ZIP 97218 Housing Market Report
Portland Metro
Report period: March 2026
97218 Monthly Market Update – March 2026
ZIP 97218 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$415,000
0.0%
Median DOM (Sales)
48
−7.7%
New Listings (Sales)
6
−53.8%
Median Rent
$1,950
−7.1%
Median DOM (Rental)
17
−29.2%
Total Rental Listings
56
−9.7%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Manufactured (12 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 7 Beds ($5,173,900 median)
Sales Market Overview
Median Price
$415,000
0.0%
Median DOM
48
−7.7%
New Listings
6
−53.8%
Inventory
69
+9.5%
- Average Price: $581,453
- Median Price: $415,000
- Price Range: $68,900 – $5,173,900
- Price per Sq Ft (Avg/Median): $355 / $361
- Square Footage (Avg/Median): 1,710 / 1,224
- Square Footage Range: 399 – 12,080
- Days on Market (Avg/Median): 80 / 48
- Days on Market Range: 3 – 301
- New Listings: 6
- Total Listings: 69
Sales by Property Type
Condo
Avg/Median Price$373,062 / $374,900Range$161,920 – $499,500Price per Sq Ft$399 / $365Sq Ft937 / 922DOM105 / 95New0Total10
Land
Avg/Median Price$398,700 / $339,900Range$250,000 – $665,000Price per Sq Ft—Sq Ft—DOM175 / 155New0Total4
Manufactured
Avg/Median Price$187,967 / $245,000Range$68,900 – $250,000Price per Sq Ft$181 / $173Sq Ft1,073 / 1,080DOM14 / 12New1Total3
Multi-Family
Avg/Median Price$1,660,950 / $829,000Range$415,000 – $5,173,900Price per Sq Ft$402 / $370Sq Ft4,155 / 2,565DOM90 / 52New0Total8
Single Family
Avg/Median Price$477,716 / $419,900Range$224,900 – $799,900Price per Sq Ft$348 / $343Sq Ft1,493 / 1,224DOM72 / 36New5Total40
Townhouse
Avg/Median Price$458,675 / $344,900Range$339,900 – $800,000Price per Sq Ft$347 / $307Sq Ft1,398 / 945DOM35 / 32New0Total4
Sales by Bedroom Count
Studio
Avg:$161,920Median:$161,920Range:$161,920 – $161,920PSF:$321 / $321Sq Ft:504 / 504DOM:152 / 152New:0Total:1
2 Beds
Avg:$353,592Median:$349,900Range:$68,900 – $499,500PSF:$384 / $404Sq Ft:950 / 855DOM:79 / 53New:1Total:25
3 Beds
Avg:$441,258Median:$419,900Range:$245,000 – $675,000PSF:$352 / $365Sq Ft:1,285 / 1,144DOM:63 / 16New:4Total:18
4 Beds
Avg:$618,744Median:$635,000Range:$415,000 – $750,000PSF:$293 / $288Sq Ft:2,156 / 2,174DOM:76 / 63New:0Total:9
5 Beds
Avg:$812,940Median:$675,000Range:$549,900 – $1,400,000PSF:$386 / $286Sq Ft:2,260 / 2,331DOM:72 / 53New:1Total:5
6 Beds
Avg:$1,188,960Median:$800,000Range:$415,000 – $2,800,000PSF:$310 / $312Sq Ft:3,570 / 2,618DOM:39 / 46New:0Total:5
7 Beds
Avg:$5,173,900Median:$5,173,900Range:$5,173,900 – $5,173,900PSF:$428 / $428Sq Ft:12,080 / 12,080DOM:238 / 238New:0Total:1
8 Beds
Avg:$829,000Median:$829,000Range:$829,000 – $829,000PSF:$265 / $265Sq Ft:3,127 / 3,127DOM:45 / 45New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $161,920 | $161,920 | $161,920 – $161,920 | $321 / $321 | 504 / 504 | 152 / 152 | 0 | 1 |
| 2 Beds | $353,592 | $349,900 | $68,900 – $499,500 | $384 / $404 | 950 / 855 | 79 / 53 | 1 | 25 |
| 3 Beds | $441,258 | $419,900 | $245,000 – $675,000 | $352 / $365 | 1,285 / 1,144 | 63 / 16 | 4 | 18 |
| 4 Beds | $618,744 | $635,000 | $415,000 – $750,000 | $293 / $288 | 2,156 / 2,174 | 76 / 63 | 0 | 9 |
| 5 Beds | $812,940 | $675,000 | $549,900 – $1,400,000 | $386 / $286 | 2,260 / 2,331 | 72 / 53 | 1 | 5 |
| 6 Beds | $1,188,960 | $800,000 | $415,000 – $2,800,000 | $310 / $312 | 3,570 / 2,618 | 39 / 46 | 0 | 5 |
| 7 Beds | $5,173,900 | $5,173,900 | $5,173,900 – $5,173,900 | $428 / $428 | 12,080 / 12,080 | 238 / 238 | 0 | 1 |
| 8 Beds | $829,000 | $829,000 | $829,000 – $829,000 | $265 / $265 | 3,127 / 3,127 | 45 / 45 | 0 | 1 |
Rental Market Overview
Median Rent
$1,950
−7.1%
Median DOM
17
−29.2%
New Listings
12
Inventory
56
−9.7%
- Average Rent: $2,081
- Median Rent: $1,950
- Rent Range: $600 – $4,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,086 / 879
- Square Footage Range: 500 – 2,704
- Days on Market (Avg/Median): 44 / 17
- Days on Market Range: 1 – 356
- New Listings: 12
- Total Listings: 56
Rentals by Property Type
Apartment
$1,350
Median DOM: 42
Inventory: 23
MoM: −7.1%
Condo
$2,080
Median DOM: 1
Inventory: 3
MoM: −7.1%
Single Family
$2,350
Median DOM: 1
Inventory: 26
MoM: −7.1%
Townhouse
$2,200
Median DOM: 1
Inventory: 4
MoM: −7.1%
Apartment
Avg/Median Rent$1,524 / $1,350Range$1,149 – $2,300Rent per Sq Ft$2 / $2Sq Ft826 / 832DOM69 / 42New1Total23
Condo
Avg/Median Rent$2,625 / $2,080Range$1,795 – $4,000Rent per Sq Ft$3 / $3Sq Ft842 / 850DOM11 / 1New2Total3
Single Family
Avg/Median Rent$2,469 / $2,350Range$600 – $3,995Rent per Sq Ft$2 / $2Sq Ft1,334 / 1,245DOM26 / 1New8Total26
Townhouse
Avg/Median Rent$2,360 / $2,200Range$2,150 – $2,595Rent per Sq Ft$2 / $2Sq Ft1,221 / 1,300DOM40 / 1New1Total4
Rentals by Bedroom Count
Studio
Avg:$1,325Median:$1,325Range:$1,325 – $1,325PSF:—Sq Ft:—DOM:1 / 1New:1Total:1
1 Beds
Avg:$1,264Median:$1,245Range:$600 – $2,150PSF:$2 / $2Sq Ft:654 / 550DOM:94 / 43New:1Total:9
2 Beds
Avg:$1,932Median:$1,800Range:$1,250 – $4,000PSF:$2 / $2Sq Ft:887 / 850DOM:55 / 48New:4Total:27
3 Beds
Avg:$2,642Median:$2,495Range:$1,795 – $3,995PSF:$2 / $2Sq Ft:1,498 / 1,336DOM:14 / 1New:5Total:15
4 Beds
Avg:$3,011Median:$2,995Range:$2,800 – $3,149PSF:$2 / $2Sq Ft:1,856 / 1,721DOM:1 / 1New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,325 | $1,325 | $1,325 – $1,325 | — | — | 1 / 1 | 1 | 1 |
| 1 Beds | $1,264 | $1,245 | $600 – $2,150 | $2 / $2 | 654 / 550 | 94 / 43 | 1 | 9 |
| 2 Beds | $1,932 | $1,800 | $1,250 – $4,000 | $2 / $2 | 887 / 850 | 55 / 48 | 4 | 27 |
| 3 Beds | $2,642 | $2,495 | $1,795 – $3,995 | $2 / $2 | 1,498 / 1,336 | 14 / 1 | 5 | 15 |
| 4 Beds | $3,011 | $2,995 | $2,800 – $3,149 | $2 / $2 | 1,856 / 1,721 | 1 / 1 | 1 | 4 |
6-Month Sales Trend
Oct 2025
Median Price:$425,000Median DOM:50New:29Total:88
Nov 2025
Median Price:$449,900Median DOM:54New:12Total:87
Dec 2025
Median Price:$465,000Median DOM:71New:7Total:70
Jan 2026
Median Price:$409,000Median DOM:70New:15Total:64
Feb 2026
Median Price:$415,000Median DOM:52New:13Total:63
Mar 2026
Median Price:$415,000Median DOM:48New:6Total:69
6-Month Rental Trend
Oct 2025
Median Rent:$1,795Median DOM:24New:17Total:43
Nov 2025
Median Rent:$1,900Median DOM:17New:18Total:46
Dec 2025
Median Rent:$1,995Median DOM:31New:21Total:52
Jan 2026
Median Rent:$2,100Median DOM:22New:30Total:64
Feb 2026
Median Rent:$2,100Median DOM:24New:20Total:62
Mar 2026
Median Rent:$1,950Median DOM:17New:12Total:56
Key Market Takeaways
Median sale prices held steady 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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