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ZIP Code · OR

ZIP 97201

Part of Portland, OR
Pop. 16,887·Multnomah County·102nd most expensive ZIP in Oregon
Median rent (all units)
$1,559/mo
Year-over-Year
-1.9%
Month-over-Month
+1.3%
vs US Median
-$406
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 97201 · $1,559
More affordable than 69% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,147
1 BR
$1,227
2 BR
$1,406
3 BR
$1,918
4 BR+
$2,275
Research median
$1,406/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: July 20, 2026

Annual cost
$18,708/yr
At $1,559/mo median
Location
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 (-1.9% YoY, +1.3% MoM), not inventory.
Demographics

Who lives here

ZIP 97201 (Portland, OR) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 68.7% of residents hold a bachelor's degree or higher.

Population
16,887
Median income
$63,250
Median age
33.6
Renters
72.8%
Age distribution
45.5%
23.1%
16.3%
Under 186.6%
18–3445.5%
35–5423.1%
55–648.5%
65+16.3%
Gender
49.8%
50.2%
Male49.8%
Female50.2%
Race & ethnicity
69.4%
White69.4%
Black4.5%
Hispanic9.7%
Asian11.5%
Other5%
Education (25+)
20.3%
68.7%
No HS diploma4.5%
HS diploma6.5%
Some college20.3%
Bachelor's+68.7%
Housing tenure
27.2%
72.8%
Owner27.2%
Renter72.8%

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

2021 vs 2026

How ZIP 97201 in Portland, OR has changed in 5 years

Rent
$1,398 → $1,559
up 11.5%
Income
$59,811 → $63,250
up 5.7%
Population
17,015 → 16,887
down 0.8%
Renter share
70.3% → 72.8%
+2.5 pts
Bachelor's+
66.9% → 68.7%
+1.8 pts
Median age
32.2 → 33.6
+1.4 yrs

Since 2021, the typical rent in ZIP 97201 in Portland, OR has climbed from $1,398 to $1,559, a 11.5% change over five years. On the earnings side, the typical household in ZIP 97201 in Portland, OR now reports about $63,250, up from $59,811 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 72.8% of households, compared with 70.3% five years ago. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 97201 in Portland, OR reflects that arc in its own way.

Community

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Local insights

Tips for renters in ZIP 97201

About renting in ZIP 97201

Last updated: July 20, 2026

ZIP code 97201 covers Portland, OR. The median rent here is $1,559/mo as of July 2026. A 1-bedroom rents for a median of $1,227/mo. A 2-bedroom rents for a median of $1,406/mo.

At 30% of local median household income ($63,250/yr), ZIP 97201 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 1.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97201?

As of July 20, 2026, the median monthly rent in ZIP 97201 (Portland, OR) is $1,559. This is based on aggregated data from public sources and community submissions.

How does ZIP 97201 rent compare to the US average?

ZIP 97201's median rent of $1,559/mo is $406 (21%) below the US national median of $1,965/mo.

How does ZIP 97201 compare to other ZIPs in Oregon?

ZIP 97201 is among the more affordable ZIP codes in Oregon, ranking #102 out of 116 ZIPs at $1,559/mo.

How much income do you need to rent in ZIP 97201?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (~$30/hour full-time) to afford the median rent of $1,559/mo in ZIP 97201. The local median household income is $63,250/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97201?

Rent in ZIP 97201 has decreased 1.9% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 97201 an affordable place to rent?

ZIP 97201 is considered moderate for renters. At $1,559/mo, rent takes approximately 30% of the local median household income ($63,250/yr). The standard benchmark is 30%. ZIP 97201 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 97201 residents rent vs. own?

According to Census data, approximately 72.8% of ZIP 97201 households are renters, while 27.2% are owner-occupied. With a majority renter population, ZIP 97201 has a strong rental market.

How does ZIP 97201 compare to the rest of Portland?

ZIP 97201 is more affordable than Portland overall. At $1,559/mo, it's $162 below the Portland citywide median of $1,721/mo.

When was rent data for ZIP 97201 last updated?

Rent data for ZIP 97201 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
30%
MODERATE

At $1,559/mo, rent takes ~30% of ZIP 97201's median household income ($63,250/yr). The standard benchmark is 30%.

ZIP 97201 30%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

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