ZIP 97205 Housing Market Report
Portland Metro
Report period: May 2026
97205 Monthly Market Update – May 2026
ZIP 97205 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$575,000
0.0%
Median DOM (Sales)
79
+21.5%
New Listings (Sales)
0
−100.0%
Median Rent
$1,534
−3.8%
Median DOM (Rental)
1
0.0%
Total Rental Listings
108
−10.7%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (75 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($2,289,900 median)
Sales Market Overview
Median Price
$575,000
0.0%
Median DOM
79
+21.5%
New Listings
0
−100.0%
Inventory
73
−9.9%
- Average Price: $683,124
- Median Price: $575,000
- Price Range: $139,000 – $2,289,900
- Price per Sq Ft (Avg/Median): $497 / $421
- Square Footage (Avg/Median): 1,333 / 1,095
- Square Footage Range: 437 – 4,631
- Days on Market (Avg/Median): 91 / 79
- Days on Market Range: 1 – 309
- New Listings: 0
- Total Listings: 73
Sales by Property Type
Condo
Avg/Median Price$612,335 / $395,000Range$139,000 – $1,900,000Price per Sq Ft$501 / $420Sq Ft1,131 / 1,047DOM83 / 75New0Total66
Land
Avg/Median Price$185,000 / $185,000Range$185,000 – $185,000Price per Sq Ft—Sq Ft—DOM—New0Total1
Multi-Family
Avg/Median Price$1,745,000 / $1,745,000Range$1,745,000 – $1,745,000Price per Sq Ft$380 / $380Sq Ft4,595 / 4,595DOM210 / 210New0Total1
Single Family
Avg/Median Price$1,504,780 / $1,449,000Range$875,000 – $2,289,900Price per Sq Ft$458 / $478Sq Ft3,351 / 3,000DOM165 / 197New0Total5
Sales by Bedroom Count
Studio
Avg:$177,990Median:$149,950Range:$139,000 – $255,000PSF:$358 / $318Sq Ft:492 / 492DOM:101 / 69New:0Total:5
1 Beds
Avg:$508,538Median:$370,000Range:$157,900 – $1,300,000PSF:$521 / $449Sq Ft:901 / 870DOM:70 / 55New:0Total:31
2 Beds
Avg:$728,911Median:$575,000Range:$265,000 – $1,900,000PSF:$497 / $380Sq Ft:1,385 / 1,386DOM:94 / 81New:0Total:28
3 Beds
Avg:$1,427,000Median:$1,475,000Range:$875,000 – $1,775,000PSF:$540 / $515Sq Ft:2,639 / 2,863DOM:144 / 128New:0Total:5
4 Beds
Avg:$1,597,000Median:$1,449,000Range:$1,449,000 – $1,745,000PSF:$354 / $329Sq Ft:4,503 / 4,411DOM:234 / 210New:0Total:2
5 Beds
Avg:$2,289,900Median:$2,289,900Range:$2,289,900 – $2,289,900PSF:$494 / $494Sq Ft:4,631 / 4,631DOM:59 / 59New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $177,990 | $149,950 | $139,000 – $255,000 | $358 / $318 | 492 / 492 | 101 / 69 | 0 | 5 |
| 1 Beds | $508,538 | $370,000 | $157,900 – $1,300,000 | $521 / $449 | 901 / 870 | 70 / 55 | 0 | 31 |
| 2 Beds | $728,911 | $575,000 | $265,000 – $1,900,000 | $497 / $380 | 1,385 / 1,386 | 94 / 81 | 0 | 28 |
| 3 Beds | $1,427,000 | $1,475,000 | $875,000 – $1,775,000 | $540 / $515 | 2,639 / 2,863 | 144 / 128 | 0 | 5 |
| 4 Beds | $1,597,000 | $1,449,000 | $1,449,000 – $1,745,000 | $354 / $329 | 4,503 / 4,411 | 234 / 210 | 0 | 2 |
| 5 Beds | $2,289,900 | $2,289,900 | $2,289,900 – $2,289,900 | $494 / $494 | 4,631 / 4,631 | 59 / 59 | 0 | 1 |
Rental Market Overview
Median Rent
$1,534
−3.8%
Median DOM
1
0.0%
New Listings
36
Inventory
108
−10.7%
- Average Rent: $1,848
- Median Rent: $1,534
- Rent Range: $675 – $8,473
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 695 / 650
- Square Footage Range: 275 – 1,828
- Days on Market (Avg/Median): 29 / 1
- Days on Market Range: 1 – 311
- New Listings: 36
- Total Listings: 108
Rentals by Property Type
Apartment
$1,534
Median DOM: 1
Inventory: 104
MoM: −3.8%
Condo
$1,495
Median DOM: 1
Inventory: 4
MoM: −3.8%
Single Family
—
Median DOM: —
Inventory: —
MoM: −3.8%
Townhouse
—
Median DOM: —
Inventory: —
MoM: −3.8%
Apartment
Avg/Median Rent$1,842 / $1,534Range$675 – $8,473Rent per Sq Ft$3 / $3Sq Ft684 / 650DOM30 / 1New34Total104
Condo
Avg/Median Rent$2,009 / $1,495Range$1,345 – $2,700Rent per Sq Ft$2 / $2Sq Ft968 / 900DOM10 / 1New2Total4
Rentals by Bedroom Count
Studio
Avg:$1,297Median:$1,235Range:$675 – $2,624PSF:$3 / $3Sq Ft:480 / 487DOM:65 / 1New:13Total:41
1 Beds
Avg:$1,707Median:$1,545Range:$945 – $2,535PSF:$3 / $2Sq Ft:668 / 650DOM:13 / 1New:17Total:44
2 Beds
Avg:$2,520Median:$1,945Range:$1,395 – $8,473PSF:$2 / $2Sq Ft:1,008 / 940DOM:3 / 1New:4Total:19
3 Beds
Avg:$5,856Median:$5,819Range:$2,595 – $7,697PSF:$4 / $4Sq Ft:1,582 / 1,375DOM:10 / 1New:2Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,297 | $1,235 | $675 – $2,624 | $3 / $3 | 480 / 487 | 65 / 1 | 13 | 41 |
| 1 Beds | $1,707 | $1,545 | $945 – $2,535 | $3 / $2 | 668 / 650 | 13 / 1 | 17 | 44 |
| 2 Beds | $2,520 | $1,945 | $1,395 – $8,473 | $2 / $2 | 1,008 / 940 | 3 / 1 | 4 | 19 |
| 3 Beds | $5,856 | $5,819 | $2,595 – $7,697 | $4 / $4 | 1,582 / 1,375 | 10 / 1 | 2 | 4 |
6-Month Sales Trend
Dec 2025
Median Price:$375,000Median DOM:138New:5Total:50
Jan 2026
Median Price:$349,000Median DOM:114New:9Total:50
Feb 2026
Median Price:$389,000Median DOM:47New:27Total:72
Mar 2026
Median Price:$625,000Median DOM:41New:16Total:75
Apr 2026
Median Price:$575,000Median DOM:65New:12Total:81
May 2026
Median Price:$575,000Median DOM:79New:0Total:73
6-Month Rental Trend
Dec 2025
Median Rent:$1,578Median DOM:1New:82Total:121
Jan 2026
Median Rent:$1,519Median DOM:1New:90Total:138
Feb 2026
Median Rent:$1,642Median DOM:1New:61Total:151
Mar 2026
Median Rent:$1,557Median DOM:1New:53Total:116
Apr 2026
Median Rent:$1,595Median DOM:1New:56Total:121
May 2026
Median Rent:$1,534Median DOM:1New:36Total:108
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. 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.
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