Portland 97201

Multnomah County, OR · 4,503 properties · updated 7/26/2026

Should you buy here?buyer-timing lens

35affordability /100

Buyer leverage is balanced; weigh payment burden and the 3-lens valuation before bidding.

Payment burden

39.7%

severe

Days on market

daily

Price cuts

15.4%

of active

Valuation

+28.7%

vs assessor

Look up an address

/100

Weak

cooling · balanced · prices easing year-over-year.

Price trend

Affordability

Valuation

Economic health

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

Negotiate Hard

Needs 24.4% correction for affordability

DOM: 130d (rising) · Market Dynamics rolling median · hourly

Score Components

Payment Burden (25%)75

Valuation Gap (25%)10

Supply & Demand (20%)100

Buy vs Rent (15%)75

Cancellation Rate (10%)75

Days on Market (5%)100

Moderate buyer leverage in 97201. Room to negotiate 5-10% below list. Payment burden: 39.5% of median income. A 12% price correction needed to reach 30% affordability threshold. Median days on market: 130. Renting is approximately 95% cheaper than buying (price-to-rent ratio: 23.4).

What to Offer

Offer 5-10% below list. You have room to negotiate.

Conditions resemble 2019 pre-pandemic levels — moderate overvaluation with slowing demand. Negotiation room exists.

COOLINGBALANCED

Market is cooling with expanding inventory. Conditions are balanced between buyers and sellers. Prices down 2.7% YoY.

Address lookup$99 report path

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<iframe src="https://lotvox.com/embed/zip/97201" width="100%" height="300" style="border:0;border-radius:12px;overflow:hidden;max-width:640px" loading="lazy" title="Portland 97201 — Lotvox market card"></iframe>
<p style="font:12px system-ui;margin:4px 0 0"><a href="https://lotvox.com/portland/zip/97201?utm_source=embed&utm_medium=backlink">Portland 97201 housing market data</a> by <a href="https://lotvox.com/">Lotvox</a></p>

Market snapshoteach number, once

Median price

$429,780

▾ 2.7% YoY

Days on market

daily · zip_data

Median rent

$1,583

ZORI

Investor score

32/100

cash-flow lens

Active listings

119

90-day

Valuation3 lenses, different anchors

vs assessor

+28.7%

Market vs assessed value — a tax-roll lag, not a deal signal.

Avg assessor$553,150

county CAMA · properties_v

vs income

—

Fair-value model not available for this market.

fair_value_scores · 10-state coverage

vs county comps

+53.3%

County-wide market — the widest, slowest signal.

Multnomah+53.3%

Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.

Pricing detail

Price / sqft$655

Price-to-income6.5×

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How 97201 ranks in OR

percentile vs all Oregon ZIPs · n=400

Market velocity55%

Supply tightness0%

Affordability37%

Investment yield72%

Appreciation4%

Affordability, supply & momentum

26SUPPLY

BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply31.8 mo

Days on Market45d

Inv vs History+1.9%

Listing Density--

Affordability — payment burden

Monthly payment (P&I)$2,221

Payment burden39.7%

Median income · ZIP$67,074

Mortgage rate6.71% · 30yr

Total monthly own$2,651

Monthly rent$1,583

Market dynamics

Price cut %15.4%

Momentumcooling

LeverageBALANCED

Months of supply31.8

Sales (90d)0

Investment analysis

Median rent$1,583

Price-to-rent23.4

Est. cap rate2.8%

Buy vs rentfavors renting

Livability

Walk score71

Transit score39

Bike score—

Historical trends

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Price bandsmix-shift

Price Bands — the median behind the median

A single median rises whenever expensive homes become a bigger share of what sells, even if no tier got more expensive. These are the tiers underneath it, computed from the most recent recorded sale per property in Multnomah.

Current tiers · 12 months to Apr 26floor 10 sales/tier

2 tiers had too few sales in this ZIP and are shown at county or metro level — see the stamp on each row.

Tier	Median	$/sqft	Sales	Share	Source
Under $250k	$195k	$302	36	22.9%	ZIP
$250k–$500k	$335k	$318	43	27.4%	ZIP
$500k–$750k	$623k	$388	22	14.0%	ZIP
$750k–$1M	$869k	$402	24	15.3%	ZIP
$1M–$1.5M	$1.11M	$432	20	12.7%	ZIP
$1.5M–$2M	$1.65M	$398	125	—	COUNTY · Multnomah, OR
$2M+	$3.51M	$420	218	—	COUNTY · Multnomah, OR
All sales (the headline median)	$489k	$342	157	100%	ZIP

No mix-shift history for this area. no geography from this ZIP up to metro has 8+ quarters of 10+ recorded arms-length sales across at least 4 price tiers. Trends are drawn only from recorded transactions; the last-sale snapshot above cannot carry a time series, because a property that sold twice keeps only its latest sale — which drags the history upward through the tiers and would invent the very mix shift this section exists to test for.

National context — not local

NAR's aggregate existing-home median for the United States and the West census region. This is the figure the tiers above are a check on. It is national/regional and says nothing about 97201.

United States
West

Copyright, National Association of Realtors. Reprinted with permission. Retrieved from FRED, Federal Reserve Bank of St. Louis. FRED publishes a rolling 13-month window for these series.

Tiers computed from Lotvox parcel and deed substrate through Apr 26 (3 later months withheld as partially loaded). Sample floor 10 sales per tier; below it a figure is drawn from the county or metro and labelled, or left blank. Multi-parcel bulk deeds and duplicate records are excluded.

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Multnomah County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

ZIP 97201→Multnomah County, OR

12-Month Direction

-1Stable

Confidence

100%

DeterioratingStableImproving

BuildersLens Market Intelligence

Market Score

38· Weak

Market Score grades housing-market conditions (affordability, valuation, supply). The county Healthy/Moderate/Distressed badge measures economic distress (jobs, debt, poverty) — the two can read differently.

Payment Burden39

36.5%

severe

Source: Lotvox · Updated 2026-05-15

Buy vs Rent0

2.174x

rent advantage

Source: Lotvox · Updated 2026-05-15

Valuation18

+53.3%

overvalued

Source: Lotvox comps · Updated 2026-05-15