Market Intelligence · OR / Portland

Portland, OR 97209 Housing Market

The typical home value in Portland's 97209 ZIP code is $346,249, down 9.9% over the past year. The median list price sits at $399,225, and homes are taking a median of 84 days on market as of June 2026.

Updated June 2026Median value$346K

The median home value in Portland, OR 97209 is $346K as of June 2026, down 9.9% 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 97209 range

$319K to $374K

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

-9.9% over 12 months

Typical home value in 97209 over the last 12 months: $384K in Jun 2025 to $346K in Jun 2026 (-9.9%).

Jun 2025$384K

Jun 2026$346K

The numbers

What is the 97209 housing market like?

Typical home value

$346K

Down9.9%YoY

Median list price

$399K

Days on market

84

Down35.9%MoM

Homes for sale

197

Price cuts

23.3%

New listings

36

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

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The comparison

How do 97209 home prices compare?

  • 97209$346,249
  • 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 were 197 homes for sale in 97209, with 36 new listings added. The median list price was $399,225, while the typical home value came in lower at $346,249, down 9.9% over the past year. With a median of 84 days on market and 23.3% of listings carrying a price cut, buyers have room to negotiate. Sellers here should expect a slower pace and price their homes carefully to draw serious interest.

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