Market Intelligence · OR / Portland

Portland, OR 97201 Housing Market

The typical home in Portland's 97201 ZIP code is worth $437,116, down 3.9% over the past year. The median list price is $452,475, and homes are taking a median of 84 days on market.

Updated June 2026Median value$437K

The median home value in Portland, OR 97201 is $437K as of June 2026, down 3.9% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 97201 range

$402K to $472K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-3.9% over 12 months

Typical home value in 97201 over the last 12 months: $455K in Jun 2025 to $437K in Jun 2026 (-3.9%).

Jun 2025$455K

Jun 2026$437K

The numbers

What is the 97201 housing market like?

Typical home value

$437K

Down3.9%YoY

Median list price

$452K

Days on market

84

Up86.7%MoM

Homes for sale

137

Price cuts

27.9%

New listings

30

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 97201 home prices compare?

  • 97201$437,116
  • Portland$565,700
  • Oregon$464,860
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Portland: 32 ZIPs; Oregon: 339 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 137 homes for sale across 97201, with 30 new listings added. The typical home value stands at $437,116, down 3.9% over the past year. Homes sit for a median of 84 days on market, and 27.9% of listings have taken a price cut. For a seller, this points to a slower market where realistic pricing and patience matter.

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