How much is a home in 97206 worth?

The typical home value in 97206 is $469,315, down 0.1% over the past year. The median list price is $429,900.

How fast are homes selling in 97206?

Homes are spending a median of 59 days on the market. There were 127 homes for sale and 60 new listings.

Are sellers cutting prices in 97206?

Yes, 28.6% of listings had a price cut.

Market Intelligence · OR / Portland

Portland, OR 97206 Housing Market

The typical home in Portland, OR 97206 is worth $469,315, down 0.1% over the past year. The median list price sits at $429,900, and homes are taking a median of 59 days to go under contract.

Updated August 2026Median value$463K

The median home value in Portland, OR 97206 is $463K as of August 2026, up 0.3% 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.

Sell without the wait

Sell your Portland home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 97206 range

$426K to $500K

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.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 97206 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Portland, OR.

12-month value trend

+0.3% over 12 months

Aug 2025$461K

Low $461KHigh $467K

Aug 2026$463K

The numbers

What is the 97206 housing market like?

As of August 2026

Typical home value

$463K

0.3%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 (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

Free home value report

See what your 97206 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 97206 home prices compare?

97206$462,746
Portland$550,740
Oregon$458,140
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Portland: 32 ZIPs; Oregon: 339 ZIPs; United States: 26,265 ZIPs).

Context

There were 127 homes for sale in 97206, with 60 new listings entering the market. The median list price was $429,900, while the typical home value came in at $469,315, down 0.1% over the past year. Homes spent a median of 59 days on the market, and 28.6% of listings had taken a price cut. That mix points to a market where buyers have room to negotiate and overpriced homes get passed over. Sellers should expect to price carefully from the start rather than testing a higher number.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $92,549

Term

Rate (%)

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading