ZIP 97062 Housing Market Report
Portland Metro
Report period: May 2026
97062 Monthly Market Update – May 2026
ZIP 97062 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$575,000
+0.8%
Median DOM (Sales)
32
+6.7%
New Listings (Sales)
8
−75.8%
Median Rent
$1,695
+2.7%
Median DOM (Rental)
20
+25.0%
Total Rental Listings
75
−6.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (17 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($799,500 median)
Sales Market Overview
Median Price
$575,000
+0.8%
Median DOM
32
+6.7%
New Listings
8
−75.8%
Inventory
139
−2.1%
- Average Price: $599,553
- Median Price: $575,000
- Price Range: $65,000 – $6,179,000
- Price per Sq Ft (Avg/Median): $286 / $279
- Square Footage (Avg/Median): 2,031 / 1,987
- Square Footage Range: 839 – 7,170
- Days on Market (Avg/Median): 54 / 32
- Days on Market Range: 2 – 361
- New Listings: 8
- Total Listings: 139
Sales by Property Type
Condo
Avg/Median Price$329,333 / $299,900Range$249,000 – $589,000Price per Sq Ft$265 / $254Sq Ft1,247 / 1,129DOM104 / 58New0Total18
Land
Avg/Median Price$150,000 / $150,000Range$150,000 – $150,000Price per Sq Ft—Sq Ft—DOM—New0Total1
Manufactured
Avg/Median Price$95,549 / $84,999Range$65,000 – $135,000Price per Sq Ft$90 / $66Sq Ft1,146 / 1,104DOM144 / 85New0Total8
Multi-Family
Avg/Median Price$639,500 / $639,500Range$639,500 – $639,500Price per Sq Ft$311 / $311Sq Ft2,058 / 2,058DOM258 / 258New0Total1
Single Family
Avg/Median Price$730,481 / $635,000Range$479,000 – $6,179,000Price per Sq Ft$311 / $295Sq Ft2,325 / 2,288DOM38 / 17New7Total92
Townhouse
Avg/Median Price$455,353 / $479,900Range$319,000 – $523,400Price per Sq Ft$265 / $259Sq Ft1,723 / 1,722DOM36 / 40New1Total19
Sales by Bedroom Count
2 Beds
Avg:$295,838Median:$293,800Range:$65,000 – $799,000PSF:$245 / $259Sq Ft:1,149 / 1,129DOM:108 / 76New:0Total:18
3 Beds
Avg:$482,280Median:$520,000Range:$69,500 – $895,000PSF:$293 / $298Sq Ft:1,651 / 1,676DOM:48 / 26New:2Total:51
4 Beds
Avg:$671,124Median:$638,400Range:$449,900 – $1,100,000PSF:$286 / $279Sq Ft:2,360 / 2,288DOM:38 / 26New:6Total:53
5 Beds
Avg:$765,600Median:$725,000Range:$599,900 – $1,175,000PSF:$274 / $257Sq Ft:2,809 / 2,872DOM:58 / 23New:0Total:14
6 Beds
Avg:$3,489,250Median:$799,500Range:$799,500 – $6,179,000PSF:$535 / $208Sq Ft:5,502 / 3,835DOM:151 / 103New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $295,838 | $293,800 | $65,000 – $799,000 | $245 / $259 | 1,149 / 1,129 | 108 / 76 | 0 | 18 |
| 3 Beds | $482,280 | $520,000 | $69,500 – $895,000 | $293 / $298 | 1,651 / 1,676 | 48 / 26 | 2 | 51 |
| 4 Beds | $671,124 | $638,400 | $449,900 – $1,100,000 | $286 / $279 | 2,360 / 2,288 | 38 / 26 | 6 | 53 |
| 5 Beds | $765,600 | $725,000 | $599,900 – $1,175,000 | $274 / $257 | 2,809 / 2,872 | 58 / 23 | 0 | 14 |
| 6 Beds | $3,489,250 | $799,500 | $799,500 – $6,179,000 | $535 / $208 | 5,502 / 3,835 | 151 / 103 | 0 | 2 |
Rental Market Overview
Median Rent
$1,695
+2.7%
Median DOM
20
+25.0%
New Listings
10
Inventory
75
−6.3%
- Average Rent: $1,918
- Median Rent: $1,695
- Rent Range: $1,122 – $3,725
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 996 / 900
- Square Footage Range: 375 – 3,259
- Days on Market (Avg/Median): 52 / 20
- Days on Market Range: 1 – 336
- New Listings: 10
- Total Listings: 75
Rentals by Property Type
Apartment
$1,630
Median DOM: 29
Inventory: 54
MoM: +2.7%
Condo
$2,100
Median DOM: 1
Inventory: 3
MoM: +2.7%
Single Family
$2,599
Median DOM: 1
Inventory: 16
MoM: +2.7%
Townhouse
$1,600
Median DOM: 91
Inventory: 2
MoM: +2.7%
Apartment
Avg/Median Rent$1,712 / $1,630Range$1,122 – $2,314Rent per Sq Ft$2 / $2Sq Ft824 / 766DOM58 / 29New5Total54
Condo
Avg/Median Rent$1,973 / $2,100Range$1,625 – $2,195Rent per Sq Ft$2 / $2Sq Ft1,107 / 1,129DOM1 / 1New1Total3
Single Family
Avg/Median Rent$2,554 / $2,599Range$1,495 – $3,725Rent per Sq Ft$2 / $2Sq Ft1,501 / 1,340DOM24 / 1New4Total16
Townhouse
Avg/Median Rent$2,300 / $1,600Range$1,600 – $3,000Rent per Sq Ft$2 / $2Sq Ft1,427 / 850DOM198 / 91New0Total2
Rentals by Bedroom Count
Studio
Avg:$1,380Median:$1,350Range:$1,270 – $1,575PSF:$3 / $3Sq Ft:456 / 452DOM:46 / 16New:1Total:8
1 Beds
Avg:$1,529Median:$1,541Range:$1,122 – $1,704PSF:$2 / $2Sq Ft:673 / 693DOM:84 / 44New:1Total:19
2 Beds
Avg:$1,811Median:$1,775Range:$1,349 – $2,211PSF:$2 / $2Sq Ft:987 / 1,036DOM:41 / 1New:4Total:29
3 Beds
Avg:$2,563Median:$2,314Range:$1,897 – $3,575PSF:$2 / $2Sq Ft:1,392 / 1,190DOM:48 / 19New:2Total:16
4 Beds
Avg:$3,407Median:$3,395Range:$3,100 – $3,725PSF:$1 / $1Sq Ft:2,445 / 2,326DOM:1 / 1New:2Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,380 | $1,350 | $1,270 – $1,575 | $3 / $3 | 456 / 452 | 46 / 16 | 1 | 8 |
| 1 Beds | $1,529 | $1,541 | $1,122 – $1,704 | $2 / $2 | 673 / 693 | 84 / 44 | 1 | 19 |
| 2 Beds | $1,811 | $1,775 | $1,349 – $2,211 | $2 / $2 | 987 / 1,036 | 41 / 1 | 4 | 29 |
| 3 Beds | $2,563 | $2,314 | $1,897 – $3,575 | $2 / $2 | 1,392 / 1,190 | 48 / 19 | 2 | 16 |
| 4 Beds | $3,407 | $3,395 | $3,100 – $3,725 | $1 / $1 | 2,445 / 2,326 | 1 / 1 | 2 | 3 |
6-Month Sales Trend
Dec 2025
Median Price:$599,000Median DOM:54New:27Total:126
Jan 2026
Median Price:$591,900Median DOM:40New:41Total:118
Feb 2026
Median Price:$589,900Median DOM:31New:45Total:141
Mar 2026
Median Price:$595,000Median DOM:26New:44Total:145
Apr 2026
Median Price:$570,400Median DOM:30New:33Total:142
May 2026
Median Price:$575,000Median DOM:32New:8Total:139
6-Month Rental Trend
Dec 2025
Median Rent:$1,625Median DOM:47New:24Total:89
Jan 2026
Median Rent:$1,625Median DOM:53New:27Total:94
Feb 2026
Median Rent:$1,597Median DOM:35New:22Total:98
Mar 2026
Median Rent:$1,625Median DOM:24New:29Total:93
Apr 2026
Median Rent:$1,650Median DOM:16New:21Total:80
May 2026
Median Rent:$1,695Median DOM:20New:10Total:75
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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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