The story of this market
The typical home in ZIP 97211 sells for about $550,000, or $335 per square foot.
Prices are down 2.8% from a year ago, which gives buyers more room to negotiate. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,863 a month.
ZIP 97211 — Portland
The 97211 housing market shows signs of stabilization with solid buyer demand despite a slight year-over-year price adjustment. Inventory levels remain constrained, supporting a competitive environment for well-priced homes, while high rental demand continues to drive interest in the area.
This ZIP is ideal for families and professionals seeking a blend of historic charm and urban convenience, offering a walkable lifestyle with strong access to Portland's core employment hubs.
Median prices moved down 2.8% year over year.
Homes spend a median of 32 days on market with 3.5 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 7.2% · poverty 9.5% — 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 4.4%/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 3.9%/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 97211, 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 trends in the area are consistent with broader urban Portland patterns, with property crime remaining the primary concern for residents compared to regional averages.
The area is served by Portland Public Schools, featuring a mix of historic neighborhood elementary schools and diverse educational options that generally align with city-wide performance metrics.
The area faces standard Pacific Northwest climate risks, including potential for windstorms and localized flooding in low-lying areas, with insurance markets reflecting regional wildfire and seismic risk profiles.
Economic momentum is driven by proximity to Portland's central business district and ongoing infill development, with a focus on transit-oriented residential projects and local commercial revitalization.
Property taxes are assessed by Multnomah County based on real market value and assessed value under Oregon's Measure 5 and Measure 50 limitations, which cap annual growth in assessed value.
Residents benefit from strong connectivity to downtown Portland via major arterials like NE Martin Luther King Jr. Blvd and public transit corridors, resulting in moderate commute times.
The ZIP features abundant access to neighborhood parks, community gardens, and proximity to the Columbia Slough, with vibrant local shopping and dining districts along NE Alberta and Killingsworth streets.
The rental market is characterized by high demand and significant rent appreciation, with a mix of single-family rentals and multi-family units catering to a diverse tenant base.
The local economy is anchored by Portland's diverse mix of healthcare, education, and technology sectors, with significant employment opportunities located in the nearby central city.
The area is well-served by TriMet bus lines and is positioned for easy access to the MAX Light Rail system, facilitating efficient transit to downtown and the airport.
Development is focused on increasing housing density along major transit corridors while preserving the historic character of established residential neighborhoods.
Parcels are subject to Portland Public Schools district taxes and various municipal service levies typical of the Portland metropolitan area.
Property insurance premiums are influenced by regional wildfire risk and standard urban hazard profiles, with competitive availability across major carriers.
Data retrieved from data.census.gov ZCTA 97211 profile.
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 Portland4.84.3 mi
- Oaks Amusement Park4.47.3 mi
- Langer's Entertainment Center4.417.6 mi
- Sky Zone Trampoline Park3.810.4 mi
- Bullwinkle's4.419.5 mi
- Moda Center4.53.4 mi
- Providence Park4.64.6 mi
- Oregon Convention Center4.53.5 mi
- Revolution Hall4.64 mi
- Portland Art Museum4.64.7 mi
- Powell's City of Books4.94.2 mi
- Oregon Zoo4.55.9 mi
- Portland Japanese Garden4.65.2 mi
- The Grotto4.73.5 mi
- Providence Park4.64.6 mi
- Portland Japanese Garden4.65.2 mi
- OMSI4.54.9 mi
- The Grotto4.73.5 mi
- Hopscotch Portland4.84.3 mi
- Vista House at Crown Point4.819.2 mi
- Portland Japanese Garden4.65.2 mi
- The Grotto4.73.5 mi
- International Rose Test Garden4.85.1 mi
- Laurelhurst Park4.73.9 mi
- Mt. Tabor Park4.85 mi
- Portland Yacht Club4.71.8 mi
- Riverplace Marina4.64.9 mi
- Fred's Marina4.48.5 mi
- Scappoose Bay Marine Park, Port of Columbia County4.519.9 mi
- Tomahawk Bay Marina4.32.2 mi
- RedTail Golf Center410.5 mi
- Heron Lakes Golf Course4.13.7 mi
- Glendoveer Golf & Tennis4.46.7 mi
- Eastmoreland Golf Course4.37 mi
- Rose City Golf Course4.13.6 mi
- Washington Square4.411.1 mi
- Clackamas Town Center4.310.2 mi
- Vancouver Mall4.26.2 mi
- Uwajimaya Beaverton4.79.5 mi
- Fred Meyer43 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A vibrant corridor known for galleries, boutiques, and diverse culinary options.
A central community green space offering recreational facilities and playgrounds.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.