The story of this market
The typical home in ZIP 97209 sells for about $587,300, or $450 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,690 a month.
ZIP 97209 — Portland
The 97209 housing market remains stable, characterized by high demand for urban living despite broader economic headwinds. While price growth has moderated, the area's high walkability and ongoing development projects like the Broadway Corridor continue to attract professional residents and investors.
Fits young professionals, urban-dwelling downsizers, and commuters who prioritize walkability and proximity to downtown Portland's cultural and employment amenities over suburban space.
Median prices moved down 2.1% year over year.
Homes spend a median of 48 days on market with 5.2 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 97.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.6% · poverty 17.5% — a mixed stability 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 3.9%/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 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 97209, 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.
The Pearl District (97209) experiences higher rates of property crime compared to the national average, consistent with its dense urban core location in downtown Portland.
Schools serving the area are part of Portland Public Schools, generally characterized by high diversity and varying performance metrics typical of an urban district.
The area is primarily at risk for seismic activity and urban flooding; insurance premiums are influenced by regional wildfire smoke exposure and standard urban hazard profiles.
The area is a hub for urban infill, mixed-use residential development, and creative industry offices, benefiting from proximity to Portland's central business district.
Property taxes are assessed by Multnomah County based on real market value; Oregon does not have a sales tax, but income taxes are progressive and state-level.
Highly walkable and transit-oriented with extensive access to the Portland Streetcar, MAX Light Rail, and major bus lines connecting to the downtown employment core.
Features high access to the Willamette River waterfront, Tanner Springs Park, The Fields Park, and proximity to the Pearl District's dense concentration of galleries, boutiques, and dining.
The rental market is deep with a high concentration of luxury apartments and lofts; vacancy pressure is moderate due to significant new supply deliveries in recent years.
The economy is driven by creative services, technology, healthcare, and retail, with a strong concentration of corporate offices in the adjacent downtown core.
Excellent transit connectivity via TriMet's MAX Light Rail and Portland Streetcar, serving as a primary transit hub for the city.
Ongoing focus on high-density residential and commercial infill projects within the Pearl District and the neighboring Broadway Corridor.
Parcels are subject to Portland Public Schools, Metro regional government, and various local utility and fire service districts.
Market health is stable, though premiums are sensitive to regional wildfire risk and urban property crime rates.
Data retrieved from Census Bureau ZCTA profiles and ACS 5-year estimates.
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 Portland4.81.8 mi
- Oaks Amusement Park4.44 mi
- Langer's Entertainment Center4.413.4 mi
- Bullwinkle's4.415.5 mi
- Sky Zone Trampoline Park3.86.3 mi
- Moda Center4.51.1 mi
- Providence Park4.60.4 mi
- Oregon Convention Center4.51.3 mi
- Revolution Hall4.61.8 mi
- Portland Art Museum4.60.8 mi
- Powell's City of Books4.90.4 mi
- Oregon Zoo4.51.7 mi
- Portland Japanese Garden4.61.1 mi
- The Grotto4.75.8 mi
- Providence Park4.60.4 mi
- Portland Japanese Garden4.61.1 mi
- OMSI4.51.7 mi
- The Grotto4.75.8 mi
- Hopscotch Portland4.81.8 mi
- Portland Art Museum4.60.8 mi
- Portland Japanese Garden4.61.1 mi
- The Grotto4.75.8 mi
- International Rose Test Garden4.81 mi
- Laurelhurst Park4.73 mi
- Mt. Tabor Park4.84.6 mi
- Portland Yacht Club4.75.4 mi
- Riverplace Marina4.61.4 mi
- Fred's Marina4.48.5 mi
- Tomahawk Bay Marina4.35.6 mi
- Rocky Pointe Marina4.114.7 mi
- Topgolf Hillsboro4.511.6 mi
- RedTail Golf Center46.3 mi
- Heron Lakes Golf Course4.15.4 mi
- Glendoveer Golf & Tennis4.48.2 mi
- Eastmoreland Golf Course4.34.3 mi
- Washington Square4.46.9 mi
- Clackamas Town Center4.38.4 mi
- Vancouver Mall4.210.3 mi
- Uwajimaya Beaverton4.75.5 mi
- Bridgeport Village4.49.6 mi
- Portland International Airport4.56.2 mi
- Providence Saint Vincent Hospital Heliport4.64.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A unique urban park featuring native plants and a wetland-inspired design.
A large green space in the Pearl District popular for community events and recreation.
The world's largest independent bookstore and a major cultural anchor for the city.
Provides extensive walking and biking trails along the river.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.