ZIP 97202
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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
January. Asking rents in ZIP 97202 usually run 1.1% below trend in January and 1.3% above it in September, about $40 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 97202 is 0.1% below its high of $1,677 in March 2026, at $1,676 as of September 2026.
Rent in ZIP 97202 changed +0.9% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.
From 2019 to 2024, rent in ZIP 97202 rose 18.6% while median household income rose 28.4% ($81,772 to $104,971). Income kept ahead of rent.
Rent in ZIP 97202 is 19.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 2 months in a row, and rose in 6 of the last 12 months.
30% of the median household income ($104,971) is $2,624 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,050); a 3-bedroom is $2,790.
14th cheapest of 27 ZIP codes in Portland.
ZIP 97227, 5 miles away, rents for 11% less ($1,497/mo), about $2,100 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 97202. 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.
Who lives here
ZIP 97202 (Portland, OR) is roughly split between renters and owners, has a median income above the national average, 64.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 97202 in Portland, OR has changed in 5 years
Rent in ZIP 97202 in Portland, OR has increased 15.9% since 2021, going from about $1,446 per month to roughly $1,676 today. Household income in the area moved from $87,266 to $104,971 across the same window, up 20.3% versus 2021. Income growth outran rent by about 4.4 percentage points, easing the affordability math somewhat compared with 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 60.7% to 64.8%. Reading these numbers side by side helps frame whether current listings in ZIP 97202 in Portland, OR look reasonable against where the market sat half a decade ago.
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Tips for renters in ZIP 97202
Last updated: October 17, 2026
ZIP code 97202 covers Portland, OR. The median rent here is $1,676/mo as of October 2026. A 1-bedroom rents for a median of $1,790/mo. A 2-bedroom rents for a median of $2,050/mo.
At 19% of local median household income ($104,971/yr), ZIP 97202 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.9% over the past year.
Frequently asked questions
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How does ZIP 97202 compare to the rest of Portland?
At $1,676/mo, rent takes ~19% of ZIP 97202's median household income ($104,971/yr). The standard benchmark is 30%.
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