97205 — Multnomah County, Oregon Market Snapshot
Housing market data for zip code 97205 in Multnomah County, Oregon. Updated monthly with median prices, days on market, and more.
Market Sales Data
53 sales in 2026 (year to date)
Median Sale Price
$840,000
Days to Sell
13
Homes Sold
53
Inventory
45
Sale-to-List
98.6%
New Listings
49
Price/SqFt
$635
Pending Sales
38
Jumbo Loan Likely Needed
The median home in 97205 at $840,000 exceeds the 2026 conforming loan limit of $832,750 by $7,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
97205 is an extremely competitive market with homes selling in just 13 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 97205 (98.6% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
The median home in 97205 at $840,000 exceeds the 2026 conforming loan limit of $832,750 by $7,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 97205 are set at the county level.
2026 Loan Limits — Multnomah County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $701,500 |
| 2 Units | $1,066,250 | $898,050 |
| 3 Units | $1,288,800 | $1,085,550 |
| 4 Units | $1,601,750 | $1,349,050 |
Affordability Snapshot — Zip 97205
To purchase the median home at $840,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $6,586.
Monthly Payment
$6,586
Income Required
$282,249
Principal & Interest
$5,176/mo
Down Payment (5%)
$42,000
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 97205.
Estimated Monthly Payment
$5,349
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