ZIP Code · OR

ZIP 97031

Part of Hood River, OR

Pop. 19,138·Hood River County·4th most expensive ZIP in Oregon

Median rent (all units)

$2,607/mo

Year-over-Year

Stable

Month-over-Month

+1.4%

vs US Median

+$675

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 97031 · $2,607

More expensive than 82% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,340

1 BR

$1,460

2 BR

$1,920

3 BR

$2,670

4 BR+

$3,220

Research median

$1,920/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

Past year vs. the rest of Oregon

Rent in ZIP 97031 changed +43.2% 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 2 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($91,858) is $2,296 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,920); a 3-bedroom is $2,670.

From Zillow's monthly rent index (ZORI) for ZIP 97031. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$31,284/yr

At $2,607/mo median

Location

CityHood River

StateOR

CountyHood River County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +1.4% MoM), not inventory.

Demographics

Who lives here

ZIP 97031 (Hood River, OR) is majority owner-occupied, has a median income above the national average, 44.2% of residents hold a bachelor's degree or higher.

Population

19,138

Median income

$91,858

Median age

38.9

Renters

32%

Age distribution

23%

21.1%

26%

13.1%

16.7%

Under 1823%

18–3421.1%

35–5426%

55–6413.1%

65+16.7%

Gender

49.7%

50.3%

Male49.7%

Female50.3%

Race & ethnicity

67%

30.4%

White67%

Black1.2%

Hispanic30.4%

Asian0.6%

Other0.8%

Education (25+)

12.5%

17.1%

26.2%

44.2%

No HS diploma12.5%

HS diploma17.1%

Some college26.2%

Bachelor's+44.2%

Housing tenure

68%

32%

Owner68%

Renter32%

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

2021 vs 2026

How ZIP 97031 in Hood River, OR has changed in 5 years

Income

$81,530 → $91,858

up 12.7%

Population

19,464 → 19,138

down 1.7%

Renter share

32.1% → 32%

-0.1 pts

Bachelor's+

41.8% → 44.2%

+2.4 pts

Median age

38.4 → 38.9

+0.5 yrs

Median household income rose from $81,530 to $91,858 between 2021 and 2024, a 12.7% shift. The population has contracted by 1.7% since 2021, moving from about 19,464 residents to roughly 19,138. College-educated residents now make up 44.2% of adults here, versus 41.8% in 2021.

Community

Discussions about ZIP 97031

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Local insights

Tips for renters in ZIP 97031

About renting in ZIP 97031

Last updated: October 17, 2026

ZIP code 97031 covers Hood River, OR. The median rent here is $2,607/mo as of October 2026. A 1-bedroom rents for a median of $1,460/mo. A 2-bedroom rents for a median of $1,920/mo.

At 34% of local median household income ($91,858/yr), ZIP 97031 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97031?

To keep rent at or below 30% of gross income, you would need to earn at least $104,000/year (about $50/hour full-time) to afford the median rent of $2,607/mo in ZIP 97031. The local median household income is $91,858/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 97031?

Rent in ZIP 97031 has been roughly flat over the past year, a 0.0% change.

How does ZIP 97031 compare to other ZIPs in Oregon?

ZIP 97031 is one of the pricier among Oregon ZIP codes for rent, ranking #4 of 114 at $2,607/mo. Over the year to September 2026, rent in ZIP 97031 changed +43.2%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.