ZIP 97203 Housing Market Report
Portland Metro
Report period: July 2026
97203 Monthly Market Update – July 2026
ZIP 97203 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$430,000
−0.9%
Median DOM (Sales)
45
+9.8%
New Listings (Sales)
7
−85.4%
Median Rent
$1,650
−2.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
184
+6.4%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (26 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($1,899,000 median)
Sales Market Overview
Median Price
$430,000
−0.9%
Median DOM
45
+9.8%
New Listings
7
−85.4%
Inventory
210
+1.0%
- Average Price: $461,588
- Median Price: $430,000
- Price Range: $59,900 – $1,899,000
- Price per Sq Ft (Avg/Median): $325 / $314
- Square Footage (Avg/Median): 1,533 / 1,337
- Square Footage Range: 440 – 7,500
- Days on Market (Avg/Median): 69 / 45
- Days on Market Range: 1 – 331
- New Listings: 7
- Total Listings: 210
Sales by Property Type
Condo
Avg/Median Price$281,279 / $269,900Range$175,000 – $529,000Price per Sq Ft$320 / $317Sq Ft903 / 909DOM107 / 92New1Total34
Land
Avg/Median Price$294,856 / $299,000Range$59,900 – $694,900Price per Sq Ft—Sq Ft—DOM63 / 52New0Total9
Multi-Family
Avg/Median Price$934,823 / $699,999Range$495,000 – $1,899,000Price per Sq Ft$272 / $253Sq Ft3,706 / 3,576DOM90 / 83New0Total13
Single Family
Avg/Median Price$483,176 / $460,000Range$149,950 – $1,150,000Price per Sq Ft$334 / $330Sq Ft1,542 / 1,440DOM56 / 26New6Total137
Townhouse
Avg/Median Price$374,624 / $359,900Range$295,000 – $549,900Price per Sq Ft$301 / $312Sq Ft1,312 / 1,178DOM98 / 80New0Total17
Sales by Bedroom Count
1 Beds
Avg:$231,000Median:$212,000Range:$175,000 – $330,000PSF:$372 / $364Sq Ft:632 / 583DOM:101 / 92New:0Total:8
2 Beds
Avg:$368,989Median:$349,000Range:$149,950 – $1,650,000PSF:$346 / $331Sq Ft:1,119 / 940DOM:102 / 70New:3Total:71
3 Beds
Avg:$479,088Median:$458,000Range:$230,900 – $1,150,000PSF:$324 / $312Sq Ft:1,540 / 1,440DOM:38 / 24New:2Total:83
4 Beds
Avg:$620,465Median:$579,000Range:$399,000 – $1,799,900PSF:$287 / $282Sq Ft:2,191 / 2,101DOM:73 / 33New:2Total:27
5 Beds
Avg:$634,128Median:$595,000Range:$350,000 – $985,000PSF:$247 / $243Sq Ft:2,610 / 2,522DOM:59 / 57New:0Total:7
6 Beds
Avg:$599,900Median:$599,900Range:$599,900 – $599,900PSF:$242 / $242Sq Ft:2,484 / 2,484DOM:119 / 119New:0Total:1
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:108 / 112New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $231,000 | $212,000 | $175,000 – $330,000 | $372 / $364 | 632 / 583 | 101 / 92 | 0 | 8 |
| 2 Beds | $368,989 | $349,000 | $149,950 – $1,650,000 | $346 / $331 | 1,119 / 940 | 102 / 70 | 3 | 71 |
| 3 Beds | $479,088 | $458,000 | $230,900 – $1,150,000 | $324 / $312 | 1,540 / 1,440 | 38 / 24 | 2 | 83 |
| 4 Beds | $620,465 | $579,000 | $399,000 – $1,799,900 | $287 / $282 | 2,191 / 2,101 | 73 / 33 | 2 | 27 |
| 5 Beds | $634,128 | $595,000 | $350,000 – $985,000 | $247 / $243 | 2,610 / 2,522 | 59 / 57 | 0 | 7 |
| 6 Beds | $599,900 | $599,900 | $599,900 – $599,900 | $242 / $242 | 2,484 / 2,484 | 119 / 119 | 0 | 1 |
| 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 | 108 / 112 | 0 | 3 |
Rental Market Overview
Median Rent
$1,650
−2.0%
Median DOM
1
0.0%
New Listings
67
Inventory
184
+6.4%
- Average Rent: $1,937
- Median Rent: $1,650
- Rent Range: $710 – $5,995
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 957 / 781
- Square Footage Range: 297 – 3,445
- Days on Market (Avg/Median): 23 / 1
- Days on Market Range: 1 – 309
- New Listings: 67
- Total Listings: 184
Rentals by Property Type
Apartment
$1,450
Median DOM: 1
Inventory: 102
MoM: −2.0%
Condo
$1,850
Median DOM: 1
Inventory: 17
MoM: −2.0%
Single Family
$2,573
Median DOM: 1
Inventory: 58
MoM: −2.0%
Townhouse
$2,695
Median DOM: 1
Inventory: 5
MoM: −2.0%
Apartment
Avg/Median Rent$1,509 / $1,450Range$895 – $5,995Rent per Sq Ft$2 / $2Sq Ft659 / 610DOM38 / 1New34Total102
Condo
Avg/Median Rent$1,794 / $1,850Range$995 – $3,090Rent per Sq Ft$2 / $2Sq Ft951 / 750DOM21 / 1New7Total17
Multi-Family
Avg/Median Rent$2,545 / $2,095Range$2,095 – $2,995Rent per Sq Ft$2 / $1Sq Ft1,950 / 900DOM13 / 1New1Total2
Single Family
Avg/Median Rent$2,593 / $2,573Range$710 – $5,699Rent per Sq Ft$2 / $2Sq Ft1,388 / 1,296DOM2 / 1New22Total58
Townhouse
Avg/Median Rent$3,314 / $2,695Range$2,295 – $5,995Rent per Sq Ft$2 / $2Sq Ft1,675 / 1,600DOM1 / 1New3Total5
Rentals by Bedroom Count
Studio
Avg:$1,154Median:$1,175Range:$895 – $1,341PSF:$3 / $3Sq Ft:410 / 412DOM:45 / 1New:9Total:25
1 Beds
Avg:$1,353Median:$1,395Range:$710 – $1,800PSF:$2 / $2Sq Ft:587 / 575DOM:37 / 1New:15Total:41
2 Beds
Avg:$1,869Median:$1,768Range:$1,100 – $2,695PSF:$2 / $2Sq Ft:854 / 815DOM:23 / 1New:24Total:73
3 Beds
Avg:$2,960Median:$2,795Range:$1,495 – $5,995PSF:$2 / $2Sq Ft:1,586 / 1,576DOM:3 / 1New:9Total:28
4 Beds
Avg:$3,138Median:$3,095Range:$2,400 – $3,695PSF:$2 / $2Sq Ft:1,962 / 1,970DOM:2 / 1New:2Total:6
5 Beds
Avg:$3,147Median:$2,995Range:$2,495 – $4,000PSF:$1 / $2Sq Ft:2,127 / 2,000DOM:1 / 1New:3Total:5
6 Beds
Avg:$3,046Median:$2,895Range:$2,595 – $3,600PSF:$2 / $2Sq Ft:2,066 / 1,800DOM:1 / 1New:5Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,154 | $1,175 | $895 – $1,341 | $3 / $3 | 410 / 412 | 45 / 1 | 9 | 25 |
| 1 Beds | $1,353 | $1,395 | $710 – $1,800 | $2 / $2 | 587 / 575 | 37 / 1 | 15 | 41 |
| 2 Beds | $1,869 | $1,768 | $1,100 – $2,695 | $2 / $2 | 854 / 815 | 23 / 1 | 24 | 73 |
| 3 Beds | $2,960 | $2,795 | $1,495 – $5,995 | $2 / $2 | 1,586 / 1,576 | 3 / 1 | 9 | 28 |
| 4 Beds | $3,138 | $3,095 | $2,400 – $3,695 | $2 / $2 | 1,962 / 1,970 | 2 / 1 | 2 | 6 |
| 5 Beds | $3,147 | $2,995 | $2,495 – $4,000 | $1 / $2 | 2,127 / 2,000 | 1 / 1 | 3 | 5 |
| 6 Beds | $3,046 | $2,895 | $2,595 – $3,600 | $2 / $2 | 2,066 / 1,800 | 1 / 1 | 5 | 6 |
6-Month Sales Trend
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:$434,000Median DOM:30New:58Total:212
Jun 2026
Median Price:$434,000Median DOM:41New:48Total:208
Jul 2026
Median Price:$430,000Median DOM:45New:7Total:210
6-Month Rental Trend
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:$1,600Median DOM:1New:96Total:193
Jun 2026
Median Rent:$1,684Median DOM:1New:89Total:173
Jul 2026
Median Rent:$1,650Median DOM:1New:67Total:184
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower 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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