Provisional grade — derived from this report's measured data points; the county detector suite has not measured this geography yet. The measured ARED Score replaces it on the suite's next run.
ZIP 97227 — Portland
The 97227 housing market is currently balanced, characterized by low inventory and stable pricing. Demand remains consistent due to the area's central location and urban amenities, though high interest rates have tempered the rapid appreciation seen in previous years.
This ZIP is ideal for young professionals and urban-focused renters who value walkability, transit access, and proximity to Portland's central employment and entertainment hubs.
Median prices moved down 2.1% year over year.
Homes spend a median of 30 days on market with 2.5 months of supply — a fast-moving market.
13% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 11.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 97227, 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 experiences property crime rates typical of urban Portland, with higher concentrations near major transit corridors and commercial zones.
Schools serving the area are part of Portland Public Schools, with performance varying significantly by specific campus and program offerings.
The ZIP is located in a low-to-moderate flood risk zone near the Willamette River, with standard insurance requirements for the region.
Economic momentum is driven by proximity to the Central Eastside industrial and creative district, with ongoing infill development and adaptive reuse projects.
Property taxes are assessed by Multnomah County based on real market value, subject to Oregon's constitutional limits on assessed value growth.
Excellent access to downtown Portland via the MAX light rail and major arterial bridges, making it a highly accessible location for commuters.
Features proximity to the Willamette River waterfront, numerous local parks, and the vibrant dining and shopping districts of the inner eastside.
The rental market is highly competitive with a mix of historic apartments and new luxury developments, maintaining steady demand due to central location.
The economy is anchored by the Central Eastside's mix of light industrial, creative services, and retail businesses.
Highly served by TriMet bus lines and MAX light rail, providing seamless connectivity to the broader Portland metro area.
Development is focused on high-density residential projects and transit-oriented infrastructure improvements.
Multnomah County Assessment and Taxation manages property valuations with a focus on maintaining compliance with state-mandated assessment caps.
Parcels are subject to Portland Public Schools, Portland Community College, and various regional service districts.
Property insurance premiums are stable but reflect regional risks associated with urban fire and seismic activity.
Oregon continues to see moderate net domestic migration, though the pace has slowed compared to the 2020-2022 period.
Oregon is primarily a non-judicial foreclosure state, requiring specific notice periods and providing limited redemption rights.
Sellers are required to provide a comprehensive property disclosure statement covering material defects at the time of sale.
Data retrieved from data.census.gov ZCTA-level tables.
Provides extensive trail access and river views.
A major local hub for independent retail and restaurants.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).
Forecasts are for speculation only and should not be used as a deciding factor in any transaction. Projections trend strictly from calculable historical values — the platform cannot predict market movements, market sentiment, or the market itself.
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Standard trend model — solid = measured history · dashed = projection anchored at each line's last measured point, following that series' trailing pace (CAGR capped ±12%/yr) or trailing mean · projections are estimates, not measured reads · every charted series runs the standard 5-year historical window with a 1-year forecast, trimmed from the full retained ledger — the forecast always extends into the future year (a lagging ledger bridges to it) and stops there on purpose: authoritative, not wizardry · every price line is county-assessed value from the district CAD — the tier's same-parcel assessment roll-up on the momentum tile, the assessed trajectory in raw dollar levels and as a YoY-chained index (base 100), and the month-over-month pace from nearby comparable sales pooled from the research track; a tier without comps yet keeps its pace story with the assessed trend. Inventory, liquidity, price-cut and foreclosure lines run on the platform's own measured series.
Unlocked in the Investor tier
Aggregate foreclosure counts for this geography — recorded notices, upcoming sales and distress weight against population. The filing-level ledger opens at Investor.
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