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ZIP Code · OR

ZIP 97214

Part of Portland, OR
Pop. 27,714·Multnomah County·75th most expensive ZIP in Oregon
Median rent (all units)
$1,692/mo
Year-over-Year
+4.4%
Month-over-Month
+1.1%
vs US Median
-$273
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 97214 · $1,692
More affordable than 59% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,248
1 BR
$1,334
2 BR
$1,526
3 BR
$2,077
4 BR+
$2,469
Research median
$1,526/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
$20,304/yr
At $1,692/mo median
Location
StateOR
CountyMultnomah County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 4.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+4.4% YoY, +1.1% MoM), not inventory.
Demographics

Who lives here

ZIP 97214 (Portland, OR) is majority renter-occupied, skews toward younger working-age adults, 67.1% of residents hold a bachelor's degree or higher.

Population
27,714
Median income
$87,131
Median age
36.8
Renters
66.1%
Age distribution
34.9%
34.9%
Under 189.7%
18–3434.9%
35–5434.9%
55–649.7%
65+10.7%
Gender
51.5%
48.5%
Male51.5%
Female48.5%
Race & ethnicity
77.5%
White77.5%
Black2.1%
Hispanic8.7%
Asian3.9%
Other7.7%
Education (25+)
22.4%
67.1%
No HS diploma1.2%
HS diploma9.2%
Some college22.4%
Bachelor's+67.1%
Housing tenure
33.9%
66.1%
Owner33.9%
Renter66.1%

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

2021 vs 2026

How ZIP 97214 in Portland, OR has changed in 5 years

Rent
$1,415 → $1,692
up 19.6%
Income
$82,549 → $87,131
up 5.6%
Population
28,630 → 27,714
down 3.2%
Renter share
67.4% → 66.1%
-1.3 pts
Bachelor's+
66.2% → 67.1%
+0.9 pts

Compared with 2021, rent in ZIP 97214 in Portland, OR has climbed by $277 per month, settling near $1,692 after starting the period at $1,415. Median household income grew from $82,549 to $87,131 between 2021 and 2024, a 5.6% shift. Rent outpaced income growth by roughly 14.0 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 28,630 to 27,714 between 2021 and 2024, a 3.2% change. Taken together, the five-year picture in ZIP 97214 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 97214

About renting in ZIP 97214

Last updated: July 20, 2026

ZIP code 97214 covers Portland, OR. The median rent here is $1,692/mo as of July 2026. A 1-bedroom rents for a median of $1,334/mo. A 2-bedroom rents for a median of $1,526/mo.

At 23% of local median household income ($87,131/yr), ZIP 97214 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97214?

As of July 20, 2026, the median monthly rent in ZIP 97214 (Portland, OR) is $1,692. This is based on aggregated data from public sources and community submissions.

How does ZIP 97214 rent compare to the US average?

ZIP 97214's median rent of $1,692/mo is $273 (14%) below the US national median of $1,965/mo.

How does ZIP 97214 compare to other ZIPs in Oregon?

ZIP 97214 falls in the middle range for Oregon, ranking #75 out of 116 ZIPs at $1,692/mo.

How much income do you need to rent in ZIP 97214?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (~$33/hour full-time) to afford the median rent of $1,692/mo in ZIP 97214. The local median household income is $87,131/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97214?

Rent in ZIP 97214 has increased 4.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 97214 an affordable place to rent?

ZIP 97214 is considered very affordable for renters. At $1,692/mo, rent takes approximately 23% of the local median household income ($87,131/yr). The standard benchmark is 30%. ZIP 97214 falls comfortably within that range.

What percentage of ZIP 97214 residents rent vs. own?

According to Census data, approximately 66.1% of ZIP 97214 households are renters, while 33.9% are owner-occupied. With a majority renter population, ZIP 97214 has a strong rental market.

How does ZIP 97214 compare to the rest of Portland?

ZIP 97214 is more affordable than Portland overall. At $1,692/mo, it's $29 below the Portland citywide median of $1,721/mo.

When was rent data for ZIP 97214 last updated?

Rent data for ZIP 97214 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,692/mo, rent takes ~23% of ZIP 97214's median household income ($87,131/yr). The standard benchmark is 30%.

ZIP 97214 23%Benchmark 30%
State income tax4.75–9.9%
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