ZIP 97201 Housing Market Report
Portland Metro
Report period: August 2026
97201 Monthly Market Update – August 2026
ZIP 97201 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$425,000
0.0%
Median DOM (Sales)
79
−4.8%
New Listings (Sales)
9
−75.7%
Median Rent
$1,449
−2.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
289
+0.3%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (70 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($3,915,000 median)
Sales Market Overview
Median Price
$425,000
0.0%
Median DOM
79
−4.8%
New Listings
9
−75.7%
Inventory
210
−1.4%
- Average Price: $743,326
- Median Price: $425,000
- Price Range: $49,900 – $5,300,000
- Price per Sq Ft (Avg/Median): $341 / $310
- Square Footage (Avg/Median): 2,173 / 1,437
- Square Footage Range: 368 – 13,000
- Days on Market (Avg/Median): 106 / 79
- Days on Market Range: 2 – 349
- New Listings: 9
- Total Listings: 210
Sales by Property Type
Condo
Avg/Median Price$403,878 / $295,000Range$114,900 – $1,950,000Price per Sq Ft$330 / $297Sq Ft1,173 / 959DOM106 / 79New7Total131
Land
Avg/Median Price$305,806 / $294,000Range$49,900 – $549,000Price per Sq Ft—Sq Ft—DOM139 / 120New0Total16
Multi-Family
Avg/Median Price$1,257,780 / $975,000Range$725,000 – $2,800,000Price per Sq Ft$264 / $290Sq Ft5,515 / 3,350DOM136 / 126New0Total5
Single Family
Avg/Median Price$1,597,082 / $1,250,000Range$599,900 – $5,300,000Price per Sq Ft$374 / $357Sq Ft4,164 / 3,831DOM97 / 70New2Total57
Townhouse
Avg/Median Price$975,000 / $975,000Range$975,000 – $975,000Price per Sq Ft$347 / $347Sq Ft2,808 / 2,808DOM73 / 73New0Total1
Sales by Bedroom Count
Studio
Avg:$129,971Median:$125,000Range:$114,900 – $165,000PSF:$257 / $248Sq Ft:517 / 559DOM:44 / 24New:1Total:7
1 Beds
Avg:$288,831Median:$235,000Range:$135,000 – $2,800,000PSF:$331 / $312Sq Ft:959 / 708DOM:102 / 80New:1Total:49
2 Beds
Avg:$493,046Median:$375,000Range:$159,000 – $1,595,000PSF:$338 / $292Sq Ft:1,408 / 1,319DOM:110 / 79New:3Total:67
3 Beds
Avg:$1,034,114Median:$795,000Range:$175,000 – $4,995,000PSF:$342 / $307Sq Ft:2,870 / 2,663DOM:124 / 92New:2Total:29
4 Beds
Avg:$1,483,737Median:$1,399,000Range:$665,000 – $3,595,000PSF:$363 / $380Sq Ft:4,062 / 3,861DOM:72 / 73New:2Total:19
5 Beds
Avg:$1,863,106Median:$1,550,000Range:$725,000 – $5,300,000PSF:$391 / $358Sq Ft:4,746 / 4,078DOM:91 / 69New:0Total:18
6 Beds
Avg:$3,213,333Median:$3,915,000Range:$1,475,000 – $4,250,000PSF:$402 / $432Sq Ft:7,991 / 7,287DOM:206 / 277New:0Total:3
7 Beds
Avg:$975,000Median:$975,000Range:$975,000 – $975,000PSF:$291 / $291Sq Ft:3,350 / 3,350DOM:126 / 126New:0Total:1
8 Beds
Avg:$777,777Median:$777,777Range:$777,777 – $777,777PSF:$230 / $230Sq Ft:3,376 / 3,376DOM:30 / 30New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $129,971 | $125,000 | $114,900 – $165,000 | $257 / $248 | 517 / 559 | 44 / 24 | 1 | 7 |
| 1 Beds | $288,831 | $235,000 | $135,000 – $2,800,000 | $331 / $312 | 959 / 708 | 102 / 80 | 1 | 49 |
| 2 Beds | $493,046 | $375,000 | $159,000 – $1,595,000 | $338 / $292 | 1,408 / 1,319 | 110 / 79 | 3 | 67 |
| 3 Beds | $1,034,114 | $795,000 | $175,000 – $4,995,000 | $342 / $307 | 2,870 / 2,663 | 124 / 92 | 2 | 29 |
| 4 Beds | $1,483,737 | $1,399,000 | $665,000 – $3,595,000 | $363 / $380 | 4,062 / 3,861 | 72 / 73 | 2 | 19 |
| 5 Beds | $1,863,106 | $1,550,000 | $725,000 – $5,300,000 | $391 / $358 | 4,746 / 4,078 | 91 / 69 | 0 | 18 |
| 6 Beds | $3,213,333 | $3,915,000 | $1,475,000 – $4,250,000 | $402 / $432 | 7,991 / 7,287 | 206 / 277 | 0 | 3 |
| 7 Beds | $975,000 | $975,000 | $975,000 – $975,000 | $291 / $291 | 3,350 / 3,350 | 126 / 126 | 0 | 1 |
| 8 Beds | $777,777 | $777,777 | $777,777 – $777,777 | $230 / $230 | 3,376 / 3,376 | 30 / 30 | 0 | 1 |
Rental Market Overview
Median Rent
$1,449
−2.2%
Median DOM
1
0.0%
New Listings
116
Inventory
289
+0.3%
- Average Rent: $1,660
- Median Rent: $1,449
- Rent Range: $589 – $6,499
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 722 / 619
- Square Footage Range: 305 – 3,868
- Days on Market (Avg/Median): 15 / 1
- Days on Market Range: 1 – 294
- New Listings: 116
- Total Listings: 289
Rentals by Property Type
Apartment
$1,395
Median DOM: 1
Inventory: 247
MoM: −2.2%
Condo
$1,575
Median DOM: 1
Inventory: 22
MoM: −2.2%
Single Family
$2,895
Median DOM: 1
Inventory: 16
MoM: −2.2%
Townhouse
$2,499
Median DOM: 1
Inventory: 1
MoM: −2.2%
Apartment
Avg/Median Rent$1,518 / $1,395Range$589 – $4,337Rent per Sq Ft$2 / $2Sq Ft624 / 585DOM15 / 1New102Total247
Condo
Avg/Median Rent$1,830 / $1,575Range$955 – $2,950Rent per Sq Ft$2 / $2Sq Ft871 / 885DOM23 / 1New6Total22
Multi-Family
Avg/Median Rent$2,248 / $2,400Range$1,495 – $2,850Rent per Sq Ft$2 / $2Sq Ft1,173 / 1,200DOM30 / 18New1Total3
Single Family
Avg/Median Rent$3,466 / $2,895Range$1,400 – $6,499Rent per Sq Ft$2 / $2Sq Ft1,916 / 1,632DOM1 / 1New7Total16
Townhouse
Avg/Median Rent$2,499 / $2,499Range$2,499 – $2,499Rent per Sq Ft$2 / $2Sq Ft1,051 / 1,051DOM1 / 1New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,126Median:$1,093Range:$589 – $1,702PSF:$3 / $3Sq Ft:428 / 388DOM:35 / 1New:22Total:69
1 Beds
Avg:$1,464Median:$1,440Range:$955 – $2,260PSF:$2 / $2Sq Ft:618 / 619DOM:9 / 1New:65Total:152
2 Beds
Avg:$2,334Median:$2,175Range:$834 – $4,337PSF:$2 / $2Sq Ft:1,006 / 976DOM:10 / 1New:25Total:57
3 Beds
Avg:$3,727Median:$2,895Range:$1,773 – $6,200PSF:$2 / $2Sq Ft:1,923 / 1,632DOM:5 / 1New:1Total:6
4 Beds
Avg:$4,931Median:$4,500Range:$3,795 – $6,499PSF:$2 / $2Sq Ft:2,872 / 2,551DOM:1 / 1New:2Total:3
5 Beds
Avg:$5,995Median:$5,995Range:$5,995 – $5,995PSF:$2 / $2Sq Ft:3,868 / 3,868DOM:1 / 1New:1Total:1
6 Beds
Avg:$3,425Median:$3,425Range:$3,425 – $3,425PSF:$1 / $1Sq Ft:2,800 / 2,800DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,126 | $1,093 | $589 – $1,702 | $3 / $3 | 428 / 388 | 35 / 1 | 22 | 69 |
| 1 Beds | $1,464 | $1,440 | $955 – $2,260 | $2 / $2 | 618 / 619 | 9 / 1 | 65 | 152 |
| 2 Beds | $2,334 | $2,175 | $834 – $4,337 | $2 / $2 | 1,006 / 976 | 10 / 1 | 25 | 57 |
| 3 Beds | $3,727 | $2,895 | $1,773 – $6,200 | $2 / $2 | 1,923 / 1,632 | 5 / 1 | 1 | 6 |
| 4 Beds | $4,931 | $4,500 | $3,795 – $6,499 | $2 / $2 | 2,872 / 2,551 | 1 / 1 | 2 | 3 |
| 5 Beds | $5,995 | $5,995 | $5,995 – $5,995 | $2 / $2 | 3,868 / 3,868 | 1 / 1 | 1 | 1 |
| 6 Beds | $3,425 | $3,425 | $3,425 – $3,425 | $1 / $1 | 2,800 / 2,800 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$385,000Median DOM:67New:35Total:174
Apr 2026
Median Price:$415,000Median DOM:58New:39Total:194
May 2026
Median Price:$440,000Median DOM:74New:27Total:203
Jun 2026
Median Price:$475,000Median DOM:84New:29Total:214
Jul 2026
Median Price:$425,000Median DOM:83New:37Total:213
Aug 2026
Median Price:$425,000Median DOM:79New:9Total:210
6-Month Rental Trend
Mar 2026
Median Rent:$1,510Median DOM:1New:157Total:285
Apr 2026
Median Rent:$1,520Median DOM:1New:159Total:276
May 2026
Median Rent:$1,500Median DOM:1New:166Total:266
Jun 2026
Median Rent:$1,455Median DOM:1New:177Total:286
Jul 2026
Median Rent:$1,481Median DOM:1New:155Total:288
Aug 2026
Median Rent:$1,449Median DOM:1New:116Total:289
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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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