Market Intelligence · OR / Portland

Portland, OR 97205 Housing Market

The typical home value in Portland, OR 97205 is $491,292, up 3.3% over the past year. The median list price is $537,250, and the median days on market is 108, both as of September 2026.

Updated September 2026Median value$491K

The median home value in Portland, OR 97205 is $491K as of September 2026, up 3.3% 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 97205 range

$452K to $531K

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

+3.3% over 12 months

Sep 2025$476K

Low $476KHigh $492K

Sep 2026$491K

The numbers

What is the 97205 housing market like?

As of September 2026

Typical home value

$491K

3.3%YoY

Median list price

$537K

10.3%MoM

Days on market

108

13.7%MoM

Homes for sale

7.4%MoM

Price cuts

22.9%

39.1%MoM

New listings

33.3%MoM

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

The outlook

97205 housing market forecast 2027

-0.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97205 to stay roughly flat by September 2027 (down 0.2%).

Over the 12 months through September 2026, typical home values in 97205 rose 3.3%, per the Zillow Home Value Index.

Will home prices drop in 97205?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97205 to stay roughly flat by September 2027 (down 0.2%), after a 3.3% rise 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 97205 home prices compare?

97205$491,292
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

In Portland, OR 97205, the typical home value is $491,292, up 3.3% over the past year. The median list price stands at $537,250. There were 58 homes for sale and 8 new listings as of September 2026. The median days on market is 108, and 22.9% of listings have a price cut. The market is slow but not collapsing. Sellers should be ready to wait and price carefully.

Monthly payment

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Down payment20% · $98,258

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Common questions

What people ask us.

How much is a home in 97205 worth?

The typical home value in Portland, OR 97205 is $491,292, up 3.3% over the past year.

How long do homes take to sell in 97205?

The median days on market is 108 as of September 2026.

How many homes are for sale in 97205?

There were 58 homes for sale and 8 new listings as of September 2026.

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