ZIP 97217 Housing Market Report
Portland Metro
Report period: August 2026
97217 Monthly Market Update – August 2026
ZIP 97217 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$435,000
+2.4%
Median DOM (Sales)
53
+1.9%
New Listings (Sales)
10
−80.0%
Median Rent
$1,685
+3.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
445
+0.2%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (29 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($1,595,000 median)
Sales Market Overview
Median Price
$435,000
+2.4%
Median DOM
53
+1.9%
New Listings
10
−80.0%
Inventory
319
+0.6%
- Average Price: $495,214
- Median Price: $435,000
- Price Range: $69,000 – $4,350,000
- Price per Sq Ft (Avg/Median): $312 / $309
- Square Footage (Avg/Median): 1,667 / 1,545
- Square Footage Range: 290 – 10,596
- Days on Market (Avg/Median): 79 / 53
- Days on Market Range: 1 – 365
- New Listings: 10
- Total Listings: 319
Sales by Property Type
Condo
Avg/Median Price$322,011 / $289,900Range$155,000 – $749,900Price per Sq Ft$325 / $327Sq Ft1,108 / 913DOM106 / 90New1Total116
Land
Avg/Median Price$748,756 / $450,000Range$199,900 – $2,500,000Price per Sq Ft—Sq Ft—DOM143 / 62New0Total9
Manufactured
Avg/Median Price$157,930 / $169,900Range$129,950 – $185,000Price per Sq Ft$109 / $114Sq Ft1,469 / 1,404DOM78 / 71New0Total5
Multi-Family
Avg/Median Price$1,083,872 / $659,950Range$450,000 – $4,350,000Price per Sq Ft$343 / $294Sq Ft3,215 / 2,680DOM72 / 54New0Total20
Single Family
Avg/Median Price$545,584 / $549,900Range$69,000 – $1,150,000Price per Sq Ft$302 / $301Sq Ft1,920 / 1,910DOM54 / 29New9Total152
Townhouse
Avg/Median Price$499,135 / $409,900Range$309,900 – $749,000Price per Sq Ft$334 / $338Sq Ft1,573 / 1,197DOM95 / 79New0Total17
Sales by Bedroom Count
Studio
Avg:$178,571Median:$187,500Range:$89,000 – $239,000PSF:$515 / $514Sq Ft:361 / 373DOM:182 / 148New:0Total:7
1 Beds
Avg:$341,964Median:$235,000Range:$69,000 – $4,350,000PSF:$367 / $364Sq Ft:923 / 675DOM:98 / 83New:2Total:48
2 Beds
Avg:$386,328Median:$360,000Range:$129,950 – $1,295,000PSF:$309 / $316Sq Ft:1,319 / 1,120DOM:96 / 71New:1Total:96
3 Beds
Avg:$526,874Median:$549,900Range:$110,000 – $1,150,000PSF:$284 / $294Sq Ft:1,919 / 1,950DOM:58 / 32New:2Total:99
4 Beds
Avg:$651,989Median:$649,000Range:$397,500 – $989,000PSF:$286 / $292Sq Ft:2,346 / 2,320DOM:46 / 21New:4Total:45
5 Beds
Avg:$974,078Median:$739,900Range:$499,000 – $1,969,900PSF:$362 / $301Sq Ft:3,045 / 3,329DOM:57 / 50New:1Total:9
6 Beds
Avg:$924,180Median:$724,000Range:$549,000 – $1,749,900PSF:$292 / $291Sq Ft:3,068 / 2,406DOM:94 / 30New:0Total:5
8 Beds
Avg:$1,595,000Median:$1,595,000Range:$1,595,000 – $1,595,000PSF:$423 / $423Sq Ft:3,774 / 3,774DOM:9 / 9New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $178,571 | $187,500 | $89,000 – $239,000 | $515 / $514 | 361 / 373 | 182 / 148 | 0 | 7 |
| 1 Beds | $341,964 | $235,000 | $69,000 – $4,350,000 | $367 / $364 | 923 / 675 | 98 / 83 | 2 | 48 |
| 2 Beds | $386,328 | $360,000 | $129,950 – $1,295,000 | $309 / $316 | 1,319 / 1,120 | 96 / 71 | 1 | 96 |
| 3 Beds | $526,874 | $549,900 | $110,000 – $1,150,000 | $284 / $294 | 1,919 / 1,950 | 58 / 32 | 2 | 99 |
| 4 Beds | $651,989 | $649,000 | $397,500 – $989,000 | $286 / $292 | 2,346 / 2,320 | 46 / 21 | 4 | 45 |
| 5 Beds | $974,078 | $739,900 | $499,000 – $1,969,900 | $362 / $301 | 3,045 / 3,329 | 57 / 50 | 1 | 9 |
| 6 Beds | $924,180 | $724,000 | $549,000 – $1,749,900 | $292 / $291 | 3,068 / 2,406 | 94 / 30 | 0 | 5 |
| 8 Beds | $1,595,000 | $1,595,000 | $1,595,000 – $1,595,000 | $423 / $423 | 3,774 / 3,774 | 9 / 9 | 0 | 1 |
Rental Market Overview
Median Rent
$1,685
+3.1%
Median DOM
1
0.0%
New Listings
169
Inventory
445
+0.2%
- Average Rent: $1,849
- Median Rent: $1,685
- Rent Range: $895 – $9,063
- Rent per Sq Ft (Avg/Median): $3 / $2
- Square Footage (Avg/Median): 821 / 700
- Square Footage Range: 250 – 3,640
- Days on Market (Avg/Median): 33 / 1
- Days on Market Range: 1 – 353
- New Listings: 169
- Total Listings: 445
Rentals by Property Type
Apartment
$1,549
Median DOM: 1
Inventory: 350
MoM: +3.1%
Condo
$1,895
Median DOM: 1
Inventory: 15
MoM: +3.1%
Single Family
$2,562
Median DOM: 1
Inventory: 61
MoM: +3.1%
Townhouse
$2,645
Median DOM: 1
Inventory: 10
MoM: +3.1%
Apartment
Avg/Median Rent$1,720 / $1,549Range$895 – $9,063Rent per Sq Ft$3 / $3Sq Ft712 / 668DOM35 / 1New138Total350
Condo
Avg/Median Rent$1,928 / $1,895Range$999 – $3,095Rent per Sq Ft$2 / $2Sq Ft848 / 747DOM5 / 1New8Total15
Multi-Family
Avg/Median Rent$1,548 / $1,300Range$1,000 – $2,595Rent per Sq Ft$2 / $2Sq Ft1,251 / 1,216DOM163 / 66New0Total9
Single Family
Avg/Median Rent$2,471 / $2,562Range$1,185 – $4,395Rent per Sq Ft$2 / $2Sq Ft1,316 / 1,056DOM10 / 1New22Total61
Townhouse
Avg/Median Rent$2,690 / $2,645Range$2,250 – $3,995Rent per Sq Ft$2 / $2Sq Ft1,344 / 1,056DOM14 / 1New1Total10
Rentals by Bedroom Count
Studio
Avg:$1,289Median:$1,299Range:$895 – $2,158PSF:$3 / $3Sq Ft:435 / 445DOM:49 / 1New:20Total:68
1 Beds
Avg:$1,575Median:$1,500Range:$925 – $2,655PSF:$3 / $3Sq Ft:637 / 646DOM:35 / 1New:86Total:220
2 Beds
Avg:$2,236Median:$2,250Range:$1,225 – $3,500PSF:$2 / $2Sq Ft:1,023 / 968DOM:28 / 1New:50Total:115
3 Beds
Avg:$2,886Median:$2,795Range:$2,195 – $3,995PSF:$2 / $2Sq Ft:1,596 / 1,560DOM:7 / 1New:12Total:34
4 Beds
Avg:$4,206Median:$3,250Range:$2,645 – $9,063PSF:$2 / $1Sq Ft:2,334 / 2,132DOM:46 / 1New:1Total:6
5 Beds
Avg:$3,500Median:$3,500Range:$3,500 – $3,500PSF:$1 / $1Sq Ft:2,992 / 2,992DOM:1 / 1New:0Total:1
6 Beds
Avg:$4,395Median:$4,395Range:$4,395 – $4,395PSF:$1 / $1Sq Ft:3,471 / 3,471DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,289 | $1,299 | $895 – $2,158 | $3 / $3 | 435 / 445 | 49 / 1 | 20 | 68 |
| 1 Beds | $1,575 | $1,500 | $925 – $2,655 | $3 / $3 | 637 / 646 | 35 / 1 | 86 | 220 |
| 2 Beds | $2,236 | $2,250 | $1,225 – $3,500 | $2 / $2 | 1,023 / 968 | 28 / 1 | 50 | 115 |
| 3 Beds | $2,886 | $2,795 | $2,195 – $3,995 | $2 / $2 | 1,596 / 1,560 | 7 / 1 | 12 | 34 |
| 4 Beds | $4,206 | $3,250 | $2,645 – $9,063 | $2 / $1 | 2,334 / 2,132 | 46 / 1 | 1 | 6 |
| 5 Beds | $3,500 | $3,500 | $3,500 – $3,500 | $1 / $1 | 2,992 / 2,992 | 1 / 1 | 0 | 1 |
| 6 Beds | $4,395 | $4,395 | $4,395 – $4,395 | $1 / $1 | 3,471 / 3,471 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$445,000Median DOM:34New:79Total:250
Apr 2026
Median Price:$449,000Median DOM:41New:77Total:291
May 2026
Median Price:$465,000Median DOM:38New:86Total:316
Jun 2026
Median Price:$459,000Median DOM:39New:86Total:337
Jul 2026
Median Price:$425,000Median DOM:52New:50Total:317
Aug 2026
Median Price:$435,000Median DOM:53New:10Total:319
6-Month Rental Trend
Mar 2026
Median Rent:$1,599Median DOM:1New:167Total:357
Apr 2026
Median Rent:$1,602Median DOM:1New:244Total:446
May 2026
Median Rent:$1,575Median DOM:1New:240Total:445
Jun 2026
Median Rent:$1,625Median DOM:1New:240Total:441
Jul 2026
Median Rent:$1,635Median DOM:1New:242Total:444
Aug 2026
Median Rent:$1,685Median DOM:1New:169Total:445
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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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