ZIP 97222 Housing Market Report
Portland Metro
Report period: August 2026
97222 Monthly Market Update – August 2026
ZIP 97222 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$469,000
−0.2%
Median DOM (Sales)
38
+5.6%
New Listings (Sales)
4
−89.2%
Median Rent
$1,685
−0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
145
−1.4%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (18 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($900,000 median)
Sales Market Overview
Median Price
$469,000
−0.2%
Median DOM
38
+5.6%
New Listings
4
−89.2%
Inventory
152
−3.8%
- Average Price: $486,615
- Median Price: $469,000
- Price Range: $25,000 – $4,850,000
- Price per Sq Ft (Avg/Median): $286 / $276
- Square Footage (Avg/Median): 1,688 / 1,496
- Square Footage Range: 400 – 4,464
- Days on Market (Avg/Median): 73 / 38
- Days on Market Range: 1 – 303
- New Listings: 4
- Total Listings: 152
Sales by Property Type
Condo
Avg/Median Price$275,167 / $250,000Range$190,000 – $375,000Price per Sq Ft$265 / $260Sq Ft1,043 / 960DOM218 / 303New0Total18
Land
Avg/Median Price$472,978 / $220,000Range$125,000 – $1,200,000Price per Sq Ft—Sq Ft—DOM143 / 150New0Total9
Manufactured
Avg/Median Price$144,113 / $125,000Range$25,000 – $439,000Price per Sq Ft$110 / $107Sq Ft1,260 / 1,296DOM92 / 89New0Total19
Multi-Family
Avg/Median Price$1,324,833 / $650,000Range$470,000 – $4,850,000Price per Sq Ft$296 / $333Sq Ft2,405 / 2,060DOM58 / 41New0Total6
Single Family
Avg/Median Price$550,935 / $515,000Range$249,000 – $1,153,000Price per Sq Ft$326 / $315Sq Ft1,876 / 1,668DOM39 / 18New3Total92
Townhouse
Avg/Median Price$422,824 / $425,000Range$329,000 – $479,989Price per Sq Ft$292 / $282Sq Ft1,531 / 1,632DOM46 / 38New1Total8
Sales by Bedroom Count
1 Beds
Avg:$54,500Median:$34,999Range:$34,999 – $74,000PSF:$114 / $88Sq Ft:465 / 400DOM:161 / 86New:0Total:2
2 Beds
Avg:$301,983Median:$250,000Range:$25,000 – $539,000PSF:$282 / $260Sq Ft:1,094 / 960DOM:131 / 89New:0Total:38
3 Beds
Avg:$467,851Median:$479,989Range:$60,000 – $929,900PSF:$302 / $299Sq Ft:1,651 / 1,496DOM:42 / 20New:3Total:72
4 Beds
Avg:$615,404Median:$590,000Range:$125,000 – $1,153,000PSF:$275 / $276Sq Ft:2,336 / 2,158DOM:59 / 25New:1Total:20
5 Beds
Avg:$715,143Median:$695,000Range:$559,000 – $997,000PSF:$258 / $245Sq Ft:2,906 / 2,572DOM:50 / 44New:0Total:7
6 Beds
Avg:$2,075,000Median:$725,000Range:$650,000 – $4,850,000PSF:$200 / $163Sq Ft:3,598 / 2,740DOM:36 / 46New:0Total:3
7 Beds
Avg:$900,000Median:$900,000Range:$900,000 – $900,000PSF:$260 / $260Sq Ft:3,465 / 3,465DOM:23 / 23New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $54,500 | $34,999 | $34,999 – $74,000 | $114 / $88 | 465 / 400 | 161 / 86 | 0 | 2 |
| 2 Beds | $301,983 | $250,000 | $25,000 – $539,000 | $282 / $260 | 1,094 / 960 | 131 / 89 | 0 | 38 |
| 3 Beds | $467,851 | $479,989 | $60,000 – $929,900 | $302 / $299 | 1,651 / 1,496 | 42 / 20 | 3 | 72 |
| 4 Beds | $615,404 | $590,000 | $125,000 – $1,153,000 | $275 / $276 | 2,336 / 2,158 | 59 / 25 | 1 | 20 |
| 5 Beds | $715,143 | $695,000 | $559,000 – $997,000 | $258 / $245 | 2,906 / 2,572 | 50 / 44 | 0 | 7 |
| 6 Beds | $2,075,000 | $725,000 | $650,000 – $4,850,000 | $200 / $163 | 3,598 / 2,740 | 36 / 46 | 0 | 3 |
| 7 Beds | $900,000 | $900,000 | $900,000 – $900,000 | $260 / $260 | 3,465 / 3,465 | 23 / 23 | 0 | 1 |
Rental Market Overview
Median Rent
$1,685
−0.3%
Median DOM
1
0.0%
New Listings
44
Inventory
145
−1.4%
- Average Rent: $1,819
- Median Rent: $1,685
- Rent Range: $595 – $5,450
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 932 / 836
- Square Footage Range: 280 – 2,924
- Days on Market (Avg/Median): 23 / 1
- Days on Market Range: 1 – 354
- New Listings: 44
- Total Listings: 145
Rentals by Property Type
Apartment
$1,575
Median DOM: 1
Inventory: 103
MoM: −0.3%
Condo
$595
Median DOM: 1
Inventory: 5
MoM: −0.3%
Single Family
$2,499
Median DOM: 1
Inventory: 33
MoM: −0.3%
Townhouse
$1,899
Median DOM: 7
Inventory: 3
MoM: −0.3%
Apartment
Avg/Median Rent$1,636 / $1,575Range$1,050 – $5,450Rent per Sq Ft$2 / $2Sq Ft785 / 800DOM30 / 1New27Total103
Condo
Avg/Median Rent$936 / $595Range$595 – $1,450Rent per Sq Ft$3 / $2Sq Ft575 / 400DOM22 / 1New1Total5
Multi-Family
Avg/Median Rent$1,945 / $1,945Range$1,945 – $1,945Rent per Sq Ft$2 / $2Sq Ft900 / 900DOM33 / 33New0Total1
Single Family
Avg/Median Rent$2,501 / $2,499Range$1,195 – $3,995Rent per Sq Ft$2 / $2Sq Ft1,386 / 1,235DOM5 / 1New16Total33
Townhouse
Avg/Median Rent$2,008 / $1,899Range$1,875 – $2,250Rent per Sq Ft$2 / $2Sq Ft1,119 / 1,050DOM45 / 7New0Total3
Rentals by Bedroom Count
Studio
Avg:$1,045Median:$1,075Range:$595 – $1,450PSF:$3 / $3Sq Ft:404 / 380DOM:42 / 1New:2Total:10
1 Beds
Avg:$1,414Median:$1,375Range:$1,095 – $2,200PSF:$2 / $2Sq Ft:610 / 608DOM:6 / 1New:9Total:34
2 Beds
Avg:$1,765Median:$1,695Range:$1,395 – $5,450PSF:$2 / $2Sq Ft:900 / 850DOM:38 / 1New:18Total:66
3 Beds
Avg:$2,393Median:$2,395Range:$1,495 – $3,495PSF:$2 / $2Sq Ft:1,260 / 1,100DOM:4 / 1New:12Total:30
4 Beds
Avg:$3,222Median:$2,995Range:$2,795 – $3,700PSF:$1 / $1Sq Ft:2,268 / 2,000DOM:40 / 1New:2Total:4
5 Beds
Avg:$3,995Median:$3,995Range:$3,995 – $3,995PSF:$2 / $2Sq Ft:2,400 / 2,400DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,045 | $1,075 | $595 – $1,450 | $3 / $3 | 404 / 380 | 42 / 1 | 2 | 10 |
| 1 Beds | $1,414 | $1,375 | $1,095 – $2,200 | $2 / $2 | 610 / 608 | 6 / 1 | 9 | 34 |
| 2 Beds | $1,765 | $1,695 | $1,395 – $5,450 | $2 / $2 | 900 / 850 | 38 / 1 | 18 | 66 |
| 3 Beds | $2,393 | $2,395 | $1,495 – $3,495 | $2 / $2 | 1,260 / 1,100 | 4 / 1 | 12 | 30 |
| 4 Beds | $3,222 | $2,995 | $2,795 – $3,700 | $1 / $1 | 2,268 / 2,000 | 40 / 1 | 2 | 4 |
| 5 Beds | $3,995 | $3,995 | $3,995 – $3,995 | $2 / $2 | 2,400 / 2,400 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$425,000Median DOM:40New:36Total:147
Apr 2026
Median Price:$429,000Median DOM:44New:28Total:143
May 2026
Median Price:$437,000Median DOM:31New:34Total:153
Jun 2026
Median Price:$479,900Median DOM:33New:44Total:159
Jul 2026
Median Price:$469,900Median DOM:36New:37Total:158
Aug 2026
Median Price:$469,000Median DOM:38New:4Total:152
6-Month Rental Trend
Mar 2026
Median Rent:$1,560Median DOM:1New:71Total:146
Apr 2026
Median Rent:$1,575Median DOM:1New:73Total:154
May 2026
Median Rent:$1,575Median DOM:1New:73Total:153
Jun 2026
Median Rent:$1,599Median DOM:1New:79Total:158
Jul 2026
Median Rent:$1,690Median DOM:1New:71Total:147
Aug 2026
Median Rent:$1,685Median DOM:1New:44Total:145
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 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.
970059700697007970089702497027970309703497035970609706297068970709720197202972039720497205972069720997210972119721297213972149721597216972179721897219+14 more
← Back to Portland Metro