Market Intelligence · OR / Portland

Portland, OR 97236 Housing Market

The typical home value in Portland's 97236 ZIP code is $426,489 as of September 2026, down 0.4% over the past year. The median list price is $465,000, and homes spend a median of 59 days on market.

Updated September 2026Median value$426K

The median home value in Portland, OR 97236 is $426K as of September 2026, down 0.4% 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 97236 range

$392K to $461K

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

-0.4% over 12 months

Sep 2025$428K

Low $426KHigh $431K

Sep 2026$426K

The numbers

What is the 97236 housing market like?

As of September 2026

Typical home value

$426K

0.4%YoY

Median list price

$465K

3.1%MoM

Days on market

16.9%MoM

Homes for sale

11.4%MoM

Price cuts

25.0%

13.0%MoM

New listings

50.0%MoM

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

The outlook

97236 housing market forecast 2027

-0.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97236 to stay roughly flat by September 2027 (down 0.2%).

Over the 12 months through September 2026, typical home values in 97236 fell 0.4%, per the Zillow Home Value Index.

Will home prices drop in 97236?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97236 to stay roughly flat by September 2027 (down 0.2%), after a 0.4% decline 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 97236 home prices compare?

97236$426,489
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

As of September 2026, there are 98 homes for sale in the 97236 ZIP code, with 36 new listings added recently. The median days on market of 59 suggests a gradual sales pace. A notable sign of buyer caution: one-quarter of all listings have seen a price cut. The slight year-over-year decline in typical home value, combined with these market signals, indicates that sellers should be realistic about pricing and prepared for a measured negotiation process.

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Down payment20% · $85,298

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Common questions

What people ask us.

How much is a home in 97236 worth?

The typical home value in 97236 is $426,489 as of September 2026, down 0.4% over the past year.

How long does it take to sell a home in 97236?

Homes in 97236 spend a median of 59 days on market as of September 2026.

Are sellers cutting prices in 97236?

Yes. As of September 2026, 25.0% of listings in 97236 have taken a price cut.

Discover

Nearby ZIP markets.

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