ZIP 97227
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 97227 usually run 1.8% below trend in January and 1.9% above it in August, about $55 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 97227 is 0% below its high of $1,497 in February 2023, at $1,497 as of September 2026.
Rent in ZIP 97227 changed +2.6% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.
From 2019 to 2024, rent in ZIP 97227 rose 9.7% while median household income rose 31% ($71,232 to $93,293). Income kept ahead of rent.
Rent in ZIP 97227 is 12.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 5 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($93,293) is $2,332 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,930); a 3-bedroom is $2,630.
2nd cheapest of 27 ZIP codes in Portland.
From Zillow's monthly rent index (ZORI) for ZIP 97227. 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.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 97227 in Portland, OR has changed in 5 years
Five years ago, renters in ZIP 97227 in Portland, OR paid around $1,334 a month. That figure now sits near $1,497, up 12.2% 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.
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Tips for renters in ZIP 97227
Last updated: October 17, 2026
ZIP code 97227 covers Portland, OR. The median rent here is $1,497/mo as of October 2026. A 1-bedroom rents for a median of $1,176/mo. A 2-bedroom rents for a median of $1,351/mo.
At 19% of local median household income ($93,293/yr), ZIP 97227 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.6% over the past year.
Frequently asked questions
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How does ZIP 97227 compare to the rest of Portland?
At $1,497/mo, rent takes ~19% of ZIP 97227's median household income ($93,293/yr). The standard benchmark is 30%.
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