97216 — Multnomah County, Oregon Market Snapshot
Housing market data for zip code 97216 in Multnomah County, Oregon. Updated monthly with median prices, days on market, and more.
Market Sales Data
31 sales in 2026 (year to date)
Median Sale Price
$445,000
Days to Sell
13
Homes Sold
31
Inventory
21
Sale-to-List
102.5%
New Listings
50
Price/SqFt
$365
Pending Sales
36
Conforming Loan Available
Most homebuyers in 97216 can comfortably use conventional financing. The median home price of $445,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
97216 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 in 97216 are selling 2.5% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 97216 can comfortably use conventional financing. The median home price of $445,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 97216 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 97216
To purchase the median home at $445,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,559.
Monthly Payment
$3,559
Income Required
$152,548
Principal & Interest
$2,742/mo
Down Payment (5%)
$22,250
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 97216.
Estimated Monthly Payment
$2,904
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