ZIP 97220 Housing Market Report
Portland Metro
Report period: August 2026
97220 Monthly Market Update – August 2026
ZIP 97220 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$439,000
−1.3%
Median DOM (Sales)
33
−13.2%
New Listings (Sales)
11
−67.6%
Median Rent
$1,495
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
88
−11.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (15 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 8 Beds ($774,999 median)
Sales Market Overview
Median Price
$439,000
−1.3%
Median DOM
33
−13.2%
New Listings
11
−67.6%
Inventory
136
−2.2%
- Average Price: $504,549
- Median Price: $439,000
- Price Range: $50,000 – $3,225,000
- Price per Sq Ft (Avg/Median): $287 / $273
- Square Footage (Avg/Median): 1,912 / 1,613
- Square Footage Range: 505 – 10,480
- Days on Market (Avg/Median): 56 / 33
- Days on Market Range: 2 – 308
- New Listings: 11
- Total Listings: 136
Sales by Property Type
Condo
Avg/Median Price$251,207 / $225,000Range$134,999 – $419,000Price per Sq Ft$272 / $250Sq Ft985 / 776DOM60 / 15New5Total14
Land
Avg/Median Price$695,383 / $275,000Range$50,000 – $2,700,000Price per Sq Ft—Sq Ft—DOM105 / 121New0Total12
Multi-Family
Avg/Median Price$1,074,816 / $649,999Range$399,000 – $3,225,000Price per Sq Ft$247 / $203Sq Ft4,745 / 4,096DOM116 / 154New0Total6
Single Family
Avg/Median Price$485,359 / $449,900Range$249,900 – $950,000Price per Sq Ft$286 / $266Sq Ft1,943 / 1,680DOM49 / 32New6Total97
Townhouse
Avg/Median Price$461,214 / $399,900Range$359,000 – $749,900Price per Sq Ft$354 / $324Sq Ft1,309 / 1,248DOM49 / 46New0Total7
Sales by Bedroom Count
1 Beds
Avg:$158,725Median:$149,900Range:$134,999 – $195,000PSF:$307 / $292Sq Ft:516 / 513DOM:61 / 38New:0Total:4
2 Beds
Avg:$379,883Median:$339,000Range:$179,000 – $749,900PSF:$337 / $285Sq Ft:1,268 / 1,248DOM:53 / 31New:4Total:26
3 Beds
Avg:$497,167Median:$430,000Range:$210,000 – $3,225,000PSF:$293 / $282Sq Ft:1,796 / 1,524DOM:48 / 25New:5Total:59
4 Beds
Avg:$550,173Median:$514,900Range:$249,900 – $950,000PSF:$250 / $207Sq Ft:2,432 / 2,270DOM:59 / 41New:2Total:27
5 Beds
Avg:$631,225Median:$570,000Range:$554,900 – $775,000PSF:$179 / $176Sq Ft:3,819 / 3,064DOM:49 / 53New:0Total:4
6 Beds
Avg:$649,900Median:$649,900Range:$649,900 – $649,900PSF:$199 / $199Sq Ft:3,261 / 3,261DOM:9 / 9New:0Total:1
8 Beds
Avg:$799,966Median:$774,999Range:$749,900 – $875,000PSF:$194 / $196Sq Ft:4,121 / 4,096DOM:131 / 90New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $158,725 | $149,900 | $134,999 – $195,000 | $307 / $292 | 516 / 513 | 61 / 38 | 0 | 4 |
| 2 Beds | $379,883 | $339,000 | $179,000 – $749,900 | $337 / $285 | 1,268 / 1,248 | 53 / 31 | 4 | 26 |
| 3 Beds | $497,167 | $430,000 | $210,000 – $3,225,000 | $293 / $282 | 1,796 / 1,524 | 48 / 25 | 5 | 59 |
| 4 Beds | $550,173 | $514,900 | $249,900 – $950,000 | $250 / $207 | 2,432 / 2,270 | 59 / 41 | 2 | 27 |
| 5 Beds | $631,225 | $570,000 | $554,900 – $775,000 | $179 / $176 | 3,819 / 3,064 | 49 / 53 | 0 | 4 |
| 6 Beds | $649,900 | $649,900 | $649,900 – $649,900 | $199 / $199 | 3,261 / 3,261 | 9 / 9 | 0 | 1 |
| 8 Beds | $799,966 | $774,999 | $749,900 – $875,000 | $194 / $196 | 4,121 / 4,096 | 131 / 90 | 0 | 3 |
Rental Market Overview
Median Rent
$1,495
0.0%
Median DOM
1
0.0%
New Listings
26
Inventory
88
−11.1%
- Average Rent: $1,628
- Median Rent: $1,495
- Rent Range: $895 – $3,495
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 899 / 874
- Square Footage Range: 323 – 2,070
- Days on Market (Avg/Median): 58 / 1
- Days on Market Range: 1 – 354
- New Listings: 26
- Total Listings: 88
Rentals by Property Type
Apartment
$1,395
Median DOM: 77
Inventory: 52
MoM: 0.0%
Condo
$1,395
Median DOM: 1
Inventory: 7
MoM: 0.0%
Single Family
$1,895
Median DOM: 1
Inventory: 23
MoM: 0.0%
Townhouse
$1,895
Median DOM: 1
Inventory: 3
MoM: 0.0%
Apartment
Avg/Median Rent$1,407 / $1,395Range$895 – $2,000Rent per Sq Ft$2 / $2Sq Ft810 / 840DOM99 / 77New8Total52
Condo
Avg/Median Rent$1,525 / $1,395Range$1,145 – $2,295Rent per Sq Ft$2 / $2Sq Ft926 / 802DOM1 / 1New4Total7
Multi-Family
Avg/Median Rent$2,198 / $2,350Range$1,750 – $2,495Rent per Sq Ft$1 / $1Sq Ft1,531 / 1,796DOM1 / 1New1Total3
Single Family
Avg/Median Rent$2,045 / $1,895Range$1,250 – $3,495Rent per Sq Ft$2 / $2Sq Ft988 / 950DOM13 / 1New13Total23
Townhouse
Avg/Median Rent$1,947 / $1,895Range$1,795 – $2,150Rent per Sq Ft$2 / $2Sq Ft991 / 800DOM14 / 1New0Total3
Rentals by Bedroom Count
Studio
Avg:$1,036Median:$995Range:$895 – $1,250PSF:$2 / $2Sq Ft:533 / 460DOM:68 / 77New:1Total:8
1 Beds
Avg:$1,306Median:$1,295Range:$1,100 – $1,659PSF:$2 / $2Sq Ft:653 / 650DOM:63 / 1New:7Total:21
2 Beds
Avg:$1,655Median:$1,550Range:$1,195 – $2,500PSF:$2 / $2Sq Ft:916 / 885DOM:56 / 5New:14Total:44
3 Beds
Avg:$2,275Median:$2,350Range:$1,400 – $3,495PSF:$2 / $2Sq Ft:1,322 / 1,100DOM:61 / 1New:3Total:13
4 Beds
Avg:$2,572Median:$2,150Range:$2,150 – $2,995PSF:$2 / $2Sq Ft:1,554 / 1,400DOM:1 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,036 | $995 | $895 – $1,250 | $2 / $2 | 533 / 460 | 68 / 77 | 1 | 8 |
| 1 Beds | $1,306 | $1,295 | $1,100 – $1,659 | $2 / $2 | 653 / 650 | 63 / 1 | 7 | 21 |
| 2 Beds | $1,655 | $1,550 | $1,195 – $2,500 | $2 / $2 | 916 / 885 | 56 / 5 | 14 | 44 |
| 3 Beds | $2,275 | $2,350 | $1,400 – $3,495 | $2 / $2 | 1,322 / 1,100 | 61 / 1 | 3 | 13 |
| 4 Beds | $2,572 | $2,150 | $2,150 – $2,995 | $2 / $2 | 1,554 / 1,400 | 1 / 1 | 1 | 2 |
6-Month Sales Trend
Mar 2026
Median Price:$430,000Median DOM:25New:39Total:121
Apr 2026
Median Price:$435,000Median DOM:22New:35Total:120
May 2026
Median Price:$449,900Median DOM:24New:40Total:129
Jun 2026
Median Price:$449,000Median DOM:37New:38Total:134
Jul 2026
Median Price:$445,000Median DOM:38New:34Total:139
Aug 2026
Median Price:$439,000Median DOM:33New:11Total:136
6-Month Rental Trend
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:47Total:108
Jun 2026
Median Rent:$1,550Median DOM:1New:34Total:99
Jul 2026
Median Rent:$1,495Median DOM:1New:46Total:99
Aug 2026
Median Rent:$1,495Median DOM:1New:26Total:88
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 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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