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ZIP Code · OR

ZIP 97202

Part of Portland, OR
Pop. 43,533·Multnomah County·90th most expensive ZIP in Oregon
Median rent (all units)
$1,622/mo
Year-over-Year
+2.7%
Month-over-Month
-1.3%
vs US Median
-$343
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 97202 · $1,622
More affordable than 65% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,192
1 BR
$1,278
2 BR
$1,464
3 BR
$1,992
4 BR+
$2,370
Research median
$1,464/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
$19,464/yr
At $1,622/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 (+2.7% YoY, -1.3% MoM), not inventory.
Demographics

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.

Population
43,533
Median income
$104,971
Median age
37.8
Renters
49.9%
Age distribution
16%
28.8%
33.4%
13.2%
Under 1816%
18–3428.8%
35–5433.4%
55–648.6%
65+13.2%
Gender
47.8%
52.2%
Male47.8%
Female52.2%
Race & ethnicity
80.3%
White80.3%
Black1.8%
Hispanic8.4%
Asian4.9%
Other4.5%
Education (25+)
24.7%
64.8%
No HS diploma3.3%
HS diploma7.2%
Some college24.7%
Bachelor's+64.8%
Housing tenure
50.1%
49.9%
Owner50.1%
Renter49.9%

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

2021 vs 2026

How ZIP 97202 in Portland, OR has changed in 5 years

Rent
$1,390 → $1,622
up 16.7%
Income
$87,266 → $104,971
up 20.3%
Population
43,507 → 43,533
up 0.1%
Renter share
48.5% → 49.9%
+1.4 pts
Bachelor's+
60.7% → 64.8%
+4.1 pts

Rent in ZIP 97202 in Portland, OR has increased 16.7% since 2021, going from about $1,390 per month to roughly $1,622 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 3.6 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.

Community

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Local insights

Tips for renters in ZIP 97202

About renting in ZIP 97202

Last updated: July 20, 2026

ZIP code 97202 covers Portland, OR. The median rent here is $1,622/mo as of July 2026. A 1-bedroom rents for a median of $1,278/mo. A 2-bedroom rents for a median of $1,464/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 2.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97202?

As of July 20, 2026, the median monthly rent in ZIP 97202 (Portland, OR) is $1,622. This is based on aggregated data from public sources and community submissions.

How does ZIP 97202 rent compare to the US average?

ZIP 97202's median rent of $1,622/mo is $343 (17%) below the US national median of $1,965/mo.

How does ZIP 97202 compare to other ZIPs in Oregon?

ZIP 97202 is among the more affordable ZIP codes in Oregon, ranking #90 out of 116 ZIPs at $1,622/mo.

How much income do you need to rent in ZIP 97202?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (~$31/hour full-time) to afford the median rent of $1,622/mo in ZIP 97202. The local median household income is $104,971/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97202?

Rent in ZIP 97202 has increased 2.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 97202 an affordable place to rent?

ZIP 97202 is considered very affordable for renters. At $1,622/mo, rent takes approximately 19% of the local median household income ($104,971/yr). The standard benchmark is 30%. ZIP 97202 falls comfortably within that range.

What percentage of ZIP 97202 residents rent vs. own?

According to Census data, approximately 49.9% of ZIP 97202 households are renters, while 50.1% are owner-occupied. ZIP 97202 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97202 compare to the rest of Portland?

ZIP 97202 is more affordable than Portland overall. At $1,622/mo, it's $99 below the Portland citywide median of $1,721/mo.

When was rent data for ZIP 97202 last updated?

Rent data for ZIP 97202 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $1,622/mo, rent takes ~19% of ZIP 97202's median household income ($104,971/yr). The standard benchmark is 30%.

ZIP 97202 19%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97202 (Portland, OR)

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