ZIP 97209
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12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 97209 usually run 1.3% below trend in December and 1.1% above it in August, about $43 a month apart at today's median. Based on 9 years of data.
Rent in ZIP 97209 is at its highest level since Zillow's records here began in January 2017.
Rent in ZIP 97209 changed +2.4% 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 97209 rose 4.2% while median household income rose 20.9% ($66,435 to $80,301). Income kept ahead of rent.
Rent in ZIP 97209 is 6.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 3 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($80,301) is $2,008 a month. That covers HUD's Fair Market Rent for up to a studio ($1,900); a 1-bedroom is $2,030.
19th cheapest of 27 ZIP codes in Portland.
ZIP 97227, 1 mile away, rents for 17% less ($1,497/mo), about $3,700 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 97209. 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 97209 (Portland, OR) is majority renter-occupied, skews toward younger working-age adults, 64.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 97209 in Portland, OR has changed in 5 years
Since 2021, the typical rent in ZIP 97209 in Portland, OR has climbed from $1,608 to $1,806, a 12.3% change over five years. Median household income rose from $72,323 to $80,301 between 2021 and 2024, a 11.0% shift. The population has grown by 13.6% since 2021, moving from about 19,632 residents to roughly 22,296. Renters now make up 80.2% of households, compared with 76.7% five years ago. College-educated residents now make up 64.7% of adults here, versus 67.3% in 2021. Taken together, the five-year picture in ZIP 97209 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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Tips for renters in ZIP 97209
Last updated: October 17, 2026
ZIP code 97209 covers Portland, OR. The median rent here is $1,806/mo as of October 2026. A 1-bedroom rents for a median of $1,419/mo. A 2-bedroom rents for a median of $1,629/mo.
At 27% of local median household income ($80,301/yr), ZIP 97209 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.
Frequently asked questions
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How does ZIP 97209 compare to the rest of Portland?
At $1,806/mo, rent takes ~27% of ZIP 97209's median household income ($80,301/yr). The standard benchmark is 30%.
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