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ZIP Code · OR

ZIP 97215

Part of Portland, OR
Pop. 17,296·Multnomah County·100th most expensive ZIP in Oregon
Median rent (all units)
$1,562/mo
Year-over-Year
+0.8%
Month-over-Month
+4.9%
vs US Median
-$403
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 97215 · $1,562
More affordable than 69% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,490
1 BR
$1,590
2 BR
$1,820
3 BR
$2,480
4 BR+
$2,940
Research median
$1,820/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
$18,744/yr
At $1,562/mo median
Location
StateOR
CountyMultnomah County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.8% YoY, +4.9% MoM), not inventory.
Demographics

Who lives here

ZIP 97215 (Portland, OR) is majority owner-occupied, has a median income above the national average, 68.1% of residents hold a bachelor's degree or higher.

Population
17,296
Median income
$116,264
Median age
42.2
Renters
34.4%
Age distribution
16.3%
20.2%
37.5%
14.5%
Under 1816.3%
18–3420.2%
35–5437.5%
55–6411.6%
65+14.5%
Gender
50.5%
49.5%
Male50.5%
Female49.5%
Race & ethnicity
79%
White79%
Black1.8%
Hispanic7.2%
Asian7.8%
Other4.2%
Education (25+)
18.9%
68.1%
No HS diploma2.6%
HS diploma10.4%
Some college18.9%
Bachelor's+68.1%
Housing tenure
65.6%
34.4%
Owner65.6%
Renter34.4%

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

2021 vs 2026

How ZIP 97215 in Portland, OR has changed in 5 years

Rent
$1,300 → $1,562
up 20.2%
Income
$91,680 → $116,264
up 26.8%
Population
17,371 → 17,296
down 0.4%
Renter share
39.2% → 34.4%
-4.8 pts
Bachelor's+
59.3% → 68.1%
+8.8 pts
Median age
40.6 → 42.2
+1.6 yrs

The median rent in ZIP 97215 in Portland, OR stood at $1,300 in 2021 and currently runs about $1,562, reflecting a 20.2% increase over the period. Household income in the area moved from $91,680 to $116,264 across the same window, up 26.8% versus 2021. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. Renters now make up 34.4% of households, compared with 39.2% five years ago. College-educated residents now make up 68.1% of adults here, versus 59.3% in 2021. Reading these numbers side by side helps frame whether current listings in ZIP 97215 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 97215

About renting in ZIP 97215

Last updated: July 20, 2026

ZIP code 97215 covers Portland, OR. The median rent here is $1,562/mo as of July 2026. A 1-bedroom rents for a median of $1,590/mo. A 2-bedroom rents for a median of $1,820/mo.

At 16% of local median household income ($116,264/yr), ZIP 97215 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97215?

As of July 20, 2026, the median monthly rent in ZIP 97215 (Portland, OR) is $1,562. This is based on aggregated data from public sources and community submissions.

How does ZIP 97215 rent compare to the US average?

ZIP 97215's median rent of $1,562/mo is $403 (21%) below the US national median of $1,965/mo.

How does ZIP 97215 compare to other ZIPs in Oregon?

ZIP 97215 is among the more affordable ZIP codes in Oregon, ranking #100 out of 116 ZIPs at $1,562/mo.

How much income do you need to rent in ZIP 97215?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (~$30/hour full-time) to afford the median rent of $1,562/mo in ZIP 97215. The local median household income is $116,264/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97215?

Rent in ZIP 97215 has increased 0.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 97215 an affordable place to rent?

ZIP 97215 is considered very affordable for renters. At $1,562/mo, rent takes approximately 16% of the local median household income ($116,264/yr). The standard benchmark is 30%. ZIP 97215 falls comfortably within that range.

What percentage of ZIP 97215 residents rent vs. own?

According to Census data, approximately 34.4% of ZIP 97215 households are renters, while 65.6% are owner-occupied. ZIP 97215 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97215 compare to the rest of Portland?

ZIP 97215 is more affordable than Portland overall. At $1,562/mo, it's $159 below the Portland citywide median of $1,721/mo.

When was rent data for ZIP 97215 last updated?

Rent data for ZIP 97215 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
16%
VERY AFFORDABLE

At $1,562/mo, rent takes ~16% of ZIP 97215's median household income ($116,264/yr). The standard benchmark is 30%.

ZIP 97215 16%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97215 (Portland, OR)

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