Market Intelligence · OR / Portland

Portland, OR 97203 Housing Market

The typical home value in Portland, OR 97203 is $442,289, down 0.6% over the past year as of September 2026. The median list price is $434,725, and homes spend a median of 48 days on market.

Updated September 2026Median value$442K

The median home value in Portland, OR 97203 is $442K as of September 2026, down 0.6% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 97203 range

$407K to $478K

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

-0.6% over 12 months

Sep 2025$445K

Low $441KHigh $447K

Sep 2026$442K

The numbers

What is the 97203 housing market like?

As of September 2026

Typical home value

$442K

0.6%YoY

Median list price

$435K

1.2%MoM

Days on market

17.2%MoM

Homes for sale

6.8%MoM

Price cuts

44.2%

11.9%MoM

New listings

4.5%MoM

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

The outlook

97203 housing market forecast 2027

-0.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97203 to fall 0.5% by September 2027.

Over the 12 months through September 2026, typical home values in 97203 fell 0.6%, per the Zillow Home Value Index.

Will home prices drop in 97203?

Zillow's forecast says they may: it expects typical home values in 97203 to fall 0.5% by September 2027, after a 0.6% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 97203 home prices compare?

97203$442,289
Portland$547,291
Oregon$456,438
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Portland: 32 ZIPs; Oregon: 339 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, Portland, OR 97203 has 94 homes for sale and 42 new listings. The median list price is $434,725, while the typical home value is $442,289, down 0.6% over the past year. Homes take a median of 48 days to sell, and 44.2% of listings have a price cut. For a seller, the market is not in a free fall, but pricing too high can mean waiting longer and then cutting anyway.

Monthly payment

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Down payment20% · $88,458

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Common questions

What people ask us.

How much is a home in 97203 worth?

The typical home value in 97203 is $442,289 as of September 2026, down 0.6% over the past year.

How long do homes take to sell in 97203?

The median days on market is 48 days as of September 2026.

How many homes are for sale in 97203?

There are 94 homes for sale as of September 2026, with 42 new listings.

Discover

Nearby ZIP markets.

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