ZIP 97027
Is your rent fair?
Compare your rent to the local median.
Rent by unit size
Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in ZIP 97027 is at its highest level since Zillow's records here began in January 2023.
Rent in ZIP 97027 changed +3.0% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.
Rent has risen 2 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($94,375) is $2,359 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,980); a 3-bedroom is $2,700.
ZIP 97201, 10 miles away, rents for 12% less ($1,588/mo), about $2,500 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 97027. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 97027 (Gladstone, OR) is majority owner-occupied, has a median income above the national average, 26.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 97027 in Gladstone, OR has changed in 5 years
Rent in ZIP 97027 in Gladstone, OR has climbed 4.2% since 2023, going from about $1,724 per month to roughly $1,796 today. Census figures show median household income at $94,375 today, compared with $86,013 five years earlier. Income growth outran rent by about 5.5 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 12,509 to 12,347 between 2021 and 2024, a 1.3% change. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.
Discussions about ZIP 97027
No discussions yet. Start the conversation.
Tips for renters in ZIP 97027
Last updated: October 17, 2026
ZIP code 97027 covers Gladstone, OR. The median rent here is $1,796/mo as of October 2026. A 1-bedroom rents for a median of $1,730/mo. A 2-bedroom rents for a median of $1,980/mo.
At 23% of local median household income ($94,375/yr), ZIP 97027 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.0% over the past year.
Frequently asked questions
How much income do you need to rent in ZIP 97027?
Is rent going up or down in ZIP 97027?
How does ZIP 97027 compare to other ZIPs in Oregon?
How does ZIP 97027 compare to the rest of Gladstone?
At $1,796/mo, rent takes ~23% of ZIP 97027's median household income ($94,375/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Be the first to submit your rent for this ZIP.
No discussions yet.