97232 — Multnomah County, Oregon Market Snapshot
Housing market data for zip code 97232 in Multnomah County, Oregon. Updated monthly with median prices, days on market, and more.
Market Sales Data
10 sales in 2026 (year to date)
Median Sale Price
$302,500
Days to Sell
55
Homes Sold
10
Inventory
16
Sale-to-List
98.2%
New Listings
12
Price/SqFt
$337
Pending Sales
8
Conforming Loan Available
Most homebuyers in 97232 can comfortably use conventional financing. The median home price of $302,500 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
97232's market is balanced with homes taking an average of 55 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 97232 (98.2% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 97232 can comfortably use conventional financing. The median home price of $302,500 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 97232 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 97232
To purchase the median home at $302,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,468.
Monthly Payment
$2,468
Income Required
$105,757
Principal & Interest
$1,864/mo
Down Payment (5%)
$15,125
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 97232.
Estimated Monthly Payment
$2,022
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