Market Intelligence · OR / Portland

Portland, OR 97227 Housing Market

In Portland's 97227 ZIP code, the typical home value is $568,463, down 3.7% over the past year. The median list price sits at $500,000, and homes are taking a median of 61 days on the market.

Updated June 2026Median value$568K

The median home value in Portland, OR 97227 is $568K as of June 2026, down 3.7% 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 97227 range

$523K to $614K

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

-3.7% over 12 months

Typical home value in 97227 over the last 12 months: $590K in Jun 2025 to $568K in Jun 2026 (-3.7%).

Jun 2025$590K

Jun 2026$568K

The numbers

What is the 97227 housing market like?

Typical home value

$568K

Down3.7%YoY

Median list price

$500K

Days on market

61

Up110.3%MoM

Homes for sale

15

Price cuts

31.7%

New listings

2

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

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The comparison

How do 97227 home prices compare?

  • 97227$568,463
  • 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 15 homes for sale in 97227, with 2 new listings added. The median list price was $500,000, and the typical home value stood at $568,463, down 3.7% over the past year. Homes are sitting for a median of 61 days on the market, and 31.7% of listings have had a price cut. For a seller, this points to a slower market where realistic pricing and patience matter more than they did a year ago.

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