ZIP 97216 Housing Market Report
Portland Metro
Report period: July 2026
97216 Monthly Market Update – July 2026
ZIP 97216 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$404,900
−1.2%
Median DOM (Sales)
39
+5.4%
New Listings (Sales)
1
−95.7%
Median Rent
$1,509
+0.9%
Median DOM (Rental)
1
0.0%
Total Rental Listings
88
−4.3%
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: Townhouse (9 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($775,000 median)
Sales Market Overview
Median Price
$404,900
−1.2%
Median DOM
39
+5.4%
New Listings
1
−95.7%
Inventory
92
−4.2%
- Average Price: $451,557
- Median Price: $404,900
- Price Range: $60,000 – $4,500,000
- Price per Sq Ft (Avg/Median): $307 / $311
- Square Footage (Avg/Median): 1,426 / 1,280
- Square Footage Range: 384 – 5,302
- Days on Market (Avg/Median): 70 / 39
- Days on Market Range: 2 – 339
- New Listings: 1
- Total Listings: 92
Sales by Property Type
Condo
Avg/Median Price$243,213 / $230,000Range$115,000 – $399,900Price per Sq Ft$286 / $327Sq Ft936 / 1,030DOM138 / 126New0Total23
Land
Avg/Median Price$1,304,000 / $525,000Range$200,000 – $4,500,000Price per Sq Ft—Sq Ft—DOM89 / 131New0Total5
Manufactured
Avg/Median Price$66,500 / $60,000Range$60,000 – $73,000Price per Sq Ft$84 / $77Sq Ft792 / 784DOM116 / 52New0Total2
Multi-Family
Avg/Median Price$590,338 / $549,900Range$375,000 – $1,068,900Price per Sq Ft$261 / $218Sq Ft2,517 / 1,640DOM77 / 39New0Total8
Single Family
Avg/Median Price$456,297 / $435,000Range$259,000 – $895,000Price per Sq Ft$332 / $320Sq Ft1,531 / 1,311DOM40 / 25New1Total53
Townhouse
Avg/Median Price$389,900 / $389,900Range$389,900 – $389,900Price per Sq Ft$208 / $208Sq Ft1,876 / 1,876DOM9 / 9New0Total1
Sales by Bedroom Count
Studio
Avg:$146,614Median:$149,900Range:$126,900 – $159,900PSF:$365 / $365Sq Ft:402 / 384DOM:255 / 261New:0Total:7
1 Beds
Avg:$226,600Median:$264,800Range:$115,000 – $300,000PSF:$318 / $230Sq Ft:787 / 539DOM:56 / 55New:0Total:3
2 Beds
Avg:$325,419Median:$360,000Range:$60,000 – $480,000PSF:$349 / $370Sq Ft:973 / 818DOM:57 / 38New:0Total:21
3 Beds
Avg:$415,247Median:$415,000Range:$215,000 – $895,000PSF:$297 / $306Sq Ft:1,453 / 1,345DOM:64 / 29New:1Total:39
4 Beds
Avg:$545,350Median:$549,900Range:$389,900 – $649,997PSF:$257 / $265Sq Ft:2,185 / 2,120DOM:29 / 24New:0Total:8
5 Beds
Avg:$586,000Median:$579,000Range:$550,000 – $629,000PSF:$268 / $276Sq Ft:2,229 / 2,096DOM:70 / 55New:0Total:3
6 Beds
Avg:$558,000Median:$550,000Range:$515,000 – $609,000PSF:$211 / $205Sq Ft:2,744 / 2,688DOM:19 / 10New:0Total:3
7 Beds
Avg:$650,000Median:$650,000Range:$650,000 – $650,000PSF:—Sq Ft:—DOM:191 / 191New:0Total:1
8 Beds
Avg:$921,950Median:$775,000Range:$775,000 – $1,068,900PSF:$198 / $195Sq Ft:4,636 / 3,969DOM:112 / 112New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $146,614 | $149,900 | $126,900 – $159,900 | $365 / $365 | 402 / 384 | 255 / 261 | 0 | 7 |
| 1 Beds | $226,600 | $264,800 | $115,000 – $300,000 | $318 / $230 | 787 / 539 | 56 / 55 | 0 | 3 |
| 2 Beds | $325,419 | $360,000 | $60,000 – $480,000 | $349 / $370 | 973 / 818 | 57 / 38 | 0 | 21 |
| 3 Beds | $415,247 | $415,000 | $215,000 – $895,000 | $297 / $306 | 1,453 / 1,345 | 64 / 29 | 1 | 39 |
| 4 Beds | $545,350 | $549,900 | $389,900 – $649,997 | $257 / $265 | 2,185 / 2,120 | 29 / 24 | 0 | 8 |
| 5 Beds | $586,000 | $579,000 | $550,000 – $629,000 | $268 / $276 | 2,229 / 2,096 | 70 / 55 | 0 | 3 |
| 6 Beds | $558,000 | $550,000 | $515,000 – $609,000 | $211 / $205 | 2,744 / 2,688 | 19 / 10 | 0 | 3 |
| 7 Beds | $650,000 | $650,000 | $650,000 – $650,000 | — | — | 191 / 191 | 0 | 1 |
| 8 Beds | $921,950 | $775,000 | $775,000 – $1,068,900 | $198 / $195 | 4,636 / 3,969 | 112 / 112 | 0 | 2 |
Rental Market Overview
Median Rent
$1,509
+0.9%
Median DOM
1
0.0%
New Listings
26
Inventory
88
−4.3%
- Average Rent: $1,692
- Median Rent: $1,509
- Rent Range: $995 – $3,575
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 916 / 860
- Square Footage Range: 400 – 2,400
- Days on Market (Avg/Median): 13 / 1
- Days on Market Range: 1 – 263
- New Listings: 26
- Total Listings: 88
Rentals by Property Type
Apartment
$1,482
Median DOM: 1
Inventory: 71
MoM: +0.9%
Condo
$1,399
Median DOM: 1
Inventory: 1
MoM: +0.9%
Single Family
$2,550
Median DOM: 1
Inventory: 13
MoM: +0.9%
Townhouse
$1,450
Median DOM: 13
Inventory: 2
MoM: +0.9%
Apartment
Avg/Median Rent$1,558 / $1,482Range$995 – $2,721Rent per Sq Ft$2 / $2Sq Ft839 / 798DOM16 / 1New25Total71
Condo
Avg/Median Rent$1,399 / $1,399Range$1,399 – $1,399Rent per Sq Ft$2 / $2Sq Ft900 / 900DOM1 / 1New0Total1
Multi-Family
Avg/Median Rent$1,645 / $1,645Range$1,645 – $1,645Rent per Sq Ft$2 / $2Sq Ft800 / 800DOM1 / 1New0Total1
Single Family
Avg/Median Rent$2,408 / $2,550Range$1,235 – $3,575Rent per Sq Ft$2 / $2Sq Ft1,318 / 1,100DOM1 / 1New1Total13
Townhouse
Avg/Median Rent$1,974 / $1,450Range$1,450 – $2,499Rent per Sq Ft$2 / $2Sq Ft1,131 / 762DOM26 / 13New0Total2
Rentals by Bedroom Count
Studio
Avg:$1,051Median:$1,051Range:$1,051 – $1,051PSF:$3 / $3Sq Ft:400 / 400DOM:—New:0Total:1
1 Beds
Avg:$1,355Median:$1,349Range:$995 – $1,575PSF:$2 / $2Sq Ft:635 / 607DOM:14 / 1New:8Total:30
2 Beds
Avg:$1,679Median:$1,625Range:$1,175 – $2,417PSF:$2 / $2Sq Ft:962 / 950DOM:11 / 1New:17Total:46
3 Beds
Avg:$2,568Median:$2,550Range:$2,095 – $2,795PSF:$2 / $2Sq Ft:1,305 / 1,250DOM:29 / 1New:0Total:8
4 Beds
Avg:$2,937Median:$2,875Range:$2,875 – $2,999PSF:$1 / $1Sq Ft:2,065 / 1,756DOM:1 / 1New:0Total:2
5 Beds
Avg:$3,575Median:$3,575Range:$3,575 – $3,575PSF:$1 / $1Sq Ft:2,400 / 2,400DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,051 | $1,051 | $1,051 – $1,051 | $3 / $3 | 400 / 400 | — | 0 | 1 |
| 1 Beds | $1,355 | $1,349 | $995 – $1,575 | $2 / $2 | 635 / 607 | 14 / 1 | 8 | 30 |
| 2 Beds | $1,679 | $1,625 | $1,175 – $2,417 | $2 / $2 | 962 / 950 | 11 / 1 | 17 | 46 |
| 3 Beds | $2,568 | $2,550 | $2,095 – $2,795 | $2 / $2 | 1,305 / 1,250 | 29 / 1 | 0 | 8 |
| 4 Beds | $2,937 | $2,875 | $2,875 – $2,999 | $1 / $1 | 2,065 / 1,756 | 1 / 1 | 0 | 2 |
| 5 Beds | $3,575 | $3,575 | $3,575 – $3,575 | $1 / $1 | 2,400 / 2,400 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$395,000Median DOM:22New:19Total:67
Mar 2026
Median Price:$399,900Median DOM:36New:19Total:72
Apr 2026
Median Price:$399,900Median DOM:35New:22Total:81
May 2026
Median Price:$399,900Median DOM:38New:22Total:88
Jun 2026
Median Price:$409,900Median DOM:37New:23Total:96
Jul 2026
Median Price:$404,900Median DOM:39New:1Total:92
6-Month Rental Trend
Feb 2026
Median Rent:$1,745Median DOM:1New:46Total:73
Mar 2026
Median Rent:$1,643Median DOM:1New:53Total:86
Apr 2026
Median Rent:$1,550Median DOM:1New:64Total:96
May 2026
Median Rent:$1,509Median DOM:1New:65Total:98
Jun 2026
Median Rent:$1,495Median DOM:1New:53Total:92
Jul 2026
Median Rent:$1,509Median DOM:1New:26Total:88
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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