Portland, OR 97211 Real Estate Market Report

ZIP Code: 97211
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Portland, OR, are averaging 6.3%, which reflects the prevailing market stability for property owners in this area compared to earlier 2026 fluctuations.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market indicator, median sold price 585,500, indicates realized market value and recent transaction activity in 97211 rather than asking-price sentiment.

2. There is a visible pricing spread between the median listing price 650,000 and the median sold price 585,500, which may indicate pricing friction and elevated seller expectations relative to recent transactions.

3. Liquidity appears muted based on the median days on market 218, which suggests slower sales velocity even though the market temperature is described as neutral; concurrently, elevated interest rate pressure is a caution for buyers and sellers (elevated).

4. Rental context shows a median market rent of 2,095 while broader rent year-over-year trend is down, though localized demand dynamics within 97211 may still support rent growth—monitor rent trend divergence when assessing investment holds.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Portland, OR 97211 Real Estate Market Report

ZIP Code: 97211
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Portland, OR, are averaging 6.3%, which reflects the prevailing market stability for property owners in this area compared to earlier 2026 fluctuations.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market indicator, 328,000 as the median sold price, signals recent transaction-level value in 97211 and, with the price year-over-year trend noted as up, suggests moderate appreciation that sellers can reference when pricing listings.

2. The median days on market of 406 points to slower sales velocity, which may indicate pricing friction or longer negotiation timelines despite the upward price trend; sellers should be prepared for extended marketing periods and buyers can expect more time to evaluate opportunities.

3. The median price per square foot of 410 alongside a median market rent of 1,900 frames relative value for investor and owner-occupier comparisons, while the rent year-over-year trend being down suggests softer rental growth pressure that could affect investment yield assumptions in the near term.

4. Elevated interest rate pressure and a reported average 30-year fixed mortgage rate of 6.3% in Portland represent a cost-of-capital headwind that may temper buyer affordability and could extend time-to-close; factor this into pricing strategies and contingency planning.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.