ZIP 97216 Housing Market Report
Portland Metro
Report period: August 2026
97216 Monthly Market Update – August 2026
ZIP 97216 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$425,000
+1.2%
Median DOM (Sales)
31
−13.9%
New Listings (Sales)
5
−66.7%
Median Rent
$1,482
−0.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
69
−10.4%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (9 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($825,000 median)
Sales Market Overview
Median Price
$425,000
+1.2%
Median DOM
31
−13.9%
New Listings
5
−66.7%
Inventory
85
+3.7%
- Average Price: $486,801
- Median Price: $425,000
- Price Range: $60,000 – $4,500,000
- Price per Sq Ft (Avg/Median): $300 / $300
- Square Footage (Avg/Median): 1,581 / 1,319
- Square Footage Range: 384 – 5,302
- Days on Market (Avg/Median): 64 / 31
- Days on Market Range: 2 – 291
- New Listings: 5
- Total Listings: 85
Sales by Property Type
Condo
Avg/Median Price$258,742 / $230,000Range$115,000 – $459,000Price per Sq Ft$260 / $247Sq Ft1,078 / 1,093DOM117 / 86New0Total19
Land
Avg/Median Price$1,304,000 / $525,000Range$200,000 – $4,500,000Price per Sq Ft—Sq Ft—DOM107 / 131New0Total5
Manufactured
Avg/Median Price$60,000 / $60,000Range$60,000 – $60,000Price per Sq Ft$77 / $77Sq Ft784 / 784DOM209 / 209New0Total1
Multi-Family
Avg/Median Price$666,609 / $609,000Range$285,000 – $1,400,000Price per Sq Ft$234 / $218Sq Ft3,000 / 2,800DOM75 / 40New2Total11
Single Family
Avg/Median Price$461,653 / $435,000Range$249,000 – $780,000Price per Sq Ft$334 / $320Sq Ft1,524 / 1,305DOM37 / 18New3Total48
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:$138,650Median:$134,900Range:$129,900 – $149,900PSF:$343 / $342Sq Ft:405 / 384DOM:291 / 291New:0Total:4
1 Beds
Avg:$115,000Median:$115,000Range:$115,000 – $115,000PSF:$213 / $213Sq Ft:539 / 539DOM:85 / 85New:0Total:1
2 Beds
Avg:$338,097Median:$369,900Range:$60,000 – $480,000PSF:$364 / $364Sq Ft:939 / 1,030DOM:54 / 33New:0Total:17
3 Beds
Avg:$411,150Median:$415,000Range:$215,000 – $780,000PSF:$306 / $302Sq Ft:1,388 / 1,345DOM:59 / 16New:3Total:36
4 Beds
Avg:$531,383Median:$515,000Range:$389,900 – $660,000PSF:$231 / $216Sq Ft:2,355 / 2,216DOM:29 / 16New:1Total:12
5 Beds
Avg:$569,950Median:$540,000Range:$540,000 – $599,900PSF:$256 / $217Sq Ft:2,295 / 1,829DOM:108 / 57New:0Total:2
6 Beds
Avg:$469,667Median:$515,000Range:$285,000 – $609,000PSF:$168 / $118Sq Ft:2,608 / 2,417DOM:93 / 69New:0Total:3
7 Beds
Avg:$650,000Median:$650,000Range:$650,000 – $650,000PSF:—Sq Ft:—DOM:191 / 191New:0Total:1
8 Beds
Avg:$1,015,975Median:$825,000Range:$770,000 – $1,400,000PSF:$238 / $202Sq Ft:4,285 / 3,969DOM:56 / 18New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $138,650 | $134,900 | $129,900 – $149,900 | $343 / $342 | 405 / 384 | 291 / 291 | 0 | 4 |
| 1 Beds | $115,000 | $115,000 | $115,000 – $115,000 | $213 / $213 | 539 / 539 | 85 / 85 | 0 | 1 |
| 2 Beds | $338,097 | $369,900 | $60,000 – $480,000 | $364 / $364 | 939 / 1,030 | 54 / 33 | 0 | 17 |
| 3 Beds | $411,150 | $415,000 | $215,000 – $780,000 | $306 / $302 | 1,388 / 1,345 | 59 / 16 | 3 | 36 |
| 4 Beds | $531,383 | $515,000 | $389,900 – $660,000 | $231 / $216 | 2,355 / 2,216 | 29 / 16 | 1 | 12 |
| 5 Beds | $569,950 | $540,000 | $540,000 – $599,900 | $256 / $217 | 2,295 / 1,829 | 108 / 57 | 0 | 2 |
| 6 Beds | $469,667 | $515,000 | $285,000 – $609,000 | $168 / $118 | 2,608 / 2,417 | 93 / 69 | 0 | 3 |
| 7 Beds | $650,000 | $650,000 | $650,000 – $650,000 | — | — | 191 / 191 | 0 | 1 |
| 8 Beds | $1,015,975 | $825,000 | $770,000 – $1,400,000 | $238 / $202 | 4,285 / 3,969 | 56 / 18 | 1 | 4 |
Rental Market Overview
Median Rent
$1,482
−0.6%
Median DOM
1
0.0%
New Listings
22
Inventory
69
−10.4%
- Average Rent: $1,625
- Median Rent: $1,482
- Rent Range: $995 – $3,575
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 906 / 860
- Square Footage Range: 400 – 2,400
- Days on Market (Avg/Median): 16 / 1
- Days on Market Range: 1 – 277
- New Listings: 22
- Total Listings: 69
Rentals by Property Type
Apartment
$1,453
Median DOM: 1
Inventory: 59
MoM: −0.6%
Condo
$1,074
Median DOM: 1
Inventory: 1
MoM: −0.6%
Single Family
$2,125
Median DOM: 1
Inventory: 6
MoM: −0.6%
Townhouse
$1,625
Median DOM: 60
Inventory: 2
MoM: −0.6%
Apartment
Avg/Median Rent$1,540 / $1,453Range$995 – $3,031Rent per Sq Ft$2 / $2Sq Ft851 / 860DOM17 / 1New18Total59
Condo
Avg/Median Rent$1,074 / $1,074Range$1,074 – $1,074Rent per Sq Ft—Sq Ft—DOM1 / 1New1Total1
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$2,366 / $2,125Range$1,255 – $3,575Rent per Sq Ft$2 / $1Sq Ft1,380 / 1,200DOM2 / 1New3Total6
Townhouse
Avg/Median Rent$2,162 / $1,625Range$1,625 – $2,699Rent per Sq Ft$2 / $2Sq Ft1,150 / 800DOM64 / 60New0Total2
Rentals by Bedroom Count
Studio
Avg:$1,136Median:$1,051Range:$1,051 – $1,222PSF:$3 / $3Sq Ft:418 / 400DOM:—New:0Total:2
1 Beds
Avg:$1,351Median:$1,387Range:$995 – $1,599PSF:$2 / $2Sq Ft:638 / 607DOM:7 / 1New:6Total:22
2 Beds
Avg:$1,622Median:$1,495Range:$1,175 – $2,206PSF:$2 / $2Sq Ft:958 / 950DOM:17 / 1New:11Total:36
3 Beds
Avg:$2,441Median:$2,645Range:$1,695 – $3,031PSF:$2 / $2Sq Ft:1,406 / 1,348DOM:41 / 1New:4Total:7
4 Beds
Avg:$1,074Median:$1,074Range:$1,074 – $1,074PSF:—Sq Ft:—DOM:1 / 1New:1Total:1
5 Beds
Avg:$3,575Median:$3,575Range:$3,575 – $3,575PSF:$1 / $1Sq Ft:2,400 / 2,400DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,136 | $1,051 | $1,051 – $1,222 | $3 / $3 | 418 / 400 | — | 0 | 2 |
| 1 Beds | $1,351 | $1,387 | $995 – $1,599 | $2 / $2 | 638 / 607 | 7 / 1 | 6 | 22 |
| 2 Beds | $1,622 | $1,495 | $1,175 – $2,206 | $2 / $2 | 958 / 950 | 17 / 1 | 11 | 36 |
| 3 Beds | $2,441 | $2,645 | $1,695 – $3,031 | $2 / $2 | 1,406 / 1,348 | 41 / 1 | 4 | 7 |
| 4 Beds | $1,074 | $1,074 | $1,074 – $1,074 | — | — | 1 / 1 | 1 | 1 |
| 5 Beds | $3,575 | $3,575 | $3,575 – $3,575 | $1 / $1 | 2,400 / 2,400 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
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:$420,000Median DOM:36New:15Total:82
Aug 2026
Median Price:$425,000Median DOM:31New:5Total:85
6-Month Rental Trend
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:$1,491Median DOM:1New:35Total:77
Aug 2026
Median Rent:$1,482Median DOM:1New:22Total:69
Key Market Takeaways
Median sale prices moved higher 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.
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