ZIP 97203 Housing Market Report
Portland Metro
Report period: May 2026
97203 Monthly Market Update – May 2026
ZIP 97203 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$434,900
0.0%
Median DOM (Sales)
26
0.0%
New Listings (Sales)
18
−71.4%
Median Rent
$1,702
−5.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
197
+7.1%
Month-over-Month Movement
Median sale prices were flat. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (19 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 7 Beds ($1,899,000 median)
Sales Market Overview
Median Price
$434,900
0.0%
Median DOM
26
0.0%
New Listings
18
−71.4%
Inventory
199
+2.1%
- Average Price: $447,086
- Median Price: $434,900
- Price Range: $65,000 – $1,899,000
- Price per Sq Ft (Avg/Median): $325 / $319
- Square Footage (Avg/Median): 1,499 / 1,336
- Square Footage Range: 436 – 7,500
- Days on Market (Avg/Median): 60 / 26
- Days on Market Range: 1 – 365
- New Listings: 18
- Total Listings: 199
Sales by Property Type
Condo
Avg/Median Price$279,707 / $275,000Range$169,000 – $536,500Price per Sq Ft$330 / $323Sq Ft872 / 910DOM74 / 50New3Total40
Land
Avg/Median Price$239,900 / $250,000Range$65,000 – $390,000Price per Sq Ft—Sq Ft—DOM51 / 24New1Total10
Multi-Family
Avg/Median Price$997,725 / $745,000Range$549,900 – $1,899,000Price per Sq Ft$281 / $253Sq Ft3,703 / 3,576DOM61 / 54New1Total12
Single Family
Avg/Median Price$476,199 / $469,900Range$149,950 – $899,900Price per Sq Ft$328 / $318Sq Ft1,547 / 1,446DOM52 / 19New13Total122
Townhouse
Avg/Median Price$354,247 / $345,000Range$299,900 – $439,900Price per Sq Ft$321 / $324Sq Ft1,154 / 1,145DOM97 / 66New0Total15
Sales by Bedroom Count
1 Beds
Avg:$223,215Median:$212,000Range:$169,000 – $330,000PSF:$380 / $381Sq Ft:595 / 560DOM:42 / 34New:1Total:13
2 Beds
Avg:$372,579Median:$339,900Range:$149,950 – $1,725,000PSF:$340 / $324Sq Ft:1,149 / 943DOM:88 / 66New:4Total:71
3 Beds
Avg:$473,869Median:$465,000Range:$275,000 – $750,000PSF:$328 / $321Sq Ft:1,510 / 1,408DOM:35 / 13New:10Total:68
4 Beds
Avg:$620,334Median:$555,555Range:$350,000 – $1,799,900PSF:$284 / $289Sq Ft:2,169 / 2,080DOM:74 / 24New:2Total:22
5 Beds
Avg:$597,533Median:$615,000Range:$350,000 – $745,000PSF:$239 / $247Sq Ft:2,535 / 2,405DOM:48 / 18New:0Total:9
6 Beds
Avg:$599,950Median:$599,900Range:$599,900 – $600,000PSF:$246 / $242Sq Ft:2,443 / 2,402DOM:48 / 41New: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:$956,333Median:$899,000Range:$875,000 – $1,095,000PSF:$260 / $253Sq Ft:3,695 / 3,576DOM:48 / 52New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $223,215 | $212,000 | $169,000 – $330,000 | $380 / $381 | 595 / 560 | 42 / 34 | 1 | 13 |
| 2 Beds | $372,579 | $339,900 | $149,950 – $1,725,000 | $340 / $324 | 1,149 / 943 | 88 / 66 | 4 | 71 |
| 3 Beds | $473,869 | $465,000 | $275,000 – $750,000 | $328 / $321 | 1,510 / 1,408 | 35 / 13 | 10 | 68 |
| 4 Beds | $620,334 | $555,555 | $350,000 – $1,799,900 | $284 / $289 | 2,169 / 2,080 | 74 / 24 | 2 | 22 |
| 5 Beds | $597,533 | $615,000 | $350,000 – $745,000 | $239 / $247 | 2,535 / 2,405 | 48 / 18 | 0 | 9 |
| 6 Beds | $599,950 | $599,900 | $599,900 – $600,000 | $246 / $242 | 2,443 / 2,402 | 48 / 41 | 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 | $956,333 | $899,000 | $875,000 – $1,095,000 | $260 / $253 | 3,695 / 3,576 | 48 / 52 | 0 | 3 |
Rental Market Overview
Median Rent
$1,702
−5.2%
Median DOM
1
0.0%
New Listings
70
Inventory
197
+7.1%
- Average Rent: $1,960
- Median Rent: $1,702
- Rent Range: $740 – $5,995
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 975 / 800
- Square Footage Range: 300 – 3,540
- Days on Market (Avg/Median): 33 / 1
- Days on Market Range: 1 – 344
- New Listings: 70
- Total Listings: 197
Rentals by Property Type
Apartment
$1,449
Median DOM: 4
Inventory: 99
MoM: −5.2%
Condo
$1,695
Median DOM: 1
Inventory: 12
MoM: −5.2%
Single Family
$2,495
Median DOM: 1
Inventory: 72
MoM: −5.2%
Townhouse
$2,295
Median DOM: 1
Inventory: 11
MoM: −5.2%
Apartment
Avg/Median Rent$1,491 / $1,449Range$995 – $2,895Rent per Sq Ft$2 / $2Sq Ft672 / 624DOM59 / 4New34Total99
Condo
Avg/Median Rent$1,689 / $1,695Range$1,095 – $2,495Rent per Sq Ft$2 / $2Sq Ft781 / 750DOM42 / 1New4Total12
Multi-Family
Avg/Median Rent$2,513 / $2,295Range$1,850 – $3,395Rent per Sq Ft$2 / $2Sq Ft1,741 / 1,363DOM22 / 32New1Total3
Single Family
Avg/Median Rent$2,547 / $2,495Range$740 – $5,825Rent per Sq Ft$2 / $2Sq Ft1,370 / 1,300DOM4 / 1New28Total72
Townhouse
Avg/Median Rent$2,482 / $2,295Range$1,450 – $5,995Rent per Sq Ft$3 / $2Sq Ft1,125 / 896DOM7 / 1New3Total11
Rentals by Bedroom Count
Studio
Avg:$1,188Median:$1,150Range:$995 – $1,600PSF:$3 / $3Sq Ft:407 / 400DOM:58 / 7New:5Total:20
1 Beds
Avg:$1,383Median:$1,399Range:$740 – $1,995PSF:$2 / $3Sq Ft:614 / 550DOM:48 / 1New:13Total:49
2 Beds
Avg:$1,798Median:$1,712Range:$1,100 – $2,695PSF:$2 / $2Sq Ft:860 / 809DOM:37 / 1New:28Total:69
3 Beds
Avg:$2,774Median:$2,595Range:$1,850 – $5,995PSF:$2 / $2Sq Ft:1,459 / 1,425DOM:13 / 1New:16Total:45
4 Beds
Avg:$3,355Median:$2,895Range:$2,595 – $4,950PSF:$2 / $2Sq Ft:1,892 / 1,970DOM:1 / 1New:2Total:6
5 Beds
Avg:$3,177Median:$2,995Range:$2,395 – $4,000PSF:$1 / $2Sq Ft:2,119 / 1,962DOM:1 / 1New:4Total:5
6 Beds
Avg:$3,230Median:$3,395Range:$2,695 – $3,600PSF:$2 / $2Sq Ft:2,133 / 1,800DOM:1 / 1New:2Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,188 | $1,150 | $995 – $1,600 | $3 / $3 | 407 / 400 | 58 / 7 | 5 | 20 |
| 1 Beds | $1,383 | $1,399 | $740 – $1,995 | $2 / $3 | 614 / 550 | 48 / 1 | 13 | 49 |
| 2 Beds | $1,798 | $1,712 | $1,100 – $2,695 | $2 / $2 | 860 / 809 | 37 / 1 | 28 | 69 |
| 3 Beds | $2,774 | $2,595 | $1,850 – $5,995 | $2 / $2 | 1,459 / 1,425 | 13 / 1 | 16 | 45 |
| 4 Beds | $3,355 | $2,895 | $2,595 – $4,950 | $2 / $2 | 1,892 / 1,970 | 1 / 1 | 2 | 6 |
| 5 Beds | $3,177 | $2,995 | $2,395 – $4,000 | $1 / $2 | 2,119 / 1,962 | 1 / 1 | 4 | 5 |
| 6 Beds | $3,230 | $3,395 | $2,695 – $3,600 | $2 / $2 | 2,133 / 1,800 | 1 / 1 | 2 | 3 |
6-Month Sales Trend
Dec 2025
Median Price:$419,900Median DOM:62New:17Total:155
Jan 2026
Median Price:$429,900Median DOM:57New:49Total:158
Feb 2026
Median Price:$425,000Median DOM:37New:31Total:154
Mar 2026
Median Price:$425,000Median DOM:28New:51Total:168
Apr 2026
Median Price:$434,900Median DOM:26New:63Total:195
May 2026
Median Price:$434,900Median DOM:26New:18Total:199
6-Month Rental Trend
Dec 2025
Median Rent:$1,595Median DOM:1New:89Total:206
Jan 2026
Median Rent:$1,585Median DOM:1New:89Total:181
Feb 2026
Median Rent:$1,585Median DOM:1New:80Total:189
Mar 2026
Median Rent:$1,699Median DOM:1New:85Total:172
Apr 2026
Median Rent:$1,795Median DOM:1New:80Total:184
May 2026
Median Rent:$1,702Median DOM:1New:70Total:197
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market were unchanged, signaling steady 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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