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Market Intelligence · OR / Portland

Portland, OR 97215 Housing Market

The typical home value in Portland, OR 97215 is $645,726, up 3.2% over the past year as of September 2026. The median list price is $666,500, and homes spend a median of 40 days on the market.

Updated September 2026Median value$646K

The median home value in Portland, OR 97215 is $646K as of September 2026, up 3.2% 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 97215 range

$594K to $697K

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

+3.2% over 12 months

Typical home value in 97215 over the last 12 months: $626K in Sep 2025 to $646K in Sep 2026 (+3.2%).

Sep 2025$626K

Sep 2026$646K

The numbers

What is the 97215 housing market like?

Typical home value

$646K

Up3.2%YoY

Median list price

$667K

Up6.6%MoM

Days on market

40

Down4.8%MoM

Homes for sale

37

Up12.1%MoM

Price cuts

25.6%

Up10.6%MoM

New listings

30

Up25.0%MoM

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

The outlook

97215 housing market forecast 2027

-0.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97215 to stay roughly flat by September 2027 (down 0.1%).

Over the 12 months through September 2026, typical home values in 97215 rose 3.2%, per the Zillow Home Value Index.

Will home prices drop in 97215?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97215 to stay roughly flat by September 2027 (down 0.1%), after a 3.2% 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 97215 home prices compare?

  • 97215$645,726
  • 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

As of September 2026, there are 37 homes for sale in 97215, with 30 new listings coming on the market. The median list price sits at $666,500, while the typical home value is $645,726, up 3.2% over the past year. Homes are taking a median of 40 days to sell, and 25.6% of listings have taken a price cut. For sellers, values are still rising, but a meaningful share of listings are cutting prices, so realistic pricing from day one matters.

Monthly payment

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20% · $129,145

Common questions

What people ask us.

How much is a home in 97215 worth?

The typical home value in 97215 is $645,726, up 3.2% over the past year as of September 2026.

How long does it take to sell a home in 97215?

Homes in 97215 spend a median of 40 days on the market as of September 2026. The median list price is $666,500.

Are sellers cutting prices in 97215?

Yes, 25.6% of listings in 97215 had a price cut as of September 2026. There are 37 homes for sale, with 30 new listings.

Discover

Nearby ZIP markets.

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