ZIP 97211 Housing Market Report
Portland Metro
Report period: May 2026
97211 Monthly Market Update – May 2026
ZIP 97211 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$550,000
−0.9%
Median DOM (Sales)
21
+5.0%
New Listings (Sales)
19
−63.5%
Median Rent
$2,250
+7.4%
Median DOM (Rental)
1
0.0%
Total Rental Listings
114
−0.9%
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: Land (5 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 7 Beds ($9,599,900 median)
Sales Market Overview
Median Price
$550,000
−0.9%
Median DOM
21
+5.0%
New Listings
19
−63.5%
Inventory
164
+7.2%
- Average Price: $678,732
- Median Price: $550,000
- Price Range: $99,000 – $9,599,900
- Price per Sq Ft (Avg/Median): $330 / $325
- Square Footage (Avg/Median): 1,960 / 1,919
- Square Footage Range: 580 – 4,864
- Days on Market (Avg/Median): 60 / 21
- Days on Market Range: 3 – 354
- New Listings: 19
- Total Listings: 164
Sales by Property Type
Condo
Avg/Median Price$405,867 / $374,900Range$289,000 – $650,000Price per Sq Ft$364 / $380Sq Ft1,156 / 1,052DOM171 / 211New1Total21
Land
Avg/Median Price$540,000 / $350,000Range$99,999 – $1,500,000Price per Sq Ft—Sq Ft—DOM13 / 5New0Total5
Manufactured
Avg/Median Price$298,000 / $320,000Range$124,999 – $449,000Price per Sq Ft$193 / $191Sq Ft1,535 / 1,188DOM69 / 23New0Total3
Multi-Family
Avg/Median Price$2,592,467 / $925,000Range$715,000 – $9,599,900Price per Sq Ft$341 / $369Sq Ft3,478 / 3,168DOM106 / 61New2Total6
Single Family
Avg/Median Price$660,257 / $649,000Range$99,000 – $1,615,000Price per Sq Ft$317 / $314Sq Ft2,130 / 2,086DOM42 / 11New15Total113
Townhouse
Avg/Median Price$564,438 / $450,000Range$385,000 – $1,575,000Price per Sq Ft$405 / $394Sq Ft1,426 / 1,312DOM34 / 18New1Total16
Sales by Bedroom Count
1 Beds
Avg:$354,667Median:$340,000Range:$175,000 – $549,000PSF:$338 / $314Sq Ft:1,294 / 1,556DOM:157 / 108New:0Total:3
2 Beds
Avg:$416,693Median:$399,900Range:$99,000 – $669,900PSF:$349 / $356Sq Ft:1,270 / 1,052DOM:106 / 60New:2Total:44
3 Beds
Avg:$611,085Median:$575,000Range:$124,999 – $1,575,000PSF:$335 / $334Sq Ft:1,854 / 1,782DOM:41 / 16New:6Total:61
4 Beds
Avg:$803,741Median:$765,000Range:$500,000 – $1,500,000PSF:$308 / $299Sq Ft:2,617 / 2,481DOM:28 / 10New:8Total:32
5 Beds
Avg:$925,200Median:$799,000Range:$525,000 – $1,979,900PSF:$312 / $274Sq Ft:2,908 / 2,736DOM:39 / 21New:2Total:14
6 Beds
Avg:$916,250Median:$899,999Range:$715,000 – $1,125,000PSF:$298 / $264Sq Ft:3,114 / 3,168DOM:94 / 35New:1Total:4
7 Beds
Avg:$9,599,900Median:$9,599,900Range:$9,599,900 – $9,599,900PSF:—Sq Ft:—DOM:278 / 278New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $354,667 | $340,000 | $175,000 – $549,000 | $338 / $314 | 1,294 / 1,556 | 157 / 108 | 0 | 3 |
| 2 Beds | $416,693 | $399,900 | $99,000 – $669,900 | $349 / $356 | 1,270 / 1,052 | 106 / 60 | 2 | 44 |
| 3 Beds | $611,085 | $575,000 | $124,999 – $1,575,000 | $335 / $334 | 1,854 / 1,782 | 41 / 16 | 6 | 61 |
| 4 Beds | $803,741 | $765,000 | $500,000 – $1,500,000 | $308 / $299 | 2,617 / 2,481 | 28 / 10 | 8 | 32 |
| 5 Beds | $925,200 | $799,000 | $525,000 – $1,979,900 | $312 / $274 | 2,908 / 2,736 | 39 / 21 | 2 | 14 |
| 6 Beds | $916,250 | $899,999 | $715,000 – $1,125,000 | $298 / $264 | 3,114 / 3,168 | 94 / 35 | 1 | 4 |
| 7 Beds | $9,599,900 | $9,599,900 | $9,599,900 – $9,599,900 | — | — | 278 / 278 | 0 | 1 |
Rental Market Overview
Median Rent
$2,250
+7.4%
Median DOM
1
0.0%
New Listings
36
Inventory
114
−0.9%
- Average Rent: $2,463
- Median Rent: $2,250
- Rent Range: $1,000 – $7,515
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,139 / 1,034
- Square Footage Range: 320 – 3,725
- Days on Market (Avg/Median): 38 / 1
- Days on Market Range: 1 – 313
- New Listings: 36
- Total Listings: 114
Rentals by Property Type
Apartment
$1,585
Median DOM: 10
Inventory: 54
MoM: +7.4%
Condo
$2,250
Median DOM: 31
Inventory: 6
MoM: +7.4%
Single Family
$2,850
Median DOM: 1
Inventory: 48
MoM: +7.4%
Townhouse
$2,695
Median DOM: 1
Inventory: 6
MoM: +7.4%
Apartment
Avg/Median Rent$1,985 / $1,585Range$1,000 – $7,515Rent per Sq Ft$3 / $3Sq Ft794 / 650DOM59 / 10New15Total54
Condo
Avg/Median Rent$2,528 / $2,250Range$1,425 – $3,595Rent per Sq Ft$3 / $3Sq Ft1,024 / 743DOM31 / 31New1Total6
Single Family
Avg/Median Rent$2,963 / $2,850Range$1,050 – $7,500Rent per Sq Ft$2 / $2Sq Ft1,554 / 1,408DOM21 / 1New19Total48
Townhouse
Avg/Median Rent$2,706 / $2,695Range$1,500 – $3,895Rent per Sq Ft$3 / $2Sq Ft1,150 / 1,316DOM7 / 1New1Total6
Rentals by Bedroom Count
Studio
Avg:$1,273Median:$1,185Range:$1,000 – $1,825PSF:$3 / $3Sq Ft:425 / 400DOM:121 / 103New:2Total:14
1 Beds
Avg:$1,541Median:$1,479Range:$1,025 – $2,295PSF:$3 / $2Sq Ft:629 / 590DOM:43 / 12New:4Total:23
2 Beds
Avg:$2,381Median:$2,195Range:$1,275 – $4,000PSF:$2 / $2Sq Ft:1,035 / 1,013DOM:21 / 1New:19Total:38
3 Beds
Avg:$3,163Median:$2,995Range:$1,895 – $7,397PSF:$2 / $2Sq Ft:1,553 / 1,445DOM:21 / 1New:7Total:25
4 Beds
Avg:$4,167Median:$3,495Range:$2,650 – $7,515PSF:$2 / $2Sq Ft:2,170 / 2,208DOM:39 / 1New:4Total:13
5 Beds
Avg:$3,850Median:$3,850Range:$3,850 – $3,850PSF:$1 / $1Sq Ft:3,000 / 3,000DOM:—New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,273 | $1,185 | $1,000 – $1,825 | $3 / $3 | 425 / 400 | 121 / 103 | 2 | 14 |
| 1 Beds | $1,541 | $1,479 | $1,025 – $2,295 | $3 / $2 | 629 / 590 | 43 / 12 | 4 | 23 |
| 2 Beds | $2,381 | $2,195 | $1,275 – $4,000 | $2 / $2 | 1,035 / 1,013 | 21 / 1 | 19 | 38 |
| 3 Beds | $3,163 | $2,995 | $1,895 – $7,397 | $2 / $2 | 1,553 / 1,445 | 21 / 1 | 7 | 25 |
| 4 Beds | $4,167 | $3,495 | $2,650 – $7,515 | $2 / $2 | 2,170 / 2,208 | 39 / 1 | 4 | 13 |
| 5 Beds | $3,850 | $3,850 | $3,850 – $3,850 | $1 / $1 | 3,000 / 3,000 | — | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$495,000Median DOM:75New:19Total:142
Jan 2026
Median Price:$489,999Median DOM:84New:26Total:140
Feb 2026
Median Price:$550,000Median DOM:52New:37Total:153
Mar 2026
Median Price:$550,000Median DOM:25New:40Total:143
Apr 2026
Median Price:$555,000Median DOM:20New:52Total:153
May 2026
Median Price:$550,000Median DOM:21New:19Total:164
6-Month Rental Trend
Dec 2025
Median Rent:$1,995Median DOM:1New:61Total:121
Jan 2026
Median Rent:$1,895Median DOM:1New:56Total:125
Feb 2026
Median Rent:$2,195Median DOM:1New:45Total:125
Mar 2026
Median Rent:$2,245Median DOM:5New:44Total:116
Apr 2026
Median Rent:$2,095Median DOM:1New:46Total:115
May 2026
Median Rent:$2,250Median DOM:1New:36Total:114
Key Market Takeaways
Median sale prices softened this month while inventory expanded. 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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