ZIP 97202 Housing Market Report
Portland Metro
Report period: May 2026
97202 Monthly Market Update – May 2026
ZIP 97202 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$650,000
+0.0%
Median DOM (Sales)
22
+4.8%
New Listings (Sales)
24
−68.4%
Median Rent
$1,550
−2.8%
Median DOM (Rental)
1
0.0%
Total Rental Listings
340
−4.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (10 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($900,000 median)
Sales Market Overview
Median Price
$650,000
+0.0%
Median DOM
22
+4.8%
New Listings
24
−68.4%
Inventory
227
+9.7%
- Average Price: $714,894
- Median Price: $650,000
- Price Range: $239,900 – $2,289,900
- Price per Sq Ft (Avg/Median): $361 / $354
- Square Footage (Avg/Median): 2,087 / 1,900
- Square Footage Range: 528 – 7,800
- Days on Market (Avg/Median): 56 / 22
- Days on Market Range: 1 – 358
- New Listings: 24
- Total Listings: 227
Sales by Property Type
Condo
Avg/Median Price$405,108 / $349,900Range$239,900 – $810,000Price per Sq Ft$369 / $367Sq Ft1,132 / 951DOM106 / 38New3Total40
Land
Avg/Median Price$1,012,500 / $425,000Range$425,000 – $1,599,999Price per Sq Ft—Sq Ft—DOM111 / 105New0Total2
Multi-Family
Avg/Median Price$978,793 / $850,000Range$460,000 – $2,289,900Price per Sq Ft$401 / $293Sq Ft2,930 / 2,948DOM98 / 39New3Total27
Single Family
Avg/Median Price$772,633 / $749,000Range$350,000 – $1,999,000Price per Sq Ft$354 / $347Sq Ft2,282 / 2,248DOM34 / 10New17Total136
Townhouse
Avg/Median Price$570,273 / $525,000Range$345,000 – $995,000Price per Sq Ft$344 / $362Sq Ft1,702 / 1,584DOM63 / 38New1Total22
Sales by Bedroom Count
1 Beds
Avg:$690,000Median:$570,000Range:$275,000 – $1,225,000PSF:$925 / $505Sq Ft:795 / 685DOM:20 / 11New:0Total:3
2 Beds
Avg:$433,722Median:$414,900Range:$239,900 – $1,149,000PSF:$383 / $375Sq Ft:1,190 / 1,000DOM:88 / 38New:6Total:65
3 Beds
Avg:$680,235Median:$650,000Range:$345,000 – $1,875,000PSF:$348 / $354Sq Ft:2,057 / 1,900DOM:35 / 15New:8Total:71
4 Beds
Avg:$890,413Median:$800,000Range:$460,000 – $1,999,000PSF:$328 / $329Sq Ft:2,731 / 2,693DOM:33 / 11New:6Total:62
5 Beds
Avg:$1,012,696Median:$899,000Range:$574,900 – $1,875,000PSF:$367 / $365Sq Ft:2,878 / 2,792DOM:85 / 24New:2Total:14
6 Beds
Avg:$1,112,333Median:$865,000Range:$695,000 – $1,895,000PSF:$298 / $280Sq Ft:3,432 / 3,309DOM:155 / 100New:1Total:6
7 Beds
Avg:$1,225,000Median:$850,000Range:$850,000 – $1,599,999PSF:$441 / $441Sq Ft:3,626 / 3,626DOM:73 / 28New:0Total:2
8 Beds
Avg:$1,594,950Median:$900,000Range:$900,000 – $2,289,900PSF:$313 / $207Sq Ft:4,912 / 4,348DOM:91 / 9New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $690,000 | $570,000 | $275,000 – $1,225,000 | $925 / $505 | 795 / 685 | 20 / 11 | 0 | 3 |
| 2 Beds | $433,722 | $414,900 | $239,900 – $1,149,000 | $383 / $375 | 1,190 / 1,000 | 88 / 38 | 6 | 65 |
| 3 Beds | $680,235 | $650,000 | $345,000 – $1,875,000 | $348 / $354 | 2,057 / 1,900 | 35 / 15 | 8 | 71 |
| 4 Beds | $890,413 | $800,000 | $460,000 – $1,999,000 | $328 / $329 | 2,731 / 2,693 | 33 / 11 | 6 | 62 |
| 5 Beds | $1,012,696 | $899,000 | $574,900 – $1,875,000 | $367 / $365 | 2,878 / 2,792 | 85 / 24 | 2 | 14 |
| 6 Beds | $1,112,333 | $865,000 | $695,000 – $1,895,000 | $298 / $280 | 3,432 / 3,309 | 155 / 100 | 1 | 6 |
| 7 Beds | $1,225,000 | $850,000 | $850,000 – $1,599,999 | $441 / $441 | 3,626 / 3,626 | 73 / 28 | 0 | 2 |
| 8 Beds | $1,594,950 | $900,000 | $900,000 – $2,289,900 | $313 / $207 | 4,912 / 4,348 | 91 / 9 | 1 | 2 |
Rental Market Overview
Median Rent
$1,550
−2.8%
Median DOM
1
0.0%
New Listings
110
Inventory
340
−4.0%
- Average Rent: $1,774
- Median Rent: $1,550
- Rent Range: $900 – $7,882
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 815 / 735
- Square Footage Range: 268 – 2,705
- Days on Market (Avg/Median): 29 / 1
- Days on Market Range: 1 – 346
- New Listings: 110
- Total Listings: 340
Rentals by Property Type
Apartment
$1,475
Median DOM: 1
Inventory: 290
MoM: −2.8%
Condo
$1,595
Median DOM: 1
Inventory: 4
MoM: −2.8%
Single Family
$2,595
Median DOM: 1
Inventory: 42
MoM: −2.8%
Townhouse
$2,595
Median DOM: 1
Inventory: 4
MoM: −2.8%
Apartment
Avg/Median Rent$1,631 / $1,475Range$900 – $7,882Rent per Sq Ft$2 / $2Sq Ft713 / 672DOM32 / 1New92Total290
Condo
Avg/Median Rent$1,632 / $1,595Range$1,345 – $1,895Rent per Sq Ft$2 / $2Sq Ft790 / 840DOM87 / 1New2Total4
Single Family
Avg/Median Rent$2,631 / $2,595Range$1,025 – $5,200Rent per Sq Ft$2 / $2Sq Ft1,396 / 1,310DOM3 / 1New16Total42
Townhouse
Avg/Median Rent$3,236 / $2,595Range$2,050 – $4,350Rent per Sq Ft$2 / $2Sq Ft1,664 / 1,350DOM1 / 1New0Total4
Rentals by Bedroom Count
Studio
Avg:$1,242Median:$1,255Range:$945 – $1,680PSF:$3 / $3Sq Ft:445 / 415DOM:44 / 1New:13Total:39
1 Beds
Avg:$1,396Median:$1,350Range:$900 – $1,973PSF:$2 / $3Sq Ft:576 / 552DOM:32 / 1New:37Total:129
2 Beds
Avg:$1,926Median:$1,825Range:$1,264 – $3,882PSF:$2 / $2Sq Ft:922 / 875DOM:23 / 1New:54Total:144
3 Beds
Avg:$3,043Median:$3,000Range:$2,195 – $4,350PSF:$2 / $2Sq Ft:1,690 / 1,724DOM:15 / 1New:4Total:20
4 Beds
Avg:$4,630Median:$3,495Range:$2,550 – $7,882PSF:$3 / $2Sq Ft:2,087 / 2,208DOM:65 / 1New:2Total:7
5 Beds
Avg:$3,995Median:$3,995Range:$3,995 – $3,995PSF:$2 / $2Sq Ft:1,864 / 1,864DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,242 | $1,255 | $945 – $1,680 | $3 / $3 | 445 / 415 | 44 / 1 | 13 | 39 |
| 1 Beds | $1,396 | $1,350 | $900 – $1,973 | $2 / $3 | 576 / 552 | 32 / 1 | 37 | 129 |
| 2 Beds | $1,926 | $1,825 | $1,264 – $3,882 | $2 / $2 | 922 / 875 | 23 / 1 | 54 | 144 |
| 3 Beds | $3,043 | $3,000 | $2,195 – $4,350 | $2 / $2 | 1,690 / 1,724 | 15 / 1 | 4 | 20 |
| 4 Beds | $4,630 | $3,495 | $2,550 – $7,882 | $3 / $2 | 2,087 / 2,208 | 65 / 1 | 2 | 7 |
| 5 Beds | $3,995 | $3,995 | $3,995 – $3,995 | $2 / $2 | 1,864 / 1,864 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$569,950Median DOM:103New:9Total:153
Jan 2026
Median Price:$539,900Median DOM:101New:31Total:142
Feb 2026
Median Price:$550,000Median DOM:57New:42Total:159
Mar 2026
Median Price:$615,000Median DOM:29New:53Total:179
Apr 2026
Median Price:$649,900Median DOM:21New:76Total:207
May 2026
Median Price:$650,000Median DOM:22New:24Total:227
6-Month Rental Trend
Dec 2025
Median Rent:$1,595Median DOM:1New:193Total:334
Jan 2026
Median Rent:$1,595Median DOM:1New:203Total:349
Feb 2026
Median Rent:$1,595Median DOM:1New:175Total:373
Mar 2026
Median Rent:$1,600Median DOM:1New:169Total:358
Apr 2026
Median Rent:$1,595Median DOM:1New:175Total:354
May 2026
Median Rent:$1,550Median DOM:1New:110Total:340
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.
970059700697007970089702497027970309703497035970609706297068970709720197202972039720497205972069720997210972119721297213972149721597216972179721897219+14 more
← Back to Portland Metro