ZIP 97008 Housing Market Report
Portland Metro
Report period: March 2026
97008 Monthly Market Update – March 2026
ZIP 97008 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$530,000
0.0%
Median DOM (Sales)
20
−53.5%
New Listings (Sales)
14
−44.0%
Median Rent
$1,675
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
147
−2.6%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (12 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($864,000 median)
Sales Market Overview
Median Price
$530,000
0.0%
Median DOM
20
−53.5%
New Listings
14
−44.0%
Inventory
89
+7.2%
- Average Price: $504,797
- Median Price: $530,000
- Price Range: $94,900 – $950,000
- Price per Sq Ft (Avg/Median): $292 / $285
- Square Footage (Avg/Median): 1,724 / 1,566
- Square Footage Range: 560 – 3,722
- Days on Market (Avg/Median): 66 / 20
- Days on Market Range: 1 – 356
- New Listings: 14
- Total Listings: 89
Sales by Property Type
Condo
Avg/Median Price$255,690 / $249,000Range$155,000 – $450,000Price per Sq Ft$238 / $227Sq Ft1,124 / 1,016DOM93 / 58New5Total20
Land
Avg/Median Price$665,000 / $580,000Range$580,000 – $750,000Price per Sq Ft—Sq Ft—DOM12 / 12New0Total2
Manufactured
Avg/Median Price$109,950 / $94,900Range$94,900 – $125,000Price per Sq Ft$112 / $88Sq Ft1,002 / 924DOM167 / 86New0Total2
Multi-Family
Avg/Median Price$864,000 / $864,000Range$864,000 – $864,000Price per Sq Ft$232 / $232Sq Ft3,722 / 3,722DOM243 / 243New0Total1
Single Family
Avg/Median Price$636,981 / $625,000Range$289,900 – $950,000Price per Sq Ft$326 / $317Sq Ft2,038 / 2,005DOM59 / 15New7Total52
Townhouse
Avg/Median Price$356,350 / $375,000Range$199,000 – $465,000Price per Sq Ft$270 / $275Sq Ft1,319 / 1,336DOM23 / 20New2Total12
Sales by Bedroom Count
1 Beds
Avg:$178,500Median:$160,000Range:$155,000 – $199,999PSF:$268 / $277Sq Ft:686 / 576DOM:46 / 20New:1Total:4
2 Beds
Avg:$289,050Median:$265,000Range:$125,000 – $412,000PSF:$252 / $256Sq Ft:1,132 / 1,092DOM:72 / 20New:4Total:22
3 Beds
Avg:$537,625Median:$565,000Range:$94,900 – $950,000PSF:$330 / $330Sq Ft:1,638 / 1,582DOM:59 / 15New:6Total:37
4 Beds
Avg:$692,385Median:$674,900Range:$450,000 – $879,000PSF:$280 / $285Sq Ft:2,502 / 2,415DOM:64 / 33New:3Total:20
5 Beds
Avg:$610,000Median:$525,000Range:$525,000 – $695,000PSF:$216 / $204Sq Ft:2,812 / 2,571DOM:38 / 3New:0Total:2
6 Beds
Avg:$699,999Median:$699,999Range:$699,999 – $699,999PSF:$299 / $299Sq Ft:2,340 / 2,340DOM:222 / 222New:0Total:1
8 Beds
Avg:$864,000Median:$864,000Range:$864,000 – $864,000PSF:$232 / $232Sq Ft:3,722 / 3,722DOM:243 / 243New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $178,500 | $160,000 | $155,000 – $199,999 | $268 / $277 | 686 / 576 | 46 / 20 | 1 | 4 |
| 2 Beds | $289,050 | $265,000 | $125,000 – $412,000 | $252 / $256 | 1,132 / 1,092 | 72 / 20 | 4 | 22 |
| 3 Beds | $537,625 | $565,000 | $94,900 – $950,000 | $330 / $330 | 1,638 / 1,582 | 59 / 15 | 6 | 37 |
| 4 Beds | $692,385 | $674,900 | $450,000 – $879,000 | $280 / $285 | 2,502 / 2,415 | 64 / 33 | 3 | 20 |
| 5 Beds | $610,000 | $525,000 | $525,000 – $695,000 | $216 / $204 | 2,812 / 2,571 | 38 / 3 | 0 | 2 |
| 6 Beds | $699,999 | $699,999 | $699,999 – $699,999 | $299 / $299 | 2,340 / 2,340 | 222 / 222 | 0 | 1 |
| 8 Beds | $864,000 | $864,000 | $864,000 – $864,000 | $232 / $232 | 3,722 / 3,722 | 243 / 243 | 0 | 1 |
Rental Market Overview
Median Rent
$1,675
0.0%
Median DOM
1
0.0%
New Listings
54
Inventory
147
−2.6%
- Average Rent: $1,798
- Median Rent: $1,675
- Rent Range: $975 – $3,625
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 997 / 910
- Square Footage Range: 590 – 2,433
- Days on Market (Avg/Median): 28 / 1
- Days on Market Range: 1 – 345
- New Listings: 54
- Total Listings: 147
Rentals by Property Type
Apartment
$1,575
Median DOM: 1
Inventory: 106
MoM: 0.0%
Condo
$1,550
Median DOM: 1
Inventory: 7
MoM: 0.0%
Single Family
$2,695
Median DOM: 1
Inventory: 28
MoM: 0.0%
Townhouse
$2,200
Median DOM: 1
Inventory: 6
MoM: 0.0%
Apartment
Avg/Median Rent$1,594 / $1,575Range$1,150 – $2,220Rent per Sq Ft$2 / $2Sq Ft866 / 896DOM30 / 1New40Total106
Condo
Avg/Median Rent$1,573 / $1,550Range$1,195 – $2,175Rent per Sq Ft$2 / $2Sq Ft857 / 900DOM21 / 1New3Total7
Single Family
Avg/Median Rent$2,555 / $2,695Range$975 – $3,625Rent per Sq Ft$2 / $2Sq Ft1,502 / 1,536DOM21 / 1New9Total28
Townhouse
Avg/Median Rent$2,122 / $2,200Range$1,695 – $2,295Rent per Sq Ft$2 / $2Sq Ft1,158 / 1,010DOM29 / 1New2Total6
Rentals by Bedroom Count
Studio
Avg:$1,400Median:$1,400Range:$1,400 – $1,400PSF:—Sq Ft:—DOM:49 / 49New:0Total:1
1 Beds
Avg:$1,414Median:$1,425Range:$975 – $1,675PSF:$2 / $2Sq Ft:707 / 700DOM:42 / 1New:9Total:36
2 Beds
Avg:$1,653Median:$1,695Range:$1,195 – $2,200PSF:$2 / $2Sq Ft:920 / 910DOM:28 / 1New:34Total:79
3 Beds
Avg:$2,514Median:$2,499Range:$1,795 – $3,295PSF:$2 / $2Sq Ft:1,378 / 1,427DOM:13 / 1New:11Total:25
4 Beds
Avg:$3,151Median:$2,995Range:$2,895 – $3,625PSF:$2 / $1Sq Ft:2,056 / 2,046DOM:7 / 1New:0Total:5
5 Beds
Avg:$2,800Median:$2,800Range:$2,800 – $2,800PSF:$1 / $1Sq Ft:2,100 / 2,100DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,400 | $1,400 | $1,400 – $1,400 | — | — | 49 / 49 | 0 | 1 |
| 1 Beds | $1,414 | $1,425 | $975 – $1,675 | $2 / $2 | 707 / 700 | 42 / 1 | 9 | 36 |
| 2 Beds | $1,653 | $1,695 | $1,195 – $2,200 | $2 / $2 | 920 / 910 | 28 / 1 | 34 | 79 |
| 3 Beds | $2,514 | $2,499 | $1,795 – $3,295 | $2 / $2 | 1,378 / 1,427 | 13 / 1 | 11 | 25 |
| 4 Beds | $3,151 | $2,995 | $2,895 – $3,625 | $2 / $1 | 2,056 / 2,046 | 7 / 1 | 0 | 5 |
| 5 Beds | $2,800 | $2,800 | $2,800 – $2,800 | $1 / $1 | 2,100 / 2,100 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$569,000Median DOM:55New:15Total:105
Nov 2025
Median Price:$549,900Median DOM:74New:11Total:89
Dec 2025
Median Price:$560,000Median DOM:97New:7Total:69
Jan 2026
Median Price:$559,900Median DOM:80New:19Total:68
Feb 2026
Median Price:$530,000Median DOM:43New:25Total:83
Mar 2026
Median Price:$530,000Median DOM:20New:14Total:89
6-Month Rental Trend
Oct 2025
Median Rent:$1,570Median DOM:4New:32Total:86
Nov 2025
Median Rent:$1,595Median DOM:1New:33Total:80
Dec 2025
Median Rent:$1,650Median DOM:1New:70Total:111
Jan 2026
Median Rent:$1,650Median DOM:1New:78Total:129
Feb 2026
Median Rent:$1,675Median DOM:1New:77Total:151
Mar 2026
Median Rent:$1,675Median DOM:1New:54Total:147
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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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