ZIP 97201 Housing Market Report
Portland Metro
Report period: May 2026
97201 Monthly Market Update – May 2026
ZIP 97201 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$429,000
+3.4%
Median DOM (Sales)
66
+13.8%
New Listings (Sales)
5
−87.2%
Median Rent
$1,510
−0.7%
Median DOM (Rental)
1
0.0%
Total Rental Listings
273
−1.1%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (30 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($3,915,000 median)
Sales Market Overview
Median Price
$429,000
+3.4%
Median DOM
66
+13.8%
New Listings
5
−87.2%
Inventory
196
+1.0%
- Average Price: $765,798
- Median Price: $429,000
- Price Range: $49,900 – $5,995,000
- Price per Sq Ft (Avg/Median): $343 / $319
- Square Footage (Avg/Median): 2,224 / 1,437
- Square Footage Range: 367 – 13,000
- Days on Market (Avg/Median): 100 / 66
- Days on Market Range: 1 – 365
- New Listings: 5
- Total Listings: 196
Sales by Property Type
Condo
Avg/Median Price$392,234 / $289,900Range$100,000 – $2,050,000Price per Sq Ft$331 / $308Sq Ft1,151 / 980DOM111 / 73New0Total119
Land
Avg/Median Price$319,915 / $294,000Range$49,900 – $549,000Price per Sq Ft—Sq Ft—DOM162 / 127New0Total13
Multi-Family
Avg/Median Price$1,274,880 / $975,000Range$749,500 – $2,800,000Price per Sq Ft$272 / $291Sq Ft5,515 / 3,350DOM53 / 36New1Total5
Single Family
Avg/Median Price$1,619,861 / $1,250,000Range$440,000 – $5,995,000Price per Sq Ft$374 / $350Sq Ft4,207 / 3,856DOM77 / 50New4Total56
Townhouse
Avg/Median Price$725,000 / $750,000Range$675,000 – $750,000Price per Sq Ft$321 / $309Sq Ft2,270 / 2,425DOM26 / 30New0Total3
Sales by Bedroom Count
Studio
Avg:$138,800Median:$114,900Range:$100,000 – $209,000PSF:$294 / $272Sq Ft:471 / 463DOM:114 / 31New:0Total:6
1 Beds
Avg:$304,633Median:$239,000Range:$139,900 – $2,800,000PSF:$339 / $326Sq Ft:998 / 725DOM:120 / 89New:0Total:45
2 Beds
Avg:$456,716Median:$395,000Range:$174,000 – $1,795,000PSF:$324 / $304Sq Ft:1,384 / 1,288DOM:100 / 59New:0Total:63
3 Beds
Avg:$1,291,408Median:$995,000Range:$200,000 – $5,995,000PSF:$372 / $341Sq Ft:3,265 / 3,010DOM:98 / 68New:3Total:31
4 Beds
Avg:$1,379,421Median:$1,245,000Range:$750,000 – $3,795,000PSF:$349 / $323Sq Ft:3,925 / 3,901DOM:59 / 30New:0Total:19
5 Beds
Avg:$1,674,314Median:$1,200,000Range:$749,500 – $3,000,000PSF:$374 / $330Sq Ft:4,632 / 4,035DOM:54 / 64New:2Total:14
6 Beds
Avg:$3,721,666Median:$3,915,000Range:$2,999,999 – $4,250,000PSF:$459 / $432Sq Ft:8,241 / 8,037DOM:175 / 186New:0Total:3
7 Beds
Avg:$975,000Median:$975,000Range:$975,000 – $975,000PSF:$291 / $291Sq Ft:3,350 / 3,350DOM:73 / 73New:0Total:1
8 Beds
Avg:$799,999Median:$799,999Range:$799,999 – $799,999PSF:$237 / $237Sq Ft:3,376 / 3,376DOM:14 / 14New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $138,800 | $114,900 | $100,000 – $209,000 | $294 / $272 | 471 / 463 | 114 / 31 | 0 | 6 |
| 1 Beds | $304,633 | $239,000 | $139,900 – $2,800,000 | $339 / $326 | 998 / 725 | 120 / 89 | 0 | 45 |
| 2 Beds | $456,716 | $395,000 | $174,000 – $1,795,000 | $324 / $304 | 1,384 / 1,288 | 100 / 59 | 0 | 63 |
| 3 Beds | $1,291,408 | $995,000 | $200,000 – $5,995,000 | $372 / $341 | 3,265 / 3,010 | 98 / 68 | 3 | 31 |
| 4 Beds | $1,379,421 | $1,245,000 | $750,000 – $3,795,000 | $349 / $323 | 3,925 / 3,901 | 59 / 30 | 0 | 19 |
| 5 Beds | $1,674,314 | $1,200,000 | $749,500 – $3,000,000 | $374 / $330 | 4,632 / 4,035 | 54 / 64 | 2 | 14 |
| 6 Beds | $3,721,666 | $3,915,000 | $2,999,999 – $4,250,000 | $459 / $432 | 8,241 / 8,037 | 175 / 186 | 0 | 3 |
| 7 Beds | $975,000 | $975,000 | $975,000 – $975,000 | $291 / $291 | 3,350 / 3,350 | 73 / 73 | 0 | 1 |
| 8 Beds | $799,999 | $799,999 | $799,999 – $799,999 | $237 / $237 | 3,376 / 3,376 | 14 / 14 | 0 | 1 |
Rental Market Overview
Median Rent
$1,510
−0.7%
Median DOM
1
0.0%
New Listings
117
Inventory
273
−1.1%
- Average Rent: $1,762
- Median Rent: $1,510
- Rent Range: $549 – $6,026
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 770 / 636
- Square Footage Range: 313 – 4,243
- Days on Market (Avg/Median): 18 / 1
- Days on Market Range: 1 – 327
- New Listings: 117
- Total Listings: 273
Rentals by Property Type
Apartment
$1,465
Median DOM: 1
Inventory: 231
MoM: −0.7%
Condo
$1,595
Median DOM: 1
Inventory: 22
MoM: −0.7%
Single Family
$2,300
Median DOM: 1
Inventory: 18
MoM: −0.7%
Townhouse
$2,599
Median DOM: 1
Inventory: 1
MoM: −0.7%
Apartment
Avg/Median Rent$1,655 / $1,465Range$549 – $6,026Rent per Sq Ft$3 / $2Sq Ft673 / 620DOM18 / 1New96Total231
Condo
Avg/Median Rent$1,837 / $1,595Range$995 – $4,250Rent per Sq Ft$2 / $2Sq Ft919 / 868DOM29 / 1New9Total22
Multi-Family
Avg/Median Rent$2,995 / $2,995Range$2,995 – $2,995Rent per Sq Ft$1 / $1Sq Ft2,240 / 2,240DOM15 / 15New0Total1
Single Family
Avg/Median Rent$2,938 / $2,300Range$1,395 – $5,999Rent per Sq Ft$2 / $2Sq Ft1,740 / 1,180DOM1 / 1New11Total18
Townhouse
Avg/Median Rent$2,599 / $2,599Range$2,599 – $2,599Rent per Sq Ft$2 / $2Sq Ft1,051 / 1,051DOM1 / 1New1Total1
Rentals by Bedroom Count
Studio
Avg:$1,203Median:$1,100Range:$549 – $2,499PSF:$3 / $3Sq Ft:438 / 416DOM:25 / 1New:22Total:66
1 Beds
Avg:$1,533Median:$1,465Range:$895 – $2,683PSF:$2 / $2Sq Ft:633 / 620DOM:11 / 1New:58Total:127
2 Beds
Avg:$2,326Median:$2,045Range:$1,250 – $5,888PSF:$2 / $2Sq Ft:1,043 / 967DOM:25 / 1New:31Total:66
3 Beds
Avg:$3,706Median:$3,195Range:$1,773 – $6,026PSF:$2 / $2Sq Ft:2,132 / 2,240DOM:19 / 1New:5Total:12
4 Beds
Avg:$4,498Median:$3,995Range:$3,995 – $5,000PSF:$1 / $1Sq Ft:3,397 / 2,551DOM:1 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,203 | $1,100 | $549 – $2,499 | $3 / $3 | 438 / 416 | 25 / 1 | 22 | 66 |
| 1 Beds | $1,533 | $1,465 | $895 – $2,683 | $2 / $2 | 633 / 620 | 11 / 1 | 58 | 127 |
| 2 Beds | $2,326 | $2,045 | $1,250 – $5,888 | $2 / $2 | 1,043 / 967 | 25 / 1 | 31 | 66 |
| 3 Beds | $3,706 | $3,195 | $1,773 – $6,026 | $2 / $2 | 2,132 / 2,240 | 19 / 1 | 5 | 12 |
| 4 Beds | $4,498 | $3,995 | $3,995 – $5,000 | $1 / $1 | 3,397 / 2,551 | 1 / 1 | 1 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$350,000Median DOM:130New:9Total:173
Jan 2026
Median Price:$359,000Median DOM:135New:22Total:159
Feb 2026
Median Price:$365,000Median DOM:115New:30Total:167
Mar 2026
Median Price:$385,000Median DOM:67New:35Total:174
Apr 2026
Median Price:$415,000Median DOM:58New:39Total:194
May 2026
Median Price:$429,000Median DOM:66New:5Total:196
6-Month Rental Trend
Dec 2025
Median Rent:$1,585Median DOM:1New:150Total:209
Jan 2026
Median Rent:$1,475Median DOM:1New:174Total:255
Feb 2026
Median Rent:$1,555Median DOM:1New:156Total:278
Mar 2026
Median Rent:$1,510Median DOM:1New:157Total:285
Apr 2026
Median Rent:$1,520Median DOM:1New:159Total:276
May 2026
Median Rent:$1,510Median DOM:1New:117Total:273
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market lengthened, signaling slower 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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