ZIP 97230 Housing Market Report
Portland Metro
Report period: August 2026
97230 Monthly Market Update – August 2026
ZIP 97230 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$435,550
−0.8%
Median DOM (Sales)
48
+11.6%
New Listings (Sales)
17
−54.1%
Median Rent
$1,467
−2.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
172
−1.1%
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: Multi-Family (16 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($629,990 median)
Sales Market Overview
Median Price
$435,550
−0.8%
Median DOM
48
+11.6%
New Listings
17
−54.1%
Inventory
224
−0.4%
- Average Price: $443,300
- Median Price: $435,550
- Price Range: $99,900 – $1,850,000
- Price per Sq Ft (Avg/Median): $260 / $253
- Square Footage (Avg/Median): 1,737 / 1,560
- Square Footage Range: 544 – 4,809
- Days on Market (Avg/Median): 79 / 48
- Days on Market Range: 1 – 363
- New Listings: 17
- Total Listings: 224
Sales by Property Type
Condo
Avg/Median Price$239,662 / $239,000Range$164,900 – $349,900Price per Sq Ft$212 / $214Sq Ft1,166 / 1,104DOM132 / 86New1Total44
Land
Avg/Median Price$626,790 / $550,000Range$180,000 – $1,850,000Price per Sq Ft—Sq Ft—DOM157 / 167New0Total10
Manufactured
Avg/Median Price$130,150 / $134,500Range$105,000 – $159,000Price per Sq Ft$95 / $92Sq Ft1,389 / 1,404DOM118 / 90New1Total6
Multi-Family
Avg/Median Price$559,722 / $530,000Range$499,900 – $629,990Price per Sq Ft$215 / $202Sq Ft2,696 / 2,496DOM124 / 16New0Total4
Single Family
Avg/Median Price$507,039 / $479,000Range$99,900 – $999,990Price per Sq Ft$284 / $272Sq Ft1,917 / 1,822DOM58 / 43New15Total150
Townhouse
Avg/Median Price$341,050 / $340,000Range$269,000 – $434,500Price per Sq Ft$238 / $237Sq Ft1,443 / 1,323DOM68 / 34New0Total10
Sales by Bedroom Count
Studio
Avg:$196,850Median:$142,500Range:$99,900 – $325,000PSF:$168 / $168Sq Ft:594 / 594DOM:93 / 48New:0Total:4
1 Beds
Avg:$267,930Median:$210,000Range:$162,500 – $750,000PSF:$298 / $274Sq Ft:979 / 766DOM:77 / 65New:0Total:10
2 Beds
Avg:$320,908Median:$305,000Range:$159,000 – $499,900PSF:$249 / $246Sq Ft:1,301 / 1,276DOM:95 / 59New:4Total:56
3 Beds
Avg:$424,915Median:$424,900Range:$105,000 – $999,000PSF:$274 / $271Sq Ft:1,603 / 1,402DOM:80 / 48New:7Total:79
4 Beds
Avg:$569,107Median:$539,000Range:$325,000 – $999,000PSF:$255 / $249Sq Ft:2,256 / 2,160DOM:45 / 37New:6Total:52
5 Beds
Avg:$613,414Median:$599,999Range:$525,000 – $725,000PSF:$246 / $252Sq Ft:2,608 / 2,402DOM:54 / 51New:0Total:7
6 Beds
Avg:$732,222Median:$599,900Range:$530,000 – $999,990PSF:$202 / $208Sq Ft:3,671 / 2,825DOM:124 / 113New:0Total:4
7 Beds
Avg:$579,000Median:$579,000Range:$579,000 – $579,000PSF:$173 / $173Sq Ft:3,342 / 3,342DOM:344 / 344New:0Total:1
8 Beds
Avg:$629,990Median:$629,990Range:$629,990 – $629,990PSF:$202 / $202Sq Ft:3,120 / 3,120DOM:16 / 16New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $196,850 | $142,500 | $99,900 – $325,000 | $168 / $168 | 594 / 594 | 93 / 48 | 0 | 4 |
| 1 Beds | $267,930 | $210,000 | $162,500 – $750,000 | $298 / $274 | 979 / 766 | 77 / 65 | 0 | 10 |
| 2 Beds | $320,908 | $305,000 | $159,000 – $499,900 | $249 / $246 | 1,301 / 1,276 | 95 / 59 | 4 | 56 |
| 3 Beds | $424,915 | $424,900 | $105,000 – $999,000 | $274 / $271 | 1,603 / 1,402 | 80 / 48 | 7 | 79 |
| 4 Beds | $569,107 | $539,000 | $325,000 – $999,000 | $255 / $249 | 2,256 / 2,160 | 45 / 37 | 6 | 52 |
| 5 Beds | $613,414 | $599,999 | $525,000 – $725,000 | $246 / $252 | 2,608 / 2,402 | 54 / 51 | 0 | 7 |
| 6 Beds | $732,222 | $599,900 | $530,000 – $999,990 | $202 / $208 | 3,671 / 2,825 | 124 / 113 | 0 | 4 |
| 7 Beds | $579,000 | $579,000 | $579,000 – $579,000 | $173 / $173 | 3,342 / 3,342 | 344 / 344 | 0 | 1 |
| 8 Beds | $629,990 | $629,990 | $629,990 – $629,990 | $202 / $202 | 3,120 / 3,120 | 16 / 16 | 0 | 1 |
Rental Market Overview
Median Rent
$1,467
−2.1%
Median DOM
1
0.0%
New Listings
52
Inventory
172
−1.1%
- Average Rent: $1,645
- Median Rent: $1,467
- Rent Range: $1,050 – $4,700
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 984 / 945
- Square Footage Range: 300 – 2,642
- Days on Market (Avg/Median): 37 / 1
- Days on Market Range: 1 – 355
- New Listings: 52
- Total Listings: 172
Rentals by Property Type
Apartment
$1,467
Median DOM: 1
Inventory: 122
MoM: −2.1%
Condo
$1,395
Median DOM: 1
Inventory: 20
MoM: −2.1%
Single Family
$2,495
Median DOM: 1
Inventory: 25
MoM: −2.1%
Townhouse
$2,095
Median DOM: 1
Inventory: 5
MoM: −2.1%
Apartment
Avg/Median Rent$1,477 / $1,467Range$1,050 – $3,000Rent per Sq Ft$2 / $2Sq Ft892 / 917DOM52 / 1New35Total122
Condo
Avg/Median Rent$1,498 / $1,395Range$1,200 – $2,445Rent per Sq Ft$2 / $2Sq Ft865 / 820DOM1 / 1New10Total20
Single Family
Avg/Median Rent$2,508 / $2,495Range$1,195 – $4,700Rent per Sq Ft$2 / $2Sq Ft1,466 / 1,400DOM4 / 1New6Total25
Townhouse
Avg/Median Rent$2,008 / $2,095Range$1,650 – $2,300Rent per Sq Ft$2 / $2Sq Ft1,258 / 1,250DOM61 / 1New1Total5
Rentals by Bedroom Count
Studio
Avg:$1,530Median:$1,050Range:$1,050 – $2,489PSF:$5 / $3Sq Ft:365 / 394DOM:12 / 1New:1Total:3
1 Beds
Avg:$1,230Median:$1,200Range:$1,095 – $1,500PSF:$2 / $2Sq Ft:660 / 650DOM:90 / 28New:6Total:34
2 Beds
Avg:$1,521Median:$1,467Range:$1,145 – $3,000PSF:$2 / $2Sq Ft:966 / 960DOM:30 / 1New:39Total:102
3 Beds
Avg:$2,225Median:$2,295Range:$1,625 – $2,995PSF:$2 / $2Sq Ft:1,244 / 1,120DOM:21 / 1New:5Total:27
4 Beds
Avg:$3,280Median:$3,349Range:$2,995 – $3,495PSF:$1 / $1Sq Ft:2,326 / 2,443DOM:1 / 1New:1Total:3
5 Beds
Avg:$3,395Median:$3,095Range:$3,095 – $3,695PSF:$2 / $2Sq Ft:2,082 / 1,910DOM:1 / 1New:0Total:2
7 Beds
Avg:$4,700Median:$4,700Range:$4,700 – $4,700PSF:$2 / $2Sq Ft:2,440 / 2,440DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,530 | $1,050 | $1,050 – $2,489 | $5 / $3 | 365 / 394 | 12 / 1 | 1 | 3 |
| 1 Beds | $1,230 | $1,200 | $1,095 – $1,500 | $2 / $2 | 660 / 650 | 90 / 28 | 6 | 34 |
| 2 Beds | $1,521 | $1,467 | $1,145 – $3,000 | $2 / $2 | 966 / 960 | 30 / 1 | 39 | 102 |
| 3 Beds | $2,225 | $2,295 | $1,625 – $2,995 | $2 / $2 | 1,244 / 1,120 | 21 / 1 | 5 | 27 |
| 4 Beds | $3,280 | $3,349 | $2,995 – $3,495 | $1 / $1 | 2,326 / 2,443 | 1 / 1 | 1 | 3 |
| 5 Beds | $3,395 | $3,095 | $3,095 – $3,695 | $2 / $2 | 2,082 / 1,910 | 1 / 1 | 0 | 2 |
| 7 Beds | $4,700 | $4,700 | $4,700 – $4,700 | $2 / $2 | 2,440 / 2,440 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$440,000Median DOM:45New:42Total:179
Apr 2026
Median Price:$442,500Median DOM:40New:42Total:176
May 2026
Median Price:$454,900Median DOM:34New:62Total:200
Jun 2026
Median Price:$449,900Median DOM:32New:68Total:236
Jul 2026
Median Price:$439,000Median DOM:43New:37Total:225
Aug 2026
Median Price:$435,550Median DOM:48New:17Total:224
6-Month Rental Trend
Mar 2026
Median Rent:$1,495Median DOM:1New:67Total:151
Apr 2026
Median Rent:$1,550Median DOM:1New:64Total:156
May 2026
Median Rent:$1,595Median DOM:1New:86Total:160
Jun 2026
Median Rent:$1,570Median DOM:1New:92Total:174
Jul 2026
Median Rent:$1,499Median DOM:1New:91Total:174
Aug 2026
Median Rent:$1,467Median DOM:1New:52Total:172
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.
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