ZIP Code · OR

ZIP 97222

Part of Milwaukie, OR

Pop. 36,398·Clackamas County·49th most expensive ZIP in Oregon

Median rent (all units)

$1,835/mo

Year-over-Year

+2.2%

Month-over-Month

+0.7%

vs US Median

-$97

Reported rents

Rising (Monthly)

Be the first to discuss 97222 rents ↓

Most AffordableMost Expensive

ZIP 97222 · $1,835

More expensive than 51% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,530

1 BR

$1,630

2 BR

$1,870

3 BR

$2,550

4 BR+

$3,020

Research median

$1,870/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in ZIP 97222 usually run 1.8% below trend in February and 1.5% above it in September, about $61 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 97222 is at its highest level since Zillow's records here began in November 2017.

Past year vs. the rest of Oregon

Rent in ZIP 97222 changed +2.2% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 97222 rose 32.1% while median household income rose 37.8% ($60,318 to $83,119). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 97222 is 29.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 6 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($83,119) is $2,078 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,870); a 3-bedroom is $2,550.

Cheaper nearby

ZIP 97214, 5 miles away, rents for 11% less ($1,628/mo), about $2,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 97222. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$22,020/yr

At $1,835/mo median

Location

CityMilwaukie

StateOR

CountyClackamas County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.2% YoY, +0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 97222 (Milwaukie, OR) is majority owner-occupied, 39.5% of residents hold a bachelor's degree or higher.

Population

36,398

Median income

$83,119

Median age

Renters

43.7%

Age distribution

17.7%

21.6%

29.6%

19.1%

Under 1817.7%

18–3421.6%

35–5429.6%

55–6412%

65+19.1%

Gender

50.4%

49.6%

Male50.4%

Female49.6%

Race & ethnicity

78.2%

White78.2%

Black2%

Hispanic11%

Asian2.7%

Other6%

Education (25+)

19.4%

36.3%

39.5%

No HS diploma4.8%

HS diploma19.4%

Some college36.3%

Bachelor's+39.5%

Housing tenure

56.3%

43.7%

Owner56.3%

Renter43.7%

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

2021 vs 2026

How ZIP 97222 in Milwaukie, OR has changed in 5 years

Rent

$1,467 → $1,835

up 25.1%

Income

$68,366 → $83,119

up 21.6%

Population

36,639 → 36,398

down 0.7%

Renter share

45.1% → 43.7%

-1.4 pts

Bachelor's+

36% → 39.5%

+3.5 pts

Median age

39.3 → 41

+1.7 yrs

Across the past five years, the going rent in ZIP 97222 in Milwaukie, OR has shifted from $1,467 to $1,835, up 25.1% since 2021. Census figures show median household income at $83,119 today, compared with $68,366 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Bachelor's-degree-or-higher attainment moved from 36% to 39.5% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

Discussions about ZIP 97222

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 97222

About renting in ZIP 97222

Last updated: October 17, 2026

ZIP code 97222 covers Milwaukie, OR. The median rent here is $1,835/mo as of October 2026. A 1-bedroom rents for a median of $1,630/mo. A 2-bedroom rents for a median of $1,870/mo.

At 26% of local median household income ($83,119/yr), ZIP 97222 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97222?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (about $35/hour full-time) to afford the median rent of $1,835/mo in ZIP 97222. The local median household income is $83,119/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97222?

Rent in ZIP 97222 has risen 2.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in November 2017.

When is the cheapest time to rent in ZIP 97222?

Asking rents in ZIP 97222 are usually lowest in February, about 1.8% below their yearly trend, and highest in September, about 1.5% above it. At today's median that is a gap of roughly $61 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 97222?

No. From 2019 to 2024, rent in ZIP 97222 rose 32.1% while median household income rose 37.8%, from $60,318 to $83,119. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 97222 compare to other ZIPs in Oregon?

ZIP 97222 is in the middle among Oregon ZIP codes for rent, ranking #49 of 114 at $1,835/mo. Over the year to September 2026, rent in ZIP 97222 changed +2.2%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.