ZIP 97227 Housing Market Report
Portland Metro
Report period: August 2026
97227 Monthly Market Update – August 2026
ZIP 97227 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$499,999
−4.7%
Median DOM (Sales)
68
−11.7%
New Listings (Sales)
1
−83.3%
Median Rent
$1,652
+0.4%
Median DOM (Rental)
1
0.0%
Total Rental Listings
153
+12.5%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (63 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($2,999,000 median)
Sales Market Overview
Median Price
$499,999
−4.7%
Median DOM
68
−11.7%
New Listings
1
−83.3%
Inventory
28
+3.7%
- Average Price: $672,255
- Median Price: $499,999
- Price Range: $209,000 – $2,999,000
- Price per Sq Ft (Avg/Median): $330 / $306
- Square Footage (Avg/Median): 2,018 / 1,760
- Square Footage Range: 757 – 4,986
- Days on Market (Avg/Median): 78 / 68
- Days on Market Range: 1 – 258
- New Listings: 1
- Total Listings: 28
Sales by Property Type
Condo
Avg/Median Price$352,046 / $349,900Range$209,000 – $599,000Price per Sq Ft$348 / $333Sq Ft1,040 / 930DOM72 / 73New1Total13
Multi-Family
Avg/Median Price$1,587,500 / $1,175,000Range$1,175,000 – $1,999,999Price per Sq Ft$360 / $298Sq Ft4,346 / 3,949DOM187 / 115New0Total2
Single Family
Avg/Median Price$878,050 / $589,900Range$460,000 – $2,999,000Price per Sq Ft$308 / $256Sq Ft2,702 / 2,251DOM67 / 63New0Total12
Townhouse
Avg/Median Price$534,950 / $534,950Range$534,950 – $534,950Price per Sq Ft$288 / $288Sq Ft1,858 / 1,858DOM81 / 81New0Total1
Sales by Bedroom Count
1 Beds
Avg:$225,967Median:$219,000Range:$209,000 – $249,900PSF:$296 / $285Sq Ft:765 / 769DOM:142 / 146New:0Total:3
2 Beds
Avg:$366,633Median:$375,000Range:$325,000 – $415,000PSF:$376 / $376Sq Ft:990 / 1,052DOM:52 / 31New:1Total:9
3 Beds
Avg:$539,093Median:$534,950Range:$460,000 – $599,000PSF:$280 / $259Sq Ft:1,949 / 1,898DOM:77 / 68New:0Total:7
4 Beds
Avg:$816,633Median:$685,000Range:$589,900 – $1,175,000PSF:$306 / $298Sq Ft:2,757 / 2,563DOM:122 / 100New:0Total:3
5 Beds
Avg:$882,667Median:$899,000Range:$850,000 – $899,000PSF:$262 / $252Sq Ft:3,386 / 3,505DOM:49 / 51New:0Total:3
6 Beds
Avg:$1,487,500Median:$975,000Range:$975,000 – $1,999,999PSF:$351 / $280Sq Ft:4,112 / 3,482DOM:81 / 46New:0Total:2
7 Beds
Avg:$2,999,000Median:$2,999,000Range:$2,999,000 – $2,999,000PSF:$601 / $601Sq Ft:4,986 / 4,986DOM:87 / 87New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $225,967 | $219,000 | $209,000 – $249,900 | $296 / $285 | 765 / 769 | 142 / 146 | 0 | 3 |
| 2 Beds | $366,633 | $375,000 | $325,000 – $415,000 | $376 / $376 | 990 / 1,052 | 52 / 31 | 1 | 9 |
| 3 Beds | $539,093 | $534,950 | $460,000 – $599,000 | $280 / $259 | 1,949 / 1,898 | 77 / 68 | 0 | 7 |
| 4 Beds | $816,633 | $685,000 | $589,900 – $1,175,000 | $306 / $298 | 2,757 / 2,563 | 122 / 100 | 0 | 3 |
| 5 Beds | $882,667 | $899,000 | $850,000 – $899,000 | $262 / $252 | 3,386 / 3,505 | 49 / 51 | 0 | 3 |
| 6 Beds | $1,487,500 | $975,000 | $975,000 – $1,999,999 | $351 / $280 | 4,112 / 3,482 | 81 / 46 | 0 | 2 |
| 7 Beds | $2,999,000 | $2,999,000 | $2,999,000 – $2,999,000 | $601 / $601 | 4,986 / 4,986 | 87 / 87 | 0 | 1 |
Rental Market Overview
Median Rent
$1,652
+0.4%
Median DOM
1
0.0%
New Listings
68
Inventory
153
+12.5%
- Average Rent: $1,776
- Median Rent: $1,652
- Rent Range: $863 – $8,653
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 681 / 585
- Square Footage Range: 255 – 1,870
- Days on Market (Avg/Median): 15 / 1
- Days on Market Range: 1 – 341
- New Listings: 68
- Total Listings: 153
Rentals by Property Type
Apartment
$1,625
Median DOM: 1
Inventory: 138
MoM: +0.4%
Condo
$1,395
Median DOM: 1
Inventory: 4
MoM: +0.4%
Single Family
$2,245
Median DOM: 1
Inventory: 9
MoM: +0.4%
Townhouse
$2,100
Median DOM: 11
Inventory: 2
MoM: +0.4%
Apartment
Avg/Median Rent$1,717 / $1,625Range$863 – $8,653Rent per Sq Ft$3 / $3Sq Ft634 / 576DOM16 / 1New65Total138
Condo
Avg/Median Rent$1,645 / $1,395Range$1,295 – $2,195Rent per Sq Ft$2 / $2Sq Ft799 / 637DOM1 / 1New0Total4
Single Family
Avg/Median Rent$2,536 / $2,245Range$1,645 – $3,395Rent per Sq Ft$2 / $2Sq Ft1,223 / 1,104DOM1 / 1New3Total9
Townhouse
Avg/Median Rent$2,700 / $2,100Range$2,100 – $3,300Rent per Sq Ft$2 / $2Sq Ft1,175 / 750DOM11 / 11New0Total2
Rentals by Bedroom Count
Studio
Avg:$1,332Median:$1,305Range:$863 – $1,982PSF:$3 / $3Sq Ft:486 / 479DOM:18 / 1New:17Total:38
1 Beds
Avg:$1,705Median:$1,652Range:$1,095 – $2,450PSF:$3 / $3Sq Ft:625 / 585DOM:12 / 1New:43Total:87
2 Beds
Avg:$2,212Median:$2,245Range:$1,395 – $2,950PSF:$2 / $2Sq Ft:958 / 983DOM:11 / 1New:8Total:21
3 Beds
Avg:$4,414Median:$2,295Range:$2,295 – $8,653PSF:$4 / $2Sq Ft:1,078 / 1,100DOM:90 / 5New:0Total:3
4 Beds
Avg:$3,348Median:$3,300Range:$3,300 – $3,395PSF:$2 / $2Sq Ft:1,730 / 1,600DOM:1 / 1New:0Total:2
5 Beds
Avg:$3,200Median:$3,200Range:$3,200 – $3,200PSF:$2 / $2Sq Ft:1,870 / 1,870DOM:1 / 1New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,332 | $1,305 | $863 – $1,982 | $3 / $3 | 486 / 479 | 18 / 1 | 17 | 38 |
| 1 Beds | $1,705 | $1,652 | $1,095 – $2,450 | $3 / $3 | 625 / 585 | 12 / 1 | 43 | 87 |
| 2 Beds | $2,212 | $2,245 | $1,395 – $2,950 | $2 / $2 | 958 / 983 | 11 / 1 | 8 | 21 |
| 3 Beds | $4,414 | $2,295 | $2,295 – $8,653 | $4 / $2 | 1,078 / 1,100 | 90 / 5 | 0 | 3 |
| 4 Beds | $3,348 | $3,300 | $3,300 – $3,395 | $2 / $2 | 1,730 / 1,600 | 1 / 1 | 0 | 2 |
| 5 Beds | $3,200 | $3,200 | $3,200 – $3,200 | $2 / $2 | 1,870 / 1,870 | 1 / 1 | 0 | 2 |
6-Month Sales Trend
Mar 2026
Median Price:$422,000Median DOM:54New:4Total:18
Apr 2026
Median Price:$587,000Median DOM:27New:10Total:27
May 2026
Median Price:$534,950Median DOM:48New:6Total:29
Jun 2026
Median Price:$500,000Median DOM:74New:2Total:23
Jul 2026
Median Price:$524,900Median DOM:77New:6Total:27
Aug 2026
Median Price:$499,999Median DOM:68New:1Total:28
6-Month Rental Trend
Mar 2026
Median Rent:$1,695Median DOM:1New:67Total:126
Apr 2026
Median Rent:$1,596Median DOM:1New:70Total:121
May 2026
Median Rent:$1,590Median DOM:1New:65Total:119
Jun 2026
Median Rent:$1,625Median DOM:1New:76Total:121
Jul 2026
Median Rent:$1,645Median DOM:1New:73Total:136
Aug 2026
Median Rent:$1,652Median DOM:1New:68Total:153
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving 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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