The story of this market
The typical home in ZIP 97202 sells for about $639,827, or $375 per square foot.
Prices are roughly flat from a year ago (+0.7%), a market in balance. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,705 a month.
ZIP 97202 — Portland
The 97202 housing market remains stable with modest price appreciation and low inventory levels. Demand continues to be driven by the area's high walkability and proximity to Portland's urban core, keeping the market competitive despite broader economic headwinds.
This ZIP is ideal for families, young professionals, and outdoor enthusiasts who value a blend of historic charm, walkability, and proximity to downtown Portland. It attracts those seeking a strong sense of community and access to riverfront amenities.
Median prices moved up 0.7% year over year.
Homes spend a median of 32 days on market with 2.4 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.8% · poverty 10.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 97202, Multnomah County OR
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the 97202 area are generally consistent with broader Portland urban trends, with property crime being the primary concern. Residents typically experience moderate safety levels compared to the city center, though localized fluctuations occur.
The area is served by Portland Public Schools, which generally maintain a mix of ratings; many neighborhood schools are well-regarded for community engagement and academic performance.
The area faces standard Pacific Northwest risks, including potential for seismic activity and localized flooding near the Willamette River. Insurance markets remain stable but are sensitive to regional wildfire and climate-related risk adjustments.
Economic momentum is driven by Portland's diverse employment base, including healthcare, technology, and education sectors. Development is characterized by infill projects and the revitalization of historic commercial corridors.
Property taxes are assessed by Multnomah County based on real market value, subject to state-mandated constitutional limits on assessed value growth. Special districts for schools, fire, and transit are included in the consolidated tax rate.
Residents benefit from excellent connectivity to downtown Portland via the MAX light rail, bus lines, and major arterial roads like SE Powell Blvd. The area is highly bikeable and pedestrian-friendly.
The ZIP features extensive green space, including Sellwood Park and the Oaks Bottom Wildlife Refuge, offering trails and river access. Shopping and dining are concentrated in the vibrant Sellwood-Moreland and Clinton Street districts.
The rental market is robust with high demand for multi-family units and historic homes, supported by a steady influx of young professionals. Vacancy rates remain low, and rent growth has stabilized following recent inflationary periods.
The local economy is anchored by Portland's broader employment market, with significant presence in healthcare, higher education, and professional services. The area benefits from a strong local retail and hospitality sector.
The area is well-served by TriMet bus routes and the MAX Orange Line, providing efficient transit to the Portland central business district. Major highway access is provided by nearby I-5 and I-84.
Development is focused on transit-oriented density and the preservation of historic neighborhood character. Current planning emphasizes pedestrian infrastructure and mixed-use commercial development.
Parcels are subject to Multnomah County property taxes, Portland Public Schools levies, and various regional service districts including Metro and TriMet.
Property insurance remains available, though premiums are influenced by regional wildfire risk and the age of housing stock in the area.
Data retrieved from US Census Bureau and Oregon Demographics portal.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Hopscotch Portland4.82.5 mi
- Oaks Amusement Park4.41.1 mi
- Langer's Entertainment Center4.412.4 mi
- Bullwinkle's4.413.3 mi
- Sky Zone Trampoline Park3.87.1 mi
- Moda Center4.53.7 mi
- Providence Park4.63.7 mi
- Oregon Convention Center4.53.4 mi
- Revolution Hall4.62.7 mi
- Portland Art Museum4.63.1 mi
- Powell's City of Books4.93.5 mi
- Oregon Zoo4.54 mi
- Portland Japanese Garden4.64.1 mi
- The Grotto4.76 mi
- Providence Park4.63.7 mi
- Portland Japanese Garden4.64.1 mi
- OMSI4.52.2 mi
- The Grotto4.76 mi
- Hopscotch Portland4.82.5 mi
- Vista House at Crown Point4.819.7 mi
- Portland Japanese Garden4.64.1 mi
- The Grotto4.76 mi
- International Rose Test Garden4.84 mi
- Laurelhurst Park4.72.9 mi
- Mt. Tabor Park4.83.1 mi
- Portland Yacht Club4.78.3 mi
- Riverplace Marina4.62.5 mi
- Fred's Marina4.412.3 mi
- Tomahawk Bay Marina4.38.6 mi
- Rocky Pointe Marina4.118.6 mi
- RedTail Golf Center46.7 mi
- Heron Lakes Golf Course4.19.1 mi
- Glendoveer Golf & Tennis4.46.8 mi
- Eastmoreland Golf Course4.30.4 mi
- Rose City Golf Course4.14.7 mi
- Washington Square4.47 mi
- Clackamas Town Center4.34.6 mi
- Vancouver Mall4.212.5 mi
- Uwajimaya Beaverton4.76.9 mi
- Bridgeport Village4.47.9 mi
- Portland International Airport4.57.6 mi
- Providence Saint Vincent Hospital Heliport4.66.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large urban wetland and park offering extensive hiking trails and bird watching.
A popular community park with sports fields, picnic areas, and river views.
A historic amusement park located along the Willamette River.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.