ZIP 97062 Housing Market Report
Portland Metro
Report period: August 2026
97062 Monthly Market Update – August 2026
ZIP 97062 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$615,000
0.0%
Median DOM (Sales)
30
+11.1%
New Listings (Sales)
5
−89.4%
Median Rent
$1,783
+1.5%
Median DOM (Rental)
20
0.0%
Total Rental Listings
64
−4.5%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (14 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 8 Beds ($1,299,000 median)
Sales Market Overview
Median Price
$615,000
0.0%
Median DOM
30
+11.1%
New Listings
5
−89.4%
Inventory
141
−0.7%
- Average Price: $679,399
- Median Price: $615,000
- Price Range: $65,000 – $5,900,000
- Price per Sq Ft (Avg/Median): $299 / $294
- Square Footage (Avg/Median): 2,233 / 2,056
- Square Footage Range: 768 – 7,170
- Days on Market (Avg/Median): 56 / 30
- Days on Market Range: 1 – 357
- New Listings: 5
- Total Listings: 141
Sales by Property Type
Condo
Avg/Median Price$297,486 / $310,000Range$217,500 – $399,900Price per Sq Ft$267 / $270Sq Ft1,119 / 1,129DOM93 / 75New0Total18
Land
Avg/Median Price$406,950 / $150,000Range$150,000 – $663,900Price per Sq Ft—Sq Ft—DOM14 / 14New0Total2
Manufactured
Avg/Median Price$94,899 / $100,000Range$65,000 – $129,995Price per Sq Ft$89 / $77Sq Ft1,146 / 1,188DOM137 / 79New0Total5
Multi-Family
Avg/Median Price$674,633 / $599,900Range$549,000 – $875,000Price per Sq Ft$321 / $333Sq Ft2,095 / 2,058DOM143 / 47New0Total3
Single Family
Avg/Median Price$786,437 / $654,900Range$449,900 – $5,900,000Price per Sq Ft$314 / $305Sq Ft2,504 / 2,331DOM46 / 25New5Total108
Townhouse
Avg/Median Price$438,600 / $449,000Range$390,000 – $499,000Price per Sq Ft$280 / $274Sq Ft1,574 / 1,483DOM35 / 42New0Total5
Sales by Bedroom Count
1 Beds
Avg:$217,500Median:$217,500Range:$217,500 – $217,500PSF:$283 / $283Sq Ft:768 / 768DOM:75 / 75New:0Total:1
2 Beds
Avg:$378,575Median:$310,000Range:$129,995 – $1,425,000PSF:$279 / $275Sq Ft:1,262 / 1,129DOM:100 / 71New:0Total:18
3 Beds
Avg:$572,759Median:$570,400Range:$65,000 – $1,495,000PSF:$314 / $319Sq Ft:1,845 / 1,653DOM:41 / 22New:1Total:48
4 Beds
Avg:$746,226Median:$654,900Range:$449,900 – $2,299,000PSF:$288 / $292Sq Ft:2,598 / 2,411DOM:46 / 27New:4Total:54
5 Beds
Avg:$805,790Median:$749,000Range:$599,900 – $1,175,000PSF:$277 / $276Sq Ft:2,929 / 2,937DOM:91 / 46New:0Total:15
6 Beds
Avg:$3,387,500Median:$875,000Range:$875,000 – $5,900,000PSF:$581 / $339Sq Ft:4,875 / 2,580DOM:121 / 47New:0Total:2
8 Beds
Avg:$1,299,000Median:$1,299,000Range:$1,299,000 – $1,299,000PSF:$296 / $296Sq Ft:4,387 / 4,387DOM:12 / 12New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $217,500 | $217,500 | $217,500 – $217,500 | $283 / $283 | 768 / 768 | 75 / 75 | 0 | 1 |
| 2 Beds | $378,575 | $310,000 | $129,995 – $1,425,000 | $279 / $275 | 1,262 / 1,129 | 100 / 71 | 0 | 18 |
| 3 Beds | $572,759 | $570,400 | $65,000 – $1,495,000 | $314 / $319 | 1,845 / 1,653 | 41 / 22 | 1 | 48 |
| 4 Beds | $746,226 | $654,900 | $449,900 – $2,299,000 | $288 / $292 | 2,598 / 2,411 | 46 / 27 | 4 | 54 |
| 5 Beds | $805,790 | $749,000 | $599,900 – $1,175,000 | $277 / $276 | 2,929 / 2,937 | 91 / 46 | 0 | 15 |
| 6 Beds | $3,387,500 | $875,000 | $875,000 – $5,900,000 | $581 / $339 | 4,875 / 2,580 | 121 / 47 | 0 | 2 |
| 8 Beds | $1,299,000 | $1,299,000 | $1,299,000 – $1,299,000 | $296 / $296 | 4,387 / 4,387 | 12 / 12 | 0 | 1 |
Rental Market Overview
Median Rent
$1,783
+1.5%
Median DOM
20
0.0%
New Listings
16
Inventory
64
−4.5%
- Average Rent: $1,990
- Median Rent: $1,783
- Rent Range: $1,122 – $4,095
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,001 / 900
- Square Footage Range: 375 – 3,259
- Days on Market (Avg/Median): 38 / 20
- Days on Market Range: 1 – 293
- New Listings: 16
- Total Listings: 64
Rentals by Property Type
Apartment
$1,655
Median DOM: 31
Inventory: 48
MoM: +1.5%
Condo
$1,895
Median DOM: 11
Inventory: 3
MoM: +1.5%
Single Family
$2,995
Median DOM: 1
Inventory: 9
MoM: +1.5%
Townhouse
$2,595
Median DOM: 1
Inventory: 3
MoM: +1.5%
Apartment
Avg/Median Rent$1,767 / $1,655Range$1,122 – $2,387Rent per Sq Ft$2 / $2Sq Ft835 / 795DOM48 / 31New9Total48
Condo
Avg/Median Rent$1,958 / $1,895Range$1,880 – $2,100Rent per Sq Ft$2 / $2Sq Ft1,002 / 1,022DOM12 / 11New0Total3
Multi-Family
Avg/Median Rent$1,995 / $1,995Range$1,995 – $1,995Rent per Sq Ft$2 / $2Sq Ft846 / 846DOM20 / 20New0Total1
Single Family
Avg/Median Rent$3,039 / $2,995Range$1,895 – $4,095Rent per Sq Ft$2 / $2Sq Ft1,804 / 1,550DOM13 / 1New4Total9
Townhouse
Avg/Median Rent$2,432 / $2,595Range$2,100 – $2,600Rent per Sq Ft$2 / $2Sq Ft1,292 / 1,146DOM1 / 1New3Total3
Rentals by Bedroom Count
Studio
Avg:$1,380Median:$1,358Range:$1,350 – $1,450PSF:$3 / $3Sq Ft:462 / 452DOM:71 / 31New:2Total:5
1 Beds
Avg:$1,557Median:$1,584Range:$1,122 – $1,783PSF:$2 / $2Sq Ft:671 / 667DOM:52 / 32New:2Total:18
2 Beds
Avg:$1,911Median:$1,895Range:$1,399 – $2,259PSF:$2 / $2Sq Ft:965 / 1,022DOM:35 / 13New:6Total:23
3 Beds
Avg:$2,541Median:$2,387Range:$1,723 – $3,400PSF:$2 / $2Sq Ft:1,350 / 1,190DOM:21 / 15New:5Total:16
4 Beds
Avg:$3,725Median:$3,725Range:$3,725 – $3,725PSF:$1 / $1Sq Ft:3,259 / 3,259DOM:—New:0Total:1
5 Beds
Avg:$4,095Median:$4,095Range:$4,095 – $4,095PSF:$2 / $2Sq Ft:2,610 / 2,610DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,380 | $1,358 | $1,350 – $1,450 | $3 / $3 | 462 / 452 | 71 / 31 | 2 | 5 |
| 1 Beds | $1,557 | $1,584 | $1,122 – $1,783 | $2 / $2 | 671 / 667 | 52 / 32 | 2 | 18 |
| 2 Beds | $1,911 | $1,895 | $1,399 – $2,259 | $2 / $2 | 965 / 1,022 | 35 / 13 | 6 | 23 |
| 3 Beds | $2,541 | $2,387 | $1,723 – $3,400 | $2 / $2 | 1,350 / 1,190 | 21 / 15 | 5 | 16 |
| 4 Beds | $3,725 | $3,725 | $3,725 – $3,725 | $1 / $1 | 3,259 / 3,259 | — | 0 | 1 |
| 5 Beds | $4,095 | $4,095 | $4,095 – $4,095 | $2 / $2 | 2,610 / 2,610 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$595,000Median DOM:26New:44Total:145
Apr 2026
Median Price:$570,400Median DOM:30New:33Total:142
May 2026
Median Price:$592,900Median DOM:24New:44Total:135
Jun 2026
Median Price:$599,900Median DOM:31New:35Total:129
Jul 2026
Median Price:$615,000Median DOM:27New:47Total:142
Aug 2026
Median Price:$615,000Median DOM:30New:5Total:141
6-Month Rental Trend
Mar 2026
Median Rent:$1,625Median DOM:24New:29Total:93
Apr 2026
Median Rent:$1,650Median DOM:16New:21Total:80
May 2026
Median Rent:$1,645Median DOM:26New:21Total:69
Jun 2026
Median Rent:$1,679Median DOM:23New:21Total:65
Jul 2026
Median Rent:$1,756Median DOM:20New:19Total:67
Aug 2026
Median Rent:$1,783Median DOM:20New:16Total:64
Key Market Takeaways
Median sale prices held steady 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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