ZIP 97221 Housing Market Report
Portland Metro
Report period: March 2026
97221 Monthly Market Update – March 2026
ZIP 97221 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$810,000
0.0%
Median DOM (Sales)
42
−20.8%
New Listings (Sales)
8
−11.1%
Median Rent
$1,595
−0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
53
−5.4%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (9 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($3,000,000 median)
Sales Market Overview
Median Price
$810,000
0.0%
Median DOM
42
−20.8%
New Listings
8
−11.1%
Inventory
59
+7.3%
- Average Price: $935,581
- Median Price: $810,000
- Price Range: $175,000 – $3,000,000
- Price per Sq Ft (Avg/Median): $334 / $314
- Square Footage (Avg/Median): 3,215 / 3,024
- Square Footage Range: 815 – 10,963
- Days on Market (Avg/Median): 92 / 42
- Days on Market Range: 4 – 362
- New Listings: 8
- Total Listings: 59
Sales by Property Type
Condo
Avg/Median Price$241,000 / $237,000Range$237,000 – $245,000Price per Sq Ft$241 / $208Sq Ft1,016 / 896DOM125 / 43New0Total2
Land
Avg/Median Price$396,725 / $300,000Range$175,000 – $650,000Price per Sq Ft—Sq Ft—DOM209 / 254New1Total8
Multi-Family
Avg/Median Price$755,000 / $725,000Range$725,000 – $785,000Price per Sq Ft$235 / $179Sq Ft3,438 / 2,496DOM47 / 9New0Total2
Single Family
Avg/Median Price$1,076,856 / $935,000Range$300,000 – $3,000,000Price per Sq Ft$347 / $338Sq Ft3,304 / 3,047DOM80 / 30New7Total45
Townhouse
Avg/Median Price$787,500 / $375,000Range$375,000 – $1,200,000Price per Sq Ft$241 / $229Sq Ft3,194 / 1,640DOM134 / 56New0Total2
Sales by Bedroom Count
2 Beds
Avg:$354,380Median:$375,000Range:$237,000 – $495,000PSF:$366 / $273Sq Ft:1,061 / 896DOM:136 / 198New:0Total:5
3 Beds
Avg:$754,500Median:$765,000Range:$489,000 – $995,000PSF:$381 / $364Sq Ft:2,089 / 2,102DOM:50 / 11New:2Total:12
4 Beds
Avg:$1,176,408Median:$995,000Range:$300,000 – $2,500,000PSF:$327 / $315Sq Ft:3,608 / 3,366DOM:86 / 42New:4Total:26
5 Beds
Avg:$1,122,600Median:$1,200,000Range:$619,000 – $1,600,000PSF:$273 / $263Sq Ft:4,064 / 4,559DOM:58 / 20New:1Total:5
6 Beds
Avg:$1,000,000Median:$725,000Range:$725,000 – $1,275,000PSF:$251 / $212Sq Ft:4,258 / 2,496DOM:81 / 9New:0Total:2
7 Beds
Avg:$3,000,000Median:$3,000,000Range:$3,000,000 – $3,000,000PSF:$274 / $274Sq Ft:10,963 / 10,963DOM:258 / 258New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $354,380 | $375,000 | $237,000 – $495,000 | $366 / $273 | 1,061 / 896 | 136 / 198 | 0 | 5 |
| 3 Beds | $754,500 | $765,000 | $489,000 – $995,000 | $381 / $364 | 2,089 / 2,102 | 50 / 11 | 2 | 12 |
| 4 Beds | $1,176,408 | $995,000 | $300,000 – $2,500,000 | $327 / $315 | 3,608 / 3,366 | 86 / 42 | 4 | 26 |
| 5 Beds | $1,122,600 | $1,200,000 | $619,000 – $1,600,000 | $273 / $263 | 4,064 / 4,559 | 58 / 20 | 1 | 5 |
| 6 Beds | $1,000,000 | $725,000 | $725,000 – $1,275,000 | $251 / $212 | 4,258 / 2,496 | 81 / 9 | 0 | 2 |
| 7 Beds | $3,000,000 | $3,000,000 | $3,000,000 – $3,000,000 | $274 / $274 | 10,963 / 10,963 | 258 / 258 | 0 | 1 |
Rental Market Overview
Median Rent
$1,595
−0.3%
Median DOM
1
0.0%
New Listings
15
Inventory
53
−5.4%
- Average Rent: $1,986
- Median Rent: $1,595
- Rent Range: $1,125 – $6,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,124 / 850
- Square Footage Range: 388 – 4,747
- Days on Market (Avg/Median): 40 / 1
- Days on Market Range: 1 – 337
- New Listings: 15
- Total Listings: 53
Rentals by Property Type
Apartment
$1,550
Median DOM: 1
Inventory: 34
MoM: −0.3%
Condo
$1,395
Median DOM: 1
Inventory: 10
MoM: −0.3%
Single Family
$3,495
Median DOM: 1
Inventory: 9
MoM: −0.3%
Townhouse
—
Median DOM: —
Inventory: —
MoM: −0.3%
Apartment
Avg/Median Rent$1,637 / $1,550Range$1,125 – $4,495Rent per Sq Ft$2 / $2Sq Ft854 / 850DOM53 / 1New6Total34
Condo
Avg/Median Rent$1,802 / $1,395Range$1,195 – $4,495Rent per Sq Ft$2 / $2Sq Ft1,066 / 800DOM4 / 1New5Total10
Single Family
Avg/Median Rent$3,508 / $3,495Range$1,349 – $6,500Rent per Sq Ft$2 / $2Sq Ft2,209 / 1,920DOM44 / 1New4Total9
Rentals by Bedroom Count
Studio
Avg:$1,162Median:$1,125Range:$1,125 – $1,199PSF:$3 / $3Sq Ft:388 / 388DOM:1 / 1New:0Total:2
1 Beds
Avg:$1,425Median:$1,295Range:$1,195 – $1,897PSF:$2 / $2Sq Ft:603 / 612DOM:106 / 1New:3Total:14
2 Beds
Avg:$1,652Median:$1,599Range:$1,250 – $2,450PSF:$2 / $2Sq Ft:963 / 880DOM:18 / 1New:10Total:30
3 Beds
Avg:$4,648Median:$4,500Range:$4,495 – $4,950PSF:$2 / $2Sq Ft:2,700 / 2,630DOM:1 / 1New:1Total:3
4 Beds
Avg:$4,830Median:$4,495Range:$3,495 – $6,500PSF:$2 / $2Sq Ft:2,878 / 2,650DOM:81 / 1New:0Total:3
5 Beds
Avg:$4,995Median:$4,995Range:$4,995 – $4,995PSF:$1 / $1Sq Ft:4,747 / 4,747DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,162 | $1,125 | $1,125 – $1,199 | $3 / $3 | 388 / 388 | 1 / 1 | 0 | 2 |
| 1 Beds | $1,425 | $1,295 | $1,195 – $1,897 | $2 / $2 | 603 / 612 | 106 / 1 | 3 | 14 |
| 2 Beds | $1,652 | $1,599 | $1,250 – $2,450 | $2 / $2 | 963 / 880 | 18 / 1 | 10 | 30 |
| 3 Beds | $4,648 | $4,500 | $4,495 – $4,950 | $2 / $2 | 2,700 / 2,630 | 1 / 1 | 1 | 3 |
| 4 Beds | $4,830 | $4,495 | $3,495 – $6,500 | $2 / $2 | 2,878 / 2,650 | 81 / 1 | 0 | 3 |
| 5 Beds | $4,995 | $4,995 | $4,995 – $4,995 | $1 / $1 | 4,747 / 4,747 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$799,000Median DOM:79New:21Total:99
Nov 2025
Median Price:$795,000Median DOM:80New:14Total:98
Dec 2025
Median Price:$799,000Median DOM:103New:0Total:75
Jan 2026
Median Price:$825,000Median DOM:87New:15Total:60
Feb 2026
Median Price:$810,000Median DOM:53New:9Total:55
Mar 2026
Median Price:$810,000Median DOM:42New:8Total:59
6-Month Rental Trend
Oct 2025
Median Rent:$1,650Median DOM:1New:22Total:48
Nov 2025
Median Rent:$1,595Median DOM:1New:17Total:45
Dec 2025
Median Rent:$1,650Median DOM:1New:28Total:49
Jan 2026
Median Rent:$1,650Median DOM:1New:33Total:56
Feb 2026
Median Rent:$1,600Median DOM:1New:28Total:56
Mar 2026
Median Rent:$1,595Median DOM:1New:15Total:53
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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