The story of this market
The typical home in ZIP 97233 sells for about $405,891, or $265 per square foot.
Prices are roughly flat from a year ago (+0.1%), a market in balance. Homes take about 19 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,400 a month.
ZIP 97233 — Portland
The 97233 housing market remains competitive with steady demand for entry-level homes, evidenced by a low median days on market of 19 days. While price growth has moderated to 0.1% year-over-year, the market remains balanced with a healthy supply of inventory. Buyers are actively seeking value in this East Portland corridor, keeping the sale-to-list ratio near 99%.
This ZIP is well-suited for first-time homebuyers and working-class families seeking more affordable entry points into the Portland housing market compared to the city's western neighborhoods.
Median prices moved up 0.1% year over year.
Homes spend a median of 19 days on market with 2.4 months of supply — a fast-moving market.
22% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.5% · poverty 20.0% — 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 5.8%/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 5.7%/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 97233, 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 97233 area are generally higher than the national average, with property crime being the most frequently reported issue in this section of East Portland.
Schools serving this ZIP are part of the David Douglas School District, which faces challenges with high student mobility and diverse socioeconomic needs.
The area is primarily at low risk for major natural disasters, though localized flooding can occur near Johnson Creek during heavy winter rains.
Economic momentum is driven by proximity to the I-84 and I-205 corridors, with ongoing small-scale commercial redevelopment along the SE Division and Stark Street corridors.
Property taxes are assessed by Multnomah County based on real market value, with additional levies for local school districts and municipal services.
Residents benefit from proximity to the MAX Light Rail Blue Line, providing direct transit access to downtown Portland, while I-84 offers a primary driving route for commuters.
The area features access to several community parks including Gilbert Heights Park and the nearby Powell Butte Nature Park, which offers extensive hiking trails and panoramic views.
The rental market is characterized by high demand for affordable multi-family units, with vacancy rates remaining tight due to limited new construction.
The local economy is supported by a mix of retail, healthcare, and light industrial sectors, with many residents commuting to larger employment hubs in Portland and Gresham.
The area is served by TriMet bus lines and the MAX Blue Line, facilitating regional connectivity.
Development is focused on infill housing and transit-oriented projects along major arterial roads.
Multnomah County Assessment and Taxation manages property valuations based on state-mandated assessment cycles.
Parcels are subject to David Douglas School District taxes and various regional service district levies.
Property insurance premiums are stable but reflect regional wildfire and wind risk factors common to the Pacific Northwest.
Oregon continues to see moderate net domestic migration, though growth has slowed compared to the previous decade.
Oregon is primarily a non-judicial foreclosure state, requiring specific notice periods and mediation opportunities for homeowners.
Sellers are required to provide a comprehensive property disclosure statement covering material defects and known issues.
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 Portland4.87.3 mi
- Oaks Amusement Park4.48.1 mi
- Sky Zone Trampoline Park3.814.1 mi
- Langer's Entertainment Center4.419.2 mi
- Bullwinkle's4.419 mi
- Moda Center4.57.9 mi
- Providence Park4.69.1 mi
- Oregon Convention Center4.57.7 mi
- Revolution Hall4.67.1 mi
- Portland Art Museum4.68.7 mi
- Powell's City of Books4.98.6 mi
- Oregon Zoo4.510.2 mi
- Portland Japanese Garden4.69.9 mi
- The Grotto4.74.3 mi
- Providence Park4.69.1 mi
- Portland Japanese Garden4.69.9 mi
- OMSI4.57.8 mi
- The Grotto4.74.3 mi
- Vista House at Crown Point4.812.7 mi
- Hopscotch Portland4.87.3 mi
- Portland Japanese Garden4.69.9 mi
- The Grotto4.74.3 mi
- International Rose Test Garden4.89.7 mi
- Laurelhurst Park4.76 mi
- Mt. Tabor Park4.84.4 mi
- Portland Yacht Club4.79.3 mi
- Riverplace Marina4.68.2 mi
- Fred's Marina4.416.2 mi
- Tomahawk Bay Marina4.39.7 mi
- Felida Moorage RR 664.317 mi
- Heron Lakes Golf Course4.111.5 mi
- Glendoveer Golf & Tennis4.41.1 mi
- Eastmoreland Golf Course4.37.1 mi
- Rose City Golf Course4.14.4 mi
- Colwood Golf Center4.45.4 mi
- Clackamas Town Center4.36.3 mi
- Vancouver Mall4.210.6 mi
- Fred Meyer46.5 mi
- Pioneer Place4.28.4 mi
- Fred Meyer3.99.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large nature park with hiking and biking trails.
Community park with playground and open space.
Local retail and diverse dining options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.