ZIP 97206 Housing Market Report
Portland Metro
Report period: August 2026
97206 Monthly Market Update – August 2026
ZIP 97206 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$449,000
0.0%
Median DOM (Sales)
40
−7.0%
New Listings (Sales)
22
−66.2%
Median Rent
$1,550
−1.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
227
+1.8%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (28 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($1,499,900 median)
Sales Market Overview
Median Price
$449,000
0.0%
Median DOM
40
−7.0%
New Listings
22
−66.2%
Inventory
313
+1.0%
- Average Price: $504,386
- Median Price: $449,000
- Price Range: $19,900 – $4,313,900
- Price per Sq Ft (Avg/Median): $338 / $335
- Square Footage (Avg/Median): 1,577 / 1,344
- Square Footage Range: 364 – 11,578
- Days on Market (Avg/Median): 62 / 40
- Days on Market Range: 1 – 362
- New Listings: 22
- Total Listings: 313
Sales by Property Type
Condo
Avg/Median Price$369,222 / $335,000Range$180,000 – $789,900Price per Sq Ft$344 / $334Sq Ft1,115 / 1,075DOM76 / 60New4Total53
Land
Avg/Median Price$299,100 / $225,000Range$170,000 – $599,000Price per Sq Ft—Sq Ft—DOM161 / 165New0Total9
Manufactured
Avg/Median Price$103,867 / $43,000Range$19,900 – $354,900Price per Sq Ft$102 / $75Sq Ft806 / 576DOM82 / 69New0Total6
Multi-Family
Avg/Median Price$1,024,969 / $684,900Range$400,000 – $4,313,900Price per Sq Ft$309 / $300Sq Ft3,206 / 2,324DOM100 / 76New2Total21
Single Family
Avg/Median Price$517,310 / $485,000Range$222,000 – $2,375,000Price per Sq Ft$347 / $344Sq Ft1,591 / 1,397DOM48 / 28New13Total209
Townhouse
Avg/Median Price$356,453 / $349,900Range$269,950 – $449,000Price per Sq Ft$313 / $312Sq Ft1,148 / 1,071DOM91 / 67New3Total15
Sales by Bedroom Count
1 Beds
Avg:$255,073Median:$275,000Range:$24,900 – $410,000PSF:$332 / $360Sq Ft:792 / 656DOM:37 / 23New:0Total:11
2 Beds
Avg:$389,533Median:$385,000Range:$19,900 – $775,000PSF:$380 / $379Sq Ft:1,060 / 960DOM:69 / 50New:6Total:90
3 Beds
Avg:$468,205Median:$465,000Range:$85,000 – $1,599,950PSF:$334 / $329Sq Ft:1,439 / 1,348DOM:52 / 34New:12Total:133
4 Beds
Avg:$606,662Median:$580,000Range:$349,000 – $1,075,000PSF:$277 / $286Sq Ft:2,225 / 2,149DOM:52 / 23New:2Total:48
5 Beds
Avg:$847,090Median:$715,000Range:$475,000 – $1,650,000PSF:$294 / $304Sq Ft:2,929 / 3,114DOM:43 / 27New:1Total:10
6 Beds
Avg:$1,564,283Median:$699,900Range:$499,900 – $4,313,900PSF:$335 / $257Sq Ft:4,342 / 2,922DOM:106 / 76New:0Total:6
7 Beds
Avg:$829,888Median:$829,888Range:$829,888 – $829,888PSF:$235 / $235Sq Ft:3,536 / 3,536DOM:113 / 113New:0Total:1
8 Beds
Avg:$1,447,920Median:$1,499,900Range:$839,999 – $1,724,900PSF:$367 / $400Sq Ft:3,920 / 4,271DOM:176 / 177New:1Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $255,073 | $275,000 | $24,900 – $410,000 | $332 / $360 | 792 / 656 | 37 / 23 | 0 | 11 |
| 2 Beds | $389,533 | $385,000 | $19,900 – $775,000 | $380 / $379 | 1,060 / 960 | 69 / 50 | 6 | 90 |
| 3 Beds | $468,205 | $465,000 | $85,000 – $1,599,950 | $334 / $329 | 1,439 / 1,348 | 52 / 34 | 12 | 133 |
| 4 Beds | $606,662 | $580,000 | $349,000 – $1,075,000 | $277 / $286 | 2,225 / 2,149 | 52 / 23 | 2 | 48 |
| 5 Beds | $847,090 | $715,000 | $475,000 – $1,650,000 | $294 / $304 | 2,929 / 3,114 | 43 / 27 | 1 | 10 |
| 6 Beds | $1,564,283 | $699,900 | $499,900 – $4,313,900 | $335 / $257 | 4,342 / 2,922 | 106 / 76 | 0 | 6 |
| 7 Beds | $829,888 | $829,888 | $829,888 – $829,888 | $235 / $235 | 3,536 / 3,536 | 113 / 113 | 0 | 1 |
| 8 Beds | $1,447,920 | $1,499,900 | $839,999 – $1,724,900 | $367 / $400 | 3,920 / 4,271 | 176 / 177 | 1 | 5 |
Rental Market Overview
Median Rent
$1,550
−1.6%
Median DOM
1
0.0%
New Listings
74
Inventory
227
+1.8%
- Average Rent: $1,823
- Median Rent: $1,550
- Rent Range: $800 – $4,200
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 837 / 750
- Square Footage Range: 303 – 2,949
- Days on Market (Avg/Median): 31 / 1
- Days on Market Range: 1 – 326
- New Listings: 74
- Total Listings: 227
Rentals by Property Type
Apartment
$1,445
Median DOM: 1
Inventory: 153
MoM: −1.6%
Condo
$1,849
Median DOM: 1
Inventory: 11
MoM: −1.6%
Single Family
$2,500
Median DOM: 1
Inventory: 53
MoM: −1.6%
Townhouse
$2,195
Median DOM: 1
Inventory: 6
MoM: −1.6%
Apartment
Avg/Median Rent$1,543 / $1,445Range$985 – $3,314Rent per Sq Ft$3 / $3Sq Ft649 / 598DOM41 / 1New50Total153
Condo
Avg/Median Rent$1,938 / $1,849Range$1,100 – $2,695Rent per Sq Ft$2 / $2Sq Ft1,032 / 950DOM12 / 1New4Total11
Multi-Family
Avg/Median Rent$1,821 / $1,495Range$800 – $2,995Rent per Sq Ft$2 / $2Sq Ft1,076 / 700DOM26 / 1New1Total4
Single Family
Avg/Median Rent$2,558 / $2,500Range$985 – $4,200Rent per Sq Ft$2 / $2Sq Ft1,268 / 1,210DOM8 / 1New18Total53
Townhouse
Avg/Median Rent$2,267 / $2,195Range$1,595 – $3,145Rent per Sq Ft$2 / $2Sq Ft1,195 / 1,008DOM4 / 1New1Total6
Rentals by Bedroom Count
Studio
Avg:$1,316Median:$1,320Range:$800 – $1,534PSF:$3 / $3Sq Ft:429 / 435DOM:8 / 1New:26Total:51
1 Beds
Avg:$1,528Median:$1,425Range:$1,145 – $2,314PSF:$3 / $3Sq Ft:603 / 598DOM:49 / 1New:15Total:59
2 Beds
Avg:$1,794Median:$1,695Range:$1,100 – $3,314PSF:$2 / $2Sq Ft:876 / 832DOM:40 / 10New:18Total:68
3 Beds
Avg:$2,528Median:$2,500Range:$1,595 – $3,495PSF:$2 / $2Sq Ft:1,283 / 1,290DOM:19 / 1New:10Total:37
4 Beds
Avg:$3,426Median:$3,295Range:$2,850 – $4,200PSF:$2 / $2Sq Ft:2,068 / 1,850DOM:4 / 1New:5Total:12
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,316 | $1,320 | $800 – $1,534 | $3 / $3 | 429 / 435 | 8 / 1 | 26 | 51 |
| 1 Beds | $1,528 | $1,425 | $1,145 – $2,314 | $3 / $3 | 603 / 598 | 49 / 1 | 15 | 59 |
| 2 Beds | $1,794 | $1,695 | $1,100 – $3,314 | $2 / $2 | 876 / 832 | 40 / 10 | 18 | 68 |
| 3 Beds | $2,528 | $2,500 | $1,595 – $3,495 | $2 / $2 | 1,283 / 1,290 | 19 / 1 | 10 | 37 |
| 4 Beds | $3,426 | $3,295 | $2,850 – $4,200 | $2 / $2 | 2,068 / 1,850 | 4 / 1 | 5 | 12 |
6-Month Sales Trend
Mar 2026
Median Price:$449,900Median DOM:29New:74Total:270
Apr 2026
Median Price:$450,000Median DOM:25New:84Total:293
May 2026
Median Price:$449,000Median DOM:27New:92Total:300
Jun 2026
Median Price:$449,990Median DOM:32New:88Total:314
Jul 2026
Median Price:$449,000Median DOM:43New:65Total:310
Aug 2026
Median Price:$449,000Median DOM:40New:22Total:313
6-Month Rental Trend
Mar 2026
Median Rent:$1,575Median DOM:1New:118Total:222
Apr 2026
Median Rent:$1,575Median DOM:1New:118Total:228
May 2026
Median Rent:$1,529Median DOM:1New:107Total:218
Jun 2026
Median Rent:$1,530Median DOM:1New:111Total:221
Jul 2026
Median Rent:$1,575Median DOM:1New:111Total:223
Aug 2026
Median Rent:$1,550Median DOM:1New:74Total:227
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving 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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