Market Intelligence · OR / Portland

Portland, OR 97222 Housing Market

The typical home value in Portland, OR 97222 is $498,067, up 0.5% over the past year. The median list price is $510,000, and homes are spending a median of 59 days on market. That points to a market that is stable but not moving fast.

Updated August 2026Median value$493K

The median home value in Portland, OR 97222 is $493K as of August 2026, up 0.8% 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 97222 range

$454K to $533K

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

+0.8% over 12 months

Typical home value in 97222 over the last 12 months: $489K in Aug 2025 to $493K in Aug 2026 (+0.8%).

Aug 2025$489K

Aug 2026$493K

The numbers

What is the 97222 housing market like?

Typical home value

$493K

Up0.8%YoY

Median list price

$510K

Up5.2%MoM

Days on market

59

Up25.5%MoM

Homes for sale

61

Up7.0%MoM

Price cuts

31.4%

Up22.9%MoM

New listings

20

Down37.5%MoM

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

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The comparison

How do 97222 home prices compare?

  • 97222$493,285
  • Portland$550,740
  • Oregon$458,140
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Portland: 32 ZIPs; Oregon: 339 ZIPs; United States: 26,265 ZIPs).

Context

There are 61 homes for sale in 97222, with 20 new listings coming on. The median list price sits at $510,000, while the typical home value is $498,067, up 0.5% over the past year. With a median of 59 days on market, buyers have time to compare options. Sellers should also note that 31.4% of listings have taken a price cut. If you are thinking about selling, realistic pricing from the start matters more than testing the market high.

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20% · $98,657

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