97060 — Multnomah County, Oregon Market Snapshot
Housing market data for zip code 97060 in Multnomah County, Oregon. Updated monthly with median prices, days on market, and more.
Market Sales Data
52 sales in 2026 (year to date)
Median Sale Price
$515,500
Days to Sell
13
Homes Sold
52
Inventory
28
Sale-to-List
99.5%
New Listings
56
Price/SqFt
$312
Pending Sales
52
Conforming Loan Available
Most homebuyers in 97060 can comfortably use conventional financing. The median home price of $515,500 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
97060 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 97060 (99.5% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 97060 can comfortably use conventional financing. The median home price of $515,500 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 97060 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 97060
To purchase the median home at $515,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,100.
Monthly Payment
$4,100
Income Required
$175,697
Principal & Interest
$3,176/mo
Down Payment (5%)
$25,775
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 97060.
Estimated Monthly Payment
$3,340
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