Market Intelligence · OR / Portland

Portland, OR 97203 Housing Market

The typical home in Portland's 97203 ZIP code is worth $454,530, down 0.9% over the past year. The median list price stands at $429,950, with homes spending a median of 62 days on the market.

Updated August 2026Median value$455K

The median home value in Portland, OR 97203 is $455K as of August 2026, down 0.9% 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 97203 range

$418K to $491K

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

-0.9% over 12 months

Typical home value in 97203 over the last 12 months: $458K in Jul 2025 to $455K in Jul 2026 (-0.9%).

Jul 2025$458K

Jul 2026$455K

The numbers

What is the 97203 housing market like?

Typical home value

$455K

Down0.9%YoY

Median list price

$440K

Up2.3%MoM

Days on market

58

Down6.5%MoM

Homes for sale

88

Down6.4%MoM

Price cuts

39.5%

Up58.4%MoM

New listings

44

Up10.0%MoM

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

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The comparison

How do 97203 home prices compare?

  • 97203$454,530
  • Portland$559,538
  • Oregon$464,217
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Portland: 32 ZIPs; Oregon: 339 ZIPs; United States: 26,266 ZIPs).

Context

As of July 2026, there are 94 homes for sale in 97203, with 40 new listings arriving recently. The median days on market of 62 suggests a moderately paced sales cycle. A notable 24.9% of current listings have seen price cuts, which aligns with the slight year-over-year decline in typical home values. For sellers, this points to a market that rewards realistic pricing and clean condition over hope for appreciation.

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