Portland 97221

Multnomah County, OR · 4,747 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

47affordability /100

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

Payment burden
32.2%
stretched
Days on market
24
daily
Price cuts
11.6%
of active
Look up an address
64
/100
Stable
stable · seller slight · prices rising year-over-year.
Price trend
70
Affordability
65
Economic health
47

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

52/ 100SellerBalancedBuyer
Balanced Market
Needs 6.8% correction for affordability
DOM: 46d (falling) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)50
Valuation Gap (25%)10
Supply & Demand (20%)85
Buy vs Rent (15%)100
Cancellation Rate (10%)25
Days on Market (5%)60

Balanced market in 97221. List price is roughly fair — focus on condition and value. Payment burden: 32.2% of median income. Median days on market: 46. Renting is approximately 127% cheaper than buying (price-to-rent ratio: 27.2).

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
$775,384
▴ 0.0% YoY
Days on market
24
daily · zip_data
Median rent
$2,379
ZORI
Investor score
34/100
cash-flow lens
Active listings
47
90-day

Valuation3 lenses, different anchors

vs assessor
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$0
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$279
Price-to-income5.3×

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How 97221 ranks in OR
percentile vs all Oregon ZIPs · n=400
Market velocity76%
Supply tightness79%
Affordability70%
Investment yield52%
Appreciation37%

Affordability, supply & momentum

47SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply8.6 mo
Days on Market24d
Inv vs History+0.4%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$3,917
Payment burden32.2%
Median income · ZIP$146,017
Mortgage rate6.49% · 30yr
Total monthly own$4,692
Monthly rent$2,379
Market dynamics
Price cut %11.6%
Momentumstable
LeverageSELLER SLIGHT
Months of supply8.6
Sales (90d)0
Investment analysis
Median rent$2,379
Price-to-rent27.2
Est. cap rate2.4%
Buy vs rentfavors renting

Livability

Walk score6
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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