ZIP 97220 Housing Market Report
Portland Metro
Report period: March 2026
97220 Monthly Market Update – March 2026
ZIP 97220 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$420,000
−2.1%
Median DOM (Sales)
41
−18.0%
New Listings (Sales)
16
−27.3%
Median Rent
$1,565
+1.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
122
+1.7%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (14 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 8 Beds ($774,900 median)
Sales Market Overview
Median Price
$420,000
−2.1%
Median DOM
41
−18.0%
New Listings
16
−27.3%
Inventory
119
+7.2%
- Average Price: $458,627
- Median Price: $420,000
- Price Range: $76,000 – $3,225,000
- Price per Sq Ft (Avg/Median): $287 / $273
- Square Footage (Avg/Median): 1,821 / 1,508
- Square Footage Range: 340 – 10,480
- Days on Market (Avg/Median): 68 / 41
- Days on Market Range: 2 – 364
- New Listings: 16
- Total Listings: 119
Sales by Property Type
Condo
Avg/Median Price$246,124 / $195,000Range$125,000 – $469,000Price per Sq Ft$290 / $268Sq Ft865 / 759DOM52 / 14New5Total17
Land
Avg/Median Price$170,325 / $127,000Range$76,000 – $289,900Price per Sq Ft—Sq Ft—DOM195 / 136New1Total8
Multi-Family
Avg/Median Price$764,189 / $514,995Range$425,000 – $3,225,000Price per Sq Ft$247 / $244Sq Ft3,233 / 3,022DOM35 / 21New2Total14
Single Family
Avg/Median Price$479,141 / $430,000Range$249,900 – $1,250,000Price per Sq Ft$293 / $279Sq Ft1,795 / 1,524DOM64 / 42New8Total80
Sales by Bedroom Count
1 Beds
Avg:$183,343Median:$150,000Range:$125,000 – $350,000PSF:$338 / $339Sq Ft:535 / 517DOM:74 / 57New:0Total:7
2 Beds
Avg:$344,012Median:$359,000Range:$175,000 – $450,000PSF:$314 / $318Sq Ft:1,154 / 1,053DOM:50 / 14New:1Total:24
3 Beds
Avg:$526,295Median:$440,000Range:$250,000 – $3,225,000PSF:$295 / $292Sq Ft:1,876 / 1,506DOM:60 / 41New:12Total:51
4 Beds
Avg:$568,979Median:$499,999Range:$395,000 – $1,250,000PSF:$255 / $219Sq Ft:2,380 / 2,150DOM:72 / 28New:0Total:19
5 Beds
Avg:$523,698Median:$484,900Range:$299,900 – $729,990PSF:$199 / $211Sq Ft:2,646 / 2,648DOM:19 / 7New:1Total:4
6 Beds
Avg:$569,488Median:$559,950Range:$500,000 – $633,000PSF:$209 / $194Sq Ft:2,840 / 2,995DOM:64 / 42New:1Total:4
8 Beds
Avg:$824,950Median:$774,900Range:$774,900 – $875,000PSF:$196 / $189Sq Ft:4,208 / 4,096DOM:21 / 21New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $183,343 | $150,000 | $125,000 – $350,000 | $338 / $339 | 535 / 517 | 74 / 57 | 0 | 7 |
| 2 Beds | $344,012 | $359,000 | $175,000 – $450,000 | $314 / $318 | 1,154 / 1,053 | 50 / 14 | 1 | 24 |
| 3 Beds | $526,295 | $440,000 | $250,000 – $3,225,000 | $295 / $292 | 1,876 / 1,506 | 60 / 41 | 12 | 51 |
| 4 Beds | $568,979 | $499,999 | $395,000 – $1,250,000 | $255 / $219 | 2,380 / 2,150 | 72 / 28 | 0 | 19 |
| 5 Beds | $523,698 | $484,900 | $299,900 – $729,990 | $199 / $211 | 2,646 / 2,648 | 19 / 7 | 1 | 4 |
| 6 Beds | $569,488 | $559,950 | $500,000 – $633,000 | $209 / $194 | 2,840 / 2,995 | 64 / 42 | 1 | 4 |
| 8 Beds | $824,950 | $774,900 | $774,900 – $875,000 | $196 / $189 | 4,208 / 4,096 | 21 / 21 | 0 | 2 |
Rental Market Overview
Median Rent
$1,565
+1.3%
Median DOM
1
0.0%
New Listings
35
Inventory
122
+1.7%
- Average Rent: $1,756
- Median Rent: $1,565
- Rent Range: $900 – $3,300
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 993 / 905
- Square Footage Range: 331 – 4,086
- Days on Market (Avg/Median): 38 / 1
- Days on Market Range: 1 – 246
- New Listings: 35
- Total Listings: 122
Rentals by Property Type
Apartment
$1,395
Median DOM: 25
Inventory: 65
MoM: +1.3%
Condo
$1,345
Median DOM: 1
Inventory: 16
MoM: +1.3%
Single Family
$2,390
Median DOM: 1
Inventory: 37
MoM: +1.3%
Townhouse
$1,995
Median DOM: 1
Inventory: 4
MoM: +1.3%
Apartment
Avg/Median Rent$1,433 / $1,395Range$900 – $2,295Rent per Sq Ft$2 / $2Sq Ft802 / 850DOM67 / 25New12Total65
Condo
Avg/Median Rent$1,567 / $1,345Range$1,195 – $2,495Rent per Sq Ft$2 / $2Sq Ft785 / 588DOM1 / 1New9Total16
Single Family
Avg/Median Rent$2,343 / $2,390Range$1,250 – $3,300Rent per Sq Ft$2 / $2Sq Ft1,399 / 1,286DOM11 / 1New11Total37
Townhouse
Avg/Median Rent$2,333 / $1,995Range$1,895 – $2,990Rent per Sq Ft$2 / $2Sq Ft1,281 / 1,200DOM3 / 1New3Total4
Rentals by Bedroom Count
Studio
Avg:$1,043Median:$950Range:$900 – $1,210PSF:$3 / $3Sq Ft:423 / 435DOM:59 / 1New:1Total:8
1 Beds
Avg:$1,264Median:$1,250Range:$1,100 – $1,659PSF:$2 / $2Sq Ft:618 / 601DOM:34 / 1New:7Total:24
2 Beds
Avg:$1,614Median:$1,545Range:$1,195 – $2,695PSF:$2 / $2Sq Ft:884 / 885DOM:46 / 1New:15Total:53
3 Beds
Avg:$2,319Median:$2,350Range:$1,795 – $2,999PSF:$2 / $2Sq Ft:1,394 / 1,324DOM:23 / 1New:9Total:29
4 Beds
Avg:$2,729Median:$2,495Range:$2,495 – $3,100PSF:$2 / $1Sq Ft:1,770 / 1,749DOM:15 / 1New:3Total:6
5 Beds
Avg:$3,205Median:$3,110Range:$3,110 – $3,300PSF:$1 / $1Sq Ft:4,086 / 4,086DOM:65 / 1New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,043 | $950 | $900 – $1,210 | $3 / $3 | 423 / 435 | 59 / 1 | 1 | 8 |
| 1 Beds | $1,264 | $1,250 | $1,100 – $1,659 | $2 / $2 | 618 / 601 | 34 / 1 | 7 | 24 |
| 2 Beds | $1,614 | $1,545 | $1,195 – $2,695 | $2 / $2 | 884 / 885 | 46 / 1 | 15 | 53 |
| 3 Beds | $2,319 | $2,350 | $1,795 – $2,999 | $2 / $2 | 1,394 / 1,324 | 23 / 1 | 9 | 29 |
| 4 Beds | $2,729 | $2,495 | $2,495 – $3,100 | $2 / $1 | 1,770 / 1,749 | 15 / 1 | 3 | 6 |
| 5 Beds | $3,205 | $3,110 | $3,110 – $3,300 | $1 / $1 | 4,086 / 4,086 | 65 / 1 | 0 | 2 |
6-Month Sales Trend
Oct 2025
Median Price:$465,000Median DOM:49New:31Total:142
Nov 2025
Median Price:$449,000Median DOM:52New:23Total:133
Dec 2025
Median Price:$440,000Median DOM:65New:12Total:111
Jan 2026
Median Price:$419,900Median DOM:65New:29Total:108
Feb 2026
Median Price:$429,000Median DOM:50New:22Total:111
Mar 2026
Median Price:$420,000Median DOM:41New:16Total:119
6-Month Rental Trend
Oct 2025
Median Rent:$1,495Median DOM:1New:48Total:112
Nov 2025
Median Rent:$1,495Median DOM:1New:56Total:111
Dec 2025
Median Rent:$1,495Median DOM:1New:59Total:116
Jan 2026
Median Rent:$1,495Median DOM:1New:67Total:133
Feb 2026
Median Rent:$1,545Median DOM:1New:52Total:120
Mar 2026
Median Rent:$1,565Median DOM:1New:35Total:122
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing increased, 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.
970059700697007970089702497027970309703497035970609706297068970709720197202972039720497205972069720997210972119721297213972149721597216972179721897219+14 more
← Back to Portland Metro