The story of this market
The typical home in ZIP 97219 sells for about $646,000, or $325 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,707 a month.
ZIP 97219 — Portland
The 97219 housing market is currently stable, characterized by a high median home value and steady demand from professional buyers. While year-over-year prices have seen a slight correction, the area remains a desirable location due to its proximity to downtown Portland and strong school districts. The market is currently balanced, with inventory levels providing moderate options for prospective buyers.
This ZIP is ideal for family buyers and professionals who value proximity to downtown Portland while maintaining access to nature and suburban amenities. It is less suited for investors seeking immediate high cash-flow due to the high price-to-rent ratio.
Median prices moved down 2.1% year over year.
Homes spend a median of 28 days on market with 3.2 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 3.7% · poverty 6.7% — 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 5.0%/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 5.3%/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 97219, 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 97219 area are generally consistent with broader Portland trends, with property crime being the primary concern. The area is considered relatively safe compared to the urban core, though residents should remain vigilant regarding vehicle-related incidents.
The area is served by Portland Public Schools, which generally maintain a reputation for strong academic performance and diverse extracurricular offerings. Several schools in the district are highly rated, though performance varies by specific neighborhood catchment.
The region faces moderate risks from winter storms and potential seismic activity, typical of the Pacific Northwest. Flood risk is generally low for most residential parcels, though properties near the Willamette River or local creeks may require specific flood insurance.
Economic momentum is driven by proximity to downtown Portland and the tech-heavy Silicon Forest corridor. Infrastructure improvements focus on transit connectivity and urban infill, with steady demand for residential development in the southwest hills.
Property taxes are assessed by Multnomah County based on the real market value, subject to constitutional limits on assessed value growth. There are no local income taxes specific to this ZIP, though residents are subject to state and regional income tax levies.
Commuters benefit from direct access to I-5 and Highway 99W, providing a relatively efficient route to downtown Portland. Public transit options include frequent bus service and proximity to the MAX light rail system.
The area features extensive green space, including Tryon Creek State Natural Area and numerous neighborhood parks. Residents have easy access to shopping and dining along the Capitol Highway corridor and nearby Multnomah Village.
The rental market is characterized by high demand and limited vacancy, driven by the area's desirability for professionals and students. Rent growth has stabilized following a period of rapid appreciation, with a mix of single-family rentals and apartment complexes.
The economy is anchored by education, healthcare, and professional services, with significant employment provided by nearby institutions like Lewis & Clark College and the broader Portland metro job market.
The area is well-served by major highway corridors including I-5 and OR-99W, facilitating access to the Portland employment core. Public transit is supported by TriMet bus lines and proximity to regional light rail hubs.
Development is focused on transit-oriented residential projects and the revitalization of existing commercial corridors. Major projects are largely concentrated on infill and mixed-use developments near transit stops.
Multnomah County Assessment and Taxation manages property valuations, ensuring compliance with state-mandated assessment ratios and property tax limitations.
Parcels are subject to various special districts, including Portland Public Schools, Portland Community College, and regional service districts for water and fire protection.
Property insurance premiums are influenced by regional wildfire risk and seismic exposure, with most carriers requiring standard coverage for residential structures.
Data retrieved from data.census.gov ZCTA-level tables.
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 Portland4.84.8 mi
- Oaks Amusement Park4.42.9 mi
- Langer's Entertainment Center4.48.9 mi
- Bullwinkle's4.410.8 mi
- Sky Zone Trampoline Park3.83.4 mi
- Moda Center4.55.4 mi
- Providence Park4.64.3 mi
- Oregon Convention Center4.55.4 mi
- Revolution Hall4.65.1 mi
- Portland Art Museum4.64.1 mi
- Powell's City of Books4.94.6 mi
- Oregon Zoo4.53.3 mi
- Portland Japanese Garden4.64 mi
- The Grotto4.79.4 mi
- Providence Park4.64.3 mi
- Portland Japanese Garden4.64 mi
- OMSI4.54.1 mi
- The Grotto4.79.4 mi
- Hopscotch Portland4.84.8 mi
- Portland Art Museum4.64.1 mi
- Portland Japanese Garden4.64 mi
- The Grotto4.79.4 mi
- International Rose Test Garden4.84 mi
- Laurelhurst Park4.76 mi
- Pioneer Courthouse Square4.44.4 mi
- Riverplace Marina4.64 mi
- Topgolf Hillsboro4.512.1 mi
- RedTail Golf Center42.9 mi
- Heron Lakes Golf Course4.19.9 mi
- Glendoveer Golf & Tennis4.410.7 mi
- Eastmoreland Golf Course4.33.9 mi
- Washington Square4.43.2 mi
- Clackamas Town Center4.37.3 mi
- Uwajimaya Beaverton4.73.6 mi
- Bridgeport Village4.44.9 mi
- Fred Meyer46.4 mi
- Portland International Airport4.510.5 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 large state park featuring extensive hiking and equestrian trails.
A historic district known for its local boutiques, cafes, and community events.
A private liberal arts college that serves as a major cultural and educational anchor.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.