ZIP 97230 Housing Market Report
Portland Metro
Report period: March 2026
97230 Monthly Market Update – March 2026
ZIP 97230 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$429,900
−1.3%
Median DOM (Sales)
61
−15.3%
New Listings (Sales)
16
−46.7%
Median Rent
$1,455
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
144
+2.9%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (33 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 7 Beds ($599,000 median)
Sales Market Overview
Median Price
$429,900
−1.3%
Median DOM
61
−15.3%
New Listings
16
−46.7%
Inventory
184
+2.8%
- Average Price: $425,354
- Median Price: $429,900
- Price Range: $60,000 – $1,199,999
- Price per Sq Ft (Avg/Median): $253 / $240
- Square Footage (Avg/Median): 1,728 / 1,559
- Square Footage Range: 813 – 4,809
- Days on Market (Avg/Median): 96 / 61
- Days on Market Range: 2 – 363
- New Listings: 16
- Total Listings: 184
Sales by Property Type
Condo
Avg/Median Price$259,924 / $242,500Range$190,000 – $369,000Price per Sq Ft$213 / $219Sq Ft1,252 / 1,106DOM158 / 173New0Total41
Land
Avg/Median Price$521,479 / $525,000Range$185,000 – $890,000Price per Sq Ft—Sq Ft—DOM132 / 117New0Total10
Manufactured
Avg/Median Price$120,917 / $123,700Range$60,000 – $150,000Price per Sq Ft$84 / $82Sq Ft1,415 / 1,456DOM116 / 98New0Total6
Multi-Family
Avg/Median Price$531,685 / $509,000Range$395,000 – $749,950Price per Sq Ft$236 / $220Sq Ft2,320 / 1,870DOM133 / 121New0Total10
Single Family
Avg/Median Price$494,608 / $479,000Range$169,000 – $1,199,999Price per Sq Ft$280 / $275Sq Ft1,901 / 1,807DOM63 / 33New16Total109
Townhouse
Avg/Median Price$304,862 / $269,000Range$249,000 – $379,000Price per Sq Ft$232 / $233Sq Ft1,360 / 1,166DOM144 / 185New0Total8
Sales by Bedroom Count
Studio
Avg:$322,500Median:$320,000Range:$320,000 – $325,000PSF:—Sq Ft:—DOM:47 / 47New:0Total:2
1 Beds
Avg:$459,500Median:$169,000Range:$169,000 – $750,000PSF:$214 / $199Sq Ft:2,064 / 850DOM:41 / 41New:0Total:2
2 Beds
Avg:$305,553Median:$275,000Range:$60,000 – $499,900PSF:$242 / $233Sq Ft:1,289 / 1,156DOM:123 / 90New:4Total:45
3 Beds
Avg:$403,135Median:$419,900Range:$117,800 – $710,999PSF:$263 / $252Sq Ft:1,609 / 1,456DOM:82 / 39New:11Total:80
4 Beds
Avg:$557,967Median:$525,000Range:$379,000 – $1,199,999PSF:$261 / $257Sq Ft:2,176 / 2,102DOM:77 / 33New:1Total:32
5 Beds
Avg:$548,987Median:$509,000Range:$479,000 – $675,000PSF:$218 / $215Sq Ft:2,557 / 2,443DOM:89 / 84New:0Total:8
6 Beds
Avg:$659,975Median:$560,000Range:$550,000 – $949,900PSF:$206 / $198Sq Ft:3,240 / 2,552DOM:176 / 133New:0Total:4
7 Beds
Avg:$599,000Median:$599,000Range:$599,000 – $599,000PSF:$179 / $179Sq Ft:3,342 / 3,342DOM:197 / 197New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $322,500 | $320,000 | $320,000 – $325,000 | — | — | 47 / 47 | 0 | 2 |
| 1 Beds | $459,500 | $169,000 | $169,000 – $750,000 | $214 / $199 | 2,064 / 850 | 41 / 41 | 0 | 2 |
| 2 Beds | $305,553 | $275,000 | $60,000 – $499,900 | $242 / $233 | 1,289 / 1,156 | 123 / 90 | 4 | 45 |
| 3 Beds | $403,135 | $419,900 | $117,800 – $710,999 | $263 / $252 | 1,609 / 1,456 | 82 / 39 | 11 | 80 |
| 4 Beds | $557,967 | $525,000 | $379,000 – $1,199,999 | $261 / $257 | 2,176 / 2,102 | 77 / 33 | 1 | 32 |
| 5 Beds | $548,987 | $509,000 | $479,000 – $675,000 | $218 / $215 | 2,557 / 2,443 | 89 / 84 | 0 | 8 |
| 6 Beds | $659,975 | $560,000 | $550,000 – $949,900 | $206 / $198 | 3,240 / 2,552 | 176 / 133 | 0 | 4 |
| 7 Beds | $599,000 | $599,000 | $599,000 – $599,000 | $179 / $179 | 3,342 / 3,342 | 197 / 197 | 0 | 1 |
Rental Market Overview
Median Rent
$1,455
0.0%
Median DOM
1
0.0%
New Listings
48
Inventory
144
+2.9%
- Average Rent: $1,665
- Median Rent: $1,455
- Rent Range: $875 – $4,299
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,013 / 950
- Square Footage Range: 300 – 2,443
- Days on Market (Avg/Median): 43 / 1
- Days on Market Range: 1 – 345
- New Listings: 48
- Total Listings: 144
Rentals by Property Type
Apartment
$1,400
Median DOM: 7
Inventory: 87
MoM: 0.0%
Condo
$1,299
Median DOM: 1
Inventory: 12
MoM: 0.0%
Single Family
$2,195
Median DOM: 1
Inventory: 39
MoM: 0.0%
Townhouse
$1,995
Median DOM: 1
Inventory: 5
MoM: 0.0%
Apartment
Avg/Median Rent$1,480 / $1,400Range$890 – $2,525Rent per Sq Ft$2 / $2Sq Ft890 / 930DOM71 / 7New17Total87
Condo
Avg/Median Rent$1,364 / $1,299Range$999 – $1,795Rent per Sq Ft$2 / $2Sq Ft905 / 853DOM1 / 1New8Total12
Multi-Family
Avg/Median Rent$1,700 / $1,700Range$1,700 – $1,700Rent per Sq Ft$2 / $2Sq Ft780 / 780DOM13 / 13New0Total1
Single Family
Avg/Median Rent$2,110 / $2,195Range$875 – $4,299Rent per Sq Ft$2 / $2Sq Ft1,296 / 1,296DOM11 / 1New21Total39
Townhouse
Avg/Median Rent$2,106 / $1,995Range$1,895 – $2,495Rent per Sq Ft$2 / $2Sq Ft1,364 / 1,300DOM4 / 1New2Total5
Rentals by Bedroom Count
Studio
Avg:$1,235Median:$1,050Range:$890 – $2,241PSF:$4 / $2Sq Ft:355 / 360DOM:59 / 1New:1Total:7
1 Beds
Avg:$1,278Median:$1,175Range:$999 – $2,500PSF:$2 / $2Sq Ft:695 / 700DOM:84 / 21New:3Total:23
2 Beds
Avg:$1,534Median:$1,440Range:$1,100 – $3,000PSF:$2 / $2Sq Ft:943 / 940DOM:40 / 1New:28Total:80
3 Beds
Avg:$2,151Median:$2,195Range:$875 – $3,195PSF:$2 / $2Sq Ft:1,334 / 1,300DOM:28 / 1New:14Total:28
4 Beds
Avg:$3,120Median:$2,900Range:$2,400 – $4,299PSF:$2 / $2Sq Ft:1,920 / 1,860DOM:7 / 1New:2Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,235 | $1,050 | $890 – $2,241 | $4 / $2 | 355 / 360 | 59 / 1 | 1 | 7 |
| 1 Beds | $1,278 | $1,175 | $999 – $2,500 | $2 / $2 | 695 / 700 | 84 / 21 | 3 | 23 |
| 2 Beds | $1,534 | $1,440 | $1,100 – $3,000 | $2 / $2 | 943 / 940 | 40 / 1 | 28 | 80 |
| 3 Beds | $2,151 | $2,195 | $875 – $3,195 | $2 / $2 | 1,334 / 1,300 | 28 / 1 | 14 | 28 |
| 4 Beds | $3,120 | $2,900 | $2,400 – $4,299 | $2 / $2 | 1,920 / 1,860 | 7 / 1 | 2 | 6 |
6-Month Sales Trend
Oct 2025
Median Price:$435,000Median DOM:60New:39Total:221
Nov 2025
Median Price:$429,900Median DOM:73New:33Total:204
Dec 2025
Median Price:$429,000Median DOM:79New:30Total:192
Jan 2026
Median Price:$425,000Median DOM:84New:33Total:174
Feb 2026
Median Price:$435,698Median DOM:72New:30Total:179
Mar 2026
Median Price:$429,900Median DOM:61New:16Total:184
6-Month Rental Trend
Oct 2025
Median Rent:$1,450Median DOM:17New:51Total:139
Nov 2025
Median Rent:$1,450Median DOM:23New:52Total:138
Dec 2025
Median Rent:$1,450Median DOM:21New:44Total:131
Jan 2026
Median Rent:$1,450Median DOM:1New:62Total:135
Feb 2026
Median Rent:$1,455Median DOM:1New:73Total:140
Mar 2026
Median Rent:$1,455Median DOM:1New:48Total:144
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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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