ZIP Code · OR

ZIP 97220

Part of Portland, OR

Pop. 27,202·Multnomah County·95th most expensive ZIP in Oregon

Median rent (all units)

$1,583/mo

Year-over-Year

-0.4%

Month-over-Month

+0.8%

vs US Median

-$349

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 97220 · $1,583

More affordable than 67% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 97220 is 1.2% below its high of $1,603 in August 2025, at $1,583 as of September 2026.

Past year vs. the rest of Oregon

Rent in ZIP 97220 changed -0.4% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Recent direction

Rent rose in 4 of the last 12 months.

What a typical income covers

30% of the median household income ($70,137) is $1,753 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,580); a 2-bedroom is $1,800.

Rank in Portland

6th cheapest of 27 ZIP codes in Portland.

From Zillow's monthly rent index (ZORI) for ZIP 97220. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,996/yr

At $1,583/mo median

Location

CityPortland

StateOR

CountyMultnomah County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (-0.4% YoY, +0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 97220 (Portland, OR) is majority owner-occupied, 34.1% of residents hold a bachelor's degree or higher.

Population

27,202

Median income

$70,137

Median age

41.1

Renters

41%

Age distribution

15.4%

23.1%

31.8%

12.7%

16.9%

Under 1815.4%

18–3423.1%

35–5431.8%

55–6412.7%

65+16.9%

Gender

51.5%

48.5%

Male51.5%

Female48.5%

Race & ethnicity

59.4%

14.3%

White59.4%

Black9.3%

Hispanic14.3%

Asian11.8%

Other5.2%

Education (25+)

13.2%

22.4%

30.3%

34.1%

No HS diploma13.2%

HS diploma22.4%

Some college30.3%

Bachelor's+34.1%

Housing tenure

59%

41%

Owner59%

Renter41%

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

2022 vs 2026

How ZIP 97220 in Portland, OR has changed in 5 years

Rent

$1,377 → $1,583

up 15.0%

Income

$61,333 → $70,137

up 14.4%

Population

28,307 → 27,202

down 3.9%

Renter share

43.6% → 41%

-2.6 pts

Bachelor's+

30.7% → 34.1%

+3.4 pts

Median age

40.1 → 41.1

+1.0 yrs

The median rent in ZIP 97220 in Portland, OR stood at $1,377 in 2022 and currently runs about $1,583, reflecting a 15.0% increase over the period. Census figures show median household income at $70,137 today, compared with $61,333 five years earlier. The population has contracted by 3.9% since 2021, moving from about 28,307 residents to roughly 27,202. Renters now make up 41% of households, compared with 43.6% five years ago. College-educated residents now make up 34.1% of adults here, versus 30.7% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

Community

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About renting in ZIP 97220

Last updated: October 17, 2026

ZIP code 97220 covers Portland, OR. The median rent here is $1,583/mo as of October 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 ($70,137/yr), ZIP 97220 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97220?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (about $30/hour full-time) to afford the median rent of $1,583/mo in ZIP 97220. The local median household income is $70,137/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97220?

Rent in ZIP 97220 has been roughly flat over the past year as of September 2026, a -0.4% change. It sits 1.2% below its high of $1,603 in August 2025.

How does ZIP 97220 compare to other ZIPs in Oregon?

ZIP 97220 is one of the more affordable among Oregon ZIP codes for rent, ranking #95 of 114 at $1,583/mo. Over the year to September 2026, rent in ZIP 97220 changed -0.4%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.