ZIP 97070 Housing Market Report
Portland Metro
Report period: May 2026
97070 Monthly Market Update – May 2026
ZIP 97070 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$679,000
−1.6%
Median DOM (Sales)
49
0.0%
New Listings (Sales)
15
−65.1%
Median Rent
$2,050
−6.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
43
−10.4%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (46 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($4,495,000 median)
Sales Market Overview
Median Price
$679,000
−1.6%
Median DOM
49
0.0%
New Listings
15
−65.1%
Inventory
207
+4.0%
- Average Price: $807,258
- Median Price: $679,000
- Price Range: $99,000 – $6,600,000
- Price per Sq Ft (Avg/Median): $314 / $292
- Square Footage (Avg/Median): 2,330 / 2,184
- Square Footage Range: 748 – 12,254
- Days on Market (Avg/Median): 71 / 49
- Days on Market Range: 2 – 320
- New Listings: 15
- Total Listings: 207
Sales by Property Type
Condo
Avg/Median Price$350,239 / $325,000Range$215,000 – $599,500Price per Sq Ft$278 / $275Sq Ft1,264 / 1,140DOM79 / 53New2Total32
Land
Avg/Median Price$2,322,000 / $1,600,000Range$245,000 – $6,600,000Price per Sq Ft—Sq Ft—DOM171 / 247New0Total5
Manufactured
Avg/Median Price$99,000 / $99,000Range$99,000 – $99,000Price per Sq Ft$97 / $97Sq Ft1,022 / 1,022DOM70 / 70New0Total1
Single Family
Avg/Median Price$935,690 / $760,000Range$450,000 – $6,495,500Price per Sq Ft$328 / $295Sq Ft2,742 / 2,631DOM64 / 46New7Total134
Townhouse
Avg/Median Price$537,234 / $465,000Range$349,000 – $1,299,999Price per Sq Ft$301 / $287Sq Ft1,760 / 1,654DOM76 / 53New6Total35
Sales by Bedroom Count
2 Beds
Avg:$417,338Median:$374,999Range:$215,000 – $985,000PSF:$299 / $286Sq Ft:1,371 / 1,315DOM:71 / 46New:5Total:46
3 Beds
Avg:$635,886Median:$599,900Range:$99,000 – $1,395,000PSF:$317 / $300Sq Ft:2,004 / 1,936DOM:73 / 59New:6Total:65
4 Beds
Avg:$854,944Median:$755,000Range:$400,000 – $2,895,000PSF:$312 / $285Sq Ft:2,690 / 2,678DOM:70 / 49New:3Total:59
5 Beds
Avg:$1,159,121Median:$839,990Range:$590,000 – $6,495,500PSF:$306 / $283Sq Ft:3,509 / 3,139DOM:47 / 32New:1Total:29
6 Beds
Avg:$3,635,330Median:$4,495,000Range:$1,411,990 – $4,999,000PSF:$621 / $709Sq Ft:5,598 / 5,436DOM:87 / 73New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $417,338 | $374,999 | $215,000 – $985,000 | $299 / $286 | 1,371 / 1,315 | 71 / 46 | 5 | 46 |
| 3 Beds | $635,886 | $599,900 | $99,000 – $1,395,000 | $317 / $300 | 2,004 / 1,936 | 73 / 59 | 6 | 65 |
| 4 Beds | $854,944 | $755,000 | $400,000 – $2,895,000 | $312 / $285 | 2,690 / 2,678 | 70 / 49 | 3 | 59 |
| 5 Beds | $1,159,121 | $839,990 | $590,000 – $6,495,500 | $306 / $283 | 3,509 / 3,139 | 47 / 32 | 1 | 29 |
| 6 Beds | $3,635,330 | $4,495,000 | $1,411,990 – $4,999,000 | $621 / $709 | 5,598 / 5,436 | 87 / 73 | 0 | 3 |
Rental Market Overview
Median Rent
$2,050
−6.6%
Median DOM
1
0.0%
New Listings
3
Inventory
43
−10.4%
- Average Rent: $2,263
- Median Rent: $2,050
- Rent Range: $1,079 – $4,895
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,419 / 1,153
- Square Footage Range: 478 – 3,575
- Days on Market (Avg/Median): 42 / 1
- Days on Market Range: 1 – 254
- New Listings: 3
- Total Listings: 43
Rentals by Property Type
Apartment
$1,500
Median DOM: 84
Inventory: 21
MoM: −6.6%
Condo
$2,195
Median DOM: 1
Inventory: 3
MoM: −6.6%
Single Family
$2,950
Median DOM: 1
Inventory: 18
MoM: −6.6%
Townhouse
$2,050
Median DOM: 195
Inventory: 1
MoM: −6.6%
Apartment
Avg/Median Rent$1,522 / $1,500Range$1,079 – $2,295Rent per Sq Ft$2 / $2Sq Ft749 / 720DOM108 / 84New0Total21
Condo
Avg/Median Rent$2,556 / $2,195Range$1,999 – $3,475Rent per Sq Ft$2 / $2Sq Ft1,406 / 1,153DOM1 / 1New1Total3
Single Family
Avg/Median Rent$3,090 / $2,950Range$1,795 – $4,895Rent per Sq Ft$2 / $2Sq Ft2,096 / 2,010DOM8 / 1New2Total18
Townhouse
Avg/Median Rent$2,050 / $2,050Range$2,050 – $2,050Rent per Sq Ft$2 / $2Sq Ft1,320 / 1,320DOM195 / 195New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,378Median:$1,297Range:$1,297 – $1,458PSF:$3 / $3Sq Ft:502 / 478DOM:—New:0Total:2
1 Beds
Avg:$1,597Median:$1,512Range:$1,429 – $2,228PSF:$2 / $2Sq Ft:708 / 688DOM:70 / 55New:0Total:10
2 Beds
Avg:$1,745Median:$1,587Range:$1,079 – $2,995PSF:$2 / $2Sq Ft:1,129 / 990DOM:81 / 36New:0Total:14
3 Beds
Avg:$2,822Median:$2,795Range:$2,295 – $3,295PSF:$2 / $2Sq Ft:1,761 / 1,762DOM:14 / 1New:1Total:6
4 Beds
Avg:$3,342Median:$3,095Range:$2,845 – $4,895PSF:$2 / $2Sq Ft:2,251 / 2,051DOM:14 / 1New:2Total:10
5 Beds
Avg:$3,800Median:$3,800Range:$3,800 – $3,800PSF:$1 / $1Sq Ft:3,169 / 3,169DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,378 | $1,297 | $1,297 – $1,458 | $3 / $3 | 502 / 478 | — | 0 | 2 |
| 1 Beds | $1,597 | $1,512 | $1,429 – $2,228 | $2 / $2 | 708 / 688 | 70 / 55 | 0 | 10 |
| 2 Beds | $1,745 | $1,587 | $1,079 – $2,995 | $2 / $2 | 1,129 / 990 | 81 / 36 | 0 | 14 |
| 3 Beds | $2,822 | $2,795 | $2,295 – $3,295 | $2 / $2 | 1,761 / 1,762 | 14 / 1 | 1 | 6 |
| 4 Beds | $3,342 | $3,095 | $2,845 – $4,895 | $2 / $2 | 2,251 / 2,051 | 14 / 1 | 2 | 10 |
| 5 Beds | $3,800 | $3,800 | $3,800 – $3,800 | $1 / $1 | 3,169 / 3,169 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$689,995Median DOM:85New:13Total:175
Jan 2026
Median Price:$699,000Median DOM:75New:41Total:151
Feb 2026
Median Price:$699,000Median DOM:49New:46Total:159
Mar 2026
Median Price:$696,500Median DOM:40New:57Total:183
Apr 2026
Median Price:$689,900Median DOM:49New:43Total:199
May 2026
Median Price:$679,000Median DOM:49New:15Total:207
6-Month Rental Trend
Dec 2025
Median Rent:$2,299Median DOM:1New:36Total:63
Jan 2026
Median Rent:$2,395Median DOM:1New:28Total:59
Feb 2026
Median Rent:$2,400Median DOM:1New:29Total:64
Mar 2026
Median Rent:$2,295Median DOM:1New:23Total:58
Apr 2026
Median Rent:$2,195Median DOM:1New:13Total:48
May 2026
Median Rent:$2,050Median DOM:1New:3Total:43
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market were unchanged, signaling steady buyer activity. Rental pricing eased, 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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