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ZIP Code · OR

ZIP 97217

Part of Portland, OR
Pop. 35,169·Multnomah County·69th most expensive ZIP in Oregon
Median rent (all units)
$1,709/mo
Year-over-Year
+5.3%
Month-over-Month
+2.2%
vs US Median
-$256
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 97217 · $1,709
More affordable than 58% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,263
1 BR
$1,343
2 BR
$1,542
3 BR
$2,101
4 BR+
$2,493
Research median
$1,542/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
$20,508/yr
At $1,709/mo median
Location
StateOR
CountyMultnomah County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.3% YoY, +2.2% MoM), not inventory.
Demographics

Who lives here

ZIP 97217 (Portland, OR) is majority owner-occupied, has a median income above the national average, 59.1% of residents hold a bachelor's degree or higher.

Population
35,169
Median income
$100,361
Median age
37.5
Renters
43.5%
Age distribution
14.1%
29.7%
35.1%
Under 1814.1%
18–3429.7%
35–5435.1%
55–649.3%
65+11.8%
Gender
50%
50%
Male50%
Female50%
Race & ethnicity
72%
White72%
Black5.4%
Hispanic10.6%
Asian3.6%
Other8.4%
Education (25+)
12.3%
24.3%
59.1%
No HS diploma4.4%
HS diploma12.3%
Some college24.3%
Bachelor's+59.1%
Housing tenure
56.5%
43.5%
Owner56.5%
Renter43.5%

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

2021 vs 2026

How ZIP 97217 in Portland, OR has changed in 5 years

Rent
$1,388 → $1,709
up 23.1%
Income
$92,255 → $100,361
up 8.8%
Population
35,049 → 35,169
up 0.3%
Renter share
42% → 43.5%
+1.5 pts
Bachelor's+
56.4% → 59.1%
+2.7 pts

Across the past five years, the going rent in ZIP 97217 in Portland, OR has shifted from $1,388 to $1,709, up 23.1% since 2021. Census figures show median household income at $100,361 today, compared with $92,255 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has risen from 42% to 43.5%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 56.4% to 59.1% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

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About renting in ZIP 97217

Last updated: July 20, 2026

ZIP code 97217 covers Portland, OR. The median rent here is $1,709/mo as of July 2026. A 1-bedroom rents for a median of $1,343/mo. A 2-bedroom rents for a median of $1,542/mo.

At 20% of local median household income ($100,361/yr), ZIP 97217 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97217?

As of July 20, 2026, the median monthly rent in ZIP 97217 (Portland, OR) is $1,709. This is based on aggregated data from public sources and community submissions.

How does ZIP 97217 rent compare to the US average?

ZIP 97217's median rent of $1,709/mo is $256 (13%) below the US national median of $1,965/mo.

How does ZIP 97217 compare to other ZIPs in Oregon?

ZIP 97217 falls in the middle range for Oregon, ranking #69 out of 116 ZIPs at $1,709/mo.

How much income do you need to rent in ZIP 97217?

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 $1,709/mo in ZIP 97217. The local median household income is $100,361/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97217?

Rent in ZIP 97217 has increased 5.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 97217 an affordable place to rent?

ZIP 97217 is considered very affordable for renters. At $1,709/mo, rent takes approximately 20% of the local median household income ($100,361/yr). The standard benchmark is 30%. ZIP 97217 falls comfortably within that range.

What percentage of ZIP 97217 residents rent vs. own?

According to Census data, approximately 43.5% of ZIP 97217 households are renters, while 56.5% are owner-occupied. ZIP 97217 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97217 compare to the rest of Portland?

ZIP 97217 is more affordable than Portland overall. At $1,709/mo, it's $12 below the Portland citywide median of $1,721/mo.

When was rent data for ZIP 97217 last updated?

Rent data for ZIP 97217 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $1,709/mo, rent takes ~20% of ZIP 97217's median household income ($100,361/yr). The standard benchmark is 30%.

ZIP 97217 20%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97217 (Portland, OR)

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