ZIP 97203 Housing Market Report
Portland Metro
Report period: March 2026
97203 Monthly Market Update – March 2026
ZIP 97203 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$425,000
0.0%
Median DOM (Sales)
29
−21.6%
New Listings (Sales)
19
−38.7%
Median Rent
$1,595
+0.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
192
+1.6%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (14 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 7 Beds ($1,899,000 median)
Sales Market Overview
Median Price
$425,000
0.0%
Median DOM
29
−21.6%
New Listings
19
−38.7%
Inventory
168
+9.1%
- Average Price: $448,912
- Median Price: $425,000
- Price Range: $65,000 – $1,899,000
- Price per Sq Ft (Avg/Median): $338 / $324
- Square Footage (Avg/Median): 1,435 / 1,256
- Square Footage Range: 436 – 4,416
- Days on Market (Avg/Median): 64 / 29
- Days on Market Range: 2 – 347
- New Listings: 19
- Total Listings: 168
Sales by Property Type
Condo
Avg/Median Price$305,362 / $289,900Range$179,000 – $575,000Price per Sq Ft$332 / $319Sq Ft942 / 910DOM89 / 74New2Total29
Land
Avg/Median Price$269,000 / $250,000Range$65,000 – $399,000Price per Sq Ft—Sq Ft—DOM101 / 96New0Total6
Multi-Family
Avg/Median Price$857,899 / $749,900Range$514,995 – $1,899,000Price per Sq Ft$305 / $290Sq Ft2,807 / 2,698DOM120 / 25New0Total8
Single Family
Avg/Median Price$478,682 / $465,000Range$179,950 – $975,000Price per Sq Ft$343 / $326Sq Ft1,512 / 1,429DOM53 / 21New12Total109
Townhouse
Avg/Median Price$369,262 / $344,900Range$299,900 – $749,000Price per Sq Ft$337 / $333Sq Ft1,116 / 1,003DOM66 / 14New5Total16
Sales by Bedroom Count
1 Beds
Avg:$282,817Median:$200,000Range:$179,000 – $419,900PSF:$435 / $383Sq Ft:686 / 520DOM:83 / 20New:1Total:6
2 Beds
Avg:$360,368Median:$349,900Range:$179,950 – $849,900PSF:$350 / $329Sq Ft:1,074 / 925DOM:75 / 55New:8Total:75
3 Beds
Avg:$499,881Median:$499,000Range:$279,500 – $710,000PSF:$331 / $326Sq Ft:1,606 / 1,465DOM:46 / 15New:8Total:57
4 Beds
Avg:$608,370Median:$565,000Range:$467,000 – $975,000PSF:$296 / $302Sq Ft:2,063 / 2,050DOM:62 / 18New:2Total:18
5 Beds
Avg:$723,250Median:$671,500Range:$671,500 – $775,000PSF:$232 / $199Sq Ft:3,216 / 2,540DOM:109 / 13New:0Total:2
6 Beds
Avg:$682,450Median:$615,000Range:$615,000 – $749,900PSF:$267 / $256Sq Ft:2,550 / 2,402DOM:22 / 18New:0Total:2
7 Beds
Avg:$1,899,000Median:$1,899,000Range:$1,899,000 – $1,899,000PSF:$430 / $430Sq Ft:4,416 / 4,416DOM:—New:0Total:1
8 Beds
Avg:$924,500Median:$924,500Range:$924,500 – $924,500PSF:$290 / $290Sq Ft:3,185 / 3,185DOM:13 / 13New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $282,817 | $200,000 | $179,000 – $419,900 | $435 / $383 | 686 / 520 | 83 / 20 | 1 | 6 |
| 2 Beds | $360,368 | $349,900 | $179,950 – $849,900 | $350 / $329 | 1,074 / 925 | 75 / 55 | 8 | 75 |
| 3 Beds | $499,881 | $499,000 | $279,500 – $710,000 | $331 / $326 | 1,606 / 1,465 | 46 / 15 | 8 | 57 |
| 4 Beds | $608,370 | $565,000 | $467,000 – $975,000 | $296 / $302 | 2,063 / 2,050 | 62 / 18 | 2 | 18 |
| 5 Beds | $723,250 | $671,500 | $671,500 – $775,000 | $232 / $199 | 3,216 / 2,540 | 109 / 13 | 0 | 2 |
| 6 Beds | $682,450 | $615,000 | $615,000 – $749,900 | $267 / $256 | 2,550 / 2,402 | 22 / 18 | 0 | 2 |
| 7 Beds | $1,899,000 | $1,899,000 | $1,899,000 – $1,899,000 | $430 / $430 | 4,416 / 4,416 | — | 0 | 1 |
| 8 Beds | $924,500 | $924,500 | $924,500 – $924,500 | $290 / $290 | 3,185 / 3,185 | 13 / 13 | 0 | 1 |
Rental Market Overview
Median Rent
$1,595
+0.6%
Median DOM
1
0.0%
New Listings
66
Inventory
192
+1.6%
- Average Rent: $1,860
- Median Rent: $1,595
- Rent Range: $545 – $5,995
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 926 / 791
- Square Footage Range: 299 – 3,316
- Days on Market (Avg/Median): 40 / 1
- Days on Market Range: 1 – 350
- New Listings: 66
- Total Listings: 192
Rentals by Property Type
Apartment
$1,360
Median DOM: 16
Inventory: 93
MoM: +0.6%
Condo
$1,795
Median DOM: 1
Inventory: 15
MoM: +0.6%
Single Family
$2,395
Median DOM: 1
Inventory: 73
MoM: +0.6%
Townhouse
$1,995
Median DOM: 1
Inventory: 9
MoM: +0.6%
Apartment
Avg/Median Rent$1,477 / $1,360Range$895 – $4,995Rent per Sq Ft$2 / $2Sq Ft691 / 620DOM70 / 16New18Total93
Condo
Avg/Median Rent$1,774 / $1,795Range$995 – $2,495Rent per Sq Ft$2 / $2Sq Ft868 / 830DOM15 / 1New4Total15
Multi-Family
Avg/Median Rent$2,072 / $1,850Range$1,850 – $2,295Rent per Sq Ft$2 / $2Sq Ft1,112 / 860DOM17 / 13New0Total2
Single Family
Avg/Median Rent$2,280 / $2,395Range$545 – $4,000Rent per Sq Ft$2 / $2Sq Ft1,236 / 1,100DOM13 / 1New38Total73
Townhouse
Avg/Median Rent$2,502 / $1,995Range$1,500 – $5,995Rent per Sq Ft$3 / $2Sq Ft1,030 / 896DOM14 / 1New6Total9
Rentals by Bedroom Count
Studio
Avg:$1,145Median:$1,099Range:$895 – $1,600PSF:$3 / $3Sq Ft:418 / 412DOM:74 / 15New:3Total:20
1 Beds
Avg:$1,368Median:$1,360Range:$545 – $1,995PSF:$2 / $2Sq Ft:610 / 600DOM:38 / 1New:15Total:61
2 Beds
Avg:$1,886Median:$1,850Range:$765 – $2,695PSF:$2 / $2Sq Ft:931 / 850DOM:40 / 1New:26Total:63
3 Beds
Avg:$2,616Median:$2,595Range:$1,250 – $5,995PSF:$2 / $2Sq Ft:1,406 / 1,372DOM:29 / 1New:16Total:35
4 Beds
Avg:$3,212Median:$3,095Range:$2,595 – $3,595PSF:$2 / $2Sq Ft:2,143 / 2,099DOM:1 / 1New:4Total:6
5 Beds
Avg:$3,097Median:$3,095Range:$2,445 – $3,750PSF:$1 / $1Sq Ft:2,168 / 2,021DOM:18 / 1New:1Total:3
6 Beds
Avg:$2,946Median:$2,595Range:$2,545 – $4,000PSF:$2 / $2Sq Ft:1,275 / 1,300DOM:88 / 1New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,145 | $1,099 | $895 – $1,600 | $3 / $3 | 418 / 412 | 74 / 15 | 3 | 20 |
| 1 Beds | $1,368 | $1,360 | $545 – $1,995 | $2 / $2 | 610 / 600 | 38 / 1 | 15 | 61 |
| 2 Beds | $1,886 | $1,850 | $765 – $2,695 | $2 / $2 | 931 / 850 | 40 / 1 | 26 | 63 |
| 3 Beds | $2,616 | $2,595 | $1,250 – $5,995 | $2 / $2 | 1,406 / 1,372 | 29 / 1 | 16 | 35 |
| 4 Beds | $3,212 | $3,095 | $2,595 – $3,595 | $2 / $2 | 2,143 / 2,099 | 1 / 1 | 4 | 6 |
| 5 Beds | $3,097 | $3,095 | $2,445 – $3,750 | $1 / $1 | 2,168 / 2,021 | 18 / 1 | 1 | 3 |
| 6 Beds | $2,946 | $2,595 | $2,545 – $4,000 | $2 / $2 | 1,275 / 1,300 | 88 / 1 | 1 | 4 |
6-Month Sales Trend
Oct 2025
Median Price:$435,000Median DOM:51New:39Total:205
Nov 2025
Median Price:$425,000Median DOM:58New:30Total:189
Dec 2025
Median Price:$419,900Median DOM:62New:17Total:155
Jan 2026
Median Price:$429,900Median DOM:57New:49Total:158
Feb 2026
Median Price:$425,000Median DOM:37New:31Total:154
Mar 2026
Median Price:$425,000Median DOM:29New:19Total:168
6-Month Rental Trend
Oct 2025
Median Rent:$1,550Median DOM:1New:91Total:189
Nov 2025
Median Rent:$1,585Median DOM:1New:91Total:200
Dec 2025
Median Rent:$1,595Median DOM:1New:89Total:206
Jan 2026
Median Rent:$1,585Median DOM:1New:89Total:181
Feb 2026
Median Rent:$1,585Median DOM:1New:80Total:189
Mar 2026
Median Rent:$1,595Median DOM:1New:66Total:192
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing increased, 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.
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