Portland 97231

Multnomah County, OR · 2,145 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
34.9%
stretched
Days on market
14
daily
Price cuts
17.9%
of active
Valuation
-11.1%
vs assessor
Look up an address
49
/100
Mixed
stable · seller advantage · prices easing year-over-year.
Price trend
42
Affordability
45
Valuation
70
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

68/ 100SellerBalancedBuyer
Negotiate Hard
Needs 14% correction for affordability
DOM: 94d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)50
Valuation Gap (25%)60
Supply & Demand (20%)100
Buy vs Rent (15%)100
Cancellation Rate (10%)0
Days on Market (5%)100

Moderate buyer leverage in 97231. Room to negotiate 5-10% below list. Payment burden: 34.9% of median income. Median days on market: 94. Renting is approximately 235% cheaper than buying (price-to-rent ratio: 40.2).

What to Offer

Offer 5-10% below list. You have room to negotiate.

Conditions resemble 2019 pre-pandemic levels — moderate overvaluation with slowing demand. Negotiation room exists.
STABLESELLER ADVANTAGE

Market is holding steady with balanced conditions. Sellers are firmly in control.

Address lookup$99 report path

Look Up an Address in 97231

Just type the street — we'll auto-scope the search to ZIP 97231.

Actions
Export, share, or compare this ZIP
Compare
Get alerts when this market changes

Market snapshoteach number, once

Median price
$702,638
▾ 0.5% YoY
Days on market
14
daily · zip_data
Median rent
$1,458
ZORI
Investor score
27/100
cash-flow lens
Active listings
40
90-day

Valuation3 lenses, different anchors

vs assessor
-11.1%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$624,850
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$326
Price-to-income5.8×

Unlock Vacancy Data

Available with Lotvox Pro — $29/mo.

Start free trial
How 97231 ranks in OR
percentile vs all Oregon ZIPs · n=400
Market velocity88%
Supply tightness0%
Affordability55%
Investment yield12%
Appreciation27%

Affordability, supply & momentum

29SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply16.0 mo
Days on Market14d
Inv vs History+49.5%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$3,549
Payment burden34.9%
Median income · ZIP$122,063
Mortgage rate6.49% · 30yr
Total monthly own$4,252
Monthly rent$1,458
Market dynamics
Price cut %17.9%
Momentumstable
LeverageSELLER ADVANTAGE
Months of supply16
Sales (90d)0
Investment analysis
Median rent$1,458
Price-to-rent40.2
Est. cap rate1.6%
Buy vs rentfavors renting

Livability

Walk score21
Transit score4
Bike score—

Historical trends

Unlock Historical Trends

Available with Lotvox Pro — $29/mo.

Start free trial

Multnomah County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

Unlock County Economic Data

Available with Lotvox Pro — $29/mo.

Start free trial

Nearby ZIP codes

97229
Portland
$741,191
-3.4%
97203
Portland
$459,321
-0.7%
97053
Warren
$637,632
-0.8%
97217
Portland
$509,521
-0.4%
97210
Portland
$699,372
-1.0%
97124
Hillsboro
$542,510
-2.5%
97056
Scappoose
$492,122
-1.2%
97227
Portland
$569,496
-3.2%
Portland Metro·Overpriced ZIPs·Investor ZIPs·View on Map·Multnomah County