Home ValuePros

Market Intelligence · OR / Portland

Portland, OR 97222 Housing Market

The typical home value in 97222 is $498,067, up 0.5% over the past year. The median list price stands at $484,747, with homes spending a median of 47 days on the market.

Updated August 2026Median value$498K

The median home value in Portland, OR 97222 is $498K as of August 2026, up 0.5% 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

$458K to $538K

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

+0.5% over 12 months

Typical home value in 97222 over the last 12 months: $496K in Jul 2025 to $498K in Jul 2026 (+0.5%).

Jul 2025$496K

Jul 2026$498K

The numbers

What is the 97222 housing market like?

Typical home value

$498K

Up0.5%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 (July 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 97222 home prices compare?

  • 97222$498,067
  • 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

Portland's 97222 ZIP code has 57 homes for sale as of early July 2026, with 32 new listings entering the market. The median days on market of 47 suggests moderate buyer interest, though a quarter of listings have already seen price cuts. Inventory remains modest relative to demand, but the slow price appreciation of 0.5% indicates that seller expectations may need adjustment in this particular pocket of the market.

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