ZIP 97215 Housing Market Report
Portland Metro
Report period: May 2026
97215 Monthly Market Update – May 2026
ZIP 97215 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$650,000
0.0%
Median DOM (Sales)
10
−9.1%
New Listings (Sales)
10
−71.4%
Median Rent
$1,550
−1.6%
Median DOM (Rental)
2
+100.0%
Total Rental Listings
75
+1.4%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (6 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($1,700,000 median)
Sales Market Overview
Median Price
$650,000
0.0%
Median DOM
10
−9.1%
New Listings
10
−71.4%
Inventory
88
+7.3%
- Average Price: $882,737
- Median Price: $650,000
- Price Range: $240,000 – $4,999,000
- Price per Sq Ft (Avg/Median): $346 / $339
- Square Footage (Avg/Median): 2,524 / 2,070
- Square Footage Range: 542 – 10,192
- Days on Market (Avg/Median): 43 / 10
- Days on Market Range: 2 – 318
- New Listings: 10
- Total Listings: 88
Sales by Property Type
Condo
Avg/Median Price$409,964 / $379,900Range$240,000 – $599,900Price per Sq Ft$385 / $377Sq Ft1,117 / 1,029DOM56 / 60New0Total11
Land
Avg/Median Price$1,647,600 / $899,000Range$299,999 – $4,999,000Price per Sq Ft—Sq Ft—DOM165 / 177New0Total5
Multi-Family
Avg/Median Price$1,826,843 / $1,169,000Range$649,000 – $4,799,900Price per Sq Ft$352 / $311Sq Ft5,421 / 3,538DOM165 / 136New0Total7
Single Family
Avg/Median Price$802,236 / $679,900Range$285,000 – $3,150,000Price per Sq Ft$340 / $335Sq Ft2,494 / 2,110DOM19 / 6New10Total65
Sales by Bedroom Count
Studio
Avg:$240,000Median:$240,000Range:$240,000 – $240,000PSF:$443 / $443Sq Ft:542 / 542DOM:12 / 12New:0Total:1
1 Beds
Avg:$1,804,975Median:$455,000Range:$315,000 – $4,799,900PSF:$404 / $442Sq Ft:5,077 / 1,029DOM:120 / 29New:0Total:4
2 Beds
Avg:$495,337Median:$490,000Range:$285,000 – $1,095,000PSF:$381 / $370Sq Ft:1,341 / 1,318DOM:41 / 17New:1Total:16
3 Beds
Avg:$678,803Median:$629,900Range:$439,000 – $1,295,000PSF:$343 / $335Sq Ft:2,036 / 1,947DOM:15 / 7New:3Total:32
4 Beds
Avg:$1,030,992Median:$775,000Range:$475,000 – $3,150,000PSF:$338 / $337Sq Ft:2,929 / 2,760DOM:21 / 6New:5Total:20
5 Beds
Avg:$888,000Median:$895,000Range:$649,000 – $1,169,000PSF:$291 / $300Sq Ft:3,059 / 2,284DOM:109 / 29New:0Total:7
6 Beds
Avg:$1,700,000Median:$1,700,000Range:$1,700,000 – $1,700,000PSF:$167 / $167Sq Ft:10,192 / 10,192DOM:4 / 4New:1Total:1
7 Beds
Avg:$1,900,000Median:$1,100,000Range:$1,100,000 – $2,700,000PSF:$309 / $306Sq Ft:6,176 / 3,538DOM:140 / 140New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $240,000 | $240,000 | $240,000 – $240,000 | $443 / $443 | 542 / 542 | 12 / 12 | 0 | 1 |
| 1 Beds | $1,804,975 | $455,000 | $315,000 – $4,799,900 | $404 / $442 | 5,077 / 1,029 | 120 / 29 | 0 | 4 |
| 2 Beds | $495,337 | $490,000 | $285,000 – $1,095,000 | $381 / $370 | 1,341 / 1,318 | 41 / 17 | 1 | 16 |
| 3 Beds | $678,803 | $629,900 | $439,000 – $1,295,000 | $343 / $335 | 2,036 / 1,947 | 15 / 7 | 3 | 32 |
| 4 Beds | $1,030,992 | $775,000 | $475,000 – $3,150,000 | $338 / $337 | 2,929 / 2,760 | 21 / 6 | 5 | 20 |
| 5 Beds | $888,000 | $895,000 | $649,000 – $1,169,000 | $291 / $300 | 3,059 / 2,284 | 109 / 29 | 0 | 7 |
| 6 Beds | $1,700,000 | $1,700,000 | $1,700,000 – $1,700,000 | $167 / $167 | 10,192 / 10,192 | 4 / 4 | 1 | 1 |
| 7 Beds | $1,900,000 | $1,100,000 | $1,100,000 – $2,700,000 | $309 / $306 | 6,176 / 3,538 | 140 / 140 | 0 | 2 |
Rental Market Overview
Median Rent
$1,550
−1.6%
Median DOM
2
+100.0%
New Listings
15
Inventory
75
+1.4%
- Average Rent: $1,791
- Median Rent: $1,550
- Rent Range: $550 – $5,995
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 878 / 750
- Square Footage Range: 273 – 2,551
- Days on Market (Avg/Median): 35 / 2
- Days on Market Range: 1 – 234
- New Listings: 15
- Total Listings: 75
Rentals by Property Type
Apartment
$1,395
Median DOM: 22
Inventory: 54
MoM: −1.6%
Condo
$1,895
Median DOM: 1
Inventory: 4
MoM: −1.6%
Single Family
$2,400
Median DOM: 1
Inventory: 14
MoM: −1.6%
Townhouse
$1,050
Median DOM: 1
Inventory: 3
MoM: −1.6%
Apartment
Avg/Median Rent$1,515 / $1,395Range$550 – $2,875Rent per Sq Ft$2 / $2Sq Ft706 / 620DOM44 / 22New12Total54
Condo
Avg/Median Rent$2,236 / $1,895Range$1,650 – $3,500Rent per Sq Ft$2 / $2Sq Ft1,132 / 947DOM21 / 1New0Total4
Single Family
Avg/Median Rent$2,790 / $2,400Range$1,495 – $5,995Rent per Sq Ft$2 / $2Sq Ft1,423 / 1,255DOM15 / 1New1Total14
Townhouse
Avg/Median Rent$1,497 / $1,050Range$895 – $2,545Rent per Sq Ft$2 / $2Sq Ft1,150 / 1,150DOM1 / 1New2Total3
Rentals by Bedroom Count
Studio
Avg:$1,231Median:$1,100Range:$550 – $2,875PSF:$3 / $3Sq Ft:417 / 430DOM:35 / 1New:8Total:19
1 Beds
Avg:$1,429Median:$1,495Range:$995 – $2,000PSF:$2 / $2Sq Ft:629 / 600DOM:53 / 26New:2Total:21
2 Beds
Avg:$1,910Median:$1,650Range:$1,324 – $3,000PSF:$2 / $2Sq Ft:964 / 850DOM:25 / 1New:4Total:24
3 Beds
Avg:$3,208Median:$2,795Range:$1,999 – $5,995PSF:$2 / $2Sq Ft:1,602 / 1,501DOM:25 / 1New:1Total:10
4 Beds
Avg:$2,995Median:$2,995Range:$2,995 – $2,995PSF:$1 / $1Sq Ft:2,551 / 2,551DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,231 | $1,100 | $550 – $2,875 | $3 / $3 | 417 / 430 | 35 / 1 | 8 | 19 |
| 1 Beds | $1,429 | $1,495 | $995 – $2,000 | $2 / $2 | 629 / 600 | 53 / 26 | 2 | 21 |
| 2 Beds | $1,910 | $1,650 | $1,324 – $3,000 | $2 / $2 | 964 / 850 | 25 / 1 | 4 | 24 |
| 3 Beds | $3,208 | $2,795 | $1,999 – $5,995 | $2 / $2 | 1,602 / 1,501 | 25 / 1 | 1 | 10 |
| 4 Beds | $2,995 | $2,995 | $2,995 – $2,995 | $1 / $1 | 2,551 / 2,551 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$724,900Median DOM:49New:6Total:57
Jan 2026
Median Price:$599,900Median DOM:62New:17Total:54
Feb 2026
Median Price:$659,000Median DOM:42New:13Total:62
Mar 2026
Median Price:$675,000Median DOM:21New:22Total:62
Apr 2026
Median Price:$650,000Median DOM:11New:35Total:82
May 2026
Median Price:$650,000Median DOM:10New:10Total:88
6-Month Rental Trend
Dec 2025
Median Rent:$1,499Median DOM:1New:30Total:61
Jan 2026
Median Rent:$1,499Median DOM:1New:32Total:68
Feb 2026
Median Rent:$1,550Median DOM:1New:34Total:73
Mar 2026
Median Rent:$1,550Median DOM:1New:35Total:72
Apr 2026
Median Rent:$1,575Median DOM:1New:27Total:74
May 2026
Median Rent:$1,550Median DOM:2New:15Total:75
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving 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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