Market Intelligence · OR / Portland

Portland, OR 97230 Housing Market

Homes in Portland's 97230 ZIP code have a typical value of $458,613, unchanged from last year. The median list price sits at $447,000, with homes typically spending 53 days on the market.

Updated August 2026Median value$459K

The median home value in Portland, OR 97230 is $459K as of August 2026, little changed 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 97230 range

$422K to $495K

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

-0.0% over 12 months

Typical home value in 97230 over the last 12 months: $459K in Jul 2025 to $459K in Jul 2026 (-0.0%).

Jul 2025$459K

Jul 2026$459K

The numbers

What is the 97230 housing market like?

Typical home value

$459K

Flat0.0%YoY

Median list price

$420K

Down6.1%MoM

Days on market

58

Up9.4%MoM

Homes for sale

120

Up6.2%MoM

Price cuts

34.0%

Down26.5%MoM

New listings

40

Up53.8%MoM

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

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The comparison

How do 97230 home prices compare?

  • 97230$458,613
  • 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

The 97230 market shows mixed signals. There are currently 113 homes for sale with 26 new listings as of early July 2026. However, 46.3% of listings have received price cuts, suggesting sellers are adjusting to market realities. The stability in home values masks underlying softness in buyer demand. For sellers, this means pricing competitively from day one matters more than waiting for appreciation.

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