The story of this market
The typical home in ZIP 97206 sells for about $430,000, or $325 per square foot.
Prices are down 2.4% from a year ago, which gives buyers more room to negotiate. Homes take about 26 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 97206 — Portland
The 97206 housing market is showing signs of stabilization with a median price of $430,000 and a moderate inventory level. While year-over-year prices have seen a slight decline, the market remains active for well-priced homes, driven by demand for urban living in Portland. Buyers are finding more leverage than in previous years, though supply remains constrained.
This ZIP is ideal for young professionals and first-time homebuyers who value urban walkability and proximity to Portland's creative hubs. It is less suited for those seeking large-lot suburban privacy or top-tier school districts.
Median prices moved down 2.4% year over year.
Homes spend a median of 26 days on market with 3.8 months of supply — a fast-moving market.
22% 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 4.2% · 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 6.8%/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 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 97206, 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 97206 area are generally higher than the national average, with property crime being the most frequently reported issue. Local trends show fluctuations consistent with broader urban patterns in Portland.
Schools serving the area are part of Portland Public Schools, with ratings varying significantly by individual campus. Many families seek out specific magnet or charter options within the district to supplement neighborhood school offerings.
The area faces moderate risks related to urban heat island effects and potential seismic activity common to the Pacific Northwest. Flood risk is generally low, though localized drainage issues can occur during heavy winter rains.
Economic momentum is driven by Portland's diverse mix of healthcare, technology, and creative industries. Development is characterized by infill projects and the revitalization of older commercial corridors.
Property taxes are assessed by Multnomah County based on the real market value, subject to Oregon's constitutional limits on assessed value growth. There are no local sales taxes, but residents are subject to state income tax and specific city-level levies.
Commuters benefit from proximity to major arterials like SE Division and Powell Blvd, with transit access provided by TriMet bus lines and the MAX light rail system. Average commute times are slightly higher than the regional average due to urban traffic density.
The area features significant green space including Mt. Scott Park and the Foster-Powell neighborhood amenities. Residents have access to local community centers, public pools, and a variety of independent shops and dining along the SE Foster corridor.
The rental market is characterized by high demand for multi-family units and older single-family home conversions. Vacancy rates remain tight, and rent growth has stabilized following a period of rapid appreciation.
The local economy is anchored by Portland's broader employment base, including major healthcare systems like OHSU and Providence, alongside a robust retail and service sector.
The area is served by an extensive network of bus routes and is within reach of the MAX light rail, facilitating access to downtown Portland.
Development is focused on transit-oriented density and the modernization of existing commercial zones along major SE Portland arterials.
Parcels are subject to Portland Public Schools and various regional service districts including Metro and Multnomah County library/emergency services.
Property insurance premiums are rising due to regional wildfire risk and general inflationary pressures on construction costs.
Data retrieved from Census Reporter and United States Zip Codes.
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 Portland4.83.6 mi
- Oaks Amusement Park4.43.4 mi
- Langer's Entertainment Center4.414.4 mi
- Bullwinkle's4.414.8 mi
- Sky Zone Trampoline Park3.89.4 mi
- Moda Center4.54.7 mi
- Providence Park4.65.3 mi
- Oregon Convention Center4.54.4 mi
- Revolution Hall4.63.6 mi
- Portland Art Museum4.64.8 mi
- Powell's City of Books4.94.9 mi
- Oregon Zoo4.56 mi
- Portland Japanese Garden4.66 mi
- The Grotto4.74.8 mi
- Providence Park4.65.3 mi
- Portland Japanese Garden4.66 mi
- OMSI4.53.8 mi
- The Grotto4.74.8 mi
- Vista House at Crown Point4.817.4 mi
- Hopscotch Portland4.83.6 mi
- Portland Japanese Garden4.66 mi
- The Grotto4.74.8 mi
- International Rose Test Garden4.85.8 mi
- Laurelhurst Park4.72.9 mi
- Mt. Tabor Park4.81.8 mi
- Riverplace Marina4.64.1 mi
- RedTail Golf Center49.1 mi
- Heron Lakes Golf Course4.19.8 mi
- Glendoveer Golf & Tennis4.44.7 mi
- Eastmoreland Golf Course4.32.3 mi
- Rose City Golf Course4.13.6 mi
- Washington Square4.49.4 mi
- Clackamas Town Center4.33.6 mi
- Vancouver Mall4.211.9 mi
- Uwajimaya Beaverton4.79.2 mi
- Bridgeport Village4.49.9 mi
- Portland International Airport4.56.9 mi
- Providence Saint Vincent Hospital Heliport4.68.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large community park with pool and sports facilities.
Primary commercial corridor with diverse local businesses.
Small urban lake area providing local recreation.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).