ZIP 97209 Housing Market Report
Portland Metro
Report period: August 2026
97209 Monthly Market Update – August 2026
ZIP 97209 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$399,995
−0.0%
Median DOM (Sales)
101
+7.4%
New Listings (Sales)
7
−80.0%
Median Rent
$1,816
+1.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
507
−2.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (4 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($899,900 median)
Sales Market Overview
Median Price
$399,995
−0.0%
Median DOM
101
+7.4%
New Listings
7
−80.0%
Inventory
269
−4.9%
- Average Price: $497,371
- Median Price: $399,995
- Price Range: $107,500 – $3,498,000
- Price per Sq Ft (Avg/Median): $399 / $381
- Square Footage (Avg/Median): 1,206 / 1,074
- Square Footage Range: 312 – 5,088
- Days on Market (Avg/Median): 113 / 101
- Days on Market Range: 2 – 347
- New Listings: 7
- Total Listings: 269
Sales by Property Type
Condo
Avg/Median Price$489,601 / $399,000Range$107,500 – $3,498,000Price per Sq Ft$400 / $381Sq Ft1,174 / 1,049DOM114 / 101New6Total264
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$899,000 / $899,000Range$899,000 – $899,000Price per Sq Ft$280 / $280Sq Ft3,212 / 3,212DOM4 / 4New1Total1
Townhouse
Avg/Median Price$913,000 / $925,000Range$869,000 – $945,000Price per Sq Ft$437 / $442Sq Ft2,114 / 1,967DOM112 / 153New0Total3
Sales by Bedroom Count
Studio
Avg:$220,900Median:$179,000Range:$107,500 – $499,000PSF:$383 / $390Sq Ft:577 / 500DOM:125 / 122New:1Total:18
1 Beds
Avg:$331,829Median:$314,990Range:$125,000 – $650,000PSF:$372 / $369Sq Ft:887 / 800DOM:107 / 95New:3Total:138
2 Beds
Avg:$694,337Median:$674,900Range:$199,950 – $1,590,000PSF:$439 / $423Sq Ft:1,565 / 1,510DOM:115 / 94New:1Total:94
3 Beds
Avg:$997,500Median:$724,000Range:$490,000 – $3,498,000PSF:$438 / $380Sq Ft:2,134 / 1,885DOM:149 / 155New:1Total:17
4 Beds
Avg:$899,000Median:$899,000Range:$899,000 – $899,000PSF:$280 / $280Sq Ft:3,212 / 3,212DOM:4 / 4New:1Total: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 | $220,900 | $179,000 | $107,500 – $499,000 | $383 / $390 | 577 / 500 | 125 / 122 | 1 | 18 |
| 1 Beds | $331,829 | $314,990 | $125,000 – $650,000 | $372 / $369 | 887 / 800 | 107 / 95 | 3 | 138 |
| 2 Beds | $694,337 | $674,900 | $199,950 – $1,590,000 | $439 / $423 | 1,565 / 1,510 | 115 / 94 | 1 | 94 |
| 3 Beds | $997,500 | $724,000 | $490,000 – $3,498,000 | $438 / $380 | 2,134 / 1,885 | 149 / 155 | 1 | 17 |
| 4 Beds | $899,000 | $899,000 | $899,000 – $899,000 | $280 / $280 | 3,212 / 3,212 | 4 / 4 | 1 | 1 |
| 5 Beds | $899,900 | $899,900 | $899,900 – $899,900 | $177 / $177 | 5,088 / 5,088 | — | 0 | 1 |
Rental Market Overview
Median Rent
$1,816
+1.3%
Median DOM
1
0.0%
New Listings
224
Inventory
507
−2.1%
- Average Rent: $1,958
- Median Rent: $1,816
- Rent Range: $599 – $6,591
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 698 / 650
- Square Footage Range: 250 – 1,848
- Days on Market (Avg/Median): 23 / 1
- Days on Market Range: 1 – 362
- New Listings: 224
- Total Listings: 507
Rentals by Property Type
Apartment
$1,791
Median DOM: 1
Inventory: 445
MoM: +1.3%
Condo
$2,200
Median DOM: 1
Inventory: 43
MoM: +1.3%
Single Family
$1,725
Median DOM: 1
Inventory: 18
MoM: +1.3%
Townhouse
$3,000
Median DOM: 1
Inventory: 1
MoM: +1.3%
Apartment
Avg/Median Rent$1,923 / $1,791Range$599 – $6,591Rent per Sq Ft$3 / $3Sq Ft671 / 627DOM24 / 1New196Total445
Condo
Avg/Median Rent$2,362 / $2,200Range$995 – $5,000Rent per Sq Ft$3 / $2Sq Ft959 / 835DOM19 / 1New18Total43
Single Family
Avg/Median Rent$1,801 / $1,725Range$995 – $3,400Rent per Sq Ft$2 / $2Sq Ft787 / 698DOM1 / 1New9Total18
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:$1,376Median:$1,336Range:$599 – $2,737PSF:$3 / $3Sq Ft:484 / 465DOM:40 / 1New:57Total:171
1 Beds
Avg:$2,000Median:$1,906Range:$1,100 – $5,439PSF:$3 / $3Sq Ft:702 / 675DOM:16 / 1New:131Total:257
2 Beds
Avg:$3,021Median:$2,914Range:$1,340 – $5,036PSF:$3 / $3Sq Ft:1,129 / 1,070DOM:7 / 1New:34Total:75
3 Beds
Avg:$4,177Median:$4,100Range:$1,716 – $6,591PSF:$3 / $2Sq Ft:1,478 / 1,650DOM:140 / 1New:2Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,376 | $1,336 | $599 – $2,737 | $3 / $3 | 484 / 465 | 40 / 1 | 57 | 171 |
| 1 Beds | $2,000 | $1,906 | $1,100 – $5,439 | $3 / $3 | 702 / 675 | 16 / 1 | 131 | 257 |
| 2 Beds | $3,021 | $2,914 | $1,340 – $5,036 | $3 / $3 | 1,129 / 1,070 | 7 / 1 | 34 | 75 |
| 3 Beds | $4,177 | $4,100 | $1,716 – $6,591 | $3 / $2 | 1,478 / 1,650 | 140 / 1 | 2 | 4 |
6-Month Sales Trend
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:$400,000Median DOM:94New:35Total:283
Aug 2026
Median Price:$399,995Median DOM:101New:7Total:269
6-Month Rental Trend
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:$1,793Median DOM:1New:286Total:518
Aug 2026
Median Rent:$1,816Median DOM:1New:224Total:507
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower 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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