ZIP Code · OR

ZIP 97015

Part of Clackamas, OR

Pop. 24,433·Clackamas County·60th most expensive ZIP in Oregon

Median rent (all units)

$1,783/mo

Year-over-Year

+1.5%

Month-over-Month

+0.6%

vs US Median

-$149

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 97015 · $1,783

More affordable than 52% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,660

1 BR

$1,770

2 BR

$2,030

3 BR

$2,770

4 BR+

$3,280

Research median

$2,030/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 97015 usually run 1% below trend in January and 1.2% above it in August, about $39 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 97015 is 2.4% below its high of $1,826 in June 2024, at $1,783 as of September 2026.

Past year vs. the rest of Oregon

Rent in ZIP 97015 changed +1.5% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Recent direction

Rent has risen 3 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($87,333) is $2,183 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,030); a 3-bedroom is $2,770.

Cheaper nearby

ZIP 97233, 7 miles away, rents for 17% less ($1,487/mo), about $3,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 97015. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,396/yr

At $1,783/mo median

Location

CityClackamas

StateOR

CountyClackamas County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.5% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 97015 (Clackamas, OR) is majority owner-occupied, 32.5% of residents hold a bachelor's degree or higher.

Population

24,433

Median income

$87,333

Median age

38.3

Renters

36%

Age distribution

22.8%

22.6%

25.1%

18.6%

Under 1822.8%

18–3422.6%

35–5425.1%

55–6410.9%

65+18.6%

Gender

49.7%

50.3%

Male49.7%

Female50.3%

Race & ethnicity

68.3%

15%

White68.3%

Black2.2%

Hispanic15%

Asian9.8%

Other4.6%

Education (25+)

25.8%

34.7%

32.5%

No HS diploma7%

HS diploma25.8%

Some college34.7%

Bachelor's+32.5%

Housing tenure

64%

36%

Owner64%

Renter36%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 97015 in Clackamas, OR has changed in 5 years

Rent

$1,720 → $1,783

up 3.7%

Income

$77,879 → $87,333

up 12.1%

Population

23,516 → 24,433

up 3.9%

Renter share

36.5% → 36%

-0.5 pts

Bachelor's+

31% → 32.5%

+1.5 pts

The median rent in ZIP 97015 in Clackamas, OR stood at $1,720 in 2022 and currently runs about $1,783, reflecting a 3.7% increase over the period. Local incomes tracked alongside that move, going from a median of $77,879 in 2021 to $87,333 more recently. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 3.9% since 2021, moving from about 23,516 residents to roughly 24,433. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 97015 in Clackamas, OR market of 2022.

Community

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Local insights

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About renting in ZIP 97015

Last updated: October 17, 2026

ZIP code 97015 covers Clackamas, OR. The median rent here is $1,783/mo as of October 2026. A 1-bedroom rents for a median of $1,770/mo. A 2-bedroom rents for a median of $2,030/mo.

At 24% of local median household income ($87,333/yr), ZIP 97015 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97015?

To keep rent at or below 30% of gross income, you would need to earn at least $71,000/year (about $34/hour full-time) to afford the median rent of $1,783/mo in ZIP 97015. The local median household income is $87,333/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97015?

Rent in ZIP 97015 has risen 1.5% over the past year as of September 2026. It sits 2.4% below its high of $1,826 in June 2024.

When is the cheapest time to rent in ZIP 97015?

Asking rents in ZIP 97015 are usually lowest in January, about 1% below their yearly trend, and highest in August, about 1.2% above it. At today's median that is a gap of roughly $39 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 97015 compare to other ZIPs in Oregon?

ZIP 97015 is in the middle among Oregon ZIP codes for rent, ranking #60 of 114 at $1,783/mo. Over the year to September 2026, rent in ZIP 97015 changed +1.5%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.