Market Intelligence · OR / Portland

Portland, OR 97221 Housing Market

The typical home in Portland's 97221 is valued at $775,203, down 0.3% over the past year. The median list price sits at $931,238, and homes are taking a median of 49 days on market.

Updated June 2026Median value$775K

The median home value in Portland, OR 97221 is $775K as of June 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 97221 range

$713K to $837K

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 97221 over the last 12 months: $778K in Jun 2025 to $775K in Jun 2026 (-0.3%).

Jun 2025$778K

Jun 2026$775K

The numbers

What is the 97221 housing market like?

Typical home value

$775K

Down0.3%YoY

Median list price

$931K

Days on market

49

Up104.2%MoM

Homes for sale

59

Price cuts

22.2%

New listings

30

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

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The comparison

How do 97221 home prices compare?

  • 97221$775,203
  • 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 59 homes for sale in 97221, with 30 new listings added. The median list price was $931,238, while the typical home value came in at $775,203, down 0.3% over the past year. Homes took a median of 49 days to sell, and 22.2% of listings had a price cut. For sellers, this is a market that asks for patience and realistic pricing rather than a quick sale.

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