What is the typical home value in 97206?

The typical home value in Portland's 97206 ZIP is $469,315, down 0.1% over the past year.

How long do homes usually stay on the market here?

The median time on market is 46 days.

Are sellers having to reduce prices?

Yes. As of July 2026, 27.4% of listings have taken a price cut, indicating some adjustment in seller expectations.

Market Intelligence · OR / Portland

Portland, OR 97206 Housing Market

Homes in Portland's 97206 ZIP code have a typical value of $469,315, down 0.1% over the past year. The median list price stands at $444,450, with homes spending a median of 46 days on the market.

Updated August 2026Median value$469K

The median home value in Portland, OR 97206 is $469K as of August 2026, down 0.1% 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 97206 range

$432K to $507K

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

-0.1% over 12 months

Jul 2025$470K

Low $469KHigh $476K

Jul 2026$469K

The numbers

What is the 97206 housing market like?

As of August 2026

Typical home value

$469K

0.1%YoY

Median list price

$430K

3.3%MoM

Days on market

28.3%MoM

Homes for sale

127

5.2%MoM

Price cuts

28.6%

4.5%MoM

New listings

3.2%MoM

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

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The comparison

How do 97206 home prices compare?

97206$469,315
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

There are currently 134 homes for sale in 97206, with 62 new listings as of early July 2026. The market shows mixed signals: while inventory is steady, 27.4% of listings have taken a price cut, suggesting sellers are adjusting to buyer demand. Homes are moving at a moderate pace, taking 46 days on average to sell. For someone considering a sale now, the slight year-over-year value decline combined with the frequency of price adjustments suggests pricing competitively from the start is more important than waiting.

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