ZIP 97206 Housing Market Report
Portland Metro
Report period: March 2026
97206 Monthly Market Update – March 2026
ZIP 97206 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$449,000
0.0%
Median DOM (Sales)
27
−25.0%
New Listings (Sales)
21
−69.6%
Median Rent
$1,529
+0.9%
Median DOM (Rental)
1
0.0%
Total Rental Listings
227
−5.8%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (20 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($1,499,900 median)
Sales Market Overview
Median Price
$449,000
0.0%
Median DOM
27
−25.0%
New Listings
21
−69.6%
Inventory
259
+5.3%
- Average Price: $497,161
- Median Price: $449,000
- Price Range: $29,900 – $1,799,900
- Price per Sq Ft (Avg/Median): $340 / $337
- Square Footage (Avg/Median): 1,542 / 1,288
- Square Footage Range: 364 – 4,583
- Days on Market (Avg/Median): 64 / 27
- Days on Market Range: 2 – 348
- New Listings: 21
- Total Listings: 259
Sales by Property Type
Condo
Avg/Median Price$370,296 / $339,900Range$201,999 – $819,900Price per Sq Ft$354 / $331Sq Ft1,079 / 988DOM82 / 27New4Total46
Land
Avg/Median Price$582,795 / $400,000Range$199,000 – $1,600,000Price per Sq Ft—Sq Ft—DOM113 / 47New0Total10
Manufactured
Avg/Median Price$338,650 / $364,900Range$29,900 – $489,900Price per Sq Ft$257 / $260Sq Ft1,148 / 1,306DOM40 / 39New0Total4
Multi-Family
Avg/Median Price$928,600 / $725,000Range$440,000 – $1,799,900Price per Sq Ft$314 / $280Sq Ft2,994 / 2,678DOM106 / 63New1Total20
Single Family
Avg/Median Price$494,279 / $474,000Range$275,000 – $965,000Price per Sq Ft$342 / $343Sq Ft1,572 / 1,382DOM52 / 20New15Total157
Townhouse
Avg/Median Price$380,668 / $349,900Range$284,900 – $599,900Price per Sq Ft$329 / $328Sq Ft1,176 / 1,071DOM54 / 26New1Total22
Sales by Bedroom Count
Studio
Avg:$201,999Median:$201,999Range:$201,999 – $201,999PSF:$555 / $555Sq Ft:364 / 364DOM:49 / 49New:0Total:1
1 Beds
Avg:$392,940Median:$314,900Range:$29,900 – $975,000PSF:$309 / $356Sq Ft:1,461 / 685DOM:56 / 12New:0Total:5
2 Beds
Avg:$375,840Median:$365,000Range:$269,900 – $539,000PSF:$367 / $366Sq Ft:1,087 / 957DOM:59 / 32New:13Total:86
3 Beds
Avg:$472,125Median:$465,000Range:$297,900 – $849,900PSF:$337 / $328Sq Ft:1,464 / 1,344DOM:60 / 20New:7Total:101
4 Beds
Avg:$586,142Median:$525,000Range:$315,000 – $965,000PSF:$290 / $292Sq Ft:2,102 / 2,029DOM:58 / 12New:1Total:36
5 Beds
Avg:$880,289Median:$699,900Range:$330,000 – $1,799,900PSF:$284 / $296Sq Ft:2,886 / 2,400DOM:78 / 63New:0Total:9
6 Beds
Avg:$854,117Median:$799,900Range:$709,900 – $1,150,000PSF:$310 / $280Sq Ft:2,843 / 2,592DOM:106 / 82New:0Total:6
8 Beds
Avg:$1,322,940Median:$1,499,900Range:$815,000 – $1,729,900PSF:$381 / $404Sq Ft:3,466 / 3,464DOM:112 / 26New:0Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $201,999 | $201,999 | $201,999 – $201,999 | $555 / $555 | 364 / 364 | 49 / 49 | 0 | 1 |
| 1 Beds | $392,940 | $314,900 | $29,900 – $975,000 | $309 / $356 | 1,461 / 685 | 56 / 12 | 0 | 5 |
| 2 Beds | $375,840 | $365,000 | $269,900 – $539,000 | $367 / $366 | 1,087 / 957 | 59 / 32 | 13 | 86 |
| 3 Beds | $472,125 | $465,000 | $297,900 – $849,900 | $337 / $328 | 1,464 / 1,344 | 60 / 20 | 7 | 101 |
| 4 Beds | $586,142 | $525,000 | $315,000 – $965,000 | $290 / $292 | 2,102 / 2,029 | 58 / 12 | 1 | 36 |
| 5 Beds | $880,289 | $699,900 | $330,000 – $1,799,900 | $284 / $296 | 2,886 / 2,400 | 78 / 63 | 0 | 9 |
| 6 Beds | $854,117 | $799,900 | $709,900 – $1,150,000 | $310 / $280 | 2,843 / 2,592 | 106 / 82 | 0 | 6 |
| 8 Beds | $1,322,940 | $1,499,900 | $815,000 – $1,729,900 | $381 / $404 | 3,466 / 3,464 | 112 / 26 | 0 | 5 |
Rental Market Overview
Median Rent
$1,529
+0.9%
Median DOM
1
0.0%
New Listings
85
Inventory
227
−5.8%
- Average Rent: $1,799
- Median Rent: $1,529
- Rent Range: $800 – $4,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 880 / 728
- Square Footage Range: 250 – 3,496
- Days on Market (Avg/Median): 24 / 1
- Days on Market Range: 1 – 300
- New Listings: 85
- Total Listings: 227
Rentals by Property Type
Apartment
$1,349
Median DOM: 1
Inventory: 134
MoM: +0.9%
Condo
$1,495
Median DOM: 1
Inventory: 14
MoM: +0.9%
Single Family
$2,495
Median DOM: 1
Inventory: 73
MoM: +0.9%
Townhouse
$1,525
Median DOM: 1
Inventory: 5
MoM: +0.9%
Apartment
Avg/Median Rent$1,448 / $1,349Range$800 – $3,600Rent per Sq Ft$2 / $3Sq Ft620 / 575DOM37 / 1New45Total134
Condo
Avg/Median Rent$1,765 / $1,495Range$1,299 – $2,500Rent per Sq Ft$2 / $2Sq Ft931 / 963DOM9 / 1New5Total14
Multi-Family
Avg/Median Rent$3,195 / $3,195Range$3,195 – $3,195Rent per Sq Ft$2 / $2Sq Ft1,450 / 1,450DOM1 / 1New1Total1
Single Family
Avg/Median Rent$2,439 / $2,495Range$975 – $4,500Rent per Sq Ft$2 / $2Sq Ft1,333 / 1,166DOM3 / 1New31Total73
Townhouse
Avg/Median Rent$1,693 / $1,525Range$1,150 – $2,295Rent per Sq Ft$2 / $2Sq Ft993 / 900DOM1 / 1New3Total5
Rentals by Bedroom Count
Studio
Avg:$1,264Median:$1,255Range:$800 – $1,590PSF:$3 / $3Sq Ft:422 / 431DOM:12 / 1New:17Total:39
1 Beds
Avg:$1,443Median:$1,345Range:$975 – $2,395PSF:$2 / $2Sq Ft:614 / 588DOM:33 / 1New:29Total:79
2 Beds
Avg:$1,774Median:$1,600Range:$1,250 – $2,695PSF:$2 / $2Sq Ft:905 / 853DOM:37 / 1New:13Total:55
3 Beds
Avg:$2,639Median:$2,495Range:$1,575 – $4,500PSF:$2 / $2Sq Ft:1,465 / 1,408DOM:4 / 1New:22Total:41
4 Beds
Avg:$2,970Median:$2,800Range:$2,190 – $3,800PSF:$2 / $2Sq Ft:1,818 / 1,624DOM:1 / 1New:3Total:11
5 Beds
Avg:$3,372Median:$3,250Range:$3,250 – $3,495PSF:$2 / $2Sq Ft:2,066 / 2,000DOM:1 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,264 | $1,255 | $800 – $1,590 | $3 / $3 | 422 / 431 | 12 / 1 | 17 | 39 |
| 1 Beds | $1,443 | $1,345 | $975 – $2,395 | $2 / $2 | 614 / 588 | 33 / 1 | 29 | 79 |
| 2 Beds | $1,774 | $1,600 | $1,250 – $2,695 | $2 / $2 | 905 / 853 | 37 / 1 | 13 | 55 |
| 3 Beds | $2,639 | $2,495 | $1,575 – $4,500 | $2 / $2 | 1,465 / 1,408 | 4 / 1 | 22 | 41 |
| 4 Beds | $2,970 | $2,800 | $2,190 – $3,800 | $2 / $2 | 1,818 / 1,624 | 1 / 1 | 3 | 11 |
| 5 Beds | $3,372 | $3,250 | $3,250 – $3,495 | $2 / $2 | 2,066 / 2,000 | 1 / 1 | 1 | 2 |
6-Month Sales Trend
Oct 2025
Median Price:$455,000Median DOM:49New:70Total:306
Nov 2025
Median Price:$449,000Median DOM:55New:37Total:279
Dec 2025
Median Price:$444,900Median DOM:67New:33Total:230
Jan 2026
Median Price:$445,000Median DOM:45New:68Total:224
Feb 2026
Median Price:$449,000Median DOM:36New:69Total:246
Mar 2026
Median Price:$449,000Median DOM:27New:21Total:259
6-Month Rental Trend
Oct 2025
Median Rent:$1,700Median DOM:1New:86Total:189
Nov 2025
Median Rent:$1,625Median DOM:1New:104Total:185
Dec 2025
Median Rent:$1,600Median DOM:1New:121Total:213
Jan 2026
Median Rent:$1,550Median DOM:1New:125Total:227
Feb 2026
Median Rent:$1,515Median DOM:1New:120Total:241
Mar 2026
Median Rent:$1,529Median DOM:1New:85Total:227
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 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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