ZIP 97216 Housing Market Report
Portland Metro
Report period: March 2026
97216 Monthly Market Update – March 2026
ZIP 97216 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$375,000
−5.1%
Median DOM (Sales)
22
0.0%
New Listings (Sales)
7
−63.2%
Median Rent
$1,700
−2.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
81
+11.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Land (14 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($1,068,900 median)
Sales Market Overview
Median Price
$375,000
−5.1%
Median DOM
22
0.0%
New Listings
7
−63.2%
Inventory
71
+6.0%
- Average Price: $426,279
- Median Price: $375,000
- Price Range: $70,000 – $4,500,000
- Price per Sq Ft (Avg/Median): $312 / $321
- Square Footage (Avg/Median): 1,276 / 1,224
- Square Footage Range: 360 – 5,302
- Days on Market (Avg/Median): 61 / 22
- Days on Market Range: 3 – 335
- New Listings: 7
- Total Listings: 71
Sales by Property Type
Condo
Avg/Median Price$282,619 / $260,000Range$126,900 – $399,900Price per Sq Ft$302 / $321Sq Ft1,016 / 1,224DOM55 / 19New2Total32
Land
Avg/Median Price$2,660,000 / $820,000Range$820,000 – $4,500,000Price per Sq Ft—Sq Ft—DOM21 / 14New0Total2
Manufactured
Avg/Median Price$70,000 / $70,000Range$70,000 – $70,000Price per Sq Ft$89 / $89Sq Ft784 / 784DOM58 / 58New0Total1
Multi-Family
Avg/Median Price$658,740 / $675,000Range$375,000 – $1,068,900Price per Sq Ft$237 / $229Sq Ft2,896 / 1,700DOM139 / 86New0Total5
Single Family
Avg/Median Price$428,864 / $435,000Range$265,000 – $575,000Price per Sq Ft$336 / $324Sq Ft1,467 / 1,338DOM59 / 18New3Total25
Townhouse
Avg/Median Price$302,783 / $299,000Range$289,900 – $329,900Price per Sq Ft$352 / $357Sq Ft864 / 818DOM55 / 19New2Total6
Sales by Bedroom Count
Studio
Avg:$146,820Median:$149,900Range:$126,900 – $159,900PSF:$375 / $374Sq Ft:392 / 384DOM:134 / 140New:0Total:10
1 Beds
Avg:$268,000Median:$268,000Range:$268,000 – $268,000PSF:$515 / $515Sq Ft:520 / 520DOM:42 / 42New:0Total:1
2 Beds
Avg:$306,236Median:$299,000Range:$70,000 – $449,999PSF:$351 / $369Sq Ft:926 / 789DOM:45 / 19New:2Total:14
3 Beds
Avg:$380,549Median:$399,900Range:$240,000 – $564,950PSF:$290 / $321Sq Ft:1,367 / 1,247DOM:36 / 19New:4Total:34
4 Beds
Avg:$515,972Median:$509,960Range:$474,900 – $575,000PSF:$239 / $250Sq Ft:2,215 / 2,042DOM:178 / 178New:0Total:5
5 Beds
Avg:$620,000Median:$565,000Range:$565,000 – $675,000PSF:$309 / $309Sq Ft:1,829 / 1,829DOM:47 / 7New:1Total:2
6 Beds
Avg:$395,000Median:$395,000Range:$395,000 – $395,000PSF:$229 / $229Sq Ft:1,725 / 1,725DOM:131 / 131New:0Total:1
7 Beds
Avg:$699,900Median:$699,900Range:$699,900 – $699,900PSF:$238 / $238Sq Ft:2,944 / 2,944DOM:69 / 69New:0Total:1
8 Beds
Avg:$1,068,900Median:$1,068,900Range:$1,068,900 – $1,068,900PSF:$202 / $202Sq Ft:5,302 / 5,302DOM:—New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $146,820 | $149,900 | $126,900 – $159,900 | $375 / $374 | 392 / 384 | 134 / 140 | 0 | 10 |
| 1 Beds | $268,000 | $268,000 | $268,000 – $268,000 | $515 / $515 | 520 / 520 | 42 / 42 | 0 | 1 |
| 2 Beds | $306,236 | $299,000 | $70,000 – $449,999 | $351 / $369 | 926 / 789 | 45 / 19 | 2 | 14 |
| 3 Beds | $380,549 | $399,900 | $240,000 – $564,950 | $290 / $321 | 1,367 / 1,247 | 36 / 19 | 4 | 34 |
| 4 Beds | $515,972 | $509,960 | $474,900 – $575,000 | $239 / $250 | 2,215 / 2,042 | 178 / 178 | 0 | 5 |
| 5 Beds | $620,000 | $565,000 | $565,000 – $675,000 | $309 / $309 | 1,829 / 1,829 | 47 / 7 | 1 | 2 |
| 6 Beds | $395,000 | $395,000 | $395,000 – $395,000 | $229 / $229 | 1,725 / 1,725 | 131 / 131 | 0 | 1 |
| 7 Beds | $699,900 | $699,900 | $699,900 – $699,900 | $238 / $238 | 2,944 / 2,944 | 69 / 69 | 0 | 1 |
| 8 Beds | $1,068,900 | $1,068,900 | $1,068,900 – $1,068,900 | $202 / $202 | 5,302 / 5,302 | — | 0 | 1 |
Rental Market Overview
Median Rent
$1,700
−2.6%
Median DOM
1
0.0%
New Listings
34
Inventory
81
+11.0%
- Average Rent: $1,819
- Median Rent: $1,700
- Rent Range: $1,051 – $3,200
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 928 / 850
- Square Footage Range: 400 – 2,032
- Days on Market (Avg/Median): 25 / 1
- Days on Market Range: 1 – 335
- New Listings: 34
- Total Listings: 81
Rentals by Property Type
Apartment
$1,575
Median DOM: 1
Inventory: 53
MoM: −2.6%
Condo
$1,195
Median DOM: 1
Inventory: 6
MoM: −2.6%
Single Family
$2,349
Median DOM: 1
Inventory: 18
MoM: −2.6%
Townhouse
$1,700
Median DOM: 1
Inventory: 3
MoM: −2.6%
Apartment
Avg/Median Rent$1,661 / $1,575Range$1,051 – $2,679Rent per Sq Ft$2 / $2Sq Ft839 / 740DOM32 / 1New22Total53
Condo
Avg/Median Rent$1,554 / $1,195Range$1,195 – $2,245Rent per Sq Ft$2 / $1Sq Ft938 / 950DOM12 / 1New4Total6
Multi-Family
Avg/Median Rent$1,745 / $1,745Range$1,745 – $1,745Rent per Sq Ft$2 / $2Sq Ft800 / 800DOM1 / 1New1Total1
Single Family
Avg/Median Rent$2,416 / $2,349Range$1,800 – $3,200Rent per Sq Ft$2 / $2Sq Ft1,210 / 1,235DOM7 / 1New6Total18
Townhouse
Avg/Median Rent$1,598 / $1,700Range$1,295 – $1,800Rent per Sq Ft$2 / $2Sq Ft843 / 840DOM73 / 1New1Total3
Rentals by Bedroom Count
Studio
Avg:$1,136Median:$1,051Range:$1,051 – $1,222PSF:$3 / $3Sq Ft:418 / 400DOM:279 / 279New:0Total:2
1 Beds
Avg:$1,453Median:$1,422Range:$1,095 – $1,879PSF:$2 / $2Sq Ft:624 / 607DOM:24 / 1New:8Total:24
2 Beds
Avg:$1,765Median:$1,745Range:$1,175 – $2,608PSF:$2 / $2Sq Ft:918 / 900DOM:25 / 1New:21Total:39
3 Beds
Avg:$2,468Median:$2,449Range:$1,995 – $3,200PSF:$2 / $2Sq Ft:1,393 / 1,348DOM:14 / 1New:4Total:11
4 Beds
Avg:$2,822Median:$2,750Range:$2,595 – $2,995PSF:$2 / $2Sq Ft:1,636 / 1,604DOM:1 / 1New:1Total:4
5 Beds
Avg:$2,949Median:$2,949Range:$2,949 – $2,949PSF:$2 / $2Sq Ft:1,694 / 1,694DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,136 | $1,051 | $1,051 – $1,222 | $3 / $3 | 418 / 400 | 279 / 279 | 0 | 2 |
| 1 Beds | $1,453 | $1,422 | $1,095 – $1,879 | $2 / $2 | 624 / 607 | 24 / 1 | 8 | 24 |
| 2 Beds | $1,765 | $1,745 | $1,175 – $2,608 | $2 / $2 | 918 / 900 | 25 / 1 | 21 | 39 |
| 3 Beds | $2,468 | $2,449 | $1,995 – $3,200 | $2 / $2 | 1,393 / 1,348 | 14 / 1 | 4 | 11 |
| 4 Beds | $2,822 | $2,750 | $2,595 – $2,995 | $2 / $2 | 1,636 / 1,604 | 1 / 1 | 1 | 4 |
| 5 Beds | $2,949 | $2,949 | $2,949 – $2,949 | $2 / $2 | 1,694 / 1,694 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$379,900Median DOM:41New:14Total:75
Nov 2025
Median Price:$385,000Median DOM:44New:12Total:69
Dec 2025
Median Price:$379,000Median DOM:54New:9Total:58
Jan 2026
Median Price:$359,900Median DOM:53New:15Total:53
Feb 2026
Median Price:$395,000Median DOM:22New:19Total:67
Mar 2026
Median Price:$375,000Median DOM:22New:7Total:71
6-Month Rental Trend
Oct 2025
Median Rent:$1,475Median DOM:4New:17Total:45
Nov 2025
Median Rent:$1,450Median DOM:13New:19Total:43
Dec 2025
Median Rent:$1,550Median DOM:1New:26Total:49
Jan 2026
Median Rent:$1,650Median DOM:1New:28Total:55
Feb 2026
Median Rent:$1,745Median DOM:1New:46Total:73
Mar 2026
Median Rent:$1,700Median DOM:1New:34Total:81
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market were unchanged, signaling steady buyer activity. Rental pricing eased, 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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