Portland 97239

Multnomah County, OR · 6,164 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

44affordability /100

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

Payment burden
34%
stretched
Days on market
36
daily
Price cuts
22.2%
of active
Valuation
+90.2%
vs assessor
Look up an address
39
/100
Weak
stable · balanced · prices easing year-over-year.
Price trend
42
Affordability
45
Valuation
20
Economic health
44

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

61/ 100SellerBalancedBuyer
Negotiate Hard
Needs 11.8% correction for affordability
DOM: 90d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)50
Valuation Gap (25%)10
Supply & Demand (20%)100
Buy vs Rent (15%)100
Cancellation Rate (10%)75
Days on Market (5%)75

Moderate buyer leverage in 97239. Room to negotiate 5-10% below list. Payment burden: 34.0% of median income. Median days on market: 90. Renting is approximately 127% cheaper than buying (price-to-rent ratio: 27.2).

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.
STABLEBALANCED

Market is holding steady with balanced conditions. Conditions are balanced between buyers and sellers.

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Market snapshoteach number, once

Median price
$610,312
▾ 0.5% YoY
Days on market
36
daily · zip_data
Median rent
$1,871
ZORI
Investor score
33/100
cash-flow lens
Active listings
113
90-day

Valuation3 lenses, different anchors

vs assessor
+90.2%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$1,161,100
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$308
Price-to-income5.6×

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How 97239 ranks in OR
percentile vs all Oregon ZIPs · n=400
Market velocity62%
Supply tightness0%
Affordability61%
Investment yield52%
Appreciation27%

Affordability, supply & momentum

28SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply17.6 mo
Days on Market36d
Inv vs History+10.6%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$3,083
Payment burden34%
Median income · ZIP$108,795
Mortgage rate6.49% · 30yr
Total monthly own$3,693
Monthly rent$1,871
Market dynamics
Price cut %22.2%
Momentumstable
LeverageBALANCED
Months of supply17.6
Sales (90d)0
Investment analysis
Median rent$1,871
Price-to-rent27.2
Est. cap rate2.4%
Buy vs rentfavors renting

Livability

Walk score41
Transit score14
Bike score—

Historical trends

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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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