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ZIP Code · OR

ZIP 97205

Part of Portland, OR
Pop. 9,121·Multnomah County·78th most expensive ZIP in Oregon
Median rent (all units)
$1,659/mo
Year-over-Year
-2.5%
Month-over-Month
-4.3%
vs US Median
-$306
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 97205 · $1,659
More affordable than 62% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,470
1 BR
$1,580
2 BR
$1,800
3 BR
$2,470
4 BR+
$2,900
Research median
$1,800/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
$19,908/yr
At $1,659/mo median
Location
StateOR
CountyMultnomah County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 2.5% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-2.5% YoY, -4.3% MoM), not inventory.
Demographics

Who lives here

ZIP 97205 (Portland, OR) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 57.5% of residents hold a bachelor's degree or higher.

Population
9,121
Median income
$57,288
Median age
40.5
Renters
84.9%
Age distribution
34.8%
30.7%
18.3%
Under 187.1%
18–3434.8%
35–5430.7%
55–649.1%
65+18.3%
Gender
53.6%
46.4%
Male53.6%
Female46.4%
Race & ethnicity
70%
14.3%
White70%
Black7.2%
Hispanic14.3%
Asian4.7%
Other3.8%
Education (25+)
26.7%
57.5%
No HS diploma3.9%
HS diploma11.8%
Some college26.7%
Bachelor's+57.5%
Housing tenure
15.1%
84.9%
Owner15.1%
Renter84.9%

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

2021 vs 2026

How ZIP 97205 in Portland, OR has changed in 5 years

Rent
$1,571 → $1,659
up 5.6%
Income
$49,708 → $57,288
up 15.2%
Population
8,309 → 9,121
up 9.8%
Renter share
78.9% → 84.9%
+6.0 pts
Bachelor's+
57.3% → 57.5%
+0.2 pts
Median age
42.1 → 40.5
-1.6 yrs

Since 2021, the typical rent in ZIP 97205 in Portland, OR has climbed from $1,571 to $1,659, a 5.6% change over five years. Household income in the area moved from $49,708 to $57,288 across the same window, up 15.2% versus 2021. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 9.8% since 2021, moving from about 8,309 residents to roughly 9,121. Renters now make up 84.9% of households, compared with 78.9% five years ago. Reading these numbers side by side helps frame whether current listings in ZIP 97205 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 97205

About renting in ZIP 97205

Last updated: July 20, 2026

ZIP code 97205 covers Portland, OR. The median rent here is $1,659/mo as of July 2026. A 1-bedroom rents for a median of $1,580/mo. A 2-bedroom rents for a median of $1,800/mo.

At 35% of local median household income ($57,288/yr), ZIP 97205 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 2.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97205?

As of July 20, 2026, the median monthly rent in ZIP 97205 (Portland, OR) is $1,659. This is based on aggregated data from public sources and community submissions.

How does ZIP 97205 rent compare to the US average?

ZIP 97205's median rent of $1,659/mo is $306 (16%) below the US national median of $1,965/mo.

How does ZIP 97205 compare to other ZIPs in Oregon?

ZIP 97205 is among the more affordable ZIP codes in Oregon, ranking #78 out of 116 ZIPs at $1,659/mo.

How much income do you need to rent in ZIP 97205?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (~$32/hour full-time) to afford the median rent of $1,659/mo in ZIP 97205. The local median household income is $57,288/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 97205?

Rent in ZIP 97205 has decreased 2.5% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 97205 an affordable place to rent?

ZIP 97205 is considered moderate for renters. At $1,659/mo, rent takes approximately 35% of the local median household income ($57,288/yr). The standard benchmark is 30%. ZIP 97205 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 97205 residents rent vs. own?

According to Census data, approximately 84.9% of ZIP 97205 households are renters, while 15.1% are owner-occupied. With a majority renter population, ZIP 97205 has a strong rental market.

How does ZIP 97205 compare to the rest of Portland?

ZIP 97205 is more affordable than Portland overall. At $1,659/mo, it's $62 below the Portland citywide median of $1,721/mo.

When was rent data for ZIP 97205 last updated?

Rent data for ZIP 97205 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
35%
MODERATE

At $1,659/mo, rent takes ~35% of ZIP 97205's median household income ($57,288/yr). The standard benchmark is 30%.

ZIP 97205 35%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97205 (Portland, OR)

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