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Market Intelligence · OR / Portland

Portland, OR 97222 Housing Market

The typical home in Portland, OR 97222 is worth $485,295, up 0.9% over the past year as of September 2026. The median list price is $499,225, and homes spend a median of 70 days on market.

Updated September 2026Median value$485K

The median home value in Portland, OR 97222 is $485K as of September 2026, up 0.9% 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 97222 range

$446K to $524K

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

+0.9% over 12 months

Typical home value in 97222 over the last 12 months: $481K in Sep 2025 to $485K in Sep 2026 (+0.9%).

Sep 2025$481K

Sep 2026$485K

The numbers

What is the 97222 housing market like?

Typical home value

$485K

Up0.9%YoY

Median list price

$499K

Down2.1%MoM

Days on market

70

Up18.6%MoM

Homes for sale

60

Down1.6%MoM

Price cuts

40.8%

Up30.1%MoM

New listings

36

Up80.0%MoM

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

The outlook

97222 housing market forecast 2027

-0.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97222 to stay roughly flat by September 2027 (down 0.3%).

Over the 12 months through September 2026, typical home values in 97222 rose 0.9%, per the Zillow Home Value Index.

Will home prices drop in 97222?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97222 to stay roughly flat by September 2027 (down 0.3%), after a 0.9% 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 97222 home prices compare?

  • 97222$485,295
  • 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

There were 60 homes for sale in 97222 as of September 2026, with 36 new listings added. The median list price of $499,225 sits above the typical home value of $485,295, and the typical value is up 0.9% over the past year. Homes are taking a median of 70 days to sell, and 40.8% of listings have taken a price cut. That points to a market where sellers are asking more than buyers are paying, and patience is required. For a seller, pricing realistically from day one matters more than chasing the highest number.

Monthly payment

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20% · $97,059

Common questions

What people ask us.

How much is a home in 97222 worth?

The typical home value in Portland, OR 97222 is $485,295, up 0.9% over the past year as of September 2026. The median list price is $499,225.

How long does it take to sell a home in 97222?

Homes in 97222 spend a median of 70 days on market as of September 2026. There were 60 homes for sale, with 36 new listings.

Are sellers cutting prices in 97222?

Yes. As of September 2026, 40.8% of listings in 97222 had a price cut.

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