ZIP 97217 Housing Market Report
Portland Metro
Report period: May 2026
97217 Monthly Market Update – May 2026
ZIP 97217 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$449,999
+0.2%
Median DOM (Sales)
38
−7.3%
New Listings (Sales)
24
−68.8%
Median Rent
$1,599
−0.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
444
−0.4%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (16 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($739,900 median)
Sales Market Overview
Median Price
$449,999
+0.2%
Median DOM
38
−7.3%
New Listings
24
−68.8%
Inventory
301
+3.4%
- Average Price: $489,745
- Median Price: $449,999
- Price Range: $39,900 – $4,350,000
- Price per Sq Ft (Avg/Median): $315 / $317
- Square Footage (Avg/Median): 1,663 / 1,502
- Square Footage Range: 290 – 10,606
- Days on Market (Avg/Median): 71 / 38
- Days on Market Range: 1 – 365
- New Listings: 24
- Total Listings: 301
Sales by Property Type
Condo
Avg/Median Price$347,093 / $299,900Range$99,000 – $799,000Price per Sq Ft$340 / $335Sq Ft1,126 / 943DOM96 / 64New5Total101
Land
Avg/Median Price$465,971 / $360,000Range$199,900 – $1,299,000Price per Sq Ft—Sq Ft—DOM141 / 146New0Total7
Manufactured
Avg/Median Price$130,391 / $149,900Range$39,900 – $199,950Price per Sq Ft$98 / $103Sq Ft1,309 / 1,404DOM20 / 17New2Total9
Multi-Family
Avg/Median Price$1,254,550 / $635,000Range$425,000 – $4,350,000Price per Sq Ft$315 / $301Sq Ft4,146 / 2,755DOM120 / 72New0Total12
Single Family
Avg/Median Price$547,765 / $525,000Range$89,000 – $1,270,000Price per Sq Ft$306 / $300Sq Ft1,893 / 1,866DOM51 / 16New16Total159
Townhouse
Avg/Median Price$444,031 / $379,900Range$320,000 – $700,000Price per Sq Ft$391 / $340Sq Ft1,195 / 1,077DOM81 / 68New1Total13
Sales by Bedroom Count
Studio
Avg:$185,999Median:$203,999Range:$89,000 – $239,000PSF:$543 / $550Sq Ft:361 / 373DOM:91 / 57New:0Total:7
1 Beds
Avg:$360,086Median:$249,000Range:$99,000 – $4,350,000PSF:$381 / $393Sq Ft:939 / 651DOM:67 / 57New:1Total:39
2 Beds
Avg:$398,140Median:$375,000Range:$39,900 – $1,050,000PSF:$312 / $320Sq Ft:1,338 / 1,152DOM:86 / 49New:11Total:102
3 Beds
Avg:$531,487Median:$524,900Range:$69,985 – $1,270,000PSF:$300 / $304Sq Ft:1,825 / 1,856DOM:61 / 29New:10Total:95
4 Beds
Avg:$658,336Median:$625,000Range:$459,900 – $1,099,000PSF:$280 / $276Sq Ft:2,428 / 2,541DOM:44 / 14New:2Total:39
5 Beds
Avg:$1,068,338Median:$739,900Range:$425,000 – $3,400,000PSF:$269 / $275Sq Ft:4,146 / 3,141DOM:42 / 9New:0Total:8
6 Beds
Avg:$870,725Median:$549,000Range:$549,000 – $1,749,900PSF:$274 / $245Sq Ft:2,998 / 2,276DOM:98 / 37New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $185,999 | $203,999 | $89,000 – $239,000 | $543 / $550 | 361 / 373 | 91 / 57 | 0 | 7 |
| 1 Beds | $360,086 | $249,000 | $99,000 – $4,350,000 | $381 / $393 | 939 / 651 | 67 / 57 | 1 | 39 |
| 2 Beds | $398,140 | $375,000 | $39,900 – $1,050,000 | $312 / $320 | 1,338 / 1,152 | 86 / 49 | 11 | 102 |
| 3 Beds | $531,487 | $524,900 | $69,985 – $1,270,000 | $300 / $304 | 1,825 / 1,856 | 61 / 29 | 10 | 95 |
| 4 Beds | $658,336 | $625,000 | $459,900 – $1,099,000 | $280 / $276 | 2,428 / 2,541 | 44 / 14 | 2 | 39 |
| 5 Beds | $1,068,338 | $739,900 | $425,000 – $3,400,000 | $269 / $275 | 4,146 / 3,141 | 42 / 9 | 0 | 8 |
| 6 Beds | $870,725 | $549,000 | $549,000 – $1,749,900 | $274 / $245 | 2,998 / 2,276 | 98 / 37 | 0 | 4 |
Rental Market Overview
Median Rent
$1,599
−0.2%
Median DOM
1
0.0%
New Listings
167
Inventory
444
−0.4%
- Average Rent: $1,807
- Median Rent: $1,599
- Rent Range: $909 – $6,261
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 799 / 692
- Square Footage Range: 275 – 4,000
- Days on Market (Avg/Median): 34 / 1
- Days on Market Range: 1 – 361
- New Listings: 167
- Total Listings: 444
Rentals by Property Type
Apartment
$1,539
Median DOM: 1
Inventory: 339
MoM: −0.2%
Condo
$1,475
Median DOM: 1
Inventory: 27
MoM: −0.2%
Single Family
$2,485
Median DOM: 1
Inventory: 64
MoM: −0.2%
Townhouse
$2,495
Median DOM: 1
Inventory: 6
MoM: −0.2%
Apartment
Avg/Median Rent$1,672 / $1,539Range$909 – $6,261Rent per Sq Ft$2 / $2Sq Ft713 / 673DOM37 / 1New134Total339
Condo
Avg/Median Rent$1,752 / $1,475Range$1,175 – $3,159Rent per Sq Ft$3 / $3Sq Ft709 / 575DOM4 / 1New14Total27
Multi-Family
Avg/Median Rent$1,181 / $1,000Range$950 – $1,995Rent per Sq Ft$5 / $5Sq Ft400 / 400DOM222 / 228New0Total8
Single Family
Avg/Median Rent$2,561 / $2,485Range$1,295 – $5,995Rent per Sq Ft$2 / $2Sq Ft1,238 / 980DOM14 / 1New19Total64
Townhouse
Avg/Median Rent$2,476 / $2,495Range$2,095 – $2,795Rent per Sq Ft$2 / $2Sq Ft1,233 / 880DOM1 / 1New0Total6
Rentals by Bedroom Count
Studio
Avg:$1,314Median:$1,299Range:$950 – $2,250PSF:$3 / $3Sq Ft:442 / 440DOM:33 / 1New:23Total:66
1 Beds
Avg:$1,536Median:$1,499Range:$909 – $2,395PSF:$2 / $2Sq Ft:645 / 668DOM:42 / 1New:95Total:233
2 Beds
Avg:$2,296Median:$2,250Range:$1,300 – $6,261PSF:$2 / $2Sq Ft:1,050 / 1,000DOM:23 / 1New:36Total:108
3 Beds
Avg:$2,793Median:$2,595Range:$2,150 – $5,500PSF:$2 / $2Sq Ft:1,435 / 1,364DOM:14 / 1New:12Total:28
4 Beds
Avg:$3,071Median:$3,095Range:$2,675 – $3,390PSF:$2 / $2Sq Ft:1,799 / 1,695DOM:2 / 1New:1Total:7
5 Beds
Avg:$4,895Median:$3,795Range:$3,795 – $5,995PSF:$2 / $1Sq Ft:3,232 / 2,934DOM:1 / 1New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,314 | $1,299 | $950 – $2,250 | $3 / $3 | 442 / 440 | 33 / 1 | 23 | 66 |
| 1 Beds | $1,536 | $1,499 | $909 – $2,395 | $2 / $2 | 645 / 668 | 42 / 1 | 95 | 233 |
| 2 Beds | $2,296 | $2,250 | $1,300 – $6,261 | $2 / $2 | 1,050 / 1,000 | 23 / 1 | 36 | 108 |
| 3 Beds | $2,793 | $2,595 | $2,150 – $5,500 | $2 / $2 | 1,435 / 1,364 | 14 / 1 | 12 | 28 |
| 4 Beds | $3,071 | $3,095 | $2,675 – $3,390 | $2 / $2 | 1,799 / 1,695 | 2 / 1 | 1 | 7 |
| 5 Beds | $4,895 | $3,795 | $3,795 – $5,995 | $2 / $1 | 3,232 / 2,934 | 1 / 1 | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$449,000Median DOM:96New:18Total:219
Jan 2026
Median Price:$439,999Median DOM:94New:47Total:199
Feb 2026
Median Price:$449,000Median DOM:54New:52Total:220
Mar 2026
Median Price:$445,000Median DOM:34New:79Total:250
Apr 2026
Median Price:$449,000Median DOM:41New:77Total:291
May 2026
Median Price:$449,999Median DOM:38New:24Total:301
6-Month Rental Trend
Dec 2025
Median Rent:$1,639Median DOM:1New:119Total:268
Jan 2026
Median Rent:$1,663Median DOM:1New:165Total:330
Feb 2026
Median Rent:$1,694Median DOM:1New:190Total:357
Mar 2026
Median Rent:$1,599Median DOM:1New:167Total:357
Apr 2026
Median Rent:$1,602Median DOM:1New:244Total:446
May 2026
Median Rent:$1,599Median DOM:1New:167Total:444
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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