ZIP 97070 Housing Market Report
Portland Metro
Report period: August 2026
97070 Monthly Market Update – August 2026
ZIP 97070 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$685,000
−2.0%
Median DOM (Sales)
58
+5.5%
New Listings (Sales)
18
−60.0%
Median Rent
$2,390
+11.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
49
+14.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Manufactured (13 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($3,995,000 median)
Sales Market Overview
Median Price
$685,000
−2.0%
Median DOM
58
+5.5%
New Listings
18
−60.0%
Inventory
238
−0.4%
- Average Price: $827,985
- Median Price: $685,000
- Price Range: $99,000 – $6,600,000
- Price per Sq Ft (Avg/Median): $321 / $297
- Square Footage (Avg/Median): 2,357 / 2,170
- Square Footage Range: 748 – 12,254
- Days on Market (Avg/Median): 78 / 58
- Days on Market Range: 3 – 339
- New Listings: 18
- Total Listings: 238
Sales by Property Type
Condo
Avg/Median Price$348,081 / $325,000Range$215,000 – $565,000Price per Sq Ft$282 / $273Sq Ft1,235 / 1,121DOM107 / 94New1Total31
Land
Avg/Median Price$2,349,167 / $1,600,000Range$245,000 – $6,600,000Price per Sq Ft—Sq Ft—DOM219 / 170New0Total6
Manufactured
Avg/Median Price$386,000 / $130,000Range$99,000 – $929,000Price per Sq Ft$319 / $97Sq Ft1,295 / 1,188DOM59 / 13New1Total3
Multi-Family
Avg/Median Price$835,000 / $835,000Range$835,000 – $835,000Price per Sq Ft—Sq Ft—DOM60 / 60New0Total1
Single Family
Avg/Median Price$932,342 / $739,950Range$459,000 – $5,977,000Price per Sq Ft$328 / $302Sq Ft2,734 / 2,631DOM69 / 46New14Total160
Townhouse
Avg/Median Price$567,765 / $495,000Range$290,000 – $1,025,000Price per Sq Ft$322 / $299Sq Ft1,754 / 1,671DOM70 / 60New2Total37
Sales by Bedroom Count
2 Beds
Avg:$459,636Median:$399,000Range:$215,000 – $1,025,000PSF:$318 / $306Sq Ft:1,401 / 1,266DOM:73 / 62New:4Total:49
3 Beds
Avg:$668,171Median:$600,000Range:$99,000 – $2,499,000PSF:$324 / $300Sq Ft:2,056 / 1,937DOM:73 / 52New:6Total:75
4 Beds
Avg:$848,901Median:$754,900Range:$390,000 – $2,895,000PSF:$311 / $290Sq Ft:2,710 / 2,699DOM:73 / 46New:6Total:80
5 Beds
Avg:$1,073,631Median:$825,000Range:$599,900 – $5,977,000PSF:$299 / $294Sq Ft:3,318 / 2,852DOM:74 / 52New:2Total:23
6 Beds
Avg:$4,222,500Median:$3,995,000Range:$3,795,000 – $4,600,000PSF:$618 / $638Sq Ft:7,152 / 5,795DOM:106 / 57New:0Total:4
8 Beds
Avg:$835,000Median:$835,000Range:$835,000 – $835,000PSF:—Sq Ft:—DOM:60 / 60New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $459,636 | $399,000 | $215,000 – $1,025,000 | $318 / $306 | 1,401 / 1,266 | 73 / 62 | 4 | 49 |
| 3 Beds | $668,171 | $600,000 | $99,000 – $2,499,000 | $324 / $300 | 2,056 / 1,937 | 73 / 52 | 6 | 75 |
| 4 Beds | $848,901 | $754,900 | $390,000 – $2,895,000 | $311 / $290 | 2,710 / 2,699 | 73 / 46 | 6 | 80 |
| 5 Beds | $1,073,631 | $825,000 | $599,900 – $5,977,000 | $299 / $294 | 3,318 / 2,852 | 74 / 52 | 2 | 23 |
| 6 Beds | $4,222,500 | $3,995,000 | $3,795,000 – $4,600,000 | $618 / $638 | 7,152 / 5,795 | 106 / 57 | 0 | 4 |
| 8 Beds | $835,000 | $835,000 | $835,000 – $835,000 | — | — | 60 / 60 | 0 | 1 |
Rental Market Overview
Median Rent
$2,390
+11.1%
Median DOM
1
0.0%
New Listings
14
Inventory
49
+14.0%
- Average Rent: $2,346
- Median Rent: $2,390
- Rent Range: $941 – $5,300
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,433 / 1,350
- Square Footage Range: 620 – 3,104
- Days on Market (Avg/Median): 49 / 1
- Days on Market Range: 1 – 345
- New Listings: 14
- Total Listings: 49
Rentals by Property Type
Apartment
$1,500
Median DOM: 146
Inventory: 22
MoM: +11.1%
Condo
$1,749
Median DOM: 1
Inventory: 3
MoM: +11.1%
Single Family
$3,099
Median DOM: 1
Inventory: 19
MoM: +11.1%
Townhouse
$2,700
Median DOM: 1
Inventory: 5
MoM: +11.1%
Apartment
Avg/Median Rent$1,693 / $1,500Range$1,079 – $2,850Rent per Sq Ft$2 / $2Sq Ft873 / 754DOM132 / 146New1Total22
Condo
Avg/Median Rent$2,055 / $1,749Range$941 – $3,475Rent per Sq Ft$2 / $2Sq Ft1,490 / 930DOM1 / 1New1Total3
Single Family
Avg/Median Rent$3,109 / $3,099Range$1,725 – $5,300Rent per Sq Ft$2 / $1Sq Ft2,012 / 1,978DOM3 / 1New10Total19
Townhouse
Avg/Median Rent$2,498 / $2,700Range$1,950 – $2,750Rent per Sq Ft$2 / $2Sq Ft1,446 / 1,505DOM69 / 1New2Total5
Rentals by Bedroom Count
Studio
Avg:$1,450Median:$1,450Range:$1,450 – $1,450PSF:$2 / $2Sq Ft:634 / 634DOM:—New:0Total:1
1 Beds
Avg:$1,615Median:$1,550Range:$1,352 – $2,371PSF:$2 / $2Sq Ft:730 / 700DOM:159 / 146New:0Total:11
2 Beds
Avg:$1,613Median:$1,490Range:$1,079 – $2,700PSF:$2 / $2Sq Ft:983 / 875DOM:136 / 102New:1Total:10
3 Beds
Avg:$2,772Median:$2,795Range:$941 – $3,499PSF:$2 / $2Sq Ft:1,781 / 1,656DOM:16 / 1New:8Total:18
4 Beds
Avg:$3,304Median:$3,099Range:$2,600 – $5,300PSF:$2 / $1Sq Ft:2,123 / 1,978DOM:3 / 1New:5Total:9
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,450 | $1,450 | $1,450 – $1,450 | $2 / $2 | 634 / 634 | — | 0 | 1 |
| 1 Beds | $1,615 | $1,550 | $1,352 – $2,371 | $2 / $2 | 730 / 700 | 159 / 146 | 0 | 11 |
| 2 Beds | $1,613 | $1,490 | $1,079 – $2,700 | $2 / $2 | 983 / 875 | 136 / 102 | 1 | 10 |
| 3 Beds | $2,772 | $2,795 | $941 – $3,499 | $2 / $2 | 1,781 / 1,656 | 16 / 1 | 8 | 18 |
| 4 Beds | $3,304 | $3,099 | $2,600 – $5,300 | $2 / $1 | 2,123 / 1,978 | 3 / 1 | 5 | 9 |
6-Month Sales Trend
Mar 2026
Median Price:$696,500Median DOM:40New:57Total:183
Apr 2026
Median Price:$689,900Median DOM:49New:43Total:199
May 2026
Median Price:$675,000Median DOM:49New:60Total:227
Jun 2026
Median Price:$699,000Median DOM:45New:61Total:245
Jul 2026
Median Price:$699,000Median DOM:55New:45Total:239
Aug 2026
Median Price:$685,000Median DOM:58New:18Total:238
6-Month Rental Trend
Mar 2026
Median Rent:$2,295Median DOM:1New:23Total:58
Apr 2026
Median Rent:$2,195Median DOM:1New:13Total:48
May 2026
Median Rent:$1,795Median DOM:1New:9Total:40
Jun 2026
Median Rent:$2,050Median DOM:1New:16Total:39
Jul 2026
Median Rent:$2,151Median DOM:1New:15Total:43
Aug 2026
Median Rent:$2,390Median DOM:1New:14Total:49
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower 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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