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ZIP Code · OR

ZIP 97209

Part of Portland, OR
Pop. 22,296·Multnomah County·57th most expensive ZIP in Oregon
Median rent (all units)
$1,755/mo
Year-over-Year
-1.4%
Month-over-Month
-2.0%
vs US Median
-$210
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 97209 · $1,755
More affordable than 55% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,291
1 BR
$1,379
2 BR
$1,583
3 BR
$2,160
4 BR+
$2,561
Research median
$1,583/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
$21,060/yr
At $1,755/mo median
Location
StateOR
CountyMultnomah County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 1.4% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-1.4% YoY, -2.0% MoM), not inventory.
Demographics

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.

Population
22,296
Median income
$80,301
Median age
36.7
Renters
80.2%
Age distribution
40.4%
33.6%
14.8%
Under 183.6%
18–3440.4%
35–5433.6%
55–647.6%
65+14.8%
Gender
53.1%
46.9%
Male53.1%
Female46.9%
Race & ethnicity
72.1%
White72.1%
Black4.8%
Hispanic9.2%
Asian8.1%
Other5.7%
Education (25+)
21.7%
64.7%
No HS diploma3.4%
HS diploma10.2%
Some college21.7%
Bachelor's+64.7%
Housing tenure
19.8%
80.2%
Owner19.8%
Renter80.2%

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

2021 vs 2026

How ZIP 97209 in Portland, OR has changed in 5 years

Rent
$1,636 → $1,755
up 7.3%
Income
$72,323 → $80,301
up 11.0%
Population
19,632 → 22,296
up 13.6%
Renter share
76.7% → 80.2%
+3.5 pts
Bachelor's+
67.3% → 64.7%
-2.6 pts
Median age
39.3 → 36.7
-2.6 yrs

Since 2021, the typical rent in ZIP 97209 in Portland, OR has climbed from $1,636 to $1,755, a 7.3% change over five years. Median household income rose from $72,323 to $80,301 between 2021 and 2024, a 11.0% shift. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. 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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Local insights

Tips for renters in ZIP 97209

About renting in ZIP 97209

Last updated: July 20, 2026

ZIP code 97209 covers Portland, OR. The median rent here is $1,755/mo as of July 2026. A 1-bedroom rents for a median of $1,379/mo. A 2-bedroom rents for a median of $1,583/mo.

At 26% of local median household income ($80,301/yr), ZIP 97209 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97209?

As of July 20, 2026, the median monthly rent in ZIP 97209 (Portland, OR) is $1,755. This is based on aggregated data from public sources and community submissions.

How does ZIP 97209 rent compare to the US average?

ZIP 97209's median rent of $1,755/mo is $210 (11%) below the US national median of $1,965/mo.

How does ZIP 97209 compare to other ZIPs in Oregon?

ZIP 97209 falls in the middle range for Oregon, ranking #57 out of 116 ZIPs at $1,755/mo.

How much income do you need to rent in ZIP 97209?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (~$34/hour full-time) to afford the median rent of $1,755/mo in ZIP 97209. The local median household income is $80,301/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97209?

Rent in ZIP 97209 has decreased 1.4% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 97209 an affordable place to rent?

ZIP 97209 is considered affordable for renters. At $1,755/mo, rent takes approximately 26% of the local median household income ($80,301/yr). The standard benchmark is 30%. ZIP 97209 falls comfortably within that range.

What percentage of ZIP 97209 residents rent vs. own?

According to Census data, approximately 80.2% of ZIP 97209 households are renters, while 19.8% are owner-occupied. With a majority renter population, ZIP 97209 has a strong rental market.

How does ZIP 97209 compare to the rest of Portland?

ZIP 97209 is pricier than Portland as a whole. At $1,755/mo, it's $34 above the Portland citywide median of $1,721/mo.

When was rent data for ZIP 97209 last updated?

Rent data for ZIP 97209 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $1,755/mo, rent takes ~26% of ZIP 97209's median household income ($80,301/yr). The standard benchmark is 30%.

ZIP 97209 26%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97209 (Portland, OR)

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