ZIP 97209 Housing Market Report
Portland Metro
Report period: July 2026
97209 Monthly Market Update – July 2026
ZIP 97209 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$399,995
+0.2%
Median DOM (Sales)
84
+2.4%
New Listings (Sales)
12
−68.4%
Median Rent
$1,798
−0.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
561
+1.8%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (84 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 4 Beds ($978,000 median)
Sales Market Overview
Median Price
$399,995
+0.2%
Median DOM
84
+2.4%
New Listings
12
−68.4%
Inventory
289
+2.1%
- Average Price: $492,595
- Median Price: $399,995
- Price Range: $95,000 – $3,498,000
- Price per Sq Ft (Avg/Median): $399 / $382
- Square Footage (Avg/Median): 1,194 / 1,068
- Square Footage Range: 302 – 5,088
- Days on Market (Avg/Median): 103 / 84
- Days on Market Range: 1 – 350
- New Listings: 12
- Total Listings: 289
Sales by Property Type
Condo
Avg/Median Price$486,803 / $399,000Range$95,000 – $3,498,000Price per Sq Ft$401 / $382Sq Ft1,165 / 1,046DOM103 / 84New12Total284
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$669,100 / $360,200Range$360,200 – $978,000Price per Sq Ft$271 / $241Sq Ft2,370 / 1,493DOM133 / 119New0Total2
Townhouse
Avg/Median Price$935,000 / $925,000Range$925,000 – $945,000Price per Sq Ft$435 / $380Sq Ft2,188 / 1,885DOM155 / 153New0Total2
Sales by Bedroom Count
Studio
Avg:$213,000Median:$179,000Range:$95,000 – $519,000PSF:$386 / $363Sq Ft:544 / 423DOM:111 / 98New:1Total:24
1 Beds
Avg:$336,927Median:$315,000Range:$144,900 – $675,000PSF:$372 / $374Sq Ft:904 / 836DOM:98 / 81New:7Total:142
2 Beds
Avg:$676,594Median:$650,000Range:$199,950 – $1,590,000PSF:$435 / $422Sq Ft:1,531 / 1,498DOM:101 / 73New:3Total:106
3 Beds
Avg:$1,053,833Median:$749,000Range:$490,000 – $3,498,000PSF:$449 / $380Sq Ft:2,202 / 1,907DOM:154 / 148New:1Total:15
4 Beds
Avg:$978,000Median:$978,000Range:$978,000 – $978,000PSF:$301 / $301Sq Ft:3,248 / 3,248DOM:147 / 147New:0Total:1
5 Beds
Avg:$899,900Median:$899,900Range:$899,900 – $899,900PSF:$177 / $177Sq Ft:5,088 / 5,088DOM:—New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $213,000 | $179,000 | $95,000 – $519,000 | $386 / $363 | 544 / 423 | 111 / 98 | 1 | 24 |
| 1 Beds | $336,927 | $315,000 | $144,900 – $675,000 | $372 / $374 | 904 / 836 | 98 / 81 | 7 | 142 |
| 2 Beds | $676,594 | $650,000 | $199,950 – $1,590,000 | $435 / $422 | 1,531 / 1,498 | 101 / 73 | 3 | 106 |
| 3 Beds | $1,053,833 | $749,000 | $490,000 – $3,498,000 | $449 / $380 | 2,202 / 1,907 | 154 / 148 | 1 | 15 |
| 4 Beds | $978,000 | $978,000 | $978,000 – $978,000 | $301 / $301 | 3,248 / 3,248 | 147 / 147 | 0 | 1 |
| 5 Beds | $899,900 | $899,900 | $899,900 – $899,900 | $177 / $177 | 5,088 / 5,088 | — | 0 | 1 |
Rental Market Overview
Median Rent
$1,798
−0.1%
Median DOM
1
0.0%
New Listings
213
Inventory
561
+1.8%
- Average Rent: $1,965
- Median Rent: $1,798
- Rent Range: $495 – $8,000
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 724 / 650
- Square Footage Range: 264 – 6,964
- Days on Market (Avg/Median): 20 / 1
- Days on Market Range: 1 – 365
- New Listings: 213
- Total Listings: 561
Rentals by Property Type
Apartment
$1,788
Median DOM: 1
Inventory: 497
MoM: −0.1%
Condo
$1,995
Median DOM: 1
Inventory: 44
MoM: −0.1%
Single Family
$1,895
Median DOM: 1
Inventory: 19
MoM: −0.1%
Townhouse
$3,000
Median DOM: 1
Inventory: 1
MoM: −0.1%
Apartment
Avg/Median Rent$1,942 / $1,788Range$495 – $8,000Rent per Sq Ft$3 / $3Sq Ft703 / 624DOM21 / 1New187Total497
Condo
Avg/Median Rent$2,198 / $1,995Range$1,000 – $4,500Rent per Sq Ft$2 / $2Sq Ft908 / 740DOM16 / 1New15Total44
Single Family
Avg/Median Rent$1,962 / $1,895Range$995 – $3,400Rent per Sq Ft$2 / $2Sq Ft871 / 835DOM1 / 1New10Total19
Townhouse
Avg/Median Rent$3,000 / $3,000Range$3,000 – $3,000Rent per Sq Ft$3 / $3Sq Ft900 / 900DOM1 / 1New1Total1
Rentals by Bedroom Count
Studio
Avg:$1,390Median:$1,400Range:$495 – $2,500PSF:$3 / $3Sq Ft:487 / 473DOM:37 / 1New:54Total:169
1 Beds
Avg:$1,964Median:$1,875Range:$1,100 – $5,439PSF:$3 / $3Sq Ft:739 / 668DOM:14 / 1New:120Total:302
2 Beds
Avg:$3,008Median:$2,780Range:$1,340 – $8,000PSF:$3 / $3Sq Ft:1,105 / 1,058DOM:7 / 1New:38Total:86
3 Beds
Avg:$3,876Median:$2,895Range:$1,716 – $6,591PSF:$3 / $2Sq Ft:1,413 / 1,388DOM:132 / 1New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,390 | $1,400 | $495 – $2,500 | $3 / $3 | 487 / 473 | 37 / 1 | 54 | 169 |
| 1 Beds | $1,964 | $1,875 | $1,100 – $5,439 | $3 / $3 | 739 / 668 | 14 / 1 | 120 | 302 |
| 2 Beds | $3,008 | $2,780 | $1,340 – $8,000 | $3 / $3 | 1,105 / 1,058 | 7 / 1 | 38 | 86 |
| 3 Beds | $3,876 | $2,895 | $1,716 – $6,591 | $3 / $2 | 1,413 / 1,388 | 132 / 1 | 1 | 4 |
6-Month Sales Trend
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:$389,000Median DOM:84New:44Total:281
Jun 2026
Median Price:$399,000Median DOM:82New:38Total:283
Jul 2026
Median Price:$399,995Median DOM:84New:12Total:289
6-Month Rental Trend
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:$1,795Median DOM:1New:345Total:574
Jun 2026
Median Rent:$1,800Median DOM:1New:294Total:551
Jul 2026
Median Rent:$1,798Median DOM:1New:213Total:561
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 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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