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ZIP Code · OR

ZIP 97221

Part of Portland, OR
Pop. 12,915·Multnomah County·5th most expensive ZIP in Oregon
Median rent (all units)
$2,445/mo
Year-over-Year
+58.8%
Month-over-Month
+2.8%
vs US Median
+$480
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 97221 · $2,445
More expensive than 77% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,600
1 BR
$1,710
2 BR
$1,960
3 BR
$2,670
4 BR+
$3,170
Research median
$1,960/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
$29,340/yr
At $2,445/mo median
Location
StateOR
CountyMultnomah County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 58.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+58.8% YoY, +2.8% MoM), not inventory.
Demographics

Who lives here

ZIP 97221 (Portland, OR) is majority owner-occupied, has a median income above the national average, 76.6% of residents hold a bachelor's degree or higher.

Population
12,915
Median income
$145,671
Median age
42.9
Renters
28.8%
Age distribution
22.2%
15.6%
29.9%
12.2%
20%
Under 1822.2%
18–3415.6%
35–5429.9%
55–6412.2%
65+20%
Gender
47%
53%
Male47%
Female53%
Race & ethnicity
75.4%
White75.4%
Black1.3%
Hispanic5.6%
Asian7.2%
Other10.6%
Education (25+)
14.9%
76.6%
No HS diploma0.7%
HS diploma7.7%
Some college14.9%
Bachelor's+76.6%
Housing tenure
71.2%
28.8%
Owner71.2%
Renter28.8%

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

2021 vs 2026

How ZIP 97221 in Portland, OR has changed in 5 years

Income
$124,449 → $145,671
up 17.1%
Population
12,974 → 12,915
down 0.5%
Renter share
28.7% → 28.8%
+0.1 pts
Bachelor's+
73.4% → 76.6%
+3.2 pts
Median age
43.7 → 42.9
-0.8 yrs

Local incomes tracked alongside that move, going from a median of $124,449 in 2021 to $145,671 more recently. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 73.4% to 76.6%.

Community

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Local insights

Tips for renters in ZIP 97221

About renting in ZIP 97221

Last updated: July 20, 2026

ZIP code 97221 covers Portland, OR. The median rent here is $2,445/mo as of July 2026. A 1-bedroom rents for a median of $1,710/mo. A 2-bedroom rents for a median of $1,960/mo.

At 20% of local median household income ($145,671/yr), ZIP 97221 ranks as affordable compared to the national benchmark of 30%. Rents have increased 58.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97221?

As of July 20, 2026, the median monthly rent in ZIP 97221 (Portland, OR) is $2,445. This is based on aggregated data from public sources and community submissions.

How does ZIP 97221 rent compare to the US average?

ZIP 97221's median rent of $2,445/mo is $480 (24%) above the US national median of $1,965/mo.

How does ZIP 97221 compare to other ZIPs in Oregon?

ZIP 97221 is one of the pricier ZIP codes in Oregon, ranking #5 out of 116 ZIPs tracked at $2,445/mo.

How much income do you need to rent in ZIP 97221?

To keep rent at or below 30% of gross income, you would need to earn at least $98,000/year (~$47/hour full-time) to afford the median rent of $2,445/mo in ZIP 97221. The local median household income is $145,671/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97221?

Rent in ZIP 97221 has increased 58.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 97221 an affordable place to rent?

ZIP 97221 is considered very affordable for renters. At $2,445/mo, rent takes approximately 20% of the local median household income ($145,671/yr). The standard benchmark is 30%. ZIP 97221 falls comfortably within that range.

What percentage of ZIP 97221 residents rent vs. own?

According to Census data, approximately 28.8% of ZIP 97221 households are renters, while 71.2% are owner-occupied. ZIP 97221 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97221 compare to the rest of Portland?

ZIP 97221 is pricier than Portland as a whole. At $2,445/mo, it's $724 above the Portland citywide median of $1,721/mo.

When was rent data for ZIP 97221 last updated?

Rent data for ZIP 97221 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $2,445/mo, rent takes ~20% of ZIP 97221's median household income ($145,671/yr). The standard benchmark is 30%.

ZIP 97221 20%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97221 (Portland, OR)

Recent submissions

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