ZIP 97230 Housing Market Report
Portland Metro
Report period: May 2026
97230 Monthly Market Update – May 2026
ZIP 97230 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$449,900
+1.7%
Median DOM (Sales)
35
−12.5%
New Listings (Sales)
22
−47.6%
Median Rent
$1,550
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
160
+2.6%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (23 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 8 Beds ($725,000 median)
Sales Market Overview
Median Price
$449,900
+1.7%
Median DOM
35
−12.5%
New Listings
22
−47.6%
Inventory
192
+9.1%
- Average Price: $450,174
- Median Price: $449,900
- Price Range: $60,000 – $1,950,000
- Price per Sq Ft (Avg/Median): $264 / $254
- Square Footage (Avg/Median): 1,749 / 1,638
- Square Footage Range: 540 – 4,809
- Days on Market (Avg/Median): 80 / 35
- Days on Market Range: 2 – 348
- New Listings: 22
- Total Listings: 192
Sales by Property Type
Condo
Avg/Median Price$254,451 / $242,500Range$195,000 – $359,000Price per Sq Ft$211 / $219Sq Ft1,244 / 1,106DOM146 / 109New3Total36
Land
Avg/Median Price$650,311 / $599,000Range$185,000 – $1,950,000Price per Sq Ft—Sq Ft—DOM150 / 116New1Total9
Manufactured
Avg/Median Price$111,625 / $105,000Range$60,000 – $150,000Price per Sq Ft$80 / $69Sq Ft1,381 / 1,404DOM167 / 81New0Total4
Multi-Family
Avg/Median Price$555,271 / $525,000Range$489,000 – $725,000Price per Sq Ft$331 / $270Sq Ft2,057 / 1,848DOM158 / 143New0Total7
Single Family
Avg/Median Price$498,835 / $479,000Range$162,500 – $1,199,999Price per Sq Ft$281 / $281Sq Ft1,898 / 1,742DOM52 / 23New18Total132
Townhouse
Avg/Median Price$310,188 / $269,000Range$267,750 – $355,000Price per Sq Ft$241 / $230Sq Ft1,291 / 1,166DOM128 / 52New0Total4
Sales by Bedroom Count
Studio
Avg:$312,500Median:$300,000Range:$300,000 – $325,000PSF:—Sq Ft:—DOM:107 / 107New:0Total:2
1 Beds
Avg:$315,480Median:$225,000Range:$162,500 – $750,000PSF:$288 / $301Sq Ft:1,218 / 715DOM:42 / 20New:1Total:5
2 Beds
Avg:$324,832Median:$299,000Range:$60,000 – $529,000PSF:$254 / $247Sq Ft:1,314 / 1,285DOM:91 / 44New:4Total:45
3 Beds
Avg:$431,470Median:$445,000Range:$105,000 – $849,000PSF:$272 / $281Sq Ft:1,638 / 1,501DOM:73 / 29New:10Total:81
4 Beds
Avg:$556,564Median:$515,000Range:$399,900 – $1,199,999PSF:$266 / $264Sq Ft:2,109 / 2,082DOM:73 / 23New:4Total:28
5 Beds
Avg:$552,633Median:$550,000Range:$369,900 – $665,000PSF:$224 / $214Sq Ft:2,504 / 2,443DOM:61 / 25New:2Total:15
6 Beds
Avg:$724,898Median:$700,000Range:$560,000 – $999,990PSF:$205 / $208Sq Ft:3,584 / 3,104DOM:102 / 24New:0Total:5
7 Beds
Avg:$589,000Median:$589,000Range:$589,000 – $589,000PSF:$176 / $176Sq Ft:3,342 / 3,342DOM:257 / 257New:0Total:1
8 Beds
Avg:$725,000Median:$725,000Range:$725,000 – $725,000PSF:$853 / $853Sq Ft:850 / 850DOM:20 / 20New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $312,500 | $300,000 | $300,000 – $325,000 | — | — | 107 / 107 | 0 | 2 |
| 1 Beds | $315,480 | $225,000 | $162,500 – $750,000 | $288 / $301 | 1,218 / 715 | 42 / 20 | 1 | 5 |
| 2 Beds | $324,832 | $299,000 | $60,000 – $529,000 | $254 / $247 | 1,314 / 1,285 | 91 / 44 | 4 | 45 |
| 3 Beds | $431,470 | $445,000 | $105,000 – $849,000 | $272 / $281 | 1,638 / 1,501 | 73 / 29 | 10 | 81 |
| 4 Beds | $556,564 | $515,000 | $399,900 – $1,199,999 | $266 / $264 | 2,109 / 2,082 | 73 / 23 | 4 | 28 |
| 5 Beds | $552,633 | $550,000 | $369,900 – $665,000 | $224 / $214 | 2,504 / 2,443 | 61 / 25 | 2 | 15 |
| 6 Beds | $724,898 | $700,000 | $560,000 – $999,990 | $205 / $208 | 3,584 / 3,104 | 102 / 24 | 0 | 5 |
| 7 Beds | $589,000 | $589,000 | $589,000 – $589,000 | $176 / $176 | 3,342 / 3,342 | 257 / 257 | 0 | 1 |
| 8 Beds | $725,000 | $725,000 | $725,000 – $725,000 | $853 / $853 | 850 / 850 | 20 / 20 | 0 | 1 |
Rental Market Overview
Median Rent
$1,550
0.0%
Median DOM
1
0.0%
New Listings
66
Inventory
160
+2.6%
- Average Rent: $1,703
- Median Rent: $1,550
- Rent Range: $875 – $5,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 980 / 950
- Square Footage Range: 300 – 2,443
- Days on Market (Avg/Median): 39 / 1
- Days on Market Range: 1 – 337
- New Listings: 66
- Total Listings: 160
Rentals by Property Type
Apartment
$1,460
Median DOM: 2
Inventory: 103
MoM: 0.0%
Condo
$1,595
Median DOM: 1
Inventory: 12
MoM: 0.0%
Single Family
$2,250
Median DOM: 1
Inventory: 37
MoM: 0.0%
Townhouse
$1,995
Median DOM: 1
Inventory: 6
MoM: 0.0%
Apartment
Avg/Median Rent$1,502 / $1,460Range$881 – $2,399Rent per Sq Ft$2 / $2Sq Ft885 / 917DOM57 / 2New35Total103
Condo
Avg/Median Rent$1,708 / $1,595Range$1,280 – $2,295Rent per Sq Ft$2 / $2Sq Ft956 / 950DOM6 / 1New9Total12
Multi-Family
Avg/Median Rent$1,598 / $1,495Range$1,495 – $1,700Rent per Sq Ft$2 / $2Sq Ft826 / 780DOM29 / 2New0Total2
Single Family
Avg/Median Rent$2,222 / $2,250Range$875 – $5,000Rent per Sq Ft$2 / $2Sq Ft1,238 / 1,156DOM13 / 1New19Total37
Townhouse
Avg/Median Rent$1,963 / $1,995Range$1,550 – $2,295Rent per Sq Ft$2 / $2Sq Ft1,178 / 1,250DOM19 / 1New3Total6
Rentals by Bedroom Count
Studio
Avg:$1,226Median:$1,050Range:$890 – $2,399PSF:$4 / $2Sq Ft:355 / 360DOM:94 / 3New:1Total:6
1 Beds
Avg:$1,240Median:$1,175Range:$881 – $2,500PSF:$2 / $2Sq Ft:637 / 623DOM:81 / 39New:4Total:27
2 Beds
Avg:$1,592Median:$1,495Range:$1,195 – $3,200PSF:$2 / $2Sq Ft:946 / 940DOM:34 / 1New:38Total:88
3 Beds
Avg:$2,174Median:$2,100Range:$875 – $4,500PSF:$2 / $2Sq Ft:1,275 / 1,160DOM:23 / 1New:19Total:34
4 Beds
Avg:$3,156Median:$2,700Range:$2,675 – $3,800PSF:$2 / $2Sq Ft:1,590 / 1,244DOM:1 / 1New:3Total:4
7 Beds
Avg:$5,000Median:$5,000Range:$5,000 – $5,000PSF:$2 / $2Sq Ft:2,440 / 2,440DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,226 | $1,050 | $890 – $2,399 | $4 / $2 | 355 / 360 | 94 / 3 | 1 | 6 |
| 1 Beds | $1,240 | $1,175 | $881 – $2,500 | $2 / $2 | 637 / 623 | 81 / 39 | 4 | 27 |
| 2 Beds | $1,592 | $1,495 | $1,195 – $3,200 | $2 / $2 | 946 / 940 | 34 / 1 | 38 | 88 |
| 3 Beds | $2,174 | $2,100 | $875 – $4,500 | $2 / $2 | 1,275 / 1,160 | 23 / 1 | 19 | 34 |
| 4 Beds | $3,156 | $2,700 | $2,675 – $3,800 | $2 / $2 | 1,590 / 1,244 | 1 / 1 | 3 | 4 |
| 7 Beds | $5,000 | $5,000 | $5,000 – $5,000 | $2 / $2 | 2,440 / 2,440 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$429,000Median DOM:79New:30Total:192
Jan 2026
Median Price:$425,000Median DOM:84New:33Total:174
Feb 2026
Median Price:$435,698Median DOM:72New:30Total:179
Mar 2026
Median Price:$440,000Median DOM:45New:42Total:179
Apr 2026
Median Price:$442,500Median DOM:40New:42Total:176
May 2026
Median Price:$449,900Median DOM:35New:22Total:192
6-Month Rental Trend
Dec 2025
Median Rent:$1,450Median DOM:21New:44Total:131
Jan 2026
Median Rent:$1,450Median DOM:1New:62Total:135
Feb 2026
Median Rent:$1,455Median DOM:1New:73Total:140
Mar 2026
Median Rent:$1,495Median DOM:1New:67Total:151
Apr 2026
Median Rent:$1,550Median DOM:1New:64Total:156
May 2026
Median Rent:$1,550Median DOM:1New:66Total:160
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving 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.
970059700697007970089702497027970309703497035970609706297068970709720197202972039720497205972069720997210972119721297213972149721597216972179721897219+14 more
← Back to Portland Metro