The story of this market
The typical home in ZIP 97212 sells for about $899,547, or $355 per square foot.
Prices are up +15.2% from a year ago, so sellers still have some momentum. Homes take about 5 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,763 a month.
ZIP 97212 — Portland
The 97212 housing market is highly competitive, characterized by low inventory and strong price appreciation. High demand for historic homes in this desirable Portland neighborhood continues to drive prices upward, with homes selling rapidly.
This ZIP is ideal for family buyers and professionals seeking historic charm and walkability, offering a dense, urban-suburban lifestyle with proximity to Portland's core.
Median prices moved up 15.2% year over year.
Homes spend a median of 5 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 9.3% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 97212, Multnomah County, OR
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by Portland Public Schools, generally characterized by strong community engagement and high-performing neighborhood schools in the Irvington and Alameda districts.
The area faces standard Pacific Northwest climate risks, including potential for windstorms and seismic activity, with insurance markets reflecting regional wildfire and flood risk profiles.
The area benefits from proximity to Portland's central business district and major healthcare and education employers, with ongoing infill development and historic preservation efforts.
Property taxes are assessed by Multnomah County based on real market value and assessed value under Oregon's Measure 5 and Measure 50 limitations, which cap annual growth in assessed value.
Residents enjoy excellent access to downtown Portland via major arterial roads and public transit corridors, including frequent bus service and proximity to light rail.
The ZIP features significant green space including Irving Park and Alameda Ridge, with extensive local shopping and dining districts along NE Broadway and NE Fremont St.
The rental market is highly competitive due to the area's desirability and limited housing stock, with steady demand from professionals and families.
The local economy is anchored by Portland's diverse mix of healthcare, education, and technology sectors, with significant employment hubs in the nearby central city.
The area is well-served by TriMet bus lines and is highly walkable, with easy access to major highway corridors like I-84 and I-5.
Development is primarily focused on small-scale residential infill and the revitalization of existing commercial corridors.
Multnomah County Assessment and Taxation manages property valuations, adhering to state-mandated assessment cycles and tax limitation measures.
Parcels are subject to Portland Public Schools and various regional service districts, including Metro and Multnomah County library and emergency services.
Property insurance premiums in the region are influenced by national trends in climate-related risk, particularly regarding wildfire and wind exposure.
Data sourced from US Census Bureau and AreaOps.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Hopscotch Portland4.81.9 mi
- Oaks Amusement Park4.44.8 mi
- Langer's Entertainment Center4.415.3 mi
- Bullwinkle's4.417 mi
- Sky Zone Trampoline Park3.88.5 mi
- Moda Center4.51.1 mi
- Providence Park4.62.5 mi
- Oregon Convention Center4.51.1 mi
- Revolution Hall4.61.6 mi
- Portland Art Museum4.62.5 mi
- Powell's City of Books4.92 mi
- Oregon Zoo4.53.9 mi
- Portland Japanese Garden4.63.3 mi
- The Grotto4.73.7 mi
- Providence Park4.62.5 mi
- Portland Japanese Garden4.63.3 mi
- OMSI4.52.5 mi
- The Grotto4.73.7 mi
- Hopscotch Portland4.81.9 mi
- Vista House at Crown Point4.819.6 mi
- Portland Japanese Garden4.63.3 mi
- The Grotto4.73.7 mi
- International Rose Test Garden4.83.2 mi
- Laurelhurst Park4.71.8 mi
- Mt. Tabor Park4.83.3 mi
- Portland Yacht Club4.74.1 mi
- Riverplace Marina4.62.5 mi
- Fred's Marina4.49.2 mi
- Tomahawk Bay Marina4.34.4 mi
- Rocky Pointe Marina4.115.1 mi
- RedTail Golf Center48.4 mi
- Heron Lakes Golf Course4.15.1 mi
- Glendoveer Golf & Tennis4.46.4 mi
- Eastmoreland Golf Course4.34.6 mi
- Rose City Golf Course4.12.9 mi
- Washington Square4.49 mi
- Clackamas Town Center4.38.2 mi
- Vancouver Mall4.28.6 mi
- Uwajimaya Beaverton4.77.7 mi
- Bridgeport Village4.411.3 mi
- Portland International Airport4.54.1 mi
- Providence Saint Vincent Hospital Heliport4.66.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large, historic community park featuring sports fields and playgrounds.
A major commercial corridor with diverse local retail and restaurants.
A prominent geological feature offering scenic views of the city.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.