ZIP 97205 Housing Market Report
Portland Metro
Report period: March 2026
97205 Monthly Market Update – March 2026
ZIP 97205 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$425,000
+9.3%
Median DOM (Sales)
33
−29.8%
New Listings (Sales)
6
−77.8%
Median Rent
$1,590
−3.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
128
−15.2%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (26 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 3 Beds ($1,525,000 median)
Sales Market Overview
Median Price
$425,000
+9.3%
Median DOM
33
−29.8%
New Listings
6
−77.8%
Inventory
73
+1.4%
- Average Price: $680,353
- Median Price: $425,000
- Price Range: $139,000 – $2,755,000
- Price per Sq Ft (Avg/Median): $473 / $395
- Square Footage (Avg/Median): 1,417 / 1,102
- Square Footage Range: 437 – 4,595
- Days on Market (Avg/Median): 87 / 33
- Days on Market Range: 1 – 353
- New Listings: 6
- Total Listings: 73
Sales by Property Type
Condo
Avg/Median Price$623,754 / $389,000Range$139,000 – $2,755,000Price per Sq Ft$495 / $405Sq Ft1,157 / 1,052DOM77 / 26New5Total62
Land
Avg/Median Price$185,000 / $185,000Range$185,000 – $185,000Price per Sq Ft—Sq Ft—DOM—New0Total1
Multi-Family
Avg/Median Price$1,745,000 / $1,745,000Range$1,745,000 – $1,745,000Price per Sq Ft$380 / $380Sq Ft4,595 / 4,595DOM208 / 208New0Total1
Single Family
Avg/Median Price$1,083,500 / $845,000Range$215,000 – $1,990,000Price per Sq Ft$333 / $238Sq Ft3,056 / 3,000DOM159 / 137New1Total8
Townhouse
Avg/Median Price$395,000 / $395,000Range$395,000 – $395,000Price per Sq Ft$321 / $321Sq Ft1,232 / 1,232DOM104 / 104New0Total1
Sales by Bedroom Count
Studio
Avg:$172,908Median:$149,000Range:$139,000 – $255,000PSF:$352 / $319Sq Ft:486 / 461DOM:96 / 32New:1Total:6
1 Beds
Avg:$523,181Median:$370,000Range:$155,000 – $1,300,000PSF:$535 / $450Sq Ft:909 / 877DOM:70 / 20New:3Total:27
2 Beds
Avg:$702,147Median:$395,000Range:$215,000 – $2,755,000PSF:$452 / $366Sq Ft:1,434 / 1,364DOM:89 / 33New:1Total:30
3 Beds
Avg:$1,593,750Median:$1,525,000Range:$1,500,000 – $1,775,000PSF:$567 / $532Sq Ft:2,836 / 2,863DOM:128 / 68New:0Total:4
4 Beds
Avg:$1,375,600Median:$1,499,000Range:$799,000 – $1,990,000PSF:$335 / $340Sq Ft:4,036 / 4,029DOM:131 / 134New:1Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $172,908 | $149,000 | $139,000 – $255,000 | $352 / $319 | 486 / 461 | 96 / 32 | 1 | 6 |
| 1 Beds | $523,181 | $370,000 | $155,000 – $1,300,000 | $535 / $450 | 909 / 877 | 70 / 20 | 3 | 27 |
| 2 Beds | $702,147 | $395,000 | $215,000 – $2,755,000 | $452 / $366 | 1,434 / 1,364 | 89 / 33 | 1 | 30 |
| 3 Beds | $1,593,750 | $1,525,000 | $1,500,000 – $1,775,000 | $567 / $532 | 2,836 / 2,863 | 128 / 68 | 0 | 4 |
| 4 Beds | $1,375,600 | $1,499,000 | $799,000 – $1,990,000 | $335 / $340 | 4,036 / 4,029 | 131 / 134 | 1 | 5 |
Rental Market Overview
Median Rent
$1,590
−3.2%
Median DOM
1
0.0%
New Listings
41
Inventory
128
−15.2%
- Average Rent: $2,010
- Median Rent: $1,590
- Rent Range: $675 – $8,538
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 702 / 600
- Square Footage Range: 270 – 1,907
- Days on Market (Avg/Median): 21 / 1
- Days on Market Range: 1 – 329
- New Listings: 41
- Total Listings: 128
Rentals by Property Type
Apartment
$1,577
Median DOM: 1
Inventory: 122
MoM: −3.2%
Condo
$2,045
Median DOM: 1
Inventory: 3
MoM: −3.2%
Single Family
$2,645
Median DOM: 1
Inventory: 3
MoM: −3.2%
Townhouse
—
Median DOM: —
Inventory: —
MoM: −3.2%
Apartment
Avg/Median Rent$2,004 / $1,577Range$675 – $8,538Rent per Sq Ft$3 / $3Sq Ft687 / 600DOM22 / 1New40Total122
Condo
Avg/Median Rent$2,247 / $2,045Range$1,995 – $2,700Rent per Sq Ft$2 / $2Sq Ft1,153 / 1,010DOM1 / 1New1Total3
Single Family
Avg/Median Rent$2,013 / $2,645Range$699 – $2,695Rent per Sq Ft$2 / $2Sq Ft1,147 / 1,013DOM1 / 1New0Total3
Rentals by Bedroom Count
Studio
Avg:$1,379Median:$1,250Range:$675 – $2,728PSF:$3 / $3Sq Ft:459 / 487DOM:46 / 1New:10Total:47
1 Beds
Avg:$1,721Median:$1,562Range:$699 – $3,244PSF:$3 / $2Sq Ft:646 / 650DOM:9 / 1New:17Total:50
2 Beds
Avg:$3,048Median:$2,350Range:$1,495 – $7,187PSF:$3 / $2Sq Ft:1,109 / 1,010DOM:11 / 1New:11Total:24
3 Beds
Avg:$4,749Median:$4,033Range:$2,045 – $8,538PSF:$4 / $3Sq Ft:1,540 / 1,375DOM:8 / 1New:3Total:7
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,379 | $1,250 | $675 – $2,728 | $3 / $3 | 459 / 487 | 46 / 1 | 10 | 47 |
| 1 Beds | $1,721 | $1,562 | $699 – $3,244 | $3 / $2 | 646 / 650 | 9 / 1 | 17 | 50 |
| 2 Beds | $3,048 | $2,350 | $1,495 – $7,187 | $3 / $2 | 1,109 / 1,010 | 11 / 1 | 11 | 24 |
| 3 Beds | $4,749 | $4,033 | $2,045 – $8,538 | $4 / $3 | 1,540 / 1,375 | 8 / 1 | 3 | 7 |
6-Month Sales Trend
Oct 2025
Median Price:$400,000Median DOM:137New:9Total:74
Nov 2025
Median Price:$400,000Median DOM:138New:4Total:69
Dec 2025
Median Price:$375,000Median DOM:138New:5Total:50
Jan 2026
Median Price:$349,000Median DOM:114New:9Total:50
Feb 2026
Median Price:$389,000Median DOM:47New:27Total:72
Mar 2026
Median Price:$425,000Median DOM:33New:6Total:73
6-Month Rental Trend
Oct 2025
Median Rent:$1,295Median DOM:45New:16Total:60
Nov 2025
Median Rent:$1,343Median DOM:46New:13Total:57
Dec 2025
Median Rent:$1,578Median DOM:1New:82Total:121
Jan 2026
Median Rent:$1,519Median DOM:1New:90Total:138
Feb 2026
Median Rent:$1,642Median DOM:1New:61Total:151
Mar 2026
Median Rent:$1,590Median DOM:1New:41Total:128
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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