The story of this market
The typical home in ZIP 97239 sells for about $642,309, or $308 per square foot.
Prices are down 11.1% from a year ago, which gives buyers more room to negotiate. Homes take about 36 days to sell. HUD's fair market rent for a two-bedroom is $1,789 a month.
ZIP 97239 — Portland
The 97239 housing market is currently experiencing a cooling phase, with median sale prices declining by 11.1% year-over-year. Increased days on market and a plateau in listing prices suggest a shift toward a more balanced or buyer-favored environment compared to previous years. This trend is largely driven by broader economic adjustments and a softening in regional demand.
This ZIP is ideal for medical professionals, university staff, and commuters who prioritize proximity to the South Waterfront and downtown Portland, as well as those seeking access to riverfront recreation.
Median prices moved down 11.1% year over year.
Homes spend a median of 36 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.9% · poverty 8.7% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 97239, 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 area is served by Portland Public Schools, with local educational quality generally considered consistent with the broader Portland urban district standards.
The area faces standard Pacific Northwest climate risks, including potential for seismic activity and seasonal wildfire smoke, with insurance availability subject to regional carrier adjustments.
Development momentum is driven by proximity to the Oregon Health & Science University (OHSU) campus and the South Waterfront district, which serves as a major employment and research hub.
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 proximity to downtown Portland via I-5 and the Portland Aerial Tram, providing efficient access to the city's primary employment core.
The ZIP features significant access to the Willamette River waterfront, numerous parks including Willamette Park, and proximity to the Marquam Nature Park trail system.
The rental market is characterized by high demand from students and medical professionals associated with OHSU, maintaining steady occupancy levels.
The economy is heavily anchored by the healthcare and research sectors, primarily driven by the OHSU campus and associated medical facilities.
The area is well-served by major highway corridors including I-5 and public transit options, including the Portland Streetcar and the Aerial Tram.
Ongoing development continues in the South Waterfront district, focusing on high-density residential and mixed-use research facilities.
Multnomah County Assessment and Taxation manages property valuations, adhering to state-mandated assessment cycles and tax limitation measures.
Parcels are subject to Portland Public Schools and various regional service districts, including Metro and TriMet transit taxes.
Property insurance premiums are influenced by regional wildfire risk assessments and the general urban fire protection rating of the Portland metropolitan area.
Data retrieved from US Census Bureau and ZipDataMaps.
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 Portland4.82.5 mi
- Oaks Amusement Park4.41.6 mi
- Langer's Entertainment Center4.411.2 mi
- Bullwinkle's4.412.9 mi
- Sky Zone Trampoline Park3.85 mi
- Moda Center4.53.2 mi
- Providence Park4.62.4 mi
- Oregon Convention Center4.53.1 mi
- Revolution Hall4.62.8 mi
- Portland Art Museum4.62 mi
- Powell's City of Books4.92.5 mi
- Oregon Zoo4.52 mi
- Portland Japanese Garden4.62.4 mi
- The Grotto4.77.2 mi
- Providence Park4.62.4 mi
- Portland Japanese Garden4.62.4 mi
- OMSI4.51.8 mi
- The Grotto4.77.2 mi
- Hopscotch Portland4.82.5 mi
- Portland Art Museum4.62 mi
- Portland Japanese Garden4.62.4 mi
- The Grotto4.77.2 mi
- International Rose Test Garden4.82.3 mi
- Laurelhurst Park4.73.7 mi
- Mt. Tabor Park4.84.7 mi
- Portland Yacht Club4.78 mi
- Riverplace Marina4.61.7 mi
- Fred's Marina4.410.7 mi
- Tomahawk Bay Marina4.38.3 mi
- Rocky Pointe Marina4.117 mi
- Topgolf Hillsboro4.512.5 mi
- RedTail Golf Center44.8 mi
- Heron Lakes Golf Course4.18.1 mi
- Glendoveer Golf & Tennis4.48.6 mi
- Eastmoreland Golf Course4.32.5 mi
- Washington Square4.45.2 mi
- Clackamas Town Center4.36.6 mi
- Vancouver Mall4.212.8 mi
- Uwajimaya Beaverton4.74.7 mi
- Bridgeport Village4.47.1 mi
- Portland International Airport4.58.2 mi
- Providence Saint Vincent Hospital Heliport4.64.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large riverfront park offering boat ramps, sports fields, and extensive walking paths.
Connects the South Waterfront district to the OHSU campus on Marquam Hill.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.