Portland 97221

Multnomah County, OR · 4,747 properties · updated 7/26/2026

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

32.5%

stretched

Days on market

daily

Price cuts

11.6%

of active

Look up an address

/100

Stable

stable · seller slight · prices rising year-over-year.

Price trend

Affordability

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

Balanced Market

Needs 7.7% 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 120% cheaper than buying (price-to-rent ratio: 26.4).

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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<iframe src="https://lotvox.com/embed/zip/97221" width="100%" height="300" style="border:0;border-radius:12px;overflow:hidden;max-width:640px" loading="lazy" title="Portland 97221 — Lotvox market card"></iframe>
<p style="font:12px system-ui;margin:4px 0 0"><a href="https://lotvox.com/portland/zip/97221?utm_source=embed&utm_medium=backlink">Portland 97221 housing market data</a> by <a href="https://lotvox.com/">Lotvox</a></p>

Market snapshoteach number, once

Median price

$766,327

▴ 0.1% YoY

Days on market

daily · zip_data

Median rent

$2,340

ZORI

Investor score

34/100

cash-flow lens

Active listings

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

+53.3%

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$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%

Affordability71%

Investment yield57%

Appreciation35%

Affordability, supply & momentum

46SUPPLY

BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply8.6 mo

Days on Market24d

Inv vs History+1.4%

Listing Density--

Affordability — payment burden

Monthly payment (P&I)$3,960

Payment burden32.5%

Median income · ZIP$146,017

Mortgage rate6.71% · 30yr

Total monthly own$4,726

Monthly rent$2,340

Market dynamics

Price cut %11.6%

Momentumstable

LeverageSELLER SLIGHT

Months of supply8.6

Sales (90d)0

Investment analysis

Median rent$2,340

Price-to-rent26.4

Est. cap rate2.5%

Buy vs rentfavors renting

Livability

Walk score6

Transit score15

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	$192k	$233	495	—	COUNTY · Multnomah, OR
$250k–$500k	$399k	$366	21	13.4%	ZIP
$500k–$750k	$603k	$358	57	36.3%	ZIP
$750k–$1M	$865k	$306	35	22.3%	ZIP
$1M–$1.5M	$1.25M	$337	21	13.4%	ZIP
$1.5M–$2M	$1.65M	$398	125	—	COUNTY · Multnomah, OR
$2M+	$2.20M	$465	11	7.0%	ZIP
All sales (the headline median)	$725k	$339	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 97221.

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 97221→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