ZIP 97222 Housing Market Report
Portland Metro
Report period: May 2026
97222 Monthly Market Update – May 2026
ZIP 97222 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$429,000
0.0%
Median DOM (Sales)
46
+4.5%
New Listings (Sales)
8
−71.4%
Median Rent
$1,575
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
159
+3.2%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (4 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($695,000 median)
Sales Market Overview
Median Price
$429,000
0.0%
Median DOM
46
+4.5%
New Listings
8
−71.4%
Inventory
149
+4.2%
- Average Price: $484,262
- Median Price: $429,000
- Price Range: $35,000 – $3,490,000
- Price per Sq Ft (Avg/Median): $278 / $273
- Square Footage (Avg/Median): 1,744 / 1,476
- Square Footage Range: 530 – 9,395
- Days on Market (Avg/Median): 77 / 46
- Days on Market Range: 2 – 362
- New Listings: 8
- Total Listings: 149
Sales by Property Type
Condo
Avg/Median Price$296,761 / $250,000Range$250,000 – $415,000Price per Sq Ft$285 / $260Sq Ft1,043 / 960DOM151 / 175New1Total26
Land
Avg/Median Price$625,089 / $220,000Range$125,000 – $1,995,000Price per Sq Ft—Sq Ft—DOM140 / 61New0Total9
Manufactured
Avg/Median Price$113,632 / $125,000Range$35,000 – $160,000Price per Sq Ft$98 / $89Sq Ft1,266 / 1,188DOM93 / 81New2Total17
Multi-Family
Avg/Median Price$591,333 / $579,000Range$500,000 – $695,000Price per Sq Ft$343 / $355Sq Ft1,852 / 1,410DOM82 / 81New1Total3
Single Family
Avg/Median Price$593,319 / $535,000Range$90,000 – $3,490,000Price per Sq Ft$307 / $303Sq Ft2,033 / 1,801DOM51 / 20New3Total90
Townhouse
Avg/Median Price$427,225 / $440,000Range$310,000 – $499,900Price per Sq Ft$263 / $257Sq Ft1,624 / 1,540DOM23 / 4New1Total4
Sales by Bedroom Count
1 Beds
Avg:$202,250Median:$79,500Range:$79,500 – $325,000PSF:$218 / $150Sq Ft:832 / 530DOM:86 / 14New:0Total:2
2 Beds
Avg:$287,744Median:$250,000Range:$54,900 – $574,900PSF:$278 / $260Sq Ft:1,053 / 960DOM:117 / 98New:1Total:40
3 Beds
Avg:$455,385Median:$480,000Range:$35,000 – $929,900PSF:$288 / $289Sq Ft:1,658 / 1,517DOM:41 / 14New:5Total:66
4 Beds
Avg:$559,481Median:$550,000Range:$125,000 – $900,000PSF:$254 / $239Sq Ft:2,353 / 2,260DOM:78 / 55New:2Total:24
5 Beds
Avg:$726,750Median:$669,000Range:$559,000 – $950,000PSF:$286 / $260Sq Ft:2,524 / 2,408DOM:26 / 13New:0Total:4
6 Beds
Avg:$2,056,250Median:$695,000Range:$550,000 – $3,490,000PSF:$288 / $250Sq Ft:6,246 / 3,410DOM:207 / 163New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $202,250 | $79,500 | $79,500 – $325,000 | $218 / $150 | 832 / 530 | 86 / 14 | 0 | 2 |
| 2 Beds | $287,744 | $250,000 | $54,900 – $574,900 | $278 / $260 | 1,053 / 960 | 117 / 98 | 1 | 40 |
| 3 Beds | $455,385 | $480,000 | $35,000 – $929,900 | $288 / $289 | 1,658 / 1,517 | 41 / 14 | 5 | 66 |
| 4 Beds | $559,481 | $550,000 | $125,000 – $900,000 | $254 / $239 | 2,353 / 2,260 | 78 / 55 | 2 | 24 |
| 5 Beds | $726,750 | $669,000 | $559,000 – $950,000 | $286 / $260 | 2,524 / 2,408 | 26 / 13 | 0 | 4 |
| 6 Beds | $2,056,250 | $695,000 | $550,000 – $3,490,000 | $288 / $250 | 6,246 / 3,410 | 207 / 163 | 0 | 4 |
Rental Market Overview
Median Rent
$1,575
0.0%
Median DOM
1
0.0%
New Listings
55
Inventory
159
+3.2%
- Average Rent: $1,700
- Median Rent: $1,575
- Rent Range: $595 – $3,700
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 906 / 836
- Square Footage Range: 260 – 3,775
- Days on Market (Avg/Median): 29 / 1
- Days on Market Range: 1 – 349
- New Listings: 55
- Total Listings: 159
Rentals by Property Type
Apartment
$1,530
Median DOM: 1
Inventory: 116
MoM: 0.0%
Condo
$1,395
Median DOM: 1
Inventory: 2
MoM: 0.0%
Single Family
$2,225
Median DOM: 1
Inventory: 34
MoM: 0.0%
Townhouse
$1,575
Median DOM: 1
Inventory: 6
MoM: 0.0%
Apartment
Avg/Median Rent$1,560 / $1,530Range$995 – $3,700Rent per Sq Ft$2 / $2Sq Ft787 / 800DOM40 / 1New39Total116
Condo
Avg/Median Rent$1,608 / $1,395Range$1,395 – $1,820Rent per Sq Ft$2 / $2Sq Ft850 / 700DOM17 / 1New0Total2
Multi-Family
Avg/Median Rent$1,949 / $1,949Range$1,949 – $1,949Rent per Sq Ft$2 / $2Sq Ft928 / 928DOM1 / 1New1Total1
Single Family
Avg/Median Rent$2,138 / $2,225Range$595 – $3,190Rent per Sq Ft$2 / $2Sq Ft1,349 / 1,255DOM6 / 1New14Total34
Townhouse
Avg/Median Rent$1,925 / $1,575Range$1,500 – $2,750Rent per Sq Ft$2 / $2Sq Ft1,036 / 1,050DOM8 / 1New1Total6
Rentals by Bedroom Count
Studio
Avg:$1,084Median:$1,185Range:$595 – $1,395PSF:$3 / $3Sq Ft:430 / 428DOM:27 / 1New:5Total:13
1 Beds
Avg:$1,488Median:$1,359Range:$1,245 – $3,700PSF:$2 / $2Sq Ft:655 / 629DOM:36 / 1New:12Total:35
2 Beds
Avg:$1,663Median:$1,595Range:$1,095 – $2,850PSF:$2 / $2Sq Ft:910 / 855DOM:35 / 1New:28Total:86
3 Beds
Avg:$2,393Median:$2,495Range:$1,575 – $2,995PSF:$2 / $2Sq Ft:1,294 / 1,261DOM:4 / 1New:10Total:23
4 Beds
Avg:$2,895Median:$2,895Range:$2,895 – $2,895PSF:$1 / $1Sq Ft:2,000 / 2,000DOM:67 / 67New:0Total:1
5 Beds
Avg:$3,190Median:$3,190Range:$3,190 – $3,190PSF:$1 / $1Sq Ft:3,117 / 3,117DOM:7 / 7New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,084 | $1,185 | $595 – $1,395 | $3 / $3 | 430 / 428 | 27 / 1 | 5 | 13 |
| 1 Beds | $1,488 | $1,359 | $1,245 – $3,700 | $2 / $2 | 655 / 629 | 36 / 1 | 12 | 35 |
| 2 Beds | $1,663 | $1,595 | $1,095 – $2,850 | $2 / $2 | 910 / 855 | 35 / 1 | 28 | 86 |
| 3 Beds | $2,393 | $2,495 | $1,575 – $2,995 | $2 / $2 | 1,294 / 1,261 | 4 / 1 | 10 | 23 |
| 4 Beds | $2,895 | $2,895 | $2,895 – $2,895 | $1 / $1 | 2,000 / 2,000 | 67 / 67 | 0 | 1 |
| 5 Beds | $3,190 | $3,190 | $3,190 – $3,190 | $1 / $1 | 3,117 / 3,117 | 7 / 7 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$409,000Median DOM:82New:14Total:110
Jan 2026
Median Price:$399,000Median DOM:64New:31Total:114
Feb 2026
Median Price:$415,000Median DOM:36New:39Total:141
Mar 2026
Median Price:$425,000Median DOM:40New:36Total:147
Apr 2026
Median Price:$429,000Median DOM:44New:28Total:143
May 2026
Median Price:$429,000Median DOM:46New:8Total:149
6-Month Rental Trend
Dec 2025
Median Rent:$1,595Median DOM:1New:71Total:138
Jan 2026
Median Rent:$1,595Median DOM:1New:75Total:144
Feb 2026
Median Rent:$1,595Median DOM:1New:61Total:133
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:55Total:159
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market lengthened, signaling slower 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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