ZIP 97214 Housing Market Report
Portland Metro
Report period: May 2026
97214 Monthly Market Update – May 2026
ZIP 97214 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$695,000
−4.1%
Median DOM (Sales)
30
+15.4%
New Listings (Sales)
13
−59.4%
Median Rent
$1,522
+0.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
331
−0.6%
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: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($1,849,000 median)
Sales Market Overview
Median Price
$695,000
−4.1%
Median DOM
30
+15.4%
New Listings
13
−59.4%
Inventory
111
+1.8%
- Average Price: $790,840
- Median Price: $695,000
- Price Range: $215,000 – $3,250,000
- Price per Sq Ft (Avg/Median): $340 / $308
- Square Footage (Avg/Median): 2,564 / 2,315
- Square Footage Range: 537 – 10,928
- Days on Market (Avg/Median): 66 / 30
- Days on Market Range: 2 – 365
- New Listings: 13
- Total Listings: 111
Sales by Property Type
Condo
Avg/Median Price$385,682 / $374,900Range$215,000 – $725,000Price per Sq Ft$405 / $411Sq Ft1,024 / 912DOM66 / 43New2Total23
Land
Avg/Median Price$569,950 / $379,900Range$379,900 – $760,000Price per Sq Ft—Sq Ft—DOM5 / 5New1Total2
Multi-Family
Avg/Median Price$1,206,950 / $900,000Range$350,000 – $3,250,000Price per Sq Ft$344 / $283Sq Ft3,977 / 3,110DOM125 / 110New1Total28
Single Family
Avg/Median Price$760,682 / $699,000Range$349,999 – $1,475,000Price per Sq Ft$309 / $301Sq Ft2,547 / 2,408DOM36 / 10New9Total56
Townhouse
Avg/Median Price$689,900 / $679,900Range$679,900 – $699,900Price per Sq Ft$417 / $408Sq Ft1,656 / 1,645DOM124 / 124New0Total2
Sales by Bedroom Count
1 Beds
Avg:$467,076Median:$337,990Range:$215,000 – $1,695,000PSF:$427 / $418Sq Ft:1,331 / 721DOM:60 / 35New:2Total:13
2 Beds
Avg:$575,369Median:$499,000Range:$334,999 – $1,500,000PSF:$369 / $332Sq Ft:1,890 / 1,472DOM:62 / 34New:5Total:29
3 Beds
Avg:$856,562Median:$699,000Range:$350,000 – $3,250,000PSF:$296 / $292Sq Ft:2,736 / 2,475DOM:69 / 25New:3Total:32
4 Beds
Avg:$938,629Median:$899,900Range:$619,900 – $1,495,000PSF:$329 / $314Sq Ft:3,168 / 2,897DOM:58 / 11New:1Total:21
5 Beds
Avg:$1,043,357Median:$1,075,000Range:$649,500 – $1,475,000PSF:$283 / $284Sq Ft:3,757 / 3,972DOM:75 / 23New:1Total:7
6 Beds
Avg:$1,120,500Median:$995,000Range:$680,000 – $1,675,000PSF:$364 / $340Sq Ft:3,029 / 2,593DOM:109 / 63New:0Total:4
7 Beds
Avg:$1,849,000Median:$1,849,000Range:$1,849,000 – $1,849,000PSF:$283 / $283Sq Ft:6,538 / 6,538DOM:114 / 114New:0Total:1
8 Beds
Avg:$1,564,950Median:$1,050,000Range:$1,050,000 – $2,079,900PSF:$360 / $300Sq Ft:4,228 / 3,500DOM:75 / 25New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $467,076 | $337,990 | $215,000 – $1,695,000 | $427 / $418 | 1,331 / 721 | 60 / 35 | 2 | 13 |
| 2 Beds | $575,369 | $499,000 | $334,999 – $1,500,000 | $369 / $332 | 1,890 / 1,472 | 62 / 34 | 5 | 29 |
| 3 Beds | $856,562 | $699,000 | $350,000 – $3,250,000 | $296 / $292 | 2,736 / 2,475 | 69 / 25 | 3 | 32 |
| 4 Beds | $938,629 | $899,900 | $619,900 – $1,495,000 | $329 / $314 | 3,168 / 2,897 | 58 / 11 | 1 | 21 |
| 5 Beds | $1,043,357 | $1,075,000 | $649,500 – $1,475,000 | $283 / $284 | 3,757 / 3,972 | 75 / 23 | 1 | 7 |
| 6 Beds | $1,120,500 | $995,000 | $680,000 – $1,675,000 | $364 / $340 | 3,029 / 2,593 | 109 / 63 | 0 | 4 |
| 7 Beds | $1,849,000 | $1,849,000 | $1,849,000 – $1,849,000 | $283 / $283 | 6,538 / 6,538 | 114 / 114 | 0 | 1 |
| 8 Beds | $1,564,950 | $1,050,000 | $1,050,000 – $2,079,900 | $360 / $300 | 4,228 / 3,500 | 75 / 25 | 0 | 2 |
Rental Market Overview
Median Rent
$1,522
+0.1%
Median DOM
1
0.0%
New Listings
126
Inventory
331
−0.6%
- Average Rent: $1,809
- Median Rent: $1,522
- Rent Range: $925 – $9,451
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 723 / 610
- Square Footage Range: 256 – 2,800
- Days on Market (Avg/Median): 24 / 1
- Days on Market Range: 1 – 361
- New Listings: 126
- Total Listings: 331
Rentals by Property Type
Apartment
$1,495
Median DOM: 1
Inventory: 300
MoM: +0.1%
Condo
$1,500
Median DOM: 1
Inventory: 8
MoM: +0.1%
Single Family
$2,345
Median DOM: 1
Inventory: 18
MoM: +0.1%
Townhouse
$2,550
Median DOM: 1
Inventory: 3
MoM: +0.1%
Apartment
Avg/Median Rent$1,762 / $1,495Range$925 – $9,451Rent per Sq Ft$3 / $3Sq Ft680 / 600DOM26 / 1New118Total300
Condo
Avg/Median Rent$1,577 / $1,500Range$1,200 – $2,149Rent per Sq Ft$2 / $2Sq Ft755 / 780DOM8 / 1New2Total8
Multi-Family
Avg/Median Rent$1,838 / $1,750Range$1,750 – $1,925Rent per Sq Ft$2 / $2Sq Ft950 / 950DOM9 / 1New0Total2
Single Family
Avg/Median Rent$2,568 / $2,345Range$1,395 – $4,400Rent per Sq Ft$2 / $2Sq Ft1,258 / 1,061DOM5 / 1New5Total18
Townhouse
Avg/Median Rent$2,550 / $2,550Range$1,800 – $3,300Rent per Sq Ft$2 / $2Sq Ft1,272 / 1,048DOM3 / 1New1Total3
Rentals by Bedroom Count
Studio
Avg:$1,349Median:$1,299Range:$925 – $2,449PSF:$3 / $3Sq Ft:481 / 445DOM:21 / 1New:44Total:95
1 Beds
Avg:$1,618Median:$1,520Range:$1,195 – $2,999PSF:$3 / $3Sq Ft:653 / 604DOM:26 / 1New:57Total:149
2 Beds
Avg:$2,183Median:$2,149Range:$1,195 – $3,764PSF:$2 / $2Sq Ft:953 / 900DOM:15 / 1New:22Total:67
3 Beds
Avg:$4,017Median:$3,149Range:$1,895 – $9,451PSF:$3 / $2Sq Ft:1,559 / 1,399DOM:46 / 5New:3Total:18
4 Beds
Avg:$5,392Median:$3,995Range:$3,995 – $6,790PSF:$3 / $2Sq Ft:2,046 / 1,800DOM:98 / 19New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,349 | $1,299 | $925 – $2,449 | $3 / $3 | 481 / 445 | 21 / 1 | 44 | 95 |
| 1 Beds | $1,618 | $1,520 | $1,195 – $2,999 | $3 / $3 | 653 / 604 | 26 / 1 | 57 | 149 |
| 2 Beds | $2,183 | $2,149 | $1,195 – $3,764 | $2 / $2 | 953 / 900 | 15 / 1 | 22 | 67 |
| 3 Beds | $4,017 | $3,149 | $1,895 – $9,451 | $3 / $2 | 1,559 / 1,399 | 46 / 5 | 3 | 18 |
| 4 Beds | $5,392 | $3,995 | $3,995 – $6,790 | $3 / $2 | 2,046 / 1,800 | 98 / 19 | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$699,900Median DOM:87New:11Total:90
Jan 2026
Median Price:$699,000Median DOM:77New:18Total:83
Feb 2026
Median Price:$695,000Median DOM:52New:21Total:84
Mar 2026
Median Price:$699,900Median DOM:29New:27Total:94
Apr 2026
Median Price:$725,000Median DOM:26New:32Total:109
May 2026
Median Price:$695,000Median DOM:30New:13Total:111
6-Month Rental Trend
Dec 2025
Median Rent:$1,495Median DOM:1New:175Total:309
Jan 2026
Median Rent:$1,495Median DOM:1New:190Total:334
Feb 2026
Median Rent:$1,495Median DOM:1New:168Total:342
Mar 2026
Median Rent:$1,500Median DOM:1New:152Total:315
Apr 2026
Median Rent:$1,520Median DOM:1New:182Total:333
May 2026
Median Rent:$1,522Median DOM:1New:126Total:331
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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