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ZIP Code · OR

ZIP 97206

Part of Portland, OR
Pop. 49,890·Multnomah County·30th most expensive ZIP in Oregon
Median rent (all units)
$1,880/mo
Year-over-Year
+4.9%
Month-over-Month
+4.0%
vs US Median
-$85
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 97206 · $1,880
More expensive than 53% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,530
1 BR
$1,630
2 BR
$1,870
3 BR
$2,550
4 BR+
$3,020
Research median
$1,870/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
$22,560/yr
At $1,880/mo median
Location
StateOR
CountyMultnomah County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 4.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+4.9% YoY, +4.0% MoM), not inventory.
Demographics

Who lives here

ZIP 97206 (Portland, OR) is majority owner-occupied, has a median income above the national average, 50.3% of residents hold a bachelor's degree or higher.

Population
49,890
Median income
$98,548
Median age
39.6
Renters
35.2%
Age distribution
16.1%
22.9%
37.6%
13.8%
Under 1816.1%
18–3422.9%
35–5437.6%
55–649.6%
65+13.8%
Gender
50.2%
49.8%
Male50.2%
Female49.8%
Race & ethnicity
74.8%
White74.8%
Black2.1%
Hispanic9.4%
Asian8.8%
Other4.9%
Education (25+)
17.1%
27.3%
50.3%
No HS diploma5.3%
HS diploma17.1%
Some college27.3%
Bachelor's+50.3%
Housing tenure
64.8%
35.2%
Owner64.8%
Renter35.2%

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

2021 vs 2026

How ZIP 97206 in Portland, OR has changed in 5 years

Rent
$1,479 → $1,880
up 27.1%
Income
$77,133 → $98,548
up 27.8%
Population
52,702 → 49,890
down 5.3%
Renter share
33.4% → 35.2%
+1.8 pts
Bachelor's+
44.9% → 50.3%
+5.4 pts
Median age
38 → 39.6
+1.6 yrs

Rent in ZIP 97206 in Portland, OR has increased 27.1% since 2021, going from about $1,479 per month to roughly $1,880 today. Median household income grew from $77,133 to $98,548 between 2021 and 2024, a 27.8% shift. Headcount in the area went from 52,702 to 49,890 between 2021 and 2024, a 5.3% change. About 35.2% of households rent today, against 33.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 44.9% to 50.3%. Taken together, the five-year picture in ZIP 97206 in Portland, OR reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

Tips for renters in ZIP 97206

About renting in ZIP 97206

Last updated: July 20, 2026

ZIP code 97206 covers Portland, OR. The median rent here is $1,880/mo as of July 2026. A 1-bedroom rents for a median of $1,630/mo. A 2-bedroom rents for a median of $1,870/mo.

At 23% of local median household income ($98,548/yr), ZIP 97206 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97206?

As of July 20, 2026, the median monthly rent in ZIP 97206 (Portland, OR) is $1,880. This is based on aggregated data from public sources and community submissions.

How does ZIP 97206 rent compare to the US average?

ZIP 97206's median rent of $1,880/mo is $85 (4%) below the US national median of $1,965/mo.

How does ZIP 97206 compare to other ZIPs in Oregon?

ZIP 97206 is one of the pricier ZIP codes in Oregon, ranking #30 out of 116 ZIPs tracked at $1,880/mo.

How much income do you need to rent in ZIP 97206?

To keep rent at or below 30% of gross income, you would need to earn at least $75,000/year (~$36/hour full-time) to afford the median rent of $1,880/mo in ZIP 97206. The local median household income is $98,548/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97206?

Rent in ZIP 97206 has increased 4.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 97206 an affordable place to rent?

ZIP 97206 is considered very affordable for renters. At $1,880/mo, rent takes approximately 23% of the local median household income ($98,548/yr). The standard benchmark is 30%. ZIP 97206 falls comfortably within that range.

What percentage of ZIP 97206 residents rent vs. own?

According to Census data, approximately 35.2% of ZIP 97206 households are renters, while 64.8% are owner-occupied. ZIP 97206 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97206 compare to the rest of Portland?

ZIP 97206 is pricier than Portland as a whole. At $1,880/mo, it's $159 above the Portland citywide median of $1,721/mo.

When was rent data for ZIP 97206 last updated?

Rent data for ZIP 97206 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,880/mo, rent takes ~23% of ZIP 97206's median household income ($98,548/yr). The standard benchmark is 30%.

ZIP 97206 23%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97206 (Portland, OR)

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