ZIP 97204 Housing Market Report
Portland Metro
Report period: August 2026
97204 Monthly Market Update – August 2026
ZIP 97204 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$599,000
0.0%
Median DOM (Sales)
114
0.0%
New Listings (Sales)
0
0
Median Rent
$1,360
−1.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
18
−5.3%
Month-over-Month Movement
Median sale prices were flat. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (72 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 3 Beds ($599,000 median)
Sales Market Overview
Median Price
$599,000
0.0%
Median DOM
114
0.0%
New Listings
0
0
Inventory
3
0.0%
- Average Price: $1,483,000
- Median Price: $599,000
- Price Range: $350,000 – $3,500,000
- Price per Sq Ft (Avg/Median): $286 / $283
- Square Footage (Avg/Median): 1,654 / 1,235
- Square Footage Range: 1,235 – 2,074
- Days on Market (Avg/Median): 109 / 114
- Days on Market Range: 72 – 140
- New Listings: 0
- Total Listings: 3
Sales by Property Type
Condo
Avg/Median Price$474,500 / $350,000Range$350,000 – $599,000Price per Sq Ft$286 / $283Sq Ft1,654 / 1,235DOM93 / 72New0Total2
Land
Avg/Median Price$3,500,000 / $3,500,000Range$3,500,000 – $3,500,000Price per Sq Ft—Sq Ft—DOM140 / 140New0Total1
Sales by Bedroom Count
2 Beds
Avg:$350,000Median:$350,000Range:$350,000 – $350,000PSF:$283 / $283Sq Ft:1,235 / 1,235DOM:72 / 72New:0Total:1
3 Beds
Avg:$599,000Median:$599,000Range:$599,000 – $599,000PSF:$289 / $289Sq Ft:2,074 / 2,074DOM:114 / 114New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $350,000 | $350,000 | $350,000 – $350,000 | $283 / $283 | 1,235 / 1,235 | 72 / 72 | 0 | 1 |
| 3 Beds | $599,000 | $599,000 | $599,000 – $599,000 | $289 / $289 | 2,074 / 2,074 | 114 / 114 | 0 | 1 |
Rental Market Overview
Median Rent
$1,360
−1.1%
Median DOM
1
0.0%
New Listings
9
Inventory
18
−5.3%
- Average Rent: $1,503
- Median Rent: $1,360
- Rent Range: $1,360 – $1,949
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 493 / 447
- Square Footage Range: 405 – 594
- Days on Market (Avg/Median): 1 / 1
- Days on Market Range: 1 – 1
- New Listings: 9
- Total Listings: 18
Rentals by Property Type
Apartment
$1,360
Median DOM: 1
Inventory: 18
MoM: −1.1%
Condo
—
Median DOM: —
Inventory: —
MoM: −1.1%
Single Family
—
Median DOM: —
Inventory: —
MoM: −1.1%
Townhouse
—
Median DOM: —
Inventory: —
MoM: −1.1%
Apartment
Avg/Median Rent$1,503 / $1,360Range$1,360 – $1,949Rent per Sq Ft$3 / $3Sq Ft493 / 447DOM1 / 1New9Total18
Rentals by Bedroom Count
Studio
Avg:$1,384Median:$1,360Range:$1,360 – $1,596PSF:$3 / $3Sq Ft:442 / 431DOM:1 / 1New:7Total:10
1 Beds
Avg:$1,652Median:$1,599Range:$1,579 – $1,949PSF:$3 / $3Sq Ft:556 / 566DOM:1 / 1New:2Total:8
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,384 | $1,360 | $1,360 – $1,596 | $3 / $3 | 442 / 431 | 1 / 1 | 7 | 10 |
| 1 Beds | $1,652 | $1,599 | $1,579 – $1,949 | $3 / $3 | 556 / 566 | 1 / 1 | 2 | 8 |
6-Month Sales Trend
Mar 2026
Median Price:$650,000Median DOM:8New:3Total:3
Apr 2026
Median Price:$650,000Median DOM:38New:0Total:3
May 2026
Median Price:$599,000Median DOM:69New:0Total:2
Jun 2026
Median Price:$599,000Median DOM:99New:0Total:3
Jul 2026
Median Price:$599,000Median DOM:114New:0Total:3
Aug 2026
Median Price:$599,000Median DOM:114New:0Total:3
6-Month Rental Trend
Mar 2026
Median Rent:$1,693Median DOM:1New:15Total:22
Apr 2026
Median Rent:$1,699Median DOM:1New:20Total:23
May 2026
Median Rent:$1,599Median DOM:1New:16Total:21
Jun 2026
Median Rent:$1,599Median DOM:1New:17Total:24
Jul 2026
Median Rent:$1,375Median DOM:1New:13Total:19
Aug 2026
Median Rent:$1,360Median DOM:1New:9Total:18
Key Market Takeaways
Median sale prices held steady this month while inventory remained stable. Days on market were unchanged, signaling steady 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