ZIP 97218 Housing Market Report
Portland Metro
Report period: May 2026
97218 Monthly Market Update – May 2026
ZIP 97218 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$429,000
−4.6%
Median DOM (Sales)
32
−8.6%
New Listings (Sales)
7
−56.3%
Median Rent
$1,695
0.0%
Median DOM (Rental)
6
−33.3%
Total Rental Listings
53
+8.2%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (13 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 7 Beds ($5,173,900 median)
Sales Market Overview
Median Price
$429,000
−4.6%
Median DOM
32
−8.6%
New Listings
7
−56.3%
Inventory
78
−1.3%
- Average Price: $525,986
- Median Price: $429,000
- Price Range: $59,000 – $5,173,900
- Price per Sq Ft (Avg/Median): $336 / $337
- Square Footage (Avg/Median): 1,583 / 1,249
- Square Footage Range: 389 – 12,080
- Days on Market (Avg/Median): 65 / 32
- Days on Market Range: 3 – 299
- New Listings: 7
- Total Listings: 78
Sales by Property Type
Condo
Avg/Median Price$348,648 / $359,900Range$161,920 – $475,000Price per Sq Ft$366 / $365Sq Ft948 / 922DOM102 / 75New1Total12
Land
Avg/Median Price$502,450 / $339,900Range$339,900 – $665,000Price per Sq Ft—Sq Ft—DOM171 / 171New0Total2
Manufactured
Avg/Median Price$155,725 / $68,900Range$59,000 – $250,000Price per Sq Ft$174 / $152Sq Ft902 / 399DOM31 / 25New0Total4
Multi-Family
Avg/Median Price$1,440,393 / $799,900Range$415,000 – $5,173,900Price per Sq Ft$339 / $312Sq Ft3,817 / 2,208DOM69 / 44New0Total7
Single Family
Avg/Median Price$472,976 / $429,900Range$299,000 – $695,000Price per Sq Ft$339 / $337Sq Ft1,530 / 1,384DOM54 / 13New6Total50
Townhouse
Avg/Median Price$494,600 / $343,900Range$339,900 – $800,000Price per Sq Ft$371 / $364Sq Ft1,440 / 945DOM64 / 56New0Total3
Sales by Bedroom Count
Studio
Avg:$161,920Median:$161,920Range:$161,920 – $161,920PSF:$321 / $321Sq Ft:504 / 504DOM:213 / 213New:0Total:1
1 Beds
Avg:$217,000Median:$59,000Range:$59,000 – $375,000PSF:$320 / $152Sq Ft:578 / 389DOM:29 / 18New:0Total:2
2 Beds
Avg:$356,287Median:$359,900Range:$68,900 – $465,000PSF:$385 / $395Sq Ft:943 / 855DOM:68 / 49New:4Total:27
3 Beds
Avg:$487,996Median:$470,000Range:$245,000 – $999,000PSF:$323 / $340Sq Ft:1,565 / 1,378DOM:57 / 14New:1Total:25
4 Beds
Avg:$540,973Median:$574,900Range:$375,000 – $665,000PSF:$281 / $277Sq Ft:1,994 / 1,702DOM:46 / 19New:2Total:13
5 Beds
Avg:$846,250Median:$680,000Range:$625,000 – $1,400,000PSF:$299 / $308Sq Ft:2,215 / 2,208DOM:11 / 6New:0Total:4
6 Beds
Avg:$671,633Median:$799,900Range:$415,000 – $800,000PSF:$259 / $307Sq Ft:2,595 / 2,603DOM:79 / 88New:0Total:3
7 Beds
Avg:$5,173,900Median:$5,173,900Range:$5,173,900 – $5,173,900PSF:$428 / $428Sq Ft:12,080 / 12,080DOM:299 / 299New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $161,920 | $161,920 | $161,920 – $161,920 | $321 / $321 | 504 / 504 | 213 / 213 | 0 | 1 |
| 1 Beds | $217,000 | $59,000 | $59,000 – $375,000 | $320 / $152 | 578 / 389 | 29 / 18 | 0 | 2 |
| 2 Beds | $356,287 | $359,900 | $68,900 – $465,000 | $385 / $395 | 943 / 855 | 68 / 49 | 4 | 27 |
| 3 Beds | $487,996 | $470,000 | $245,000 – $999,000 | $323 / $340 | 1,565 / 1,378 | 57 / 14 | 1 | 25 |
| 4 Beds | $540,973 | $574,900 | $375,000 – $665,000 | $281 / $277 | 1,994 / 1,702 | 46 / 19 | 2 | 13 |
| 5 Beds | $846,250 | $680,000 | $625,000 – $1,400,000 | $299 / $308 | 2,215 / 2,208 | 11 / 6 | 0 | 4 |
| 6 Beds | $671,633 | $799,900 | $415,000 – $800,000 | $259 / $307 | 2,595 / 2,603 | 79 / 88 | 0 | 3 |
| 7 Beds | $5,173,900 | $5,173,900 | $5,173,900 – $5,173,900 | $428 / $428 | 12,080 / 12,080 | 299 / 299 | 0 | 1 |
Rental Market Overview
Median Rent
$1,695
0.0%
Median DOM
6
−33.3%
New Listings
16
Inventory
53
+8.2%
- Average Rent: $1,654
- Median Rent: $1,695
- Rent Range: $550 – $3,200
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 897 / 835
- Square Footage Range: 270 – 2,004
- Days on Market (Avg/Median): 46 / 6
- Days on Market Range: 1 – 288
- New Listings: 16
- Total Listings: 53
Rentals by Property Type
Apartment
$1,295
Median DOM: 28
Inventory: 28
MoM: 0.0%
Condo
$1,595
Median DOM: 1
Inventory: 3
MoM: 0.0%
Single Family
$2,100
Median DOM: 1
Inventory: 17
MoM: 0.0%
Townhouse
$2,200
Median DOM: 20
Inventory: 5
MoM: 0.0%
Apartment
Avg/Median Rent$1,364 / $1,295Range$550 – $2,200Rent per Sq Ft$2 / $2Sq Ft753 / 702DOM60 / 28New7Total28
Condo
Avg/Median Rent$1,680 / $1,595Range$1,450 – $1,995Rent per Sq Ft$2 / $2Sq Ft879 / 879DOM1 / 1New2Total3
Single Family
Avg/Median Rent$1,982 / $2,100Range$600 – $3,200Rent per Sq Ft$2 / $2Sq Ft1,107 / 1,100DOM31 / 1New7Total17
Townhouse
Avg/Median Rent$2,140 / $2,200Range$1,349 – $2,850Rent per Sq Ft$2 / $2Sq Ft984 / 900DOM50 / 20New0Total5
Rentals by Bedroom Count
Studio
Avg:$798Median:$650Range:$550 – $1,195PSF:$2 / $1Sq Ft:336 / 270DOM:4 / 3New:1Total:3
1 Beds
Avg:$1,238Median:$1,099Range:$600 – $2,850PSF:$2 / $2Sq Ft:643 / 550DOM:41 / 5New:7Total:18
2 Beds
Avg:$1,853Median:$1,695Range:$1,295 – $3,200PSF:$2 / $2Sq Ft:952 / 879DOM:63 / 20New:5Total:20
3 Beds
Avg:$2,074Median:$1,999Range:$1,795 – $2,450PSF:$2 / $2Sq Ft:1,219 / 1,114DOM:38 / 1New:2Total:11
4 Beds
Avg:$3,100Median:$3,100Range:$3,100 – $3,100PSF:$2 / $2Sq Ft:2,004 / 2,004DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $798 | $650 | $550 – $1,195 | $2 / $1 | 336 / 270 | 4 / 3 | 1 | 3 |
| 1 Beds | $1,238 | $1,099 | $600 – $2,850 | $2 / $2 | 643 / 550 | 41 / 5 | 7 | 18 |
| 2 Beds | $1,853 | $1,695 | $1,295 – $3,200 | $2 / $2 | 952 / 879 | 63 / 20 | 5 | 20 |
| 3 Beds | $2,074 | $1,999 | $1,795 – $2,450 | $2 / $2 | 1,219 / 1,114 | 38 / 1 | 2 | 11 |
| 4 Beds | $3,100 | $3,100 | $3,100 – $3,100 | $2 / $2 | 2,004 / 2,004 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$465,000Median DOM:71New:7Total:70
Jan 2026
Median Price:$409,000Median DOM:70New:15Total:64
Feb 2026
Median Price:$415,000Median DOM:52New:13Total:63
Mar 2026
Median Price:$429,000Median DOM:45New:25Total:77
Apr 2026
Median Price:$449,500Median DOM:35New:16Total:79
May 2026
Median Price:$429,000Median DOM:32New:7Total:78
6-Month Rental Trend
Dec 2025
Median Rent:$1,995Median DOM:31New:21Total:52
Jan 2026
Median Rent:$2,100Median DOM:22New:30Total:64
Feb 2026
Median Rent:$2,100Median DOM:24New:20Total:62
Mar 2026
Median Rent:$1,900Median DOM:11New:20Total:54
Apr 2026
Median Rent:$1,695Median DOM:9New:20Total:49
May 2026
Median Rent:$1,695Median DOM:6New:16Total:53
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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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