Market Intelligence · OR / Portland

Portland, OR 97216 Housing Market

The typical home in Portland's 97216 ZIP code is worth $419,027 as of September 2026, up 0.7% over the past year. The median list price is $403,213, and homes spend a median of 52 days on market.

Updated September 2026Median value$419K

The median home value in Portland, OR 97216 is $419K as of September 2026, up 0.7% 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 97216 range

$386K to $453K

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

+0.7% over 12 months

Sep 2025$416K

Low $415KHigh $419K

Sep 2026$419K

The numbers

What is the 97216 housing market like?

As of September 2026

Typical home value

$419K

0.7%YoY

Median list price

$403K

1.6%MoM

Days on market

17.5%MoM

Homes for sale

7.3%MoM

Price cuts

25.7%

21.0%MoM

New listings

37.5%MoM

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

The outlook

97216 housing market forecast 2027

-0.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97216 to stay roughly flat by September 2027 (down 0.3%).

Over the 12 months through September 2026, typical home values in 97216 rose 0.7%, per the Zillow Home Value Index.

Will home prices drop in 97216?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97216 to stay roughly flat by September 2027 (down 0.3%), after a 0.7% 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 97216 home prices compare?

97216$419,027
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 38 homes for sale in 97216, with 22 new listings coming to market. The median list price is $403,213, while the typical home value sits at $419,027, up 0.7% over the past year. Homes are taking a median of 52 days to sell, and 25.7% of listings have had a price cut. Value growth is nearly flat even as many sellers trim their asking prices. Sellers should expect buyers to negotiate and should price carefully from the start.

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Down payment20% · $83,805

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Common questions

What people ask us.

How much is a home in 97216 worth?

The typical home value in 97216 is $419,027 as of September 2026, up 0.7% over the past year.

How long does it take to sell a home in 97216?

Homes in 97216 spend a median of 52 days on market as of September 2026.

Are sellers in 97216 cutting prices?

Yes, 25.7% of listings in 97216 had a price cut as of September 2026. The median list price is $403,213.

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