5150 S LANDING DR Unit #308B2, Portland
97239 Homes for Sale
Overview of the 97239 Real Estate Market
The 97239 zip code, located in the vibrant city of Portland, Oregon, encompasses desirable neighborhoods such as South Portland and parts of the historic West Hills. This area is known for its stunning views, proximity to the Willamette River, and easy access to various recreational activities. The real estate market here is competitive, with a blend of single-family homes, townhouses, and condominiums catering to a wide range of buyers. As urban development continues, the availability of quaint homes and modern builds draws interest from both families and young professionals alike.
Home Prices and Trends
The median home prices in the 97239 area reflect the desirability of the Portland real estate market. As of late 2023, home prices have seen steady appreciation due to low inventory and high demand. The appeal of the area's amenities, combined with its beautiful landscapes and community feel, contributes to rising home values. Buyers should be prepared for competitive bidding situations, especially in sought-after neighborhoods, where inventory often experiences rapid turnover. However, prospective homeowners may find opportunities in upcoming developments and slightly less popular areas within the zip code.
Neighborhood Highlights
The 97239 zip code boasts a variety of attractive neighborhoods, each with its unique charm. The South Waterfront area features modern condominium developments with fantastic river views and easy access to parks and trails. On the other hand, the West Hills are characterized by their larger lots and historic homes, providing a more suburban feel while still being close to Portland's urban amenities. Additionally, residents in this area are often members of a tight-knit community that values outdoor activities, art, and local dining experiences, making it a desirable place to live.
Investment Opportunities
For real estate investors, the 97239 area presents several lucrative opportunities. Given the growth of Portland as a regional hub for technology and innovation, the demand for rental properties has surged. Investors can tap into the market by purchasing single-family homes or multi-family units to cater to renters looking for housing close to downtown. With the area's facilities and amenities, including parks, shopping, and educational institutions, investment properties are likely to maintain high occupancy rates and offer attractive returns.
Future Development and Growth
Looking ahead, the 97239 zip code is set to experience continued growth and development. Urban planning initiatives aim to enhance public transportation options and support sustainable community practices, which will make the area even more attractive to potential buyers and renters. As new businesses establish themselves and infrastructure improves, the quality of life within this region is likely to rise, further boosting property values and leading to increased demand in the real estate market. For buyers and investors alike, being aware of these trends is crucial to making informed decisions in this dynamic environment.
Our website features the best 97239 real estate search for homes available. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes.
You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire.
- 97239 Homes between $900,000 and $1,000,000 for Sale
- 97239 Homes between $1,000,000 and $1,500,000 for Sale
- 97239 Homes between $1,500,000 and $2,000,000 for Sale
- 97239 Homes between $2,000,000 and $3,000,000 for Sale
- 97239 Homes between $3,000,000 and $4,000,000 for Sale
- 97239 Homes between $4,000,000 and $5,000,000 for Sale
- 97239 Homes between $5,000,000 and $6,000,000 for Sale
- 97239 Homes between $6,000,000 and $7,000,000 for Sale
- 97239 Homes between $7,000,000 and $8,000,000 for Sale
- 97239 Homes between $8,000,000 and $9,000,000 for Sale
Curious about what’s happening in the 97239 real estate market? Sign up for a 97239 Real Estate Market Report to see what’s active, under contract, and sold!
Considering selling or refinancing your home? Get an INSTANT property valuation now!
Newest 97239 Homes for Sale
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.