Portland 97230

Multnomah County, OR · 11,737 properties · updated 7/26/2026

Should you buy here?buyer-timing lens

34affordability /100

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

Payment burden

40.3%

severe

Days on market

daily

Price cuts

20.8%

of active

Look up an address

/100

Mixed

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 25.6% correction for affordability

DOM: 36d (falling) · Market Dynamics rolling median · hourly

Score Components

Payment Burden (25%)75

Valuation Gap (25%)10

Supply & Demand (20%)85

Buy vs Rent (15%)100

Cancellation Rate (10%)0

Days on Market (5%)40

Balanced market in 97230. List price is roughly fair — focus on condition and value. Payment burden: 39.8% of median income. A 12% price correction needed to reach 30% affordability threshold. Median days on market: 36. Renting is approximately 111% cheaper than buying (price-to-rent ratio: 25.3).

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.

Address lookup$99 report path

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<iframe src="https://lotvox.com/embed/zip/97230" width="100%" height="300" style="border:0;border-radius:12px;overflow:hidden;max-width:640px" loading="lazy" title="Portland 97230 — Lotvox market card"></iframe>
<p style="font:12px system-ui;margin:4px 0 0"><a href="https://lotvox.com/portland/zip/97230?utm_source=embed&utm_medium=backlink">Portland 97230 housing market data</a> by <a href="https://lotvox.com/">Lotvox</a></p>

Market snapshoteach number, once

Median price

$458,613

▴ 0.0% YoY

Days on market

daily · zip_data

Median rent

$1,494

ZORI

Investor score

36/100

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$224

Price-to-income6.6×

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How 97230 ranks in OR

percentile vs all Oregon ZIPs · n=400

Market velocity75%

Supply tightness76%

Affordability34%

Investment yield64%

Appreciation32%

Affordability, supply & momentum

39SUPPLY

BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply10.9 mo

Days on Market25d

Inv vs History+1.8%

Listing Density--

Affordability — payment burden

Monthly payment (P&I)$2,370

Payment burden40.3%

Median income · ZIP$70,582

Mortgage rate6.71% · 30yr

Total monthly own$2,829

Monthly rent$1,494

Market dynamics

Price cut %20.8%

Momentumstable

LeverageSELLER SLIGHT

Months of supply10.9

Sales (90d)0

Investment analysis

Median rent$1,494

Price-to-rent25.3

Est. cap rate2.6%

Buy vs rentfavors renting

Livability

Walk score10

Transit score14

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

3 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	$195k	$224	18	5.3%	ZIP
$250k–$500k	$410k	$287	204	60.4%	ZIP
$500k–$750k	$567k	$267	92	27.2%	ZIP
$750k–$1M	$845k	$361	885	—	COUNTY · Multnomah, OR
$1M–$1.5M	$1.20M	$387	441	—	COUNTY · Multnomah, OR
$1.5M–$2M	$1.65M	$398	125	—	COUNTY · Multnomah, OR
$2M+	$8.38M	$446	18	5.3%	ZIP
All sales (the headline median)	$450k	$272	338	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 97230.

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 97230→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