ZIP Code · OR

ZIP 97080

Part of Gresham, OR

Pop. 48,411·Multnomah County·88th most expensive ZIP in Oregon

Median rent (all units)

$1,624/mo

Year-over-Year

+1.0%

Month-over-Month

Stable

vs US Median

-$308

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 97080 · $1,624

More affordable than 64% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,490

1 BR

$1,600

2 BR

$1,830

3 BR

$2,490

4 BR+

$2,960

Research median

$1,830/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

Compared with the peak

Rent in ZIP 97080 is 0.2% below its high of $1,627 in April 2026, at $1,624 as of September 2026.

Past year vs. the rest of Oregon

Rent in ZIP 97080 changed +1.0% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($96,305) is $2,408 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,830); a 3-bedroom is $2,490.

From Zillow's monthly rent index (ZORI) for ZIP 97080. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,488/yr

At $1,624/mo median

Location

CityGresham

StateOR

CountyMultnomah County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+1.0% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 97080 (Gresham, OR) is majority owner-occupied, has a median income above the national average, 27.5% of residents hold a bachelor's degree or higher.

Population

48,411

Median income

$96,305

Median age

38.9

Renters

26.8%

Age distribution

24.1%

20.4%

26.6%

12.5%

16.4%

Under 1824.1%

18–3420.4%

35–5426.6%

55–6412.5%

65+16.4%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

72%

14%

White72%

Black2.2%

Hispanic14%

Asian6.3%

Other5.5%

Education (25+)

25.5%

37.7%

27.5%

No HS diploma9.3%

HS diploma25.5%

Some college37.7%

Bachelor's+27.5%

Housing tenure

73.2%

26.8%

Owner73.2%

Renter26.8%

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

2023 vs 2026

How ZIP 97080 in Gresham, OR has changed in 5 years

Rent

$1,518 → $1,624

up 7.0%

Income

$81,881 → $96,305

up 17.6%

Population

46,413 → 48,411

up 4.3%

Renter share

27.5% → 26.8%

-0.7 pts

Bachelor's+

28% → 27.5%

-0.5 pts

Five years ago, renters in ZIP 97080 in Gresham, OR paid around $1,518 a month. That figure now sits near $1,624, up 7.0% from the 2023 baseline. Census figures show median household income at $96,305 today, compared with $81,881 five years earlier. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 97080 in Gresham, OR adding about 1,998 residents over the five-year window, up 4.3% on net. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.

Community

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About renting in ZIP 97080

Last updated: October 17, 2026

ZIP code 97080 covers Gresham, OR. The median rent here is $1,624/mo as of October 2026. A 1-bedroom rents for a median of $1,600/mo. A 2-bedroom rents for a median of $1,830/mo.

At 20% of local median household income ($96,305/yr), ZIP 97080 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97080?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (about $31/hour full-time) to afford the median rent of $1,624/mo in ZIP 97080. The local median household income is $96,305/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97080?

Rent in ZIP 97080 has risen 1.0% over the past year as of September 2026. It sits 0.2% below its high of $1,627 in April 2026.

How does ZIP 97080 compare to other ZIPs in Oregon?

ZIP 97080 is one of the more affordable among Oregon ZIP codes for rent, ranking #88 of 114 at $1,624/mo. Over the year to September 2026, rent in ZIP 97080 changed +1.0%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.