The story of this market
The typical home in ZIP 97266 sells for about $485,000, or $321 per square foot.
Prices are down 2.5% from a year ago, which gives buyers more room to negotiate. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,595 a month.
ZIP 97266 — Portland
The 97266 housing market is currently experiencing a period of stabilization with a slight increase in inventory and price adjustments. Buyers are finding more leverage as days on market tick upward, though demand remains supported by the area's relative affordability within the Portland metro.
This ZIP is well-suited for first-time homebuyers and families seeking more affordable entry points into the Portland market, as well as renters looking for proximity to city amenities without downtown price premiums.
Median prices moved down 2.5% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
25% 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 6.0% · poverty 19.1% — 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 7.9%/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 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 97266
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 97266 area are generally higher than the regional average for the Portland metro area, with property crime being the most frequently reported issue.
Schools serving the area are part of the Portland Public Schools and David Douglas School District, with performance ratings varying significantly by individual campus.
The area faces standard Pacific Northwest risks, including potential for winter storms and seismic activity, with flood risks primarily localized to specific low-lying areas near Johnson Creek.
Economic momentum is driven by Portland's broader service and healthcare sectors, with ongoing infill development focused on multi-family and missing-middle housing types.
Property taxes are assessed by Multnomah County based on the real market value, subject to Oregon's constitutional limits on assessed value growth (Measure 50).
Residents typically face a 25-30 minute commute to downtown Portland, with access provided by major arterials like SE Powell Blvd and public transit via TriMet bus lines.
The area features several local parks including Earl Boyles Park and Gilbert Primary Park, with proximity to the Springwater Corridor Trail for cycling and walking.
The rental market is characterized by high demand for multi-family units, with vacancy rates remaining tight due to the area's affordability relative to central Portland.
The local economy is anchored by the broader Portland metro employment base, including significant presence in healthcare, education, and retail services.
The area is served by an extensive network of bus routes connecting to the MAX Light Rail system, facilitating transit-oriented commuting to the urban core.
Development is primarily focused on small-scale multi-family infill projects consistent with Portland's residential zoning updates.
Multnomah County Assessment and Taxation manages property valuations, adhering to state-mandated assessment cycles and tax limitation measures.
Parcels are subject to various special districts including the Portland Public Schools or David Douglas School District, and regional service districts for water and fire.
Property insurance premiums are stable but sensitive to regional wildfire risk assessments and the age of housing stock in the area.
Data retrieved from Census Reporter and US Census Bureau ZCTA profiles.
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 Portland4.85.1 mi
- Oaks Amusement Park4.45 mi
- Langer's Entertainment Center4.415.9 mi
- Bullwinkle's4.415.8 mi
- Sky Zone Trampoline Park3.811.1 mi
- Moda Center4.56.1 mi
- Providence Park4.66.9 mi
- Oregon Convention Center4.55.8 mi
- Revolution Hall4.65 mi
- Portland Art Museum4.66.3 mi
- Powell's City of Books4.96.4 mi
- Oregon Zoo4.57.7 mi
- Portland Japanese Garden4.67.5 mi
- The Grotto4.74.7 mi
- Providence Park4.66.9 mi
- Portland Japanese Garden4.67.5 mi
- OMSI4.55.4 mi
- The Grotto4.74.7 mi
- Vista House at Crown Point4.815.7 mi
- Hopscotch Portland4.85.1 mi
- Portland Japanese Garden4.67.5 mi
- The Grotto4.74.7 mi
- International Rose Test Garden4.87.4 mi
- Laurelhurst Park4.74.1 mi
- Mt. Tabor Park4.82.5 mi
- Portland Yacht Club4.79.1 mi
- Riverplace Marina4.65.7 mi
- Fred's Marina4.415 mi
- Tomahawk Bay Marina4.39.5 mi
- Felida Moorage RR 664.317.2 mi
- RedTail Golf Center410.8 mi
- Heron Lakes Golf Course4.110.8 mi
- Glendoveer Golf & Tennis4.43.4 mi
- Eastmoreland Golf Course4.33.9 mi
- Rose City Golf Course4.13.8 mi
- Washington Square4.411 mi
- Clackamas Town Center4.33.5 mi
- Vancouver Mall4.211.9 mi
- Uwajimaya Beaverton4.710.9 mi
- Bridgeport Village4.411.3 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 community park featuring playgrounds, sports fields, and natural areas.
A major regional paved trail system used for cycling and commuting.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.