Home ValuePros

Market Intelligence · OR / Portland

Portland, OR 97220 Housing Market

Typical home value in Portland 97220 is $429,080, down 0.3% over the past year. The median list price stands at $449,724, with homes spending a median 45 days on market.

Updated August 2026Median value$429K

The median home value in Portland, OR 97220 is $429K as of August 2026, down 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.

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Typical 97220 range

$395K to $463K

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

-0.3% over 12 months

Typical home value in 97220 over the last 12 months: $430K in Jul 2025 to $429K in Jul 2026 (-0.3%).

Jul 2025$430K

Jul 2026$429K

The numbers

What is the 97220 housing market like?

Typical home value

$429K

Down0.3%YoY

Median list price

$445K

Down1.1%MoM

Days on market

45

Flat0.0%MoM

Homes for sale

69

Up15.0%MoM

Price cuts

30.8%

Up2.7%MoM

New listings

36

Up20.0%MoM

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

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The comparison

How do 97220 home prices compare?

  • 97220$429,080
  • Portland$559,538
  • Oregon$464,217
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Portland: 32 ZIPs; Oregon: 339 ZIPs; United States: 26,266 ZIPs).

Context

There are 60 homes for sale in 97220 as of early July 2026, with 30 new listings entering the market. The median time homes spend listed is 45 days, which suggests a moderate pace of sales activity. About 30.0% of listings have seen price reductions, indicating some seller adjustment to current conditions. The typical home value declined slightly year-over-year, reflecting a market that has cooled from the highs of prior years. If you own a home here, expect to price competitively and be prepared for a market where negotiation is part of the process.

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20% · $85,816

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