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ZIP Code · OR

ZIP 97218

Part of Portland, OR
Pop. 15,428·Multnomah County·104th most expensive ZIP in Oregon
Median rent (all units)
$1,546/mo
Year-over-Year
-21.4%
Month-over-Month
-2.6%
vs US Median
-$419
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 97218 · $1,546
More affordable than 70% of US ZIP codes · National median $1,965/mo
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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,500
1 BR
$1,610
2 BR
$1,840
3 BR
$2,510
4 BR+
$2,980
Research median
$1,840/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
$18,552/yr
At $1,546/mo median
Location
StateOR
CountyMultnomah County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 21.4% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-21.4% YoY, -2.6% MoM), not inventory.
Demographics

Who lives here

ZIP 97218 (Portland, OR) is majority owner-occupied, 51% of residents hold a bachelor's degree or higher.

Population
15,428
Median income
$88,924
Median age
37
Renters
42.1%
Age distribution
18.5%
27.8%
34.3%
Under 1818.5%
18–3427.8%
35–5434.3%
55–649.3%
65+10%
Gender
47.3%
52.7%
Male47.3%
Female52.7%
Race & ethnicity
55.4%
19.9%
White55.4%
Black11.1%
Hispanic19.9%
Asian6.3%
Other7.3%
Education (25+)
13.3%
26.8%
51%
No HS diploma8.9%
HS diploma13.3%
Some college26.8%
Bachelor's+51%
Housing tenure
57.9%
42.1%
Owner57.9%
Renter42.1%

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

2021 vs 2026

How ZIP 97218 in Portland, OR has changed in 5 years

Income
$73,602 → $88,924
up 20.8%
Population
15,468 → 15,428
down 0.3%
Renter share
41.7% → 42.1%
+0.4 pts
Bachelor's+
44.7% → 51%
+6.3 pts
Median age
34.8 → 37
+2.2 yrs

Household income in the area moved from $73,602 to $88,924 across the same window, up 20.8% versus 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 44.7% to 51%.

Community

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Local insights

Tips for renters in ZIP 97218

About renting in ZIP 97218

Last updated: July 20, 2026

ZIP code 97218 covers Portland, OR. The median rent here is $1,546/mo as of July 2026. A 1-bedroom rents for a median of $1,610/mo. A 2-bedroom rents for a median of $1,840/mo.

At 21% of local median household income ($88,924/yr), ZIP 97218 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 21.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97218?

As of July 20, 2026, the median monthly rent in ZIP 97218 (Portland, OR) is $1,546. This is based on aggregated data from public sources and community submissions.

How does ZIP 97218 rent compare to the US average?

ZIP 97218's median rent of $1,546/mo is $419 (21%) below the US national median of $1,965/mo.

How does ZIP 97218 compare to other ZIPs in Oregon?

ZIP 97218 is among the more affordable ZIP codes in Oregon, ranking #104 out of 116 ZIPs at $1,546/mo.

How much income do you need to rent in ZIP 97218?

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 $1,546/mo in ZIP 97218. The local median household income is $88,924/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97218?

Rent in ZIP 97218 has decreased 21.4% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 97218 an affordable place to rent?

ZIP 97218 is considered very affordable for renters. At $1,546/mo, rent takes approximately 21% of the local median household income ($88,924/yr). The standard benchmark is 30%. ZIP 97218 falls comfortably within that range.

What percentage of ZIP 97218 residents rent vs. own?

According to Census data, approximately 42.1% of ZIP 97218 households are renters, while 57.9% are owner-occupied. ZIP 97218 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97218 compare to the rest of Portland?

ZIP 97218 is more affordable than Portland overall. At $1,546/mo, it's $175 below the Portland citywide median of $1,721/mo.

When was rent data for ZIP 97218 last updated?

Rent data for ZIP 97218 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,546/mo, rent takes ~21% of ZIP 97218's median household income ($88,924/yr). The standard benchmark is 30%.

ZIP 97218 21%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97218 (Portland, OR)

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