Portland 97233

Multnomah County, OR · 8,808 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

26affordability /100

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

Payment burden
44.8%
severe
Days on market
19
daily
Price cuts
22.4%
of active
Look up an address
41
/100
Mixed
stable · seller slight · prices rising year-over-year.
Price trend
62
Affordability
25
Economic health
26

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

56/ 100SellerBalancedBuyer
Balanced Market
Needs 33% correction for affordability
DOM: 50d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)90
Valuation Gap (25%)10
Supply & Demand (20%)85
Buy vs Rent (15%)75
Cancellation Rate (10%)0
Days on Market (5%)60

Balanced market in 97233. List price is roughly fair — focus on condition and value. Payment burden: 44.9% of median income. A 22% price correction needed to reach 30% affordability threshold. Median days on market: 50. Renting is approximately 82% cheaper than buying (price-to-rent ratio: 21.9).

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
$406,091
▴ 0.7% YoY
Days on market
19
daily · zip_data
Median rent
$1,544
ZORI
Investor score
46/100
cash-flow lens
Active listings
66
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$233
Price-to-income7.4×

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How 97233 ranks in OR
percentile vs all Oregon ZIPs · n=400
Market velocity84%
Supply tightness66%
Affordability21%
Investment yield81%
Appreciation54%

Affordability, supply & momentum

42SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply11.4 mo
Days on Market19d
Inv vs History-6.2%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$2,051
Payment burden44.8%
Median income · ZIP$54,886
Mortgage rate6.49% · 30yr
Total monthly own$2,457
Monthly rent$1,544
Market dynamics
Price cut %22.4%
Momentumstable
LeverageSELLER SLIGHT
Months of supply11.4
Sales (90d)0
Investment analysis
Median rent$1,544
Price-to-rent21.9
Est. cap rate3.0%
Buy vs rentfavors renting

Livability

Walk score5
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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