ZIP 97220 Housing Market Report
Portland Metro
Report period: May 2026
97220 Monthly Market Update – May 2026
ZIP 97220 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$439,900
+1.1%
Median DOM (Sales)
19
−13.6%
New Listings (Sales)
16
−54.3%
Median Rent
$1,495
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
100
+1.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (3 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 8 Beds ($774,999 median)
Sales Market Overview
Median Price
$439,900
+1.1%
Median DOM
19
−13.6%
New Listings
16
−54.3%
Inventory
133
+10.8%
- Average Price: $492,882
- Median Price: $439,900
- Price Range: $75,000 – $3,225,000
- Price per Sq Ft (Avg/Median): $294 / $271
- Square Footage (Avg/Median): 1,838 / 1,536
- Square Footage Range: 517 – 10,480
- Days on Market (Avg/Median): 53 / 19
- Days on Market Range: 1 – 348
- New Listings: 16
- Total Listings: 133
Sales by Property Type
Condo
Avg/Median Price$291,321 / $255,000Range$134,900 – $459,000Price per Sq Ft$288 / $261Sq Ft1,027 / 1,099DOM68 / 54New1Total14
Land
Avg/Median Price$534,950 / $199,800Range$75,000 – $2,800,000Price per Sq Ft—Sq Ft—DOM157 / 62New0Total8
Multi-Family
Avg/Median Price$794,519 / $585,000Range$425,000 – $3,225,000Price per Sq Ft$230 / $203Sq Ft3,602 / 3,192DOM56 / 63New1Total13
Single Family
Avg/Median Price$476,422 / $449,000Range$299,000 – $1,250,000Price per Sq Ft$299 / $271Sq Ft1,766 / 1,560DOM44 / 14New13Total96
Townhouse
Avg/Median Price$564,950 / $380,000Range$380,000 – $749,900Price per Sq Ft$446 / $291Sq Ft1,276 / 1,248DOM19 / 3New1Total2
Sales by Bedroom Count
1 Beds
Avg:$173,267Median:$189,900Range:$134,900 – $195,000PSF:$322 / $339Sq Ft:537 / 533DOM:101 / 93New:1Total:3
2 Beds
Avg:$407,517Median:$399,900Range:$185,000 – $749,900PSF:$363 / $328Sq Ft:1,185 / 1,226DOM:42 / 10New:6Total:35
3 Beds
Avg:$501,530Median:$439,900Range:$245,000 – $3,225,000PSF:$290 / $291Sq Ft:1,796 / 1,508DOM:46 / 18New:7Total:50
4 Beds
Avg:$556,830Median:$499,000Range:$375,000 – $1,250,000PSF:$235 / $208Sq Ft:2,501 / 2,372DOM:51 / 19New:2Total:27
5 Beds
Avg:$583,300Median:$575,000Range:$499,900 – $675,000PSF:$230 / $232Sq Ft:2,528 / 2,436DOM:17 / 17New:0Total:3
6 Beds
Avg:$553,738Median:$559,950Range:$500,000 – $585,000PSF:$217 / $194Sq Ft:2,682 / 2,360DOM:82 / 44New:0Total:4
8 Beds
Avg:$805,000Median:$774,999Range:$765,000 – $875,000PSF:$195 / $196Sq Ft:4,121 / 4,096DOM:51 / 21New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $173,267 | $189,900 | $134,900 – $195,000 | $322 / $339 | 537 / 533 | 101 / 93 | 1 | 3 |
| 2 Beds | $407,517 | $399,900 | $185,000 – $749,900 | $363 / $328 | 1,185 / 1,226 | 42 / 10 | 6 | 35 |
| 3 Beds | $501,530 | $439,900 | $245,000 – $3,225,000 | $290 / $291 | 1,796 / 1,508 | 46 / 18 | 7 | 50 |
| 4 Beds | $556,830 | $499,000 | $375,000 – $1,250,000 | $235 / $208 | 2,501 / 2,372 | 51 / 19 | 2 | 27 |
| 5 Beds | $583,300 | $575,000 | $499,900 – $675,000 | $230 / $232 | 2,528 / 2,436 | 17 / 17 | 0 | 3 |
| 6 Beds | $553,738 | $559,950 | $500,000 – $585,000 | $217 / $194 | 2,682 / 2,360 | 82 / 44 | 0 | 4 |
| 8 Beds | $805,000 | $774,999 | $765,000 – $875,000 | $195 / $196 | 4,121 / 4,096 | 51 / 21 | 0 | 3 |
Rental Market Overview
Median Rent
$1,495
0.0%
Median DOM
1
0.0%
New Listings
33
Inventory
100
+1.0%
- Average Rent: $1,685
- Median Rent: $1,495
- Rent Range: $995 – $3,200
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 900 / 874
- Square Footage Range: 345 – 2,461
- Days on Market (Avg/Median): 48 / 1
- Days on Market Range: 1 – 273
- New Listings: 33
- Total Listings: 100
Rentals by Property Type
Apartment
$1,475
Median DOM: 34
Inventory: 65
MoM: 0.0%
Condo
$1,275
Median DOM: 1
Inventory: 10
MoM: 0.0%
Single Family
$2,250
Median DOM: 1
Inventory: 23
MoM: 0.0%
Townhouse
$1,895
Median DOM: 1
Inventory: 2
MoM: 0.0%
Apartment
Avg/Median Rent$1,486 / $1,475Range$995 – $2,195Rent per Sq Ft$2 / $2Sq Ft814 / 874DOM75 / 34New14Total65
Condo
Avg/Median Rent$1,339 / $1,275Range$1,115 – $1,800Rent per Sq Ft$2 / $2Sq Ft664 / 650DOM5 / 1New7Total10
Single Family
Avg/Median Rent$2,345 / $2,250Range$1,250 – $3,200Rent per Sq Ft$2 / $2Sq Ft1,212 / 1,040DOM4 / 1New11Total23
Townhouse
Avg/Median Rent$2,298 / $1,895Range$1,895 – $2,700Rent per Sq Ft$2 / $2Sq Ft1,100 / 800DOM7 / 1New1Total2
Rentals by Bedroom Count
Studio
Avg:$1,070Median:$1,080Range:$995 – $1,125PSF:$3 / $2Sq Ft:404 / 400DOM:123 / 92New:0Total:4
1 Beds
Avg:$1,250Median:$1,250Range:$995 – $1,659PSF:$2 / $2Sq Ft:610 / 624DOM:30 / 1New:8Total:25
2 Beds
Avg:$1,669Median:$1,565Range:$1,216 – $2,730PSF:$2 / $2Sq Ft:870 / 876DOM:57 / 1New:18Total:51
3 Beds
Avg:$2,235Median:$2,245Range:$1,650 – $2,875PSF:$2 / $2Sq Ft:1,294 / 1,080DOM:39 / 1New:5Total:15
4 Beds
Avg:$2,879Median:$2,800Range:$2,495 – $3,200PSF:$2 / $2Sq Ft:1,702 / 1,715DOM:1 / 1New:2Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,070 | $1,080 | $995 – $1,125 | $3 / $2 | 404 / 400 | 123 / 92 | 0 | 4 |
| 1 Beds | $1,250 | $1,250 | $995 – $1,659 | $2 / $2 | 610 / 624 | 30 / 1 | 8 | 25 |
| 2 Beds | $1,669 | $1,565 | $1,216 – $2,730 | $2 / $2 | 870 / 876 | 57 / 1 | 18 | 51 |
| 3 Beds | $2,235 | $2,245 | $1,650 – $2,875 | $2 / $2 | 1,294 / 1,080 | 39 / 1 | 5 | 15 |
| 4 Beds | $2,879 | $2,800 | $2,495 – $3,200 | $2 / $2 | 1,702 / 1,715 | 1 / 1 | 2 | 5 |
6-Month Sales Trend
Dec 2025
Median Price:$440,000Median DOM:65New:12Total:111
Jan 2026
Median Price:$419,900Median DOM:65New:29Total:108
Feb 2026
Median Price:$429,000Median DOM:50New:22Total:111
Mar 2026
Median Price:$430,000Median DOM:25New:39Total:121
Apr 2026
Median Price:$435,000Median DOM:22New:35Total:120
May 2026
Median Price:$439,900Median DOM:19New:16Total:133
6-Month Rental Trend
Dec 2025
Median Rent:$1,495Median DOM:1New:59Total:116
Jan 2026
Median Rent:$1,495Median DOM:1New:67Total:133
Feb 2026
Median Rent:$1,545Median DOM:1New:52Total:120
Mar 2026
Median Rent:$1,545Median DOM:1New:45Total:118
Apr 2026
Median Rent:$1,495Median DOM:1New:43Total:99
May 2026
Median Rent:$1,495Median DOM:1New:33Total:100
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. 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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