ZIP 97209 Housing Market Report
Portland Metro
Report period: May 2026
97209 Monthly Market Update – May 2026
ZIP 97209 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$390,000
+1.6%
Median DOM (Sales)
82
+3.8%
New Listings (Sales)
15
−71.7%
Median Rent
$1,750
−0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
554
−4.8%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (81 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($989,000 median)
Sales Market Overview
Median Price
$390,000
+1.6%
Median DOM
82
+3.8%
New Listings
15
−71.7%
Inventory
276
+1.5%
- Average Price: $495,458
- Median Price: $390,000
- Price Range: $99,000 – $3,498,000
- Price per Sq Ft (Avg/Median): $400 / $390
- Square Footage (Avg/Median): 1,198 / 1,038
- Square Footage Range: 275 – 5,088
- Days on Market (Avg/Median): 108 / 82
- Days on Market Range: 2 – 364
- New Listings: 15
- Total Listings: 276
Sales by Property Type
Condo
Avg/Median Price$484,199 / $387,870Range$99,000 – $3,498,000Price per Sq Ft$402 / $390Sq Ft1,145 / 1,031DOM108 / 81New15Total269
Multi-Family
Avg/Median Price$899,900 / $899,900Range$899,900 – $899,900Price per Sq Ft$177 / $177Sq Ft5,088 / 5,088DOM—New0Total1
Single Family
Avg/Median Price$919,300 / $978,000Range$360,200 – $1,350,000Price per Sq Ft$273 / $253Sq Ft3,301 / 3,248DOM124 / 102New0Total4
Townhouse
Avg/Median Price$960,000 / $925,000Range$925,000 – $995,000Price per Sq Ft$445 / $400Sq Ft2,188 / 1,885DOM96 / 95New0Total2
Sales by Bedroom Count
Studio
Avg:$200,760Median:$174,900Range:$99,000 – $529,000PSF:$394 / $393Sq Ft:514 / 423DOM:110 / 102New:2Total:25
1 Beds
Avg:$330,421Median:$320,000Range:$99,900 – $640,000PSF:$371 / $379Sq Ft:891 / 836DOM:103 / 65New:7Total:139
2 Beds
Avg:$693,421Median:$620,000Range:$199,950 – $1,795,000PSF:$436 / $423Sq Ft:1,554 / 1,506DOM:109 / 90New:6Total:91
3 Beds
Avg:$1,087,106Median:$799,900Range:$325,000 – $3,498,000PSF:$485 / $413Sq Ft:2,103 / 1,907DOM:139 / 115New:0Total:17
4 Beds
Avg:$978,000Median:$978,000Range:$978,000 – $978,000PSF:$301 / $301Sq Ft:3,248 / 3,248DOM:102 / 102New:0Total:1
5 Beds
Avg:$1,079,633Median:$989,000Range:$899,900 – $1,350,000PSF:$242 / $253Sq Ft:4,517 / 4,548DOM:137 / 3New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $200,760 | $174,900 | $99,000 – $529,000 | $394 / $393 | 514 / 423 | 110 / 102 | 2 | 25 |
| 1 Beds | $330,421 | $320,000 | $99,900 – $640,000 | $371 / $379 | 891 / 836 | 103 / 65 | 7 | 139 |
| 2 Beds | $693,421 | $620,000 | $199,950 – $1,795,000 | $436 / $423 | 1,554 / 1,506 | 109 / 90 | 6 | 91 |
| 3 Beds | $1,087,106 | $799,900 | $325,000 – $3,498,000 | $485 / $413 | 2,103 / 1,907 | 139 / 115 | 0 | 17 |
| 4 Beds | $978,000 | $978,000 | $978,000 – $978,000 | $301 / $301 | 3,248 / 3,248 | 102 / 102 | 0 | 1 |
| 5 Beds | $1,079,633 | $989,000 | $899,900 – $1,350,000 | $242 / $253 | 4,517 / 4,548 | 137 / 3 | 0 | 3 |
Rental Market Overview
Median Rent
$1,750
−0.3%
Median DOM
1
0.0%
New Listings
229
Inventory
554
−4.8%
- Average Rent: $1,945
- Median Rent: $1,750
- Rent Range: $495 – $8,462
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 711 / 650
- Square Footage Range: 250 – 2,034
- Days on Market (Avg/Median): 22 / 1
- Days on Market Range: 1 – 348
- New Listings: 229
- Total Listings: 554
Rentals by Property Type
Apartment
$1,723
Median DOM: 1
Inventory: 481
MoM: −0.3%
Condo
$1,995
Median DOM: 1
Inventory: 49
MoM: −0.3%
Single Family
$1,795
Median DOM: 1
Inventory: 21
MoM: −0.3%
Townhouse
$3,000
Median DOM: 1
Inventory: 3
MoM: −0.3%
Apartment
Avg/Median Rent$1,914 / $1,723Range$495 – $8,462Rent per Sq Ft$3 / $3Sq Ft686 / 612DOM23 / 1New203Total481
Condo
Avg/Median Rent$2,214 / $1,995Range$900 – $4,500Rent per Sq Ft$3 / $2Sq Ft896 / 780DOM25 / 1New15Total49
Single Family
Avg/Median Rent$1,893 / $1,795Range$795 – $3,295Rent per Sq Ft$2 / $2Sq Ft813 / 850DOM2 / 1New10Total21
Townhouse
Avg/Median Rent$2,847 / $3,000Range$1,995 – $3,545Rent per Sq Ft$3 / $2Sq Ft1,121 / 1,017DOM1 / 1New1Total3
Rentals by Bedroom Count
Studio
Avg:$1,372Median:$1,369Range:$495 – $2,300PSF:$3 / $3Sq Ft:505 / 487DOM:43 / 1New:49Total:170
1 Beds
Avg:$1,909Median:$1,794Range:$1,095 – $5,439PSF:$3 / $3Sq Ft:687 / 656DOM:17 / 1New:134Total:285
2 Beds
Avg:$2,998Median:$2,800Range:$1,490 – $6,192PSF:$3 / $3Sq Ft:1,110 / 1,069DOM:6 / 1New:46Total:94
3 Beds
Avg:$3,681Median:$3,010Range:$1,621 – $8,462PSF:$2 / $2Sq Ft:1,414 / 1,348DOM:108 / 1New:0Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,372 | $1,369 | $495 – $2,300 | $3 / $3 | 505 / 487 | 43 / 1 | 49 | 170 |
| 1 Beds | $1,909 | $1,794 | $1,095 – $5,439 | $3 / $3 | 687 / 656 | 17 / 1 | 134 | 285 |
| 2 Beds | $2,998 | $2,800 | $1,490 – $6,192 | $3 / $3 | 1,110 / 1,069 | 6 / 1 | 46 | 94 |
| 3 Beds | $3,681 | $3,010 | $1,621 – $8,462 | $2 / $2 | 1,414 / 1,348 | 108 / 1 | 0 | 5 |
6-Month Sales Trend
Dec 2025
Median Price:$399,995Median DOM:121New:13Total:261
Jan 2026
Median Price:$399,900Median DOM:106New:50Total:244
Feb 2026
Median Price:$399,900Median DOM:106New:39Total:251
Mar 2026
Median Price:$390,000Median DOM:77New:40Total:249
Apr 2026
Median Price:$384,000Median DOM:79New:53Total:272
May 2026
Median Price:$390,000Median DOM:82New:15Total:276
6-Month Rental Trend
Dec 2025
Median Rent:$1,660Median DOM:1New:262Total:403
Jan 2026
Median Rent:$1,685Median DOM:1New:328Total:497
Feb 2026
Median Rent:$1,736Median DOM:1New:343Total:592
Mar 2026
Median Rent:$1,783Median DOM:1New:306Total:592
Apr 2026
Median Rent:$1,755Median DOM:1New:345Total:582
May 2026
Median Rent:$1,750Median DOM:1New:229Total:554
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. 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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