ZIP 97206 Housing Market Report
Portland Metro
Report period: May 2026
97206 Monthly Market Update – May 2026
ZIP 97206 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$450,000
0.0%
Median DOM (Sales)
24
−4.0%
New Listings (Sales)
33
−60.7%
Median Rent
$1,590
+1.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
224
−1.8%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (14 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($1,499,900 median)
Sales Market Overview
Median Price
$450,000
0.0%
Median DOM
24
−4.0%
New Listings
33
−60.7%
Inventory
303
+3.4%
- Average Price: $496,171
- Median Price: $450,000
- Price Range: $29,300 – $1,724,900
- Price per Sq Ft (Avg/Median): $348 / $344
- Square Footage (Avg/Median): 1,520 / 1,344
- Square Footage Range: 364 – 4,282
- Days on Market (Avg/Median): 52 / 24
- Days on Market Range: 1 – 325
- New Listings: 33
- Total Listings: 303
Sales by Property Type
Condo
Avg/Median Price$374,481 / $345,000Range$180,000 – $799,900Price per Sq Ft$359 / $338Sq Ft1,098 / 920DOM71 / 65New0Total40
Land
Avg/Median Price$509,217 / $295,000Range$180,000 – $1,600,000Price per Sq Ft—Sq Ft—DOM153 / 107New0Total9
Manufactured
Avg/Median Price$290,300 / $369,900Range$29,300 – $479,900Price per Sq Ft$226 / $263Sq Ft1,111 / 1,306DOM71 / 53New0Total5
Multi-Family
Avg/Median Price$879,108 / $759,000Range$440,000 – $1,724,900Price per Sq Ft$336 / $336Sq Ft2,786 / 2,181DOM79 / 55New3Total18
Single Family
Avg/Median Price$501,885 / $485,000Range$269,000 – $1,650,000Price per Sq Ft$352 / $351Sq Ft1,551 / 1,418DOM40 / 14New30Total214
Townhouse
Avg/Median Price$358,762 / $349,900Range$283,000 – $459,900Price per Sq Ft$321 / $319Sq Ft1,132 / 1,071DOM81 / 68New0Total17
Sales by Bedroom Count
Studio
Avg:$199,999Median:$199,999Range:$199,999 – $199,999PSF:$549 / $549Sq Ft:364 / 364DOM:67 / 67New:0Total:1
1 Beds
Avg:$245,350Median:$279,000Range:$29,300 – $389,000PSF:$376 / $425Sq Ft:644 / 624DOM:31 / 29New:1Total:6
2 Beds
Avg:$390,766Median:$385,000Range:$269,000 – $775,000PSF:$384 / $384Sq Ft:1,064 / 932DOM:54 / 31New:8Total:104
3 Beds
Avg:$490,635Median:$485,000Range:$102,500 – $1,699,950PSF:$345 / $344Sq Ft:1,480 / 1,358DOM:43 / 18New:16Total:113
4 Beds
Avg:$579,316Median:$559,000Range:$315,000 – $875,000PSF:$282 / $282Sq Ft:2,105 / 2,085DOM:46 / 8New:6Total:47
5 Beds
Avg:$786,383Median:$724,000Range:$399,900 – $1,650,000PSF:$296 / $288Sq Ft:2,669 / 2,622DOM:49 / 22New:2Total:12
6 Beds
Avg:$784,917Median:$799,900Range:$499,900 – $895,000PSF:$298 / $265Sq Ft:2,776 / 2,366DOM:84 / 53New:0Total:6
7 Beds
Avg:$849,900Median:$849,900Range:$849,900 – $849,900PSF:$240 / $240Sq Ft:3,536 / 3,536DOM:22 / 22New:0Total:1
8 Beds
Avg:$1,444,925Median:$1,499,900Range:$839,999 – $1,724,900PSF:$373 / $400Sq Ft:3,832 / 3,464DOM:143 / 86New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $199,999 | $199,999 | $199,999 – $199,999 | $549 / $549 | 364 / 364 | 67 / 67 | 0 | 1 |
| 1 Beds | $245,350 | $279,000 | $29,300 – $389,000 | $376 / $425 | 644 / 624 | 31 / 29 | 1 | 6 |
| 2 Beds | $390,766 | $385,000 | $269,000 – $775,000 | $384 / $384 | 1,064 / 932 | 54 / 31 | 8 | 104 |
| 3 Beds | $490,635 | $485,000 | $102,500 – $1,699,950 | $345 / $344 | 1,480 / 1,358 | 43 / 18 | 16 | 113 |
| 4 Beds | $579,316 | $559,000 | $315,000 – $875,000 | $282 / $282 | 2,105 / 2,085 | 46 / 8 | 6 | 47 |
| 5 Beds | $786,383 | $724,000 | $399,900 – $1,650,000 | $296 / $288 | 2,669 / 2,622 | 49 / 22 | 2 | 12 |
| 6 Beds | $784,917 | $799,900 | $499,900 – $895,000 | $298 / $265 | 2,776 / 2,366 | 84 / 53 | 0 | 6 |
| 7 Beds | $849,900 | $849,900 | $849,900 – $849,900 | $240 / $240 | 3,536 / 3,536 | 22 / 22 | 0 | 1 |
| 8 Beds | $1,444,925 | $1,499,900 | $839,999 – $1,724,900 | $373 / $400 | 3,832 / 3,464 | 143 / 86 | 0 | 4 |
Rental Market Overview
Median Rent
$1,590
+1.0%
Median DOM
1
0.0%
New Listings
70
Inventory
224
−1.8%
- Average Rent: $1,773
- Median Rent: $1,590
- Rent Range: $1,025 – $4,100
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 810 / 727
- Square Footage Range: 300 – 3,496
- Days on Market (Avg/Median): 29 / 1
- Days on Market Range: 1 – 360
- New Listings: 70
- Total Listings: 224
Rentals by Property Type
Apartment
$1,395
Median DOM: 1
Inventory: 141
MoM: +1.0%
Condo
$1,949
Median DOM: 1
Inventory: 16
MoM: +1.0%
Single Family
$2,395
Median DOM: 1
Inventory: 59
MoM: +1.0%
Townhouse
$1,645
Median DOM: 1
Inventory: 8
MoM: +1.0%
Apartment
Avg/Median Rent$1,498 / $1,395Range$1,025 – $3,600Rent per Sq Ft$3 / $3Sq Ft638 / 588DOM40 / 1New41Total141
Condo
Avg/Median Rent$1,943 / $1,949Range$1,249 – $2,780Rent per Sq Ft$2 / $2Sq Ft861 / 872DOM12 / 1New7Total16
Single Family
Avg/Median Rent$2,376 / $2,395Range$1,100 – $4,100Rent per Sq Ft$2 / $2Sq Ft1,173 / 1,056DOM11 / 1New17Total59
Townhouse
Avg/Median Rent$1,830 / $1,645Range$1,100 – $2,780Rent per Sq Ft$2 / $2Sq Ft1,058 / 900DOM1 / 1New5Total8
Rentals by Bedroom Count
Studio
Avg:$1,298Median:$1,295Range:$1,025 – $1,590PSF:$3 / $3Sq Ft:432 / 438DOM:5 / 1New:13Total:39
1 Beds
Avg:$1,455Median:$1,400Range:$1,099 – $2,500PSF:$3 / $2Sq Ft:604 / 600DOM:51 / 1New:24Total:77
2 Beds
Avg:$1,879Median:$1,795Range:$1,275 – $3,200PSF:$2 / $2Sq Ft:879 / 860DOM:29 / 1New:21Total:63
3 Beds
Avg:$2,536Median:$2,495Range:$1,575 – $4,100PSF:$2 / $2Sq Ft:1,377 / 1,310DOM:9 / 1New:11Total:41
4 Beds
Avg:$3,035Median:$2,800Range:$2,495 – $3,695PSF:$2 / $2Sq Ft:1,617 / 1,556DOM:1 / 1New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,298 | $1,295 | $1,025 – $1,590 | $3 / $3 | 432 / 438 | 5 / 1 | 13 | 39 |
| 1 Beds | $1,455 | $1,400 | $1,099 – $2,500 | $3 / $2 | 604 / 600 | 51 / 1 | 24 | 77 |
| 2 Beds | $1,879 | $1,795 | $1,275 – $3,200 | $2 / $2 | 879 / 860 | 29 / 1 | 21 | 63 |
| 3 Beds | $2,536 | $2,495 | $1,575 – $4,100 | $2 / $2 | 1,377 / 1,310 | 9 / 1 | 11 | 41 |
| 4 Beds | $3,035 | $2,800 | $2,495 – $3,695 | $2 / $2 | 1,617 / 1,556 | 1 / 1 | 1 | 4 |
6-Month Sales Trend
Dec 2025
Median Price:$444,900Median DOM:67New:33Total:230
Jan 2026
Median Price:$445,000Median DOM:45New:68Total:224
Feb 2026
Median Price:$449,000Median DOM:36New:69Total:246
Mar 2026
Median Price:$449,900Median DOM:29New:74Total:270
Apr 2026
Median Price:$450,000Median DOM:25New:84Total:293
May 2026
Median Price:$450,000Median DOM:24New:33Total:303
6-Month Rental Trend
Dec 2025
Median Rent:$1,600Median DOM:1New:121Total:213
Jan 2026
Median Rent:$1,550Median DOM:1New:125Total:227
Feb 2026
Median Rent:$1,515Median DOM:1New:120Total:241
Mar 2026
Median Rent:$1,575Median DOM:1New:118Total:222
Apr 2026
Median Rent:$1,575Median DOM:1New:118Total:228
May 2026
Median Rent:$1,590Median DOM:1New:70Total:224
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing increased, 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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