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ZIP Code · OR

ZIP 97216

Part of Portland, OR
Pop. 16,638·Multnomah County·103rd most expensive ZIP in Oregon
Median rent (all units)
$1,556/mo
Year-over-Year
-13.1%
Month-over-Month
-5.4%
vs US Median
-$409
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 97216 · $1,556
More affordable than 70% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,470
1 BR
$1,580
2 BR
$1,800
3 BR
$2,470
4 BR+
$2,900
Research median
$1,800/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
$18,672/yr
At $1,556/mo median
Location
StateOR
CountyMultnomah County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 13.1% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-13.1% YoY, -5.4% MoM), not inventory.
Demographics

Who lives here

ZIP 97216 (Portland, OR) is roughly split between renters and owners, 32.4% of residents hold a bachelor's degree or higher.

Population
16,638
Median income
$70,442
Median age
39.5
Renters
49.3%
Age distribution
20.1%
21%
30%
17.6%
Under 1820.1%
18–3421%
35–5430%
55–6411.2%
65+17.6%
Gender
47.4%
52.6%
Male47.4%
Female52.6%
Race & ethnicity
58.7%
12.5%
12.7%
White58.7%
Black6.2%
Hispanic12.5%
Asian12.7%
Other10%
Education (25+)
23.3%
35%
32.4%
No HS diploma9.4%
HS diploma23.3%
Some college35%
Bachelor's+32.4%
Housing tenure
50.7%
49.3%
Owner50.7%
Renter49.3%

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

2021 vs 2026

How ZIP 97216 in Portland, OR has changed in 5 years

Rent
$1,390 → $1,556
up 11.9%
Income
$55,590 → $70,442
up 26.7%
Population
17,770 → 16,638
down 6.4%
Renter share
44% → 49.3%
+5.3 pts
Bachelor's+
32.6% → 32.4%
-0.2 pts
Median age
38.6 → 39.5
+0.9 yrs

Compared with 2021, rent in ZIP 97216 in Portland, OR has increased by $166 per month, settling near $1,556 after starting the period at $1,390. On the earnings side, the typical household in ZIP 97216 in Portland, OR now reports about $70,442, up from $55,590 in 2021. Income growth outran rent by about 14.8 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 17,770 to 16,638 between 2021 and 2024, a 6.4% change. About 49.3% of households rent today, against 44% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 97216 in Portland, OR reflects that arc in its own way.

Community

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Local insights

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About renting in ZIP 97216

Last updated: July 20, 2026

ZIP code 97216 covers Portland, OR. The median rent here is $1,556/mo as of July 2026. A 1-bedroom rents for a median of $1,580/mo. A 2-bedroom rents for a median of $1,800/mo.

At 27% of local median household income ($70,442/yr), ZIP 97216 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 13.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97216?

As of July 20, 2026, the median monthly rent in ZIP 97216 (Portland, OR) is $1,556. This is based on aggregated data from public sources and community submissions.

How does ZIP 97216 rent compare to the US average?

ZIP 97216's median rent of $1,556/mo is $409 (21%) below the US national median of $1,965/mo.

How does ZIP 97216 compare to other ZIPs in Oregon?

ZIP 97216 is among the more affordable ZIP codes in Oregon, ranking #103 out of 116 ZIPs at $1,556/mo.

How much income do you need to rent in ZIP 97216?

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 $1,556/mo in ZIP 97216. The local median household income is $70,442/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97216?

Rent in ZIP 97216 has decreased 13.1% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 97216 an affordable place to rent?

ZIP 97216 is considered affordable for renters. At $1,556/mo, rent takes approximately 27% of the local median household income ($70,442/yr). The standard benchmark is 30%. ZIP 97216 falls comfortably within that range.

What percentage of ZIP 97216 residents rent vs. own?

According to Census data, approximately 49.3% of ZIP 97216 households are renters, while 50.7% are owner-occupied. ZIP 97216 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97216 compare to the rest of Portland?

ZIP 97216 is more affordable than Portland overall. At $1,556/mo, it's $165 below the Portland citywide median of $1,721/mo.

When was rent data for ZIP 97216 last updated?

Rent data for ZIP 97216 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,556/mo, rent takes ~27% of ZIP 97216's median household income ($70,442/yr). The standard benchmark is 30%.

ZIP 97216 27%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97216 (Portland, OR)

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