ZIP 97221 Housing Market Report
Portland Metro
Report period: August 2026
97221 Monthly Market Update – August 2026
ZIP 97221 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$889,999
+4.7%
Median DOM (Sales)
54
+8.0%
New Listings (Sales)
9
−35.7%
Median Rent
$1,695
+2.7%
Median DOM (Rental)
1
0.0%
Total Rental Listings
57
+1.8%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (50 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($3,000,000 median)
Sales Market Overview
Median Price
$889,999
+4.7%
Median DOM
54
+8.0%
New Listings
9
−35.7%
Inventory
104
+6.1%
- Average Price: $1,139,646
- Median Price: $889,999
- Price Range: $130,000 – $4,500,000
- Price per Sq Ft (Avg/Median): $349 / $324
- Square Footage (Avg/Median): 3,364 / 3,124
- Square Footage Range: 896 – 10,963
- Days on Market (Avg/Median): 70 / 54
- Days on Market Range: 1 – 359
- New Listings: 9
- Total Listings: 104
Sales by Property Type
Condo
Avg/Median Price$301,800 / $237,000Range$215,000 – $429,000Price per Sq Ft$244 / $240Sq Ft1,217 / 1,137DOM148 / 92New0Total5
Land
Avg/Median Price$365,686 / $300,000Range$130,000 – $650,000Price per Sq Ft—Sq Ft—DOM162 / 162New0Total7
Single Family
Avg/Median Price$1,296,575 / $1,035,000Range$379,900 – $4,500,000Price per Sq Ft$360 / $339Sq Ft3,611 / 3,328DOM64 / 50New9Total87
Townhouse
Avg/Median Price$330,480 / $279,000Range$235,000 – $549,900Price per Sq Ft$271 / $247Sq Ft1,219 / 1,032DOM75 / 93New0Total5
Sales by Bedroom Count
2 Beds
Avg:$319,667Median:$255,000Range:$215,000 – $594,500PSF:$245 / $228Sq Ft:1,380 / 1,135DOM:120 / 95New:0Total:9
3 Beds
Avg:$812,862Median:$630,000Range:$399,000 – $4,310,000PSF:$381 / $345Sq Ft:2,077 / 1,981DOM:67 / 53New:2Total:29
4 Beds
Avg:$1,303,397Median:$1,195,000Range:$379,900 – $2,598,000PSF:$347 / $315Sq Ft:3,738 / 3,495DOM:60 / 48New:4Total:39
5 Beds
Avg:$1,690,053Median:$1,595,000Range:$599,000 – $3,500,000PSF:$350 / $322Sq Ft:4,766 / 5,000DOM:62 / 59New:3Total:17
6 Beds
Avg:$3,475,000Median:$2,450,000Range:$2,450,000 – $4,500,000PSF:$431 / $404Sq Ft:7,936 / 6,057DOM:83 / 49New:0Total:2
7 Beds
Avg:$3,000,000Median:$3,000,000Range:$3,000,000 – $3,000,000PSF:$274 / $274Sq Ft:10,963 / 10,963DOM:123 / 123New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $319,667 | $255,000 | $215,000 – $594,500 | $245 / $228 | 1,380 / 1,135 | 120 / 95 | 0 | 9 |
| 3 Beds | $812,862 | $630,000 | $399,000 – $4,310,000 | $381 / $345 | 2,077 / 1,981 | 67 / 53 | 2 | 29 |
| 4 Beds | $1,303,397 | $1,195,000 | $379,900 – $2,598,000 | $347 / $315 | 3,738 / 3,495 | 60 / 48 | 4 | 39 |
| 5 Beds | $1,690,053 | $1,595,000 | $599,000 – $3,500,000 | $350 / $322 | 4,766 / 5,000 | 62 / 59 | 3 | 17 |
| 6 Beds | $3,475,000 | $2,450,000 | $2,450,000 – $4,500,000 | $431 / $404 | 7,936 / 6,057 | 83 / 49 | 0 | 2 |
| 7 Beds | $3,000,000 | $3,000,000 | $3,000,000 – $3,000,000 | $274 / $274 | 10,963 / 10,963 | 123 / 123 | 0 | 1 |
Rental Market Overview
Median Rent
$1,695
+2.7%
Median DOM
1
0.0%
New Listings
28
Inventory
57
+1.8%
- Average Rent: $2,210
- Median Rent: $1,695
- Rent Range: $1,075 – $9,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,093 / 896
- Square Footage Range: 388 – 4,104
- Days on Market (Avg/Median): 12 / 1
- Days on Market Range: 1 – 254
- New Listings: 28
- Total Listings: 57
Rentals by Property Type
Apartment
$1,649
Median DOM: 1
Inventory: 35
MoM: +2.7%
Condo
$1,250
Median DOM: 1
Inventory: 3
MoM: +2.7%
Single Family
$2,450
Median DOM: 1
Inventory: 17
MoM: +2.7%
Townhouse
$1,600
Median DOM: 3
Inventory: 2
MoM: +2.7%
Apartment
Avg/Median Rent$1,636 / $1,649Range$1,075 – $2,375Rent per Sq Ft$2 / $2Sq Ft839 / 832DOM19 / 1New18Total35
Condo
Avg/Median Rent$1,398 / $1,250Range$1,250 – $1,695Rent per Sq Ft$2 / $2Sq Ft827 / 800DOM1 / 1New3Total3
Single Family
Avg/Median Rent$3,593 / $2,450Range$1,395 – $9,500Rent per Sq Ft$2 / $2Sq Ft1,630 / 1,300DOM2 / 1New7Total17
Townhouse
Avg/Median Rent$1,724 / $1,600Range$1,600 – $1,849Rent per Sq Ft$2 / $2Sq Ft993 / 886DOM10 / 3New0Total2
Rentals by Bedroom Count
Studio
Avg:$1,075Median:$1,075Range:$1,075 – $1,075PSF:$3 / $3Sq Ft:388 / 388DOM:1 / 1New:1Total:2
1 Beds
Avg:$1,463Median:$1,425Range:$1,175 – $1,950PSF:$2 / $2Sq Ft:647 / 650DOM:49 / 1New:4Total:12
2 Beds
Avg:$1,656Median:$1,695Range:$1,250 – $2,375PSF:$2 / $2Sq Ft:907 / 896DOM:8 / 1New:16Total:29
3 Beds
Avg:$3,122Median:$2,375Range:$2,300 – $6,550PSF:$2 / $2Sq Ft:1,549 / 1,300DOM:4 / 1New:5Total:10
4 Beds
Avg:$6,761Median:$6,250Range:$4,795 – $9,500PSF:$2 / $2Sq Ft:2,944 / 2,301DOM:1 / 1New:2Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,075 | $1,075 | $1,075 – $1,075 | $3 / $3 | 388 / 388 | 1 / 1 | 1 | 2 |
| 1 Beds | $1,463 | $1,425 | $1,175 – $1,950 | $2 / $2 | 647 / 650 | 49 / 1 | 4 | 12 |
| 2 Beds | $1,656 | $1,695 | $1,250 – $2,375 | $2 / $2 | 907 / 896 | 8 / 1 | 16 | 29 |
| 3 Beds | $3,122 | $2,375 | $2,300 – $6,550 | $2 / $2 | 1,549 / 1,300 | 4 / 1 | 5 | 10 |
| 4 Beds | $6,761 | $6,250 | $4,795 – $9,500 | $2 / $2 | 2,944 / 2,301 | 1 / 1 | 2 | 4 |
6-Month Sales Trend
Mar 2026
Median Price:$785,000Median DOM:33New:24Total:68
Apr 2026
Median Price:$810,000Median DOM:30New:31Total:85
May 2026
Median Price:$899,900Median DOM:31New:25Total:99
Jun 2026
Median Price:$849,900Median DOM:33New:29Total:103
Jul 2026
Median Price:$850,000Median DOM:50New:14Total:98
Aug 2026
Median Price:$889,999Median DOM:54New:9Total:104
6-Month Rental Trend
Mar 2026
Median Rent:$1,517Median DOM:1New:23Total:50
Apr 2026
Median Rent:$1,495Median DOM:1New:25Total:45
May 2026
Median Rent:$1,575Median DOM:1New:27Total:49
Jun 2026
Median Rent:$1,680Median DOM:1New:23Total:51
Jul 2026
Median Rent:$1,650Median DOM:1New:35Total:56
Aug 2026
Median Rent:$1,695Median DOM:1New:28Total:57
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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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