Portland 97215

Multnomah County, OR · 6,648 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

42affordability /100

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

Payment burden
35.3%
stretched
Days on market
6
daily
Price cuts
25.3%
of active
Valuation
-48.1%
vs assessor
Look up an address
53
/100
Mixed
warming · seller advantage · prices rising year-over-year.
Price trend
75
Affordability
45
Valuation
35
Economic health
42

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

39/ 100SellerBalancedBuyer
Seller's Market
Needs 15% correction for affordability
DOM: 18d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)50
Valuation Gap (25%)25
Supply & Demand (20%)20
Buy vs Rent (15%)100
Cancellation Rate (10%)0
Days on Market (5%)20

Seller-favored market in 97215. Expect to pay at or near list price. Payment burden: 35.3% of median income. Median days on market: 18. Renting is approximately 210% cheaper than buying (price-to-rent ratio: 37.2).

Buyer Caution

Seller's market. Be prepared to pay near list price.

Competitive market similar to 2021-2022 — limited inventory driving prices above fundamentals.
WARMINGSELLER ADVANTAGE

Market is warming with rising prices. Sellers are firmly in control.

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Market snapshoteach number, once

Median price
$665,115
▴ 2.1% YoY
Days on market
6
daily · zip_data
Median rent
$1,489
ZORI
Investor score
33/100
cash-flow lens
Active listings
34
90-day

Valuation3 lenses, different anchors

vs assessor
-48.1%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$345,150
county CAMA · properties_v
vs income
—
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+53.9%
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$302
Price-to-income5.8×

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How 97215 ranks in OR
percentile vs all Oregon ZIPs · n=400
Market velocity97%
Supply tightness98%
Affordability55%
Investment yield16%
Appreciation76%

Affordability, supply & momentum

68SUPPLY
Tight MarketSupply Tightness

Supply is below normal — sellers are favored but buyers still have options.

Months of Supply3.8 mo
Days on Market6d
Inv vs History+40.5%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$3,360
Payment burden35.3%
Median income · ZIP$114,361
Mortgage rate6.49% · 30yr
Total monthly own$4,025
Monthly rent$1,489
Market dynamics
Price cut %25.3%
Momentumwarming
LeverageSELLER ADVANTAGE
Months of supply3.8
Sales (90d)0
Investment analysis
Median rent$1,489
Price-to-rent37.2
Est. cap rate1.7%
Buy vs rentfavors renting

Livability

Walk score15
Transit score18
Bike score—

Historical trends

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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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Portland Metro·Overpriced ZIPs·Investor ZIPs·View on Map·Multnomah County