Portland 97203

Multnomah County, OR · 10,805 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

41affordability /100

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

Payment burden
35.9%
stretched
Days on market
18
daily
Price cuts
21.2%
of active
Valuation
-8.9%
vs assessor
Look up an address
48
/100
Mixed
stable · seller slight · prices easing year-over-year.
Price trend
42
Affordability
45
Valuation
70
Economic health
41

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

45/ 100SellerBalancedBuyer
Balanced Market
Needs 16.4% correction for affordability
DOM: 39d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)50
Valuation Gap (25%)10
Supply & Demand (20%)85
Buy vs Rent (15%)75
Cancellation Rate (10%)0
Days on Market (5%)40

Balanced market in 97203. List price is roughly fair — focus on condition and value. Payment burden: 35.9% of median income. Median days on market: 39. Renting is approximately 72% cheaper than buying (price-to-rent ratio: 20.7).

Balanced market conditions. Prices roughly aligned with fundamentals — similar to stable periods in 2014-2015.
STABLESELLER SLIGHT

Market is holding steady with balanced conditions. Sellers hold a slight edge.

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Market snapshoteach number, once

Median price
$459,321
▾ 0.7% YoY
Days on market
18
daily · zip_data
Median rent
$1,845
ZORI
Investor score
48/100
cash-flow lens
Active listings
98
90-day

Valuation3 lenses, different anchors

vs assessor
-8.9%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$418,400
county CAMA · properties_v
vs income
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+53.9%
County-wide market — the widest, slowest signal.
Multnomah+53.9%
Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$286
Price-to-income5.9×

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How 97203 ranks in OR
percentile vs all Oregon ZIPs · n=400
Market velocity85%
Supply tightness80%
Affordability52%
Investment yield85%
Appreciation25%

Affordability, supply & momentum

45SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply9.5 mo
Days on Market18d
Inv vs History+10.4%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$2,320
Payment burden35.9%
Median income · ZIP$77,619
Mortgage rate6.49% · 30yr
Total monthly own$2,779
Monthly rent$1,845
Market dynamics
Price cut %21.2%
Momentumstable
LeverageSELLER SLIGHT
Months of supply9.5
Sales (90d)0
Investment analysis
Median rent$1,845
Price-to-rent20.7
Est. cap rate3.1%
Buy vs rentfavors renting

Livability

Walk score17
Transit score15
Bike score

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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.

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