ZIP 97062 Housing Market Report
Portland Metro
Report period: March 2026
97062 Monthly Market Update – March 2026
ZIP 97062 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$585,400
−0.8%
Median DOM (Sales)
28
−9.7%
New Listings (Sales)
14
−68.9%
Median Rent
$1,600
+0.2%
Median DOM (Rental)
30
−14.3%
Total Rental Listings
98
0.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher.
What's Moving Fastest
- Fastest selling: Single Family (20 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($825,000 median)
Sales Market Overview
Median Price
$585,400
−0.8%
Median DOM
28
−9.7%
New Listings
14
−68.9%
Inventory
137
−2.8%
- Average Price: $594,721
- Median Price: $585,400
- Price Range: $65,000 – $6,250,000
- Price per Sq Ft (Avg/Median): $273 / $268
- Square Footage (Avg/Median): 2,085 / 2,004
- Square Footage Range: 839 – 7,170
- Days on Market (Avg/Median): 54 / 28
- Days on Market Range: 1 – 300
- New Listings: 14
- Total Listings: 137
Sales by Property Type
Condo
Avg/Median Price$337,852 / $314,900Range$215,000 – $589,000Price per Sq Ft$261 / $259Sq Ft1,301 / 1,129DOM100 / 51New0Total19
Land
Avg/Median Price$150,000 / $150,000Range$150,000 – $150,000Price per Sq Ft—Sq Ft—DOM—New0Total1
Manufactured
Avg/Median Price$109,357 / $94,995Range$65,000 – $174,999Price per Sq Ft$100 / $92Sq Ft1,150 / 1,080DOM92 / 57New0Total12
Multi-Family
Avg/Median Price$607,250 / $575,000Range$575,000 – $639,500Price per Sq Ft$330 / $311Sq Ft1,853 / 1,648DOM117 / 36New0Total2
Single Family
Avg/Median Price$760,235 / $653,400Range$499,900 – $6,250,000Price per Sq Ft$300 / $284Sq Ft2,483 / 2,360DOM44 / 20New9Total82
Townhouse
Avg/Median Price$478,167 / $499,900Range$389,000 – $526,400Price per Sq Ft$269 / $261Sq Ft1,795 / 1,826DOM26 / 28New5Total21
Sales by Bedroom Count
2 Beds
Avg:$267,188Median:$249,000Range:$65,000 – $875,000PSF:$221 / $259Sq Ft:1,139 / 1,084DOM:100 / 39New:1Total:18
3 Beds
Avg:$448,327Median:$486,400Range:$69,500 – $910,000PSF:$265 / $263Sq Ft:1,672 / 1,700DOM:54 / 28New:4Total:41
4 Beds
Avg:$646,349Median:$629,900Range:$459,900 – $1,025,000PSF:$284 / $277Sq Ft:2,304 / 2,288DOM:41 / 21New:5Total:59
5 Beds
Avg:$1,128,025Median:$812,838Range:$638,000 – $6,250,000PSF:$309 / $268Sq Ft:3,216 / 2,872DOM:50 / 30New:4Total:17
6 Beds
Avg:$825,000Median:$825,000Range:$825,000 – $825,000PSF:$215 / $215Sq Ft:3,835 / 3,835DOM:138 / 138New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $267,188 | $249,000 | $65,000 – $875,000 | $221 / $259 | 1,139 / 1,084 | 100 / 39 | 1 | 18 |
| 3 Beds | $448,327 | $486,400 | $69,500 – $910,000 | $265 / $263 | 1,672 / 1,700 | 54 / 28 | 4 | 41 |
| 4 Beds | $646,349 | $629,900 | $459,900 – $1,025,000 | $284 / $277 | 2,304 / 2,288 | 41 / 21 | 5 | 59 |
| 5 Beds | $1,128,025 | $812,838 | $638,000 – $6,250,000 | $309 / $268 | 3,216 / 2,872 | 50 / 30 | 4 | 17 |
| 6 Beds | $825,000 | $825,000 | $825,000 – $825,000 | $215 / $215 | 3,835 / 3,835 | 138 / 138 | 0 | 1 |
Rental Market Overview
Median Rent
$1,600
+0.2%
Median DOM
30
−14.3%
New Listings
18
Inventory
98
0.0%
- Average Rent: $1,789
- Median Rent: $1,600
- Rent Range: $1,193 – $3,595
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 916 / 795
- Square Footage Range: 452 – 3,012
- Days on Market (Avg/Median): 53 / 30
- Days on Market Range: 1 – 275
- New Listings: 18
- Total Listings: 98
Rentals by Property Type
Apartment
$1,544
Median DOM: 38
Inventory: 77
MoM: +0.2%
Condo
$1,695
Median DOM: 1
Inventory: 5
MoM: +0.2%
Single Family
$2,695
Median DOM: 1
Inventory: 14
MoM: +0.2%
Townhouse
$1,600
Median DOM: 30
Inventory: 2
MoM: +0.2%
Apartment
Avg/Median Rent$1,595 / $1,544Range$1,193 – $2,272Rent per Sq Ft$2 / $2Sq Ft775 / 693DOM61 / 38New10Total77
Condo
Avg/Median Rent$1,714 / $1,695Range$1,550 – $1,900Rent per Sq Ft$2 / $2Sq Ft893 / 904DOM7 / 1New2Total5
Single Family
Avg/Median Rent$2,794 / $2,695Range$1,950 – $3,595Rent per Sq Ft$2 / $2Sq Ft1,622 / 1,385DOM19 / 1New6Total14
Townhouse
Avg/Median Rent$2,400 / $1,600Range$1,600 – $3,200Rent per Sq Ft$2 / $2Sq Ft1,427 / 850DOM123 / 30New0Total2
Rentals by Bedroom Count
Studio
Avg:$1,264Median:$1,266Range:$1,193 – $1,361PSF:$3 / $3Sq Ft:452 / 452DOM:78 / 78New:0Total:14
1 Beds
Avg:$1,499Median:$1,478Range:$1,350 – $1,695PSF:$2 / $2Sq Ft:680 / 693DOM:68 / 61New:2Total:34
2 Beds
Avg:$1,783Median:$1,750Range:$1,349 – $2,102PSF:$2 / $2Sq Ft:965 / 986DOM:30 / 6New:10Total:30
3 Beds
Avg:$2,504Median:$2,450Range:$1,544 – $3,575PSF:$2 / $2Sq Ft:1,372 / 1,190DOM:44 / 9New:5Total:16
4 Beds
Avg:$3,045Median:$2,995Range:$2,995 – $3,095PSF:$2 / $1Sq Ft:1,999 / 1,898DOM:42 / 1New:1Total:2
5 Beds
Avg:$3,485Median:$3,375Range:$3,375 – $3,595PSF:$1 / $1Sq Ft:2,695 / 2,378DOM:16 / 1New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,264 | $1,266 | $1,193 – $1,361 | $3 / $3 | 452 / 452 | 78 / 78 | 0 | 14 |
| 1 Beds | $1,499 | $1,478 | $1,350 – $1,695 | $2 / $2 | 680 / 693 | 68 / 61 | 2 | 34 |
| 2 Beds | $1,783 | $1,750 | $1,349 – $2,102 | $2 / $2 | 965 / 986 | 30 / 6 | 10 | 30 |
| 3 Beds | $2,504 | $2,450 | $1,544 – $3,575 | $2 / $2 | 1,372 / 1,190 | 44 / 9 | 5 | 16 |
| 4 Beds | $3,045 | $2,995 | $2,995 – $3,095 | $2 / $1 | 1,999 / 1,898 | 42 / 1 | 1 | 2 |
| 5 Beds | $3,485 | $3,375 | $3,375 – $3,595 | $1 / $1 | 2,695 / 2,378 | 16 / 1 | 0 | 2 |
6-Month Sales Trend
Oct 2025
Median Price:$607,400Median DOM:51New:45Total:164
Nov 2025
Median Price:$599,900Median DOM:48New:23Total:151
Dec 2025
Median Price:$599,000Median DOM:54New:27Total:126
Jan 2026
Median Price:$591,900Median DOM:40New:41Total:118
Feb 2026
Median Price:$589,900Median DOM:31New:45Total:141
Mar 2026
Median Price:$585,400Median DOM:28New:14Total:137
6-Month Rental Trend
Oct 2025
Median Rent:$1,695Median DOM:18New:35Total:78
Nov 2025
Median Rent:$1,609Median DOM:33New:28Total:82
Dec 2025
Median Rent:$1,625Median DOM:47New:24Total:89
Jan 2026
Median Rent:$1,625Median DOM:53New:27Total:94
Feb 2026
Median Rent:$1,597Median DOM:35New:22Total:98
Mar 2026
Median Rent:$1,600Median DOM:30New:18Total:98
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing increased, while total rental inventory was flat.
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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