Market Intelligence · OR / Portland

Portland, OR 97203 Housing Market

The typical home value in Portland's 97203 ZIP code is $458,046, down 1.0% over the past year. The median list price sits at $423,175, and homes are taking a median of 53 days on market as of June 2026.

Updated June 2026Median value$458K

The median home value in Portland, OR 97203 is $458K as of June 2026, down 1.0% 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

$421K to $495K

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

-1.0% over 12 months

Typical home value in 97203 over the last 12 months: $463K in Jun 2025 to $458K in Jun 2026 (-1.0%).

Jun 2025$463K

Jun 2026$458K

The numbers

What is the 97203 housing market like?

Typical home value

$458K

Down1.0%YoY

Median list price

$423K

Days on market

53

Up194.4%MoM

Homes for sale

97

Price cuts

27.9%

New listings

44

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

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The comparison

How do 97203 home prices compare?

  • 97203$458,046
  • 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 97 homes for sale in 97203, with 44 new listings recently added. The median list price is $423,175, while the typical home value is $458,046, down 1.0% over the past year. Homes are spending a median of 53 days on market, and 27.9% of listings have had a price cut. For sellers, this points to a slower, softer market where careful pricing matters more than it did a year ago.

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