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ZIP Code · OR

ZIP 97212

Part of Portland, OR
Pop. 28,042·Multnomah County·9th most expensive ZIP in Oregon
Median rent (all units)
$2,285/mo
Year-over-Year
+15.8%
Month-over-Month
-4.4%
vs US Median
+$320
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 97212 · $2,285
More expensive than 73% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,720
1 BR
$1,840
2 BR
$2,110
3 BR
$2,880
4 BR+
$3,410
Research median
$2,110/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
$27,420/yr
At $2,285/mo median
Location
StateOR
CountyMultnomah County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 15.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+15.8% YoY, -4.4% MoM), not inventory.
Demographics

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.

Population
28,042
Median income
$131,932
Median age
41.8
Renters
37.4%
Age distribution
19.8%
21%
32.6%
15%
Under 1819.8%
18–3421%
35–5432.6%
55–6411.6%
65+15%
Gender
50.2%
49.8%
Male50.2%
Female49.8%
Race & ethnicity
74.7%
White74.7%
Black7.9%
Hispanic8.9%
Asian3.2%
Other5.3%
Education (25+)
16.9%
68.2%
No HS diploma2.9%
HS diploma11.9%
Some college16.9%
Bachelor's+68.2%
Housing tenure
62.6%
37.4%
Owner62.6%
Renter37.4%

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

2021 vs 2026

How ZIP 97212 in Portland, OR has changed in 5 years

Rent
$1,641 → $2,285
up 39.2%
Income
$115,417 → $131,932
up 14.3%
Population
28,263 → 28,042
down 0.8%
Renter share
33.3% → 37.4%
+4.1 pts
Bachelor's+
71.2% → 68.2%
-3.0 pts
Median age
40.2 → 41.8
+1.6 yrs

Five years ago, renters in ZIP 97212 in Portland, OR paid around $1,641 a month. That figure now sits near $2,285, up 39.2% 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.

Community

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Local insights

Tips for renters in ZIP 97212

About renting in ZIP 97212

Last updated: July 20, 2026

ZIP code 97212 covers Portland, OR. The median rent here is $2,285/mo as of July 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 15.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97212?

As of July 20, 2026, the median monthly rent in ZIP 97212 (Portland, OR) is $2,285. This is based on aggregated data from public sources and community submissions.

How does ZIP 97212 rent compare to the US average?

ZIP 97212's median rent of $2,285/mo is $320 (16%) above the US national median of $1,965/mo.

How does ZIP 97212 compare to other ZIPs in Oregon?

ZIP 97212 is one of the pricier ZIP codes in Oregon, ranking #9 out of 116 ZIPs tracked at $2,285/mo.

How much income do you need to rent in ZIP 97212?

To keep rent at or below 30% of gross income, you would need to earn at least $91,000/year (~$44/hour full-time) to afford the median rent of $2,285/mo in ZIP 97212. The local median household income is $131,932/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97212?

Rent in ZIP 97212 has increased 15.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 97212 an affordable place to rent?

ZIP 97212 is considered very affordable for renters. At $2,285/mo, rent takes approximately 21% of the local median household income ($131,932/yr). The standard benchmark is 30%. ZIP 97212 falls comfortably within that range.

What percentage of ZIP 97212 residents rent vs. own?

According to Census data, approximately 37.4% of ZIP 97212 households are renters, while 62.6% are owner-occupied. ZIP 97212 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97212 compare to the rest of Portland?

ZIP 97212 is pricier than Portland as a whole. At $2,285/mo, it's $564 above the Portland citywide median of $1,721/mo.

When was rent data for ZIP 97212 last updated?

Rent data for ZIP 97212 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $2,285/mo, rent takes ~21% of ZIP 97212's median household income ($131,932/yr). The standard benchmark is 30%.

ZIP 97212 21%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97212 (Portland, OR)

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