Market Intelligence · OR / Portland

Portland, OR 97266 Housing Market

The typical home value in Portland, OR 97266 is $393,446, down 0.3% over the past year as of September 2026. The median list price is $399,974, and homes are spending a median of 68 days on market.

Updated September 2026Median value$393K

The median home value in Portland, OR 97266 is $393K as of September 2026, down 0.3% 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 97266 range

$362K to $425K

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

-0.3% over 12 months

Sep 2025$395K

Low $393KHigh $397K

Sep 2026$393K

The numbers

What is the 97266 housing market like?

As of September 2026

Typical home value

$393K

0.3%YoY

Median list price

$400K

2.4%MoM

Days on market

17.2%MoM

Homes for sale

122

8.0%MoM

Price cuts

30.2%

1.5%MoM

New listings

18.8%MoM

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

The outlook

97266 housing market forecast 2027

-0.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97266 to stay roughly flat by September 2027 (down 0.3%).

Over the 12 months through September 2026, typical home values in 97266 fell 0.3%, per the Zillow Home Value Index.

Will home prices drop in 97266?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97266 to stay roughly flat by September 2027 (down 0.3%), after a 0.3% 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 97266 home prices compare?

97266$393,446
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

Portland, OR 97266 had 122 homes for sale as of September 2026, with 38 new listings added. Sellers are adjusting: 30.2% of listings have taken a price cut. The typical home value is $393,446, down 0.3% over the past year, and the median list price sits at $399,974. Homes are taking a median of 68 days to sell, so this is a slower market than sellers may expect. If you are thinking about selling, realistic pricing matters more than it did a year ago.

Monthly payment

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Home price

Down payment20% · $78,689

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Common questions

What people ask us.

How much is a home in 97266 worth?

The typical home value in 97266 is $393,446 as of September 2026, down 0.3% over the past year.

How long does it take to sell a home in 97266?

The median days on market in 97266 is 68 as of September 2026. That suggests buyers are taking their time.

Are sellers cutting prices in 97266?

Yes. 30.2% of listings in 97266 had a price cut as of September 2026, and there were 122 homes for sale.

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