ZIP Code 97232 — Portland, OR Home Prices (2026)

The typical home in ZIP 97232 (Portland, Oregon) is worth about $658,000 at roughly $367 per square foot — 21% more expensive than the Portland median and 124% more expensive than the typical U.S. home.

$658,000

Typical home value

$367

Price per sq ft

#7 of 28

Portland ZIPs by value

+21%

vs Portland median

How 97232 compares

ZIP 97232 is one of the pricier ZIP codes in Portland: its typical home value of $658,000 ranks #7 of the 28 Portland ZIP codes we track (the citywide range runs from $349,000 in 97209 to $795,000 in 97212). Per square foot it costs about $367, against $321 for Portland as a whole, $299 for Oregon, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 97232	$658,000	$367
Portland, OR	$546,000	$321
Oregon	$468,500	$299
United States	$294,000	$195

Home value by size in 97232

Using this ZIP’s rate of about $367 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$367,000
1,500 sq ft	$550,500
2,000 sq ft	$734,000
2,500 sq ft	$917,500
3,000 sq ft	$1,101,000

Salary needed to buy a home in ZIP 97232

To buy the typical $658,000 home in ZIP 97232 with 20% down, you need a household income of roughly $179,000 a year (about $4,180 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $213,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$32,900	$5,190/mo	$222,000/yr
10% (+PMI)	$65,800	$4,960/mo	$213,000/yr
20%	$131,600	$4,180/mo	$179,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 97232

At about $367 per square foot, here is roughly how much home different budgets get you in ZIP 97232:

Budget	Approx. size	What that looks like locally
$300k	820 sq ft	below the local median — condos, smaller or older homes
$400k	1090 sq ft	below the local median — condos, smaller or older homes
$500k	1360 sq ft	below the local median — condos, smaller or older homes
$600k	1630 sq ft	around the typical home here
$750k	2040 sq ft	around the typical home here

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 97232 home.

Estimate a specific home in 97232

The estimator below is pre-set to ZIP 97232 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Portland ZIP codes by home value

Where 97232 sits among Portland’s 28 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	97212	$795,000	$326
2	97221	$766,000	$342
3	97229	$735,000	$301
4	97231	$710,000	$293
5	97210	$692,000	$391
6	97214	$683,000	$343
7	97232 (this page)	$658,000	$367
8	97215	$655,000	$345
9	97219	$640,000	$317
10	97202	$631,000	$357
11	97239	$605,000	$339
12	97211	$568,000	$313
13	97227	$565,000	$308
14	97213	$554,000	$324
15	97204	$538,000	$283
16	97217	$502,000	$317
17	97205	$495,000	$415
18	97218	$479,000	$362
19	97206	$469,000	$344
20	97230	$459,000	$258
21	97203	$455,000	$327
22	97236	$435,000	$263
23	97201	$430,000	$318
24	97220	$429,000	$271
25	97216	$428,000	$317
26	97233	$404,000	$254
27	97266	$403,000	$283
28	97209	$349,000	$383

ZIP 97232 home prices: frequently asked

What is the average home price in ZIP code 97232? +

The typical home in ZIP 97232 (Portland, OR) is worth about $658,000 as of 2026. That is 21% more expensive than the Portland median of $546,000 and 124% more expensive than the U.S. median of $294,000.

What is the price per square foot in 97232? +

About $367 per square foot in 97232, versus $321 across Portland and $299 across Oregon. At that rate a 1,500 sq ft home runs roughly $550,500 and a 2,500 sq ft home about $917,500.

What salary do you need to buy a house in ZIP 97232? +

For the typical $658,000 home in ZIP 97232, a household income of about $179,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $213,000; with 5% down about $222,000.

Is 97232 an expensive ZIP code? +

Within Portland, 97232 ranks #7 of 28 ZIP codes by typical home value, which makes it one of the pricier ZIP codes in Portland. Nationally it is relatively expensive.

See the full Portland home values page, all Oregon cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.