Market Intelligence · OR / Portland

Portland, OR 97206 Housing Market

The typical home value in Portland's 97206 is $461,375, up 0.7% over the past year as of September 2026. The median list price is $435,875, and homes are spending a median of 59 days on market.

Updated September 2026Median value$461K

The median home value in Portland, OR 97206 is $461K as of September 2026, up 0.7% 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 97206 range

$424K to $498K

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

Sep 2025$458K

Low $458KHigh $464K

Sep 2026$461K

The numbers

What is the 97206 housing market like?

As of September 2026

Typical home value

$461K

0.7%YoY

Median list price

$436K

1.4%MoM

Days on market

0.0%MoM

Homes for sale

135

6.3%MoM

Price cuts

27.8%

2.6%MoM

New listings

13.3%MoM

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

The outlook

97206 housing market forecast 2027

-0.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97206 to stay roughly flat by September 2027 (down 0.2%).

Over the 12 months through September 2026, typical home values in 97206 rose 0.7%, per the Zillow Home Value Index.

Will home prices drop in 97206?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97206 to stay roughly flat by September 2027 (down 0.2%), after a 0.7% 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 97206 home prices compare?

97206$461,375
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

Values in 97206 have been nearly flat, rising 0.7% over the past year to a typical home value of $461,375. There were 135 homes for sale as of September 2026, with 68 new listings coming on. The median list price of $435,875 sits below the typical value, and 27.8% of listings have taken a price cut. With a median of 59 days on market, buyers have time to compare and negotiate. Sellers should expect realistic pricing and some patience to matter more than timing the market.

Monthly payment

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Down payment20% · $92,275

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Common questions

What people ask us.

How much is a home in 97206 worth?

The typical home value in 97206 is $461,375 as of September 2026, up 0.7% over the past year. The median list price is $435,875.

How long does it take to sell a home in 97206?

Homes in 97206 spend a median of 59 days on market as of September 2026. About 27.8% of listings have had a price cut.

How competitive is the 97206 housing market?

There were 135 homes for sale in 97206 as of September 2026, including 68 new listings. That supply, paired with a median of 59 days on market, gives buyers room to negotiate.

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