Portland 97216

Multnomah County, OR · 5,183 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

40affordability /100

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

Payment burden
36.2%
severe
Days on market
20
daily
Price cuts
22.2%
of active
Valuation
-21.9%
vs assessor
Look up an address
38
/100
Weak
stable · seller slight · prices easing year-over-year.
Price trend
42
Affordability
25
Valuation
50
Economic health
40

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

48/ 100SellerBalancedBuyer
Balanced Market
Needs 17.1% correction for affordability
DOM: 40d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)75
Valuation Gap (25%)10
Supply & Demand (20%)70
Buy vs Rent (15%)75
Cancellation Rate (10%)0
Days on Market (5%)40

Balanced market in 97216. List price is roughly fair — focus on condition and value. Payment burden: 36.2% of median income. Median days on market: 40. Renting is approximately 82% cheaper than buying (price-to-rent ratio: 21.8).

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
$429,523
▾ 0.3% YoY
Days on market
20
daily · zip_data
Median rent
$1,645
ZORI
Investor score
44/100
cash-flow lens
Active listings
35
90-day

Valuation3 lenses, different anchors

vs assessor
-21.9%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$335,500
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$247
Price-to-income6.0×

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How 97216 ranks in OR
percentile vs all Oregon ZIPs · n=400
Market velocity83%
Supply tightness86%
Affordability48%
Investment yield81%
Appreciation32%

Affordability, supply & momentum

53SUPPLY
Tight MarketSupply Tightness

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

Months of Supply7.9 mo
Days on Market20d
Inv vs History-9.7%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$2,170
Payment burden36.2%
Median income · ZIP$71,951
Mortgage rate6.49% · 30yr
Total monthly own$2,599
Monthly rent$1,645
Market dynamics
Price cut %22.2%
Momentumstable
LeverageSELLER SLIGHT
Months of supply7.9
Sales (90d)0
Investment analysis
Median rent$1,645
Price-to-rent21.8
Est. cap rate3.0%
Buy vs rentfavors renting

Livability

Walk score5
Transit score40
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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