How much is a home in 97203 worth?

The typical home value in 97203 is $454,530 as of 2026-07-01, down 0.9% over the past year.

Are home prices dropping in 97203?

Yes, modestly. Typical values are down 0.9% over the past year, and 39.5% of current listings have had a price cut.

How long does it take to sell a home in 97203?

Homes in 97203 are sitting for a median of 58 days on market as of 2026-08-01.

Market Intelligence · OR / Portland

Portland, OR 97203 Housing Market

The typical home value in Portland, OR 97203 is $454,530, down 0.9% over the past year as of 2026-07-01. Sellers are listing at a median of $439,900, and homes are taking a median of 58 days on market.

Updated August 2026Median value$445K

The median home value in Portland, OR 97203 is $445K as of August 2026, down 0.7% 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 97203 range

$409K to $480K

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

-0.7% over 12 months

Aug 2025$448K

Low $444KHigh $450K

Aug 2026$445K

The numbers

What is the 97203 housing market like?

As of August 2026

Typical home value

$445K

0.7%YoY

Median list price

$440K

2.3%MoM

Days on market

6.5%MoM

Homes for sale

6.4%MoM

Price cuts

39.5%

58.4%MoM

New listings

10.0%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 97203 home prices compare?

97203$444,641
Portland$550,740
Oregon$458,140
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Portland: 32 ZIPs; Oregon: 339 ZIPs; United States: 26,265 ZIPs).

Context

There were 88 homes for sale in 97203 as of 2026-08-01, with 44 new listings hitting the market. The median list price of $439,900 sits below the typical home value of $454,530, which suggests sellers are pricing cautiously. That caution shows up in the 39.5% share of listings with a price cut, a sign that many initial asking prices missed the mark. With a median of 58 days on market, buyers have some room to be selective. For a seller, the data points to a soft market where realistic pricing from day one matters more than it used to.

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