ZIP 97218 Housing Market Report
Portland Metro
Report period: August 2026
97218 Monthly Market Update – August 2026
ZIP 97218 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$450,000
0.0%
Median DOM (Sales)
46
+7.0%
New Listings (Sales)
3
−78.6%
Median Rent
$1,495
0.0%
Median DOM (Rental)
2
+100.0%
Total Rental Listings
44
+2.3%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Manufactured (3 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($1,400,000 median)
Sales Market Overview
Median Price
$450,000
0.0%
Median DOM
46
+7.0%
New Listings
3
−78.6%
Inventory
58
−1.7%
- Average Price: $499,512
- Median Price: $450,000
- Price Range: $46,000 – $2,309,900
- Price per Sq Ft (Avg/Median): $329 / $333
- Square Footage (Avg/Median): 1,548 / 1,242
- Square Footage Range: 389 – 5,500
- Days on Market (Avg/Median): 83 / 46
- Days on Market Range: 3 – 322
- New Listings: 3
- Total Listings: 58
Sales by Property Type
Condo
Avg/Median Price$385,612 / $445,000Range$161,920 – $475,000Price per Sq Ft$397 / $410Sq Ft968 / 964DOM151 / 148New0Total10
Land
Avg/Median Price$95,000 / $95,000Range$95,000 – $95,000Price per Sq Ft—Sq Ft—DOM26 / 26New0Total1
Manufactured
Avg/Median Price$47,500 / $46,000Range$46,000 – $49,000Price per Sq Ft$121 / $118Sq Ft391 / 389DOM67 / 3New1Total2
Multi-Family
Avg/Median Price$979,383 / $550,000Range$429,900 – $2,309,900Price per Sq Ft$307 / $257Sq Ft2,745 / 2,428DOM54 / 46New0Total6
Single Family
Avg/Median Price$488,443 / $465,000Range$299,990 – $1,199,000Price per Sq Ft$326 / $324Sq Ft1,603 / 1,516DOM72 / 26New2Total39
Sales by Bedroom Count
Studio
Avg:$161,920Median:$161,920Range:$161,920 – $161,920PSF:$321 / $321Sq Ft:504 / 504DOM:305 / 305New:0Total:1
1 Beds
Avg:$47,500Median:$46,000Range:$46,000 – $49,000PSF:$121 / $118Sq Ft:391 / 389DOM:67 / 3New:1Total:2
2 Beds
Avg:$404,624Median:$429,900Range:$199,900 – $550,000PSF:$379 / $404Sq Ft:1,104 / 1,086DOM:108 / 76New:0Total:17
3 Beds
Avg:$454,904Median:$465,000Range:$299,990 – $615,000PSF:$350 / $343Sq Ft:1,349 / 1,180DOM:65 / 19New:0Total:21
4 Beds
Avg:$543,664Median:$575,000Range:$339,900 – $670,000PSF:$265 / $269Sq Ft:2,108 / 1,920DOM:80 / 46New:2Total:11
5 Beds
Avg:$1,400,000Median:$1,400,000Range:$1,400,000 – $1,400,000PSF:—Sq Ft:—DOM:103 / 103New:0Total:1
6 Beds
Avg:$550,000Median:$550,000Range:$550,000 – $550,000PSF:$227 / $227Sq Ft:2,428 / 2,428DOM:44 / 44New:0Total:1
7 Beds
Avg:$1,199,000Median:$1,199,000Range:$1,199,000 – $1,199,000PSF:$284 / $284Sq Ft:4,225 / 4,225DOM:13 / 13New:0Total:1
8 Beds
Avg:$1,529,450Median:$749,000Range:$749,000 – $2,309,900PSF:$337 / $254Sq Ft:4,226 / 2,953DOM:31 / 31New:0Total:2
| 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 | 305 / 305 | 0 | 1 |
| 1 Beds | $47,500 | $46,000 | $46,000 – $49,000 | $121 / $118 | 391 / 389 | 67 / 3 | 1 | 2 |
| 2 Beds | $404,624 | $429,900 | $199,900 – $550,000 | $379 / $404 | 1,104 / 1,086 | 108 / 76 | 0 | 17 |
| 3 Beds | $454,904 | $465,000 | $299,990 – $615,000 | $350 / $343 | 1,349 / 1,180 | 65 / 19 | 0 | 21 |
| 4 Beds | $543,664 | $575,000 | $339,900 – $670,000 | $265 / $269 | 2,108 / 1,920 | 80 / 46 | 2 | 11 |
| 5 Beds | $1,400,000 | $1,400,000 | $1,400,000 – $1,400,000 | — | — | 103 / 103 | 0 | 1 |
| 6 Beds | $550,000 | $550,000 | $550,000 – $550,000 | $227 / $227 | 2,428 / 2,428 | 44 / 44 | 0 | 1 |
| 7 Beds | $1,199,000 | $1,199,000 | $1,199,000 – $1,199,000 | $284 / $284 | 4,225 / 4,225 | 13 / 13 | 0 | 1 |
| 8 Beds | $1,529,450 | $749,000 | $749,000 – $2,309,900 | $337 / $254 | 4,226 / 2,953 | 31 / 31 | 0 | 2 |
Rental Market Overview
Median Rent
$1,495
0.0%
Median DOM
2
+100.0%
New Listings
15
Inventory
44
+2.3%
- Average Rent: $1,829
- Median Rent: $1,495
- Rent Range: $475 – $3,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 987 / 784
- Square Footage Range: 250 – 2,804
- Days on Market (Avg/Median): 50 / 2
- Days on Market Range: 1 – 359
- New Listings: 15
- Total Listings: 44
Rentals by Property Type
Apartment
$1,299
Median DOM: 47
Inventory: 18
MoM: 0.0%
Condo
$1,495
Median DOM: 1
Inventory: 5
MoM: 0.0%
Single Family
$2,595
Median DOM: 1
Inventory: 17
MoM: 0.0%
Townhouse
$2,200
Median DOM: 1
Inventory: 4
MoM: 0.0%
Apartment
Avg/Median Rent$1,339 / $1,299Range$700 – $2,300Rent per Sq Ft$2 / $2Sq Ft702 / 706DOM94 / 47New4Total18
Condo
Avg/Median Rent$1,392 / $1,495Range$475 – $2,000Rent per Sq Ft$2 / $2Sq Ft778 / 620DOM8 / 1New2Total5
Single Family
Avg/Median Rent$2,408 / $2,595Range$999 – $3,500Rent per Sq Ft$2 / $2Sq Ft1,344 / 1,116DOM34 / 1New8Total17
Townhouse
Avg/Median Rent$2,124 / $2,200Range$1,349 – $2,745Rent per Sq Ft$2 / $2Sq Ft1,050 / 1,000DOM7 / 1New1Total4
Rentals by Bedroom Count
Studio
Avg:$999Median:$999Range:$999 – $999PSF:$1 / $1Sq Ft:1,664 / 1,664DOM:57 / 1New:0Total:2
1 Beds
Avg:$1,173Median:$1,195Range:$700 – $1,495PSF:$2 / $2Sq Ft:599 / 650DOM:104 / 76New:2Total:13
2 Beds
Avg:$1,854Median:$1,695Range:$1,349 – $3,500PSF:$2 / $2Sq Ft:817 / 784DOM:41 / 3New:7Total:17
3 Beds
Avg:$2,335Median:$2,595Range:$475 – $3,295PSF:$2 / $2Sq Ft:1,254 / 1,160DOM:15 / 1New:2Total:7
4 Beds
Avg:$3,022Median:$2,995Range:$2,745 – $3,250PSF:$2 / $2Sq Ft:1,945 / 2,004DOM:1 / 1New:3Total:4
5 Beds
Avg:$3,295Median:$3,295Range:$3,295 – $3,295PSF:$1 / $1Sq Ft:2,804 / 2,804DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $999 | $999 | $999 – $999 | $1 / $1 | 1,664 / 1,664 | 57 / 1 | 0 | 2 |
| 1 Beds | $1,173 | $1,195 | $700 – $1,495 | $2 / $2 | 599 / 650 | 104 / 76 | 2 | 13 |
| 2 Beds | $1,854 | $1,695 | $1,349 – $3,500 | $2 / $2 | 817 / 784 | 41 / 3 | 7 | 17 |
| 3 Beds | $2,335 | $2,595 | $475 – $3,295 | $2 / $2 | 1,254 / 1,160 | 15 / 1 | 2 | 7 |
| 4 Beds | $3,022 | $2,995 | $2,745 – $3,250 | $2 / $2 | 1,945 / 2,004 | 1 / 1 | 3 | 4 |
| 5 Beds | $3,295 | $3,295 | $3,295 – $3,295 | $1 / $1 | 2,804 / 2,804 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$429,000Median DOM:45New:25Total:77
Apr 2026
Median Price:$449,500Median DOM:35New:16Total:79
May 2026
Median Price:$437,500Median DOM:31New:17Total:67
Jun 2026
Median Price:$449,500Median DOM:39New:14Total:63
Jul 2026
Median Price:$450,000Median DOM:43New:14Total:59
Aug 2026
Median Price:$450,000Median DOM:46New:3Total:58
6-Month Rental Trend
Mar 2026
Median Rent:$1,900Median DOM:11New:20Total:54
Apr 2026
Median Rent:$1,695Median DOM:9New:20Total:49
May 2026
Median Rent:$1,595Median DOM:5New:22Total:54
Jun 2026
Median Rent:$1,499Median DOM:5New:19Total:53
Jul 2026
Median Rent:$1,495Median DOM:1New:18Total:43
Aug 2026
Median Rent:$1,495Median DOM:2New:15Total:44
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market lengthened, signaling slower 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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