ZIP 97203 Housing Market Report
Portland Metro
Report period: August 2026
97203 Monthly Market Update – August 2026
ZIP 97203 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$449,900
0.0%
Median DOM (Sales)
52
−1.9%
New Listings (Sales)
7
−83.7%
Median Rent
$1,595
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
179
−0.6%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (32 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($1,899,000 median)
Sales Market Overview
Median Price
$449,900
0.0%
Median DOM
52
−1.9%
New Listings
7
−83.7%
Inventory
207
0.0%
- Average Price: $482,820
- Median Price: $449,900
- Price Range: $59,900 – $2,719,900
- Price per Sq Ft (Avg/Median): $323 / $314
- Square Footage (Avg/Median): 1,617 / 1,384
- Square Footage Range: 288 – 7,864
- Days on Market (Avg/Median): 76 / 52
- Days on Market Range: 2 – 361
- New Listings: 7
- Total Listings: 207
Sales by Property Type
Condo
Avg/Median Price$280,414 / $260,000Range$149,000 – $529,000Price per Sq Ft$316 / $311Sq Ft932 / 890DOM105 / 88New2Total31
Land
Avg/Median Price$283,088 / $295,000Range$59,900 – $694,900Price per Sq Ft—Sq Ft—DOM97 / 86New0Total8
Multi-Family
Avg/Median Price$1,058,043 / $650,000Range$495,000 – $2,719,900Price per Sq Ft$277 / $253Sq Ft4,052 / 3,576DOM111 / 113New0Total14
Single Family
Avg/Median Price$487,599 / $475,000Range$250,000 – $1,150,000Price per Sq Ft$330 / $321Sq Ft1,572 / 1,462DOM63 / 32New5Total144
Townhouse
Avg/Median Price$395,920 / $350,000Range$299,900 – $549,900Price per Sq Ft$289 / $312Sq Ft1,465 / 1,337DOM113 / 110New0Total10
Sales by Bedroom Count
Studio
Avg:$149,000Median:$149,000Range:$149,000 – $149,000PSF:$517 / $517Sq Ft:288 / 288DOM:17 / 17New:0Total:1
1 Beds
Avg:$216,666Median:$200,000Range:$169,000 – $269,999PSF:$354 / $325Sq Ft:629 / 545DOM:145 / 135New:0Total:6
2 Beds
Avg:$387,243Median:$349,900Range:$185,000 – $1,650,000PSF:$352 / $354Sq Ft:1,170 / 944DOM:97 / 69New:2Total:67
3 Beds
Avg:$473,461Median:$454,900Range:$230,900 – $1,150,000PSF:$322 / $312Sq Ft:1,523 / 1,440DOM:51 / 31New:3Total:77
4 Beds
Avg:$688,597Median:$575,900Range:$399,000 – $2,719,900PSF:$287 / $285Sq Ft:2,379 / 2,052DOM:79 / 33New:2Total:30
5 Beds
Avg:$604,375Median:$595,000Range:$350,000 – $950,000PSF:$246 / $245Sq Ft:2,489 / 2,272DOM:51 / 29New:0Total:12
6 Beds
Avg:$619,900Median:$599,900Range:$599,900 – $639,900PSF:$259 / $242Sq Ft:2,398 / 2,312DOM:78 / 6New:0Total:2
7 Beds
Avg:$1,899,000Median:$1,899,000Range:$1,899,000 – $1,899,000PSF:$430 / $430Sq Ft:4,416 / 4,416DOM:—New:0Total:1
8 Beds
Avg:$926,333Median:$859,000Range:$825,000 – $1,095,000PSF:$251 / $253Sq Ft:3,695 / 3,576DOM:138 / 142New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $149,000 | $149,000 | $149,000 – $149,000 | $517 / $517 | 288 / 288 | 17 / 17 | 0 | 1 |
| 1 Beds | $216,666 | $200,000 | $169,000 – $269,999 | $354 / $325 | 629 / 545 | 145 / 135 | 0 | 6 |
| 2 Beds | $387,243 | $349,900 | $185,000 – $1,650,000 | $352 / $354 | 1,170 / 944 | 97 / 69 | 2 | 67 |
| 3 Beds | $473,461 | $454,900 | $230,900 – $1,150,000 | $322 / $312 | 1,523 / 1,440 | 51 / 31 | 3 | 77 |
| 4 Beds | $688,597 | $575,900 | $399,000 – $2,719,900 | $287 / $285 | 2,379 / 2,052 | 79 / 33 | 2 | 30 |
| 5 Beds | $604,375 | $595,000 | $350,000 – $950,000 | $246 / $245 | 2,489 / 2,272 | 51 / 29 | 0 | 12 |
| 6 Beds | $619,900 | $599,900 | $599,900 – $639,900 | $259 / $242 | 2,398 / 2,312 | 78 / 6 | 0 | 2 |
| 7 Beds | $1,899,000 | $1,899,000 | $1,899,000 – $1,899,000 | $430 / $430 | 4,416 / 4,416 | — | 0 | 1 |
| 8 Beds | $926,333 | $859,000 | $825,000 – $1,095,000 | $251 / $253 | 3,695 / 3,576 | 138 / 142 | 0 | 3 |
Rental Market Overview
Median Rent
$1,595
0.0%
Median DOM
1
0.0%
New Listings
61
Inventory
179
−0.6%
- Average Rent: $1,879
- Median Rent: $1,595
- Rent Range: $710 – $5,995
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 942 / 750
- Square Footage Range: 300 – 3,000
- Days on Market (Avg/Median): 18 / 1
- Days on Market Range: 1 – 339
- New Listings: 61
- Total Listings: 179
Rentals by Property Type
Apartment
$1,425
Median DOM: 1
Inventory: 99
MoM: 0.0%
Condo
$1,749
Median DOM: 1
Inventory: 17
MoM: 0.0%
Single Family
$2,500
Median DOM: 1
Inventory: 53
MoM: 0.0%
Townhouse
$2,295
Median DOM: 1
Inventory: 7
MoM: 0.0%
Apartment
Avg/Median Rent$1,519 / $1,425Range$895 – $5,995Rent per Sq Ft$2 / $2Sq Ft667 / 650DOM32 / 1New27Total99
Condo
Avg/Median Rent$1,646 / $1,749Range$836 – $2,892Rent per Sq Ft$2 / $2Sq Ft916 / 748DOM1 / 1New8Total17
Multi-Family
Avg/Median Rent$2,462 / $2,295Range$2,095 – $2,995Rent per Sq Ft$2 / $2Sq Ft1,700 / 1,200DOM14 / 17New0Total3
Single Family
Avg/Median Rent$2,472 / $2,500Range$710 – $3,750Rent per Sq Ft$2 / $2Sq Ft1,388 / 1,206DOM2 / 1New21Total53
Townhouse
Avg/Median Rent$2,808 / $2,295Range$1,595 – $5,995Rent per Sq Ft$2 / $2Sq Ft1,282 / 896DOM2 / 1New5Total7
Rentals by Bedroom Count
Studio
Avg:$1,182Median:$1,197Range:$895 – $1,341PSF:$3 / $3Sq Ft:416 / 417DOM:30 / 1New:9Total:26
1 Beds
Avg:$1,363Median:$1,395Range:$710 – $1,775PSF:$2 / $2Sq Ft:611 / 600DOM:25 / 1New:10Total:39
2 Beds
Avg:$1,816Median:$1,749Range:$1,100 – $2,795PSF:$2 / $2Sq Ft:841 / 800DOM:18 / 1New:24Total:69
3 Beds
Avg:$2,716Median:$2,695Range:$836 – $5,995PSF:$2 / $2Sq Ft:1,575 / 1,600DOM:8 / 1New:11Total:30
4 Beds
Avg:$3,118Median:$3,295Range:$2,400 – $3,595PSF:$2 / $2Sq Ft:1,854 / 1,970DOM:3 / 1New:2Total:7
5 Beds
Avg:$3,080Median:$2,995Range:$2,495 – $3,750PSF:$1 / $2Sq Ft:2,111 / 2,000DOM:1 / 1New:3Total:3
6 Beds
Avg:$2,935Median:$2,895Range:$2,595 – $3,495PSF:$2 / $2Sq Ft:2,119 / 1,846DOM:1 / 1New:2Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,182 | $1,197 | $895 – $1,341 | $3 / $3 | 416 / 417 | 30 / 1 | 9 | 26 |
| 1 Beds | $1,363 | $1,395 | $710 – $1,775 | $2 / $2 | 611 / 600 | 25 / 1 | 10 | 39 |
| 2 Beds | $1,816 | $1,749 | $1,100 – $2,795 | $2 / $2 | 841 / 800 | 18 / 1 | 24 | 69 |
| 3 Beds | $2,716 | $2,695 | $836 – $5,995 | $2 / $2 | 1,575 / 1,600 | 8 / 1 | 11 | 30 |
| 4 Beds | $3,118 | $3,295 | $2,400 – $3,595 | $2 / $2 | 1,854 / 1,970 | 3 / 1 | 2 | 7 |
| 5 Beds | $3,080 | $2,995 | $2,495 – $3,750 | $1 / $2 | 2,111 / 2,000 | 1 / 1 | 3 | 3 |
| 6 Beds | $2,935 | $2,895 | $2,595 – $3,495 | $2 / $2 | 2,119 / 1,846 | 1 / 1 | 2 | 5 |
6-Month Sales Trend
Mar 2026
Median Price:$425,000Median DOM:28New:51Total:168
Apr 2026
Median Price:$434,900Median DOM:26New:63Total:195
May 2026
Median Price:$434,000Median DOM:30New:58Total:212
Jun 2026
Median Price:$434,000Median DOM:41New:48Total:208
Jul 2026
Median Price:$449,900Median DOM:53New:43Total:207
Aug 2026
Median Price:$449,900Median DOM:52New:7Total:207
6-Month Rental Trend
Mar 2026
Median Rent:$1,699Median DOM:1New:85Total:172
Apr 2026
Median Rent:$1,795Median DOM:1New:80Total:184
May 2026
Median Rent:$1,600Median DOM:1New:96Total:193
Jun 2026
Median Rent:$1,684Median DOM:1New:89Total:173
Jul 2026
Median Rent:$1,595Median DOM:1New:99Total:180
Aug 2026
Median Rent:$1,595Median DOM:1New:61Total:179
Key Market Takeaways
Median sale prices held steady this month while inventory remained stable. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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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