ZIP 97227 Housing Market Report
Portland Metro
Report period: March 2026
97227 Monthly Market Update – March 2026
ZIP 97227 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$422,000
−7.2%
Median DOM (Sales)
43
+16.2%
New Listings (Sales)
3
−40.0%
Median Rent
$1,650
+0.9%
Median DOM (Rental)
1
0.0%
Total Rental Listings
129
−5.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (5 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 4 Beds ($799,900 median)
Sales Market Overview
Median Price
$422,000
−7.2%
Median DOM
43
+16.2%
New Listings
3
−40.0%
Inventory
26
+8.3%
- Average Price: $548,985
- Median Price: $422,000
- Price Range: $239,000 – $1,250,000
- Price per Sq Ft (Avg/Median): $361 / $348
- Square Footage (Avg/Median): 1,614 / 1,104
- Square Footage Range: 757 – 3,949
- Days on Market (Avg/Median): 69 / 43
- Days on Market Range: 2 – 202
- New Listings: 3
- Total Listings: 26
Sales by Property Type
Condo
Avg/Median Price$359,462 / $379,900Range$239,000 – $454,900Price per Sq Ft$379 / $361Sq Ft963 / 930DOM68 / 43New2Total13
Multi-Family
Avg/Median Price$1,250,000 / $1,250,000Range$1,250,000 – $1,250,000Price per Sq Ft$317 / $317Sq Ft3,949 / 3,949DOM107 / 107New0Total1
Single Family
Avg/Median Price$672,660 / $649,900Range$399,900 – $999,000Price per Sq Ft$341 / $313Sq Ft2,090 / 2,174DOM79 / 39New1Total10
Townhouse
Avg/Median Price$812,000 / $625,000Range$625,000 – $999,000Price per Sq Ft$375 / $316Sq Ft2,299 / 1,440DOM10 / 5New0Total2
Sales by Bedroom Count
1 Beds
Avg:$257,000Median:$239,000Range:$239,000 – $275,000PSF:$337 / $311Sq Ft:763 / 757DOM:28 / 7New:1Total:2
2 Beds
Avg:$383,583Median:$391,000Range:$295,000 – $499,000PSF:$398 / $361Sq Ft:981 / 930DOM:83 / 48New:1Total:12
3 Beds
Avg:$493,267Median:$489,900Range:$454,900 – $535,000PSF:$344 / $301Sq Ft:1,486 / 1,511DOM:72 / 76New:1Total:3
4 Beds
Avg:$852,978Median:$799,900Range:$625,000 – $1,250,000PSF:$325 / $316Sq Ft:2,689 / 2,580DOM:61 / 37New:0Total:9
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $257,000 | $239,000 | $239,000 – $275,000 | $337 / $311 | 763 / 757 | 28 / 7 | 1 | 2 |
| 2 Beds | $383,583 | $391,000 | $295,000 – $499,000 | $398 / $361 | 981 / 930 | 83 / 48 | 1 | 12 |
| 3 Beds | $493,267 | $489,900 | $454,900 – $535,000 | $344 / $301 | 1,486 / 1,511 | 72 / 76 | 1 | 3 |
| 4 Beds | $852,978 | $799,900 | $625,000 – $1,250,000 | $325 / $316 | 2,689 / 2,580 | 61 / 37 | 0 | 9 |
Rental Market Overview
Median Rent
$1,650
+0.9%
Median DOM
1
0.0%
New Listings
57
Inventory
129
−5.1%
- Average Rent: $1,883
- Median Rent: $1,650
- Rent Range: $680 – $5,500
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 774 / 681
- Square Footage Range: 255 – 2,950
- Days on Market (Avg/Median): 18 / 1
- Days on Market Range: 1 – 293
- New Listings: 57
- Total Listings: 129
Rentals by Property Type
Apartment
$1,620
Median DOM: 1
Inventory: 110
MoM: +0.9%
Condo
$1,445
Median DOM: 1
Inventory: 7
MoM: +0.9%
Single Family
$2,870
Median DOM: 1
Inventory: 12
MoM: +0.9%
Townhouse
—
Median DOM: —
Inventory: —
MoM: +0.9%
Apartment
Avg/Median Rent$1,761 / $1,620Range$680 – $3,836Rent per Sq Ft$3 / $3Sq Ft667 / 659DOM19 / 1New45Total110
Condo
Avg/Median Rent$1,701 / $1,445Range$1,220 – $2,400Rent per Sq Ft$2 / $2Sq Ft723 / 626DOM31 / 1New4Total7
Single Family
Avg/Median Rent$3,101 / $2,870Range$1,645 – $5,500Rent per Sq Ft$2 / $2Sq Ft1,718 / 1,650DOM1 / 1New8Total12
Rentals by Bedroom Count
Studio
Avg:$1,163Median:$1,220Range:$697 – $1,405PSF:$3 / $3Sq Ft:457 / 479DOM:56 / 1New:6Total:26
1 Beds
Avg:$1,808Median:$1,650Range:$680 – $3,324PSF:$3 / $3Sq Ft:673 / 666DOM:10 / 1New:34Total:75
2 Beds
Avg:$2,417Median:$2,310Range:$1,395 – $3,836PSF:$3 / $3Sq Ft:938 / 922DOM:16 / 1New:11Total:19
3 Beds
Avg:$3,331Median:$2,870Range:$2,345 – $5,500PSF:$2 / $2Sq Ft:1,607 / 1,650DOM:1 / 1New:4Total:6
4 Beds
Avg:$3,420Median:$2,945Range:$2,945 – $3,895PSF:$1 / $1Sq Ft:2,638 / 2,350DOM:1 / 1New:1Total:2
5 Beds
Avg:$4,295Median:$4,295Range:$4,295 – $4,295PSF:$1 / $1Sq Ft:2,950 / 2,950DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,163 | $1,220 | $697 – $1,405 | $3 / $3 | 457 / 479 | 56 / 1 | 6 | 26 |
| 1 Beds | $1,808 | $1,650 | $680 – $3,324 | $3 / $3 | 673 / 666 | 10 / 1 | 34 | 75 |
| 2 Beds | $2,417 | $2,310 | $1,395 – $3,836 | $3 / $3 | 938 / 922 | 16 / 1 | 11 | 19 |
| 3 Beds | $3,331 | $2,870 | $2,345 – $5,500 | $2 / $2 | 1,607 / 1,650 | 1 / 1 | 4 | 6 |
| 4 Beds | $3,420 | $2,945 | $2,945 – $3,895 | $1 / $1 | 2,638 / 2,350 | 1 / 1 | 1 | 2 |
| 5 Beds | $4,295 | $4,295 | $4,295 – $4,295 | $1 / $1 | 2,950 / 2,950 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$499,900Median DOM:95New:0Total:23
Nov 2025
Median Price:$440,000Median DOM:100New:5Total:26
Dec 2025
Median Price:$423,000Median DOM:131New:0Total:20
Jan 2026
Median Price:$410,000Median DOM:67New:8Total:23
Feb 2026
Median Price:$454,900Median DOM:37New:5Total:24
Mar 2026
Median Price:$422,000Median DOM:43New:3Total:26
6-Month Rental Trend
Oct 2025
Median Rent:$1,399Median DOM:7New:24Total:54
Nov 2025
Median Rent:$1,449Median DOM:9New:19Total:57
Dec 2025
Median Rent:$1,583Median DOM:1New:73Total:106
Jan 2026
Median Rent:$1,645Median DOM:1New:79Total:120
Feb 2026
Median Rent:$1,635Median DOM:1New:72Total:136
Mar 2026
Median Rent:$1,650Median DOM:1New:57Total:129
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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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