ZIP 97221 Housing Market Report
Portland Metro
Report period: July 2026
97221 Monthly Market Update – July 2026
ZIP 97221 · Last updated Jul 12, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$839,900
−1.2%
Median DOM (Sales)
45
+36.4%
New Listings (Sales)
1
−96.6%
Median Rent
$1,600
−4.8%
Median DOM (Rental)
1
0.0%
Total Rental Listings
55
+7.8%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (33 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($3,000,000 median)
Sales Market Overview
Median Price
$839,900
−1.2%
Median DOM
45
+36.4%
New Listings
1
−96.6%
Inventory
98
−4.9%
- Average Price: $1,134,482
- Median Price: $839,900
- Price Range: $130,000 – $4,500,000
- Price per Sq Ft (Avg/Median): $351 / $324
- Square Footage (Avg/Median): 3,348 / 3,036
- Square Footage Range: 896 – 10,963
- Days on Market (Avg/Median): 64 / 45
- Days on Market Range: 3 – 343
- New Listings: 1
- Total Listings: 98
Sales by Property Type
Condo
Avg/Median Price$329,833 / $254,000Range$225,000 – $439,000Price per Sq Ft$251 / $249Sq Ft1,299 / 1,137DOM113 / 59New0Total6
Land
Avg/Median Price$387,475 / $300,000Range$130,000 – $650,000Price per Sq Ft—Sq Ft—DOM238 / 132New0Total8
Single Family
Avg/Median Price$1,312,462 / $975,000Range$399,900 – $4,500,000Price per Sq Ft$364 / $350Sq Ft3,610 / 3,157DOM55 / 33New1Total80
Townhouse
Avg/Median Price$275,875 / $255,000Range$235,000 – $334,500Price per Sq Ft$237 / $228Sq Ft1,184 / 1,032DOM69 / 65New0Total4
Sales by Bedroom Count
2 Beds
Avg:$377,366Median:$279,000Range:$225,000 – $735,000PSF:$258 / $228Sq Ft:1,519 / 1,137DOM:82 / 59New:0Total:12
3 Beds
Avg:$863,181Median:$675,000Range:$399,000 – $4,310,000PSF:$387 / $358Sq Ft:2,157 / 2,004DOM:60 / 33New:0Total:26
4 Beds
Avg:$1,370,660Median:$1,285,000Range:$399,900 – $2,975,000PSF:$361 / $338Sq Ft:3,744 / 3,512DOM:52 / 24New:1Total:34
5 Beds
Avg:$1,635,069Median:$1,595,000Range:$599,000 – $3,500,000PSF:$336 / $319Sq Ft:4,811 / 5,000DOM:62 / 58New:0Total:13
6 Beds
Avg:$2,562,500Median:$2,200,000Range:$1,100,000 – $4,500,000PSF:$371 / $355Sq Ft:6,553 / 6,057DOM:37 / 8New:0Total:4
7 Beds
Avg:$3,000,000Median:$3,000,000Range:$3,000,000 – $3,000,000PSF:$274 / $274Sq Ft:10,963 / 10,963DOM:93 / 93New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $377,366 | $279,000 | $225,000 – $735,000 | $258 / $228 | 1,519 / 1,137 | 82 / 59 | 0 | 12 |
| 3 Beds | $863,181 | $675,000 | $399,000 – $4,310,000 | $387 / $358 | 2,157 / 2,004 | 60 / 33 | 0 | 26 |
| 4 Beds | $1,370,660 | $1,285,000 | $399,900 – $2,975,000 | $361 / $338 | 3,744 / 3,512 | 52 / 24 | 1 | 34 |
| 5 Beds | $1,635,069 | $1,595,000 | $599,000 – $3,500,000 | $336 / $319 | 4,811 / 5,000 | 62 / 58 | 0 | 13 |
| 6 Beds | $2,562,500 | $2,200,000 | $1,100,000 – $4,500,000 | $371 / $355 | 6,553 / 6,057 | 37 / 8 | 0 | 4 |
| 7 Beds | $3,000,000 | $3,000,000 | $3,000,000 – $3,000,000 | $274 / $274 | 10,963 / 10,963 | 93 / 93 | 0 | 1 |
Rental Market Overview
Median Rent
$1,600
−4.8%
Median DOM
1
0.0%
New Listings
26
Inventory
55
+7.8%
- Average Rent: $2,074
- Median Rent: $1,600
- Rent Range: $1,050 – $6,550
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,100 / 886
- Square Footage Range: 388 – 4,377
- Days on Market (Avg/Median): 25 / 1
- Days on Market Range: 1 – 325
- New Listings: 26
- Total Listings: 55
Rentals by Property Type
Apartment
$1,495
Median DOM: 1
Inventory: 35
MoM: −4.8%
Condo
$1,250
Median DOM: 1
Inventory: 3
MoM: −4.8%
Single Family
$2,450
Median DOM: 1
Inventory: 16
MoM: −4.8%
Townhouse
$1,600
Median DOM: 5
Inventory: 1
MoM: −4.8%
Apartment
Avg/Median Rent$1,541 / $1,495Range$1,050 – $2,300Rent per Sq Ft$2 / $2Sq Ft823 / 850DOM35 / 1New13Total35
Condo
Avg/Median Rent$1,250 / $1,250Range$1,250 – $1,250Rent per Sq Ft$2 / $2Sq Ft800 / 800DOM1 / 1New2Total3
Single Family
Avg/Median Rent$3,424 / $2,450Range$1,495 – $6,550Rent per Sq Ft$2 / $2Sq Ft1,740 / 1,300DOM13 / 1New10Total16
Townhouse
Avg/Median Rent$1,600 / $1,600Range$1,600 – $1,600Rent per Sq Ft$2 / $2Sq Ft886 / 886DOM5 / 5New1Total1
Rentals by Bedroom Count
Studio
Avg:$1,074Median:$1,050Range:$1,050 – $1,099PSF:$3 / $3Sq Ft:388 / 388DOM:1 / 1New:1Total:2
1 Beds
Avg:$1,414Median:$1,325Range:$1,175 – $1,950PSF:$2 / $2Sq Ft:644 / 626DOM:55 / 1New:2Total:12
2 Beds
Avg:$1,638Median:$1,680Range:$1,250 – $2,195PSF:$2 / $2Sq Ft:909 / 896DOM:19 / 1New:17Total:31
3 Beds
Avg:$3,579Median:$2,650Range:$2,300 – $6,550PSF:$2 / $2Sq Ft:1,852 / 1,706DOM:31 / 1New:3Total:6
4 Beds
Avg:$5,931Median:$6,499Range:$4,795 – $6,499PSF:$2 / $2Sq Ft:2,558 / 2,301DOM:1 / 1New:3Total:3
5 Beds
Avg:$4,895Median:$4,895Range:$4,895 – $4,895PSF:$1 / $1Sq Ft:4,377 / 4,377DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,074 | $1,050 | $1,050 – $1,099 | $3 / $3 | 388 / 388 | 1 / 1 | 1 | 2 |
| 1 Beds | $1,414 | $1,325 | $1,175 – $1,950 | $2 / $2 | 644 / 626 | 55 / 1 | 2 | 12 |
| 2 Beds | $1,638 | $1,680 | $1,250 – $2,195 | $2 / $2 | 909 / 896 | 19 / 1 | 17 | 31 |
| 3 Beds | $3,579 | $2,650 | $2,300 – $6,550 | $2 / $2 | 1,852 / 1,706 | 31 / 1 | 3 | 6 |
| 4 Beds | $5,931 | $6,499 | $4,795 – $6,499 | $2 / $2 | 2,558 / 2,301 | 1 / 1 | 3 | 3 |
| 5 Beds | $4,895 | $4,895 | $4,895 – $4,895 | $1 / $1 | 4,377 / 4,377 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$810,000Median DOM:53New:9Total:55
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:$839,900Median DOM:45New:1Total:98
6-Month Rental Trend
Feb 2026
Median Rent:$1,600Median DOM:1New:28Total:56
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:$1,600Median DOM:1New:26Total:55
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, 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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