ZIP 97216 Housing Market Report
Portland Metro
Report period: May 2026
97216 Monthly Market Update – May 2026
ZIP 97216 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$399,900
0.0%
Median DOM (Sales)
34
−2.9%
New Listings (Sales)
6
−72.7%
Median Rent
$1,546
−0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
92
−4.2%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (18 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($799,900 median)
Sales Market Overview
Median Price
$399,900
0.0%
Median DOM
34
−2.9%
New Listings
6
−72.7%
Inventory
84
+3.7%
- Average Price: $448,460
- Median Price: $399,900
- Price Range: $66,000 – $4,500,000
- Price per Sq Ft (Avg/Median): $315 / $327
- Square Footage (Avg/Median): 1,334 / 1,235
- Square Footage Range: 384 – 5,302
- Days on Market (Avg/Median): 63 / 34
- Days on Market Range: 1 – 313
- New Listings: 6
- Total Listings: 84
Sales by Property Type
Condo
Avg/Median Price$286,897 / $260,000Range$126,900 – $419,800Price per Sq Ft$300 / $327Sq Ft1,023 / 1,224DOM91 / 69New0Total32
Land
Avg/Median Price$1,950,000 / $820,000Range$530,000 – $4,500,000Price per Sq Ft—Sq Ft—DOM78 / 75New0Total3
Manufactured
Avg/Median Price$69,500 / $66,000Range$66,000 – $73,000Price per Sq Ft$88 / $84Sq Ft792 / 784DOM77 / 34New0Total2
Multi-Family
Avg/Median Price$679,800 / $675,000Range$375,000 – $1,068,900Price per Sq Ft$287 / $229Sq Ft2,667 / 1,640DOM85 / 52New1Total7
Single Family
Avg/Median Price$448,247 / $435,000Range$264,500 – $895,000Price per Sq Ft$343 / $360Sq Ft1,427 / 1,240DOM36 / 18New5Total38
Townhouse
Avg/Median Price$354,450 / $299,000Range$299,000 – $409,900Price per Sq Ft$341 / $302Sq Ft1,072 / 789DOM37 / 24New0Total2
Sales by Bedroom Count
Studio
Avg:$146,233Median:$149,900Range:$126,900 – $159,900PSF:$364 / $364Sq Ft:402 / 402DOM:179 / 201New:0Total:9
1 Beds
Avg:$282,400Median:$264,800Range:$264,800 – $300,000PSF:$370 / $230Sq Ft:911 / 520DOM:54 / 4New:1Total:2
2 Beds
Avg:$310,588Median:$299,000Range:$66,000 – $495,000PSF:$330 / $378Sq Ft:963 / 810DOM:57 / 34New:1Total:17
3 Beds
Avg:$421,200Median:$399,900Range:$240,000 – $895,000PSF:$309 / $321Sq Ft:1,418 / 1,247DOM:48 / 29New:3Total:41
4 Beds
Avg:$483,340Median:$450,000Range:$419,800 – $558,000PSF:$264 / $269Sq Ft:1,883 / 1,935DOM:8 / 8New:1Total:5
5 Beds
Avg:$582,500Median:$565,000Range:$565,000 – $600,000PSF:$298 / $286Sq Ft:1,962 / 1,829DOM:49 / 30New:0Total:2
6 Beds
Avg:$632,500Median:$395,000Range:$395,000 – $870,000PSF:$294 / $229Sq Ft:2,071 / 1,725DOM:116 / 80New:0Total:2
7 Beds
Avg:$675,000Median:$675,000Range:$675,000 – $675,000PSF:—Sq Ft:—DOM:147 / 147New:0Total:1
8 Beds
Avg:$934,400Median:$799,900Range:$799,900 – $1,068,900PSF:$202 / $202Sq Ft:4,636 / 3,969DOM:52 / 52New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $146,233 | $149,900 | $126,900 – $159,900 | $364 / $364 | 402 / 402 | 179 / 201 | 0 | 9 |
| 1 Beds | $282,400 | $264,800 | $264,800 – $300,000 | $370 / $230 | 911 / 520 | 54 / 4 | 1 | 2 |
| 2 Beds | $310,588 | $299,000 | $66,000 – $495,000 | $330 / $378 | 963 / 810 | 57 / 34 | 1 | 17 |
| 3 Beds | $421,200 | $399,900 | $240,000 – $895,000 | $309 / $321 | 1,418 / 1,247 | 48 / 29 | 3 | 41 |
| 4 Beds | $483,340 | $450,000 | $419,800 – $558,000 | $264 / $269 | 1,883 / 1,935 | 8 / 8 | 1 | 5 |
| 5 Beds | $582,500 | $565,000 | $565,000 – $600,000 | $298 / $286 | 1,962 / 1,829 | 49 / 30 | 0 | 2 |
| 6 Beds | $632,500 | $395,000 | $395,000 – $870,000 | $294 / $229 | 2,071 / 1,725 | 116 / 80 | 0 | 2 |
| 7 Beds | $675,000 | $675,000 | $675,000 – $675,000 | — | — | 147 / 147 | 0 | 1 |
| 8 Beds | $934,400 | $799,900 | $799,900 – $1,068,900 | $202 / $202 | 4,636 / 3,969 | 52 / 52 | 0 | 2 |
Rental Market Overview
Median Rent
$1,546
−0.3%
Median DOM
1
0.0%
New Listings
45
Inventory
92
−4.2%
- Average Rent: $1,760
- Median Rent: $1,546
- Rent Range: $1,050 – $3,200
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 905 / 900
- Square Footage Range: 360 – 1,850
- Days on Market (Avg/Median): 13 / 1
- Days on Market Range: 1 – 300
- New Listings: 45
- Total Listings: 92
Rentals by Property Type
Apartment
$1,500
Median DOM: 1
Inventory: 66
MoM: −0.3%
Condo
$1,195
Median DOM: 1
Inventory: 4
MoM: −0.3%
Single Family
$2,400
Median DOM: 1
Inventory: 17
MoM: −0.3%
Townhouse
$1,500
Median DOM: 1
Inventory: 4
MoM: −0.3%
Apartment
Avg/Median Rent$1,643 / $1,500Range$1,051 – $2,948Rent per Sq Ft$2 / $2Sq Ft863 / 817DOM16 / 1New32Total66
Condo
Avg/Median Rent$1,510 / $1,195Range$1,050 – $2,395Rent per Sq Ft$2 / $2Sq Ft810 / 900DOM1 / 1New2Total4
Multi-Family
Avg/Median Rent$1,645 / $1,645Range$1,645 – $1,645Rent per Sq Ft$2 / $2Sq Ft800 / 800DOM1 / 1New1Total1
Single Family
Avg/Median Rent$2,360 / $2,400Range$1,795 – $3,200Rent per Sq Ft$2 / $2Sq Ft1,139 / 1,052DOM9 / 1New8Total17
Townhouse
Avg/Median Rent$1,438 / $1,500Range$1,050 – $1,700Rent per Sq Ft$2 / $2Sq Ft667 / 762DOM1 / 1New2Total4
Rentals by Bedroom Count
Studio
Avg:$1,108Median:$1,051Range:$1,050 – $1,222PSF:$3 / $3Sq Ft:398 / 400DOM:151 / 1New:0Total:3
1 Beds
Avg:$1,372Median:$1,344Range:$1,050 – $1,625PSF:$2 / $2Sq Ft:623 / 625DOM:6 / 1New:12Total:26
2 Beds
Avg:$1,742Median:$1,700Range:$1,175 – $2,541PSF:$2 / $2Sq Ft:950 / 950DOM:9 / 1New:28Total:49
3 Beds
Avg:$2,635Median:$2,550Range:$2,295 – $3,200PSF:$2 / $2Sq Ft:1,332 / 1,348DOM:22 / 1New:3Total:12
4 Beds
Avg:$2,974Median:$2,949Range:$2,949 – $2,999PSF:$2 / $2Sq Ft:1,682 / 1,607DOM:1 / 1New:2Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,108 | $1,051 | $1,050 – $1,222 | $3 / $3 | 398 / 400 | 151 / 1 | 0 | 3 |
| 1 Beds | $1,372 | $1,344 | $1,050 – $1,625 | $2 / $2 | 623 / 625 | 6 / 1 | 12 | 26 |
| 2 Beds | $1,742 | $1,700 | $1,175 – $2,541 | $2 / $2 | 950 / 950 | 9 / 1 | 28 | 49 |
| 3 Beds | $2,635 | $2,550 | $2,295 – $3,200 | $2 / $2 | 1,332 / 1,348 | 22 / 1 | 3 | 12 |
| 4 Beds | $2,974 | $2,949 | $2,949 – $2,999 | $2 / $2 | 1,682 / 1,607 | 1 / 1 | 2 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$379,000Median DOM:54New:9Total:58
Jan 2026
Median Price:$359,900Median DOM:53New:15Total:53
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:34New:6Total:84
6-Month Rental Trend
Dec 2025
Median Rent:$1,550Median DOM:1New:26Total:49
Jan 2026
Median Rent:$1,650Median DOM:1New:28Total:55
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:$1,546Median DOM:1New:45Total:92
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 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.
970059700697007970089702497027970309703497035970609706297068970709720197202972039720497205972069720997210972119721297213972149721597216972179721897219+14 more
← Back to Portland Metro