ZIP 97222 Housing Market Report
Portland Metro
Report period: March 2026
97222 Monthly Market Update – March 2026
ZIP 97222 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$415,000
0.0%
Median DOM (Sales)
35
−2.8%
New Listings (Sales)
9
−76.9%
Median Rent
$1,585
−0.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
137
+3.0%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (18 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($879,000 median)
Sales Market Overview
Median Price
$415,000
0.0%
Median DOM
35
−2.8%
New Listings
9
−76.9%
Inventory
140
−0.7%
- Average Price: $449,103
- Median Price: $415,000
- Price Range: $54,900 – $3,490,000
- Price per Sq Ft (Avg/Median): $286 / $273
- Square Footage (Avg/Median): 1,579 / 1,336
- Square Footage Range: 530 – 9,395
- Days on Market (Avg/Median): 75 / 35
- Days on Market Range: 2 – 358
- New Listings: 9
- Total Listings: 140
Sales by Property Type
Condo
Avg/Median Price$295,020 / $250,000Range$219,000 – $459,000Price per Sq Ft$297 / $260Sq Ft1,009 / 960DOM112 / 153New2Total30
Land
Avg/Median Price$665,633 / $250,000Range$125,000 – $1,995,000Price per Sq Ft—Sq Ft—DOM239 / 302New0Total6
Manufactured
Avg/Median Price$126,116 / $129,999Range$54,900 – $200,000Price per Sq Ft$108 / $104Sq Ft1,203 / 1,344DOM88 / 62New0Total19
Multi-Family
Avg/Median Price$691,333 / $695,000Range$500,000 – $879,000Price per Sq Ft$286 / $254Sq Ft2,550 / 2,784DOM63 / 21New0Total3
Single Family
Avg/Median Price$564,873 / $499,900Range$160,000 – $3,490,000Price per Sq Ft$325 / $316Sq Ft1,866 / 1,700DOM53 / 18New7Total77
Townhouse
Avg/Median Price$412,920 / $439,900Range$285,000 – $449,900Price per Sq Ft$299 / $333Sq Ft1,424 / 1,336DOM55 / 19New0Total5
Sales by Bedroom Count
1 Beds
Avg:$79,450Median:$69,900Range:$69,900 – $89,000PSF:$137 / $106Sq Ft:595 / 530DOM:53 / 7New:0Total:2
2 Beds
Avg:$300,419Median:$250,000Range:$54,900 – $574,900PSF:$312 / $261Sq Ft:997 / 960DOM:84 / 62New:2Total:46
3 Beds
Avg:$401,872Median:$424,900Range:$93,500 – $929,900PSF:$278 / $314Sq Ft:1,481 / 1,352DOM:55 / 20New:3Total:53
4 Beds
Avg:$603,558Median:$595,000Range:$285,000 – $865,000PSF:$277 / $256Sq Ft:2,234 / 2,158DOM:71 / 35New:3Total:24
5 Beds
Avg:$675,633Median:$599,900Range:$525,000 – $999,900PSF:$245 / $251Sq Ft:2,793 / 2,520DOM:85 / 7New:1Total:6
6 Beds
Avg:$2,092,500Median:$695,000Range:$695,000 – $3,490,000PSF:$311 / $250Sq Ft:6,090 / 2,784DOM:225 / 161New:0Total:2
8 Beds
Avg:$879,000Median:$879,000Range:$879,000 – $879,000PSF:$254 / $254Sq Ft:3,456 / 3,456DOM:8 / 8New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $79,450 | $69,900 | $69,900 – $89,000 | $137 / $106 | 595 / 530 | 53 / 7 | 0 | 2 |
| 2 Beds | $300,419 | $250,000 | $54,900 – $574,900 | $312 / $261 | 997 / 960 | 84 / 62 | 2 | 46 |
| 3 Beds | $401,872 | $424,900 | $93,500 – $929,900 | $278 / $314 | 1,481 / 1,352 | 55 / 20 | 3 | 53 |
| 4 Beds | $603,558 | $595,000 | $285,000 – $865,000 | $277 / $256 | 2,234 / 2,158 | 71 / 35 | 3 | 24 |
| 5 Beds | $675,633 | $599,900 | $525,000 – $999,900 | $245 / $251 | 2,793 / 2,520 | 85 / 7 | 1 | 6 |
| 6 Beds | $2,092,500 | $695,000 | $695,000 – $3,490,000 | $311 / $250 | 6,090 / 2,784 | 225 / 161 | 0 | 2 |
| 8 Beds | $879,000 | $879,000 | $879,000 – $879,000 | $254 / $254 | 3,456 / 3,456 | 8 / 8 | 0 | 1 |
Rental Market Overview
Median Rent
$1,585
−0.6%
Median DOM
1
0.0%
New Listings
52
Inventory
137
+3.0%
- Average Rent: $1,723
- Median Rent: $1,585
- Rent Range: $1,095 – $3,700
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 878 / 821
- Square Footage Range: 260 – 2,000
- Days on Market (Avg/Median): 32 / 1
- Days on Market Range: 1 – 343
- New Listings: 52
- Total Listings: 137
Rentals by Property Type
Apartment
$1,550
Median DOM: 1
Inventory: 103
MoM: −0.6%
Condo
$1,395
Median DOM: 1
Inventory: 2
MoM: −0.6%
Single Family
$2,395
Median DOM: 1
Inventory: 28
MoM: −0.6%
Townhouse
$1,775
Median DOM: —
Inventory: 1
MoM: −0.6%
Apartment
Avg/Median Rent$1,560 / $1,550Range$1,095 – $3,700Rent per Sq Ft$2 / $2Sq Ft778 / 800DOM43 / 1New39Total103
Condo
Avg/Median Rent$1,572 / $1,395Range$1,395 – $1,749Rent per Sq Ft$2 / $2Sq Ft802 / 700DOM1 / 1New1Total2
Multi-Family
Avg/Median Rent$1,713 / $1,695Range$1,495 – $1,949Rent per Sq Ft$2 / $2Sq Ft884 / 900DOM1 / 1New1Total3
Single Family
Avg/Median Rent$2,330 / $2,395Range$1,295 – $3,195Rent per Sq Ft$2 / $2Sq Ft1,248 / 1,200DOM5 / 1New11Total28
Townhouse
Avg/Median Rent$1,775 / $1,775Range$1,775 – $1,775Rent per Sq Ft$2 / $2Sq Ft816 / 816DOM—New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,237Median:$1,150Range:$1,095 – $1,525PSF:$3 / $3Sq Ft:396 / 380DOM:81 / 1New:3Total:8
1 Beds
Avg:$1,515Median:$1,395Range:$1,195 – $3,700PSF:$2 / $2Sq Ft:650 / 620DOM:42 / 1New:9Total:29
2 Beds
Avg:$1,613Median:$1,585Range:$1,195 – $2,500PSF:$2 / $2Sq Ft:868 / 836DOM:34 / 1New:31Total:77
3 Beds
Avg:$2,492Median:$2,595Range:$1,575 – $2,980PSF:$2 / $2Sq Ft:1,331 / 1,274DOM:4 / 1New:8Total:22
4 Beds
Avg:$3,195Median:$3,195Range:$3,195 – $3,195PSF:$2 / $2Sq Ft:2,000 / 2,000DOM:7 / 7New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,237 | $1,150 | $1,095 – $1,525 | $3 / $3 | 396 / 380 | 81 / 1 | 3 | 8 |
| 1 Beds | $1,515 | $1,395 | $1,195 – $3,700 | $2 / $2 | 650 / 620 | 42 / 1 | 9 | 29 |
| 2 Beds | $1,613 | $1,585 | $1,195 – $2,500 | $2 / $2 | 868 / 836 | 34 / 1 | 31 | 77 |
| 3 Beds | $2,492 | $2,595 | $1,575 – $2,980 | $2 / $2 | 1,331 / 1,274 | 4 / 1 | 8 | 22 |
| 4 Beds | $3,195 | $3,195 | $3,195 – $3,195 | $2 / $2 | 2,000 / 2,000 | 7 / 7 | 1 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$465,000Median DOM:35New:45Total:162
Nov 2025
Median Price:$450,000Median DOM:52New:14Total:145
Dec 2025
Median Price:$409,000Median DOM:82New:14Total:110
Jan 2026
Median Price:$399,000Median DOM:64New:31Total:114
Feb 2026
Median Price:$415,000Median DOM:36New:39Total:141
Mar 2026
Median Price:$415,000Median DOM:35New:9Total:140
6-Month Rental Trend
Oct 2025
Median Rent:$1,595Median DOM:1New:47Total:120
Nov 2025
Median Rent:$1,595Median DOM:1New:50Total:115
Dec 2025
Median Rent:$1,595Median DOM:1New:71Total:138
Jan 2026
Median Rent:$1,595Median DOM:1New:75Total:144
Feb 2026
Median Rent:$1,595Median DOM:1New:61Total:133
Mar 2026
Median Rent:$1,585Median DOM:1New:52Total:137
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market declined, signaling improving 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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