Market Intelligence · OR / Portland

Portland, OR 97206 Housing Market

The typical home value in Portland's 97206 ZIP code is $474,778, down 0.4% over the past year. The median list price sits at $439,225, and homes are spending a median of 45 days on the market as of June 2026.

Updated June 2026Median value$475K

The median home value in Portland, OR 97206 is $475K as of June 2026, down 0.4% 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

$437K to $513K

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

-0.4% over 12 months

Typical home value in 97206 over the last 12 months: $477K in Jun 2025 to $475K in Jun 2026 (-0.4%).

Jun 2025$477K

Jun 2026$475K

The numbers

What is the 97206 housing market like?

Typical home value

$475K

Down0.4%YoY

Median list price

$439K

Days on market

45

Up350.0%MoM

Homes for sale

140

Price cuts

28.6%

New listings

76

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

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The comparison

How do 97206 home prices compare?

  • 97206$474,778
  • 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 140 homes for sale in 97206, with 76 new listings added recently. The median list price is $439,225, while the typical home value is $474,778, down 0.4% over the past year. Homes take a median of 45 days to sell, and 28.6% of listings have had a price cut. For sellers, this points to a market that has slowed, where realistic pricing matters more than it did a year ago.

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