ZIP 97212
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 97212 usually run 0.9% below trend in January and 1.2% above it in August, about $49 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 97212 is at its highest level since Zillow's records here began in June 2016.
Rent in ZIP 97212 changed +5.4% 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 97212 rose 23.5% while median household income rose 23.6% ($106,705 to $131,932). Income kept ahead of rent.
Rent in ZIP 97212 is 32.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 5 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($131,932) is $3,298 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,880); a 4-bedroom is $3,410.
27th cheapest of 27 ZIP codes in Portland.
ZIP 97232, 1 mile away, rents for 33% less ($1,561/mo), about $9,300 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 97212. 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 97212 (Portland, OR) is majority owner-occupied, has a median income above the national average, 68.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 97212 in Portland, OR has changed in 5 years
Five years ago, renters in ZIP 97212 in Portland, OR paid around $1,871 a month. That figure now sits near $2,340, up 25.1% from the 2021 baseline. Household income in the area moved from $115,417 to $131,932 across the same window, up 14.3% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has risen from 33.3% to 37.4%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 71.2% to 68.2% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 97212 in Portland, OR look reasonable against where the market sat half a decade ago.
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Tips for renters in ZIP 97212
Last updated: October 17, 2026
ZIP code 97212 covers Portland, OR. The median rent here is $2,340/mo as of October 2026. A 1-bedroom rents for a median of $1,840/mo. A 2-bedroom rents for a median of $2,110/mo.
At 21% of local median household income ($131,932/yr), ZIP 97212 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.4% over the past year.
Frequently asked questions
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How does ZIP 97212 compare to other ZIPs in Oregon?
How does ZIP 97212 compare to the rest of Portland?
At $2,340/mo, rent takes ~21% of ZIP 97212's median household income ($131,932/yr). The standard benchmark is 30%.
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