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ZIP Code · OR

ZIP 97227

Part of Portland, OR
Pop. 5,665·Multnomah County·92nd most expensive ZIP in Oregon
Median rent (all units)
$1,605/mo
Year-over-Year
-1.1%
Month-over-Month
+1.7%
vs US Median
-$360
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 97227 · $1,605
More affordable than 66% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,580
1 BR
$1,680
2 BR
$1,930
3 BR
$2,630
4 BR+
$3,120
Research median
$1,930/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
$19,260/yr
At $1,605/mo median
Location
StateOR
CountyMultnomah County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (1.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (-1.1% YoY, +1.7% MoM), not inventory.
Demographics

Who lives here

ZIP 97227 (Portland, OR) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 63.5% of residents hold a bachelor's degree or higher.

Population
5,665
Median income
$93,293
Median age
36.3
Renters
73.9%
Age distribution
38.8%
31.9%
Under 186.8%
18–3438.8%
35–5431.9%
55–6411.9%
65+10.6%
Gender
50.2%
49.8%
Male50.2%
Female49.8%
Race & ethnicity
67.3%
White67.3%
Black10%
Hispanic8.7%
Asian5.8%
Other8.2%
Education (25+)
13%
18.7%
63.5%
No HS diploma4.8%
HS diploma13%
Some college18.7%
Bachelor's+63.5%
Housing tenure
26.1%
73.9%
Owner26.1%
Renter73.9%

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

2021 vs 2026

How ZIP 97227 in Portland, OR has changed in 5 years

Rent
$1,421 → $1,605
up 12.9%
Income
$77,951 → $93,293
up 19.7%
Population
5,994 → 5,665
down 5.5%
Renter share
75% → 73.9%
-1.1 pts
Bachelor's+
66.4% → 63.5%
-2.9 pts
Median age
34.5 → 36.3
+1.8 yrs

Five years ago, renters in ZIP 97227 in Portland, OR paid around $1,421 a month. That figure now sits near $1,605, up 12.9% from the 2021 baseline. Local incomes tracked alongside that move, going from a median of $77,951 in 2021 to $93,293 more recently. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 97227 in Portland, OR losing about 329 residents over the five-year window, down 5.5% on net. Bachelor's-degree-or-higher attainment moved from 66.4% to 63.5% across the same window. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 97227 in Portland, OR market of 2021.

Community

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Local insights

Tips for renters in ZIP 97227

About renting in ZIP 97227

Last updated: July 20, 2026

ZIP code 97227 covers Portland, OR. The median rent here is $1,605/mo as of July 2026. A 1-bedroom rents for a median of $1,680/mo. A 2-bedroom rents for a median of $1,930/mo.

At 21% of local median household income ($93,293/yr), ZIP 97227 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97227?

As of July 20, 2026, the median monthly rent in ZIP 97227 (Portland, OR) is $1,605. This is based on aggregated data from public sources and community submissions.

How does ZIP 97227 rent compare to the US average?

ZIP 97227's median rent of $1,605/mo is $360 (18%) below the US national median of $1,965/mo.

How does ZIP 97227 compare to other ZIPs in Oregon?

ZIP 97227 is among the more affordable ZIP codes in Oregon, ranking #92 out of 116 ZIPs at $1,605/mo.

How much income do you need to rent in ZIP 97227?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (~$31/hour full-time) to afford the median rent of $1,605/mo in ZIP 97227. The local median household income is $93,293/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97227?

Rent in ZIP 97227 has decreased 1.1% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 97227 an affordable place to rent?

ZIP 97227 is considered very affordable for renters. At $1,605/mo, rent takes approximately 21% of the local median household income ($93,293/yr). The standard benchmark is 30%. ZIP 97227 falls comfortably within that range.

What percentage of ZIP 97227 residents rent vs. own?

According to Census data, approximately 73.9% of ZIP 97227 households are renters, while 26.1% are owner-occupied. With a majority renter population, ZIP 97227 has a strong rental market.

How does ZIP 97227 compare to the rest of Portland?

ZIP 97227 is more affordable than Portland overall. At $1,605/mo, it's $116 below the Portland citywide median of $1,721/mo.

When was rent data for ZIP 97227 last updated?

Rent data for ZIP 97227 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,605/mo, rent takes ~21% of ZIP 97227's median household income ($93,293/yr). The standard benchmark is 30%.

ZIP 97227 21%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97227 (Portland, OR)

Recent submissions

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