97221 — Multnomah County, Oregon Market Snapshot
Housing market data for zip code 97221 in Multnomah County, Oregon. Updated monthly with median prices, days on market, and more.
Market Sales Data
44 sales in 2026 (year to date)
Median Sale Price
$875,000
Days to Sell
20
Homes Sold
44
Inventory
40
Sale-to-List
99.5%
New Listings
80
Price/SqFt
$342
Pending Sales
56
Jumbo Loan Likely Needed
The median home in 97221 at $875,000 exceeds the 2026 conforming loan limit of $832,750 by $42,250. 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
Homes in 97221 are moving quickly at 20 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 97221 (99.5% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
The median home in 97221 at $875,000 exceeds the 2026 conforming loan limit of $832,750 by $42,250. 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 97221 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 97221
To purchase the median home at $875,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $6,854.
Monthly Payment
$6,854
Income Required
$293,742
Principal & Interest
$5,391/mo
Down Payment (5%)
$43,750
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 97221.
Estimated Monthly Payment
$5,565
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