ZIP 97005 Housing Market Report
Portland Metro
Report period: March 2026
97005 Monthly Market Update – March 2026
ZIP 97005 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$525,000
+10.5%
Median DOM (Sales)
40
−11.1%
New Listings (Sales)
6
−50.0%
Median Rent
$1,500
−1.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
210
−0.5%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (16 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($839,995 median)
Sales Market Overview
Median Price
$525,000
+10.5%
Median DOM
40
−11.1%
New Listings
6
−50.0%
Inventory
58
+9.4%
- Average Price: $504,641
- Median Price: $525,000
- Price Range: $129,900 – $990,000
- Price per Sq Ft (Avg/Median): $331 / $310
- Square Footage (Avg/Median): 1,595 / 1,446
- Square Footage Range: 369 – 3,991
- Days on Market (Avg/Median): 74 / 40
- Days on Market Range: 3 – 320
- New Listings: 6
- Total Listings: 58
Sales by Property Type
Condo
Avg/Median Price$278,269 / $249,000Range$175,000 – $525,000Price per Sq Ft$312 / $289Sq Ft941 / 792DOM65 / 49New0Total16
Manufactured
Avg/Median Price$129,900 / $129,900Range$129,900 – $129,900Price per Sq Ft$180 / $180Sq Ft720 / 720DOM25 / 25New0Total1
Multi-Family
Avg/Median Price$878,267 / $869,900Range$774,900 – $990,000Price per Sq Ft$252 / $248Sq Ft3,490 / 3,536DOM164 / 136New0Total3
Single Family
Avg/Median Price$631,690 / $599,900Range$209,000 – $969,000Price per Sq Ft$359 / $326Sq Ft1,875 / 1,832DOM64 / 16New5Total31
Townhouse
Avg/Median Price$352,829 / $329,900Range$265,000 – $469,900Price per Sq Ft$307 / $315Sq Ft1,165 / 1,032DOM108 / 40New1Total7
Sales by Bedroom Count
Studio
Avg:$189,000Median:$189,000Range:$189,000 – $189,000PSF:$512 / $512Sq Ft:369 / 369DOM:117 / 117New:0Total:1
1 Beds
Avg:$224,750Median:$195,000Range:$175,000 – $266,500PSF:$347 / $310Sq Ft:657 / 630DOM:104 / 94New:0Total:4
2 Beds
Avg:$326,405Median:$309,000Range:$129,900 – $869,900PSF:$296 / $289Sq Ft:1,129 / 922DOM:89 / 44New:1Total:20
3 Beds
Avg:$604,582Median:$565,000Range:$425,000 – $949,000PSF:$385 / $367Sq Ft:1,654 / 1,548DOM:54 / 26New:3Total:17
4 Beds
Avg:$649,300Median:$599,000Range:$499,000 – $899,500PSF:$322 / $326Sq Ft:2,034 / 2,038DOM:57 / 10New:2Total:11
5 Beds
Avg:$864,499Median:$839,995Range:$659,000 – $990,000PSF:$256 / $248Sq Ft:3,379 / 3,024DOM:74 / 20New:0Total:4
7 Beds
Avg:$774,900Median:$774,900Range:$774,900 – $774,900PSF:$263 / $263Sq Ft:2,944 / 2,944DOM:113 / 113New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $189,000 | $189,000 | $189,000 – $189,000 | $512 / $512 | 369 / 369 | 117 / 117 | 0 | 1 |
| 1 Beds | $224,750 | $195,000 | $175,000 – $266,500 | $347 / $310 | 657 / 630 | 104 / 94 | 0 | 4 |
| 2 Beds | $326,405 | $309,000 | $129,900 – $869,900 | $296 / $289 | 1,129 / 922 | 89 / 44 | 1 | 20 |
| 3 Beds | $604,582 | $565,000 | $425,000 – $949,000 | $385 / $367 | 1,654 / 1,548 | 54 / 26 | 3 | 17 |
| 4 Beds | $649,300 | $599,000 | $499,000 – $899,500 | $322 / $326 | 2,034 / 2,038 | 57 / 10 | 2 | 11 |
| 5 Beds | $864,499 | $839,995 | $659,000 – $990,000 | $256 / $248 | 3,379 / 3,024 | 74 / 20 | 0 | 4 |
| 7 Beds | $774,900 | $774,900 | $774,900 – $774,900 | $263 / $263 | 2,944 / 2,944 | 113 / 113 | 0 | 1 |
Rental Market Overview
Median Rent
$1,500
−1.0%
Median DOM
1
0.0%
New Listings
80
Inventory
210
−0.5%
- Average Rent: $1,722
- Median Rent: $1,500
- Rent Range: $1,125 – $7,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 960 / 850
- Square Footage Range: 325 – 9,500
- Days on Market (Avg/Median): 49 / 1
- Days on Market Range: 1 – 354
- New Listings: 80
- Total Listings: 210
Rentals by Property Type
Apartment
$1,467
Median DOM: 1
Inventory: 137
MoM: −1.0%
Condo
$1,495
Median DOM: 1
Inventory: 20
MoM: −1.0%
Single Family
$2,295
Median DOM: 1
Inventory: 43
MoM: −1.0%
Townhouse
$1,950
Median DOM: 1
Inventory: 8
MoM: −1.0%
Apartment
Avg/Median Rent$1,527 / $1,467Range$1,125 – $3,937Rent per Sq Ft$2 / $2Sq Ft787 / 788DOM74 / 1New37Total137
Condo
Avg/Median Rent$1,566 / $1,495Range$1,195 – $2,500Rent per Sq Ft$2 / $2Sq Ft1,327 / 880DOM9 / 1New12Total20
Multi-Family
Avg/Median Rent$1,485 / $1,475Range$1,475 – $1,495Rent per Sq Ft$2 / $2Sq Ft766 / 740DOM1 / 1New1Total2
Single Family
Avg/Median Rent$2,379 / $2,295Range$1,195 – $7,000Rent per Sq Ft$2 / $2Sq Ft1,321 / 1,062DOM7 / 1New26Total43
Townhouse
Avg/Median Rent$1,978 / $1,950Range$1,645 – $2,495Rent per Sq Ft$2 / $2Sq Ft1,149 / 1,030DOM33 / 1New4Total8
Rentals by Bedroom Count
Studio
Avg:$1,464Median:$1,447Range:$1,125 – $2,500PSF:$3 / $3Sq Ft:1,162 / 507DOM:55 / 1New:4Total:13
1 Beds
Avg:$1,445Median:$1,355Range:$1,145 – $3,937PSF:$2 / $2Sq Ft:702 / 700DOM:55 / 1New:27Total:70
2 Beds
Avg:$1,661Median:$1,515Range:$1,295 – $4,800PSF:$2 / $2Sq Ft:935 / 880DOM:61 / 1New:33Total:94
3 Beds
Avg:$2,230Median:$2,095Range:$1,549 – $3,500PSF:$2 / $2Sq Ft:1,255 / 1,157DOM:1 / 1New:12Total:22
4 Beds
Avg:$3,228Median:$2,750Range:$2,695 – $7,000PSF:$2 / $1Sq Ft:1,893 / 1,816DOM:9 / 1New:4Total:10
5 Beds
Avg:$3,850Median:$3,850Range:$3,850 – $3,850PSF:$2 / $2Sq Ft:2,510 / 2,510DOM:88 / 88New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,464 | $1,447 | $1,125 – $2,500 | $3 / $3 | 1,162 / 507 | 55 / 1 | 4 | 13 |
| 1 Beds | $1,445 | $1,355 | $1,145 – $3,937 | $2 / $2 | 702 / 700 | 55 / 1 | 27 | 70 |
| 2 Beds | $1,661 | $1,515 | $1,295 – $4,800 | $2 / $2 | 935 / 880 | 61 / 1 | 33 | 94 |
| 3 Beds | $2,230 | $2,095 | $1,549 – $3,500 | $2 / $2 | 1,255 / 1,157 | 1 / 1 | 12 | 22 |
| 4 Beds | $3,228 | $2,750 | $2,695 – $7,000 | $2 / $1 | 1,893 / 1,816 | 9 / 1 | 4 | 10 |
| 5 Beds | $3,850 | $3,850 | $3,850 – $3,850 | $2 / $2 | 2,510 / 2,510 | 88 / 88 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$519,900Median DOM:70New:8Total:89
Nov 2025
Median Price:$519,900Median DOM:72New:8Total:79
Dec 2025
Median Price:$500,000Median DOM:92New:8Total:63
Jan 2026
Median Price:$499,000Median DOM:73New:12Total:55
Feb 2026
Median Price:$475,000Median DOM:45New:12Total:53
Mar 2026
Median Price:$525,000Median DOM:40New:6Total:58
6-Month Rental Trend
Oct 2025
Median Rent:$1,500Median DOM:2New:66Total:156
Nov 2025
Median Rent:$1,495Median DOM:4New:56Total:155
Dec 2025
Median Rent:$1,525Median DOM:1New:88Total:173
Jan 2026
Median Rent:$1,525Median DOM:1New:110Total:195
Feb 2026
Median Rent:$1,515Median DOM:1New:109Total:211
Mar 2026
Median Rent:$1,500Median DOM:1New:80Total:210
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving 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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