ZIP 97204 Housing Market Report
Portland Metro
Report period: March 2026
97204 Monthly Market Update – March 2026
ZIP 97204 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$650,000
0.0%
Median DOM (Sales)
2
−96.8%
New Listings (Sales)
2
+2
Median Rent
$1,693
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
18
−5.3%
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: Condo (2 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 3 Beds ($650,000 median)
Sales Market Overview
Median Price
$650,000
0.0%
Median DOM
2
−96.8%
New Listings
2
+2
Inventory
2
+100.0%
- Average Price: $650,000
- Median Price: $650,000
- Price Range: $650,000 – $650,000
- Price per Sq Ft (Avg/Median): $313 / $313
- Square Footage (Avg/Median): 2,074 / 2,074
- Square Footage Range: 2,074 – 2,074
- Days on Market (Avg/Median): 5 / 2
- Days on Market Range: 2 – 7
- New Listings: 2
- Total Listings: 2
Sales by Property Type
Condo
Avg/Median Price$650,000 / $650,000Range$650,000 – $650,000Price per Sq Ft$313 / $313Sq Ft2,074 / 2,074DOM5 / 2New2Total2
Sales by Bedroom Count
3 Beds
Avg:$650,000Median:$650,000Range:$650,000 – $650,000PSF:$313 / $313Sq Ft:2,074 / 2,074DOM:5 / 2New:2Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $650,000 | $650,000 | $650,000 – $650,000 | $313 / $313 | 2,074 / 2,074 | 5 / 2 | 2 | 2 |
Rental Market Overview
Median Rent
$1,693
0.0%
Median DOM
1
0.0%
New Listings
10
Inventory
18
−5.3%
- Average Rent: $1,685
- Median Rent: $1,693
- Rent Range: $1,295 – $2,500
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 540 / 493
- Square Footage Range: 418 – 1,143
- Days on Market (Avg/Median): 1 / 1
- Days on Market Range: 1 – 1
- New Listings: 10
- Total Listings: 18
Rentals by Property Type
Apartment
$1,693
Median DOM: 1
Inventory: 17
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,500
Median DOM: 1
Inventory: 1
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$1,637 / $1,693Range$1,295 – $1,925Rent per Sq Ft$3 / $3Sq Ft505 / 493DOM1 / 1New10Total17
Single Family
Avg/Median Rent$2,500 / $2,500Range$2,500 – $2,500Rent per Sq Ft$2 / $2Sq Ft1,143 / 1,143DOM1 / 1New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,488Median:$1,450Range:$1,295 – $1,804PSF:$3 / $3Sq Ft:448 / 437DOM:1 / 1New:4Total:9
1 Beds
Avg:$1,805Median:$1,825Range:$1,693 – $1,925PSF:$3 / $3Sq Ft:569 / 564DOM:1 / 1New:6Total:8
2 Beds
Avg:$2,500Median:$2,500Range:$2,500 – $2,500PSF:$2 / $2Sq Ft:1,143 / 1,143DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,488 | $1,450 | $1,295 – $1,804 | $3 / $3 | 448 / 437 | 1 / 1 | 4 | 9 |
| 1 Beds | $1,805 | $1,825 | $1,693 – $1,925 | $3 / $3 | 569 / 564 | 1 / 1 | 6 | 8 |
| 2 Beds | $2,500 | $2,500 | $2,500 – $2,500 | $2 / $2 | 1,143 / 1,143 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$297,500Median DOM:22New:1Total:2
Nov 2025
Median Price:$650,000Median DOM:52New:0Total:1
Dec 2025
Median Price:$650,000Median DOM:62New:0Total:1
Jan 2026
Median Price:$650,000Median DOM:62New:0Total:1
Feb 2026
Median Price:$650,000Median DOM:62New:0Total:1
Mar 2026
Median Price:$650,000Median DOM:2New:2Total:2
6-Month Rental Trend
Oct 2025
Median Rent:$1,199Median DOM:126New:0Total:2
Nov 2025
Median Rent:$1,199Median DOM:156New:0Total:2
Dec 2025
Median Rent:$1,595Median DOM:1New:1Total:3
Jan 2026
Median Rent:$1,693Median DOM:1New:10Total:12
Feb 2026
Median Rent:$1,693Median DOM:1New:17Total:19
Mar 2026
Median Rent:$1,693Median DOM:1New:10Total:18
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.
970059700697007970089702497027970309703497035970609706297068970709720197202972039720497205972069720997210972119721297213972149721597216972179721897219+14 more
← Back to Portland Metro