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ZIP Code · OR

ZIP 97229

Part of Portland, OR
Pop. 76,106·Washington County·12th most expensive ZIP in Oregon
Median rent (all units)
$2,170/mo
Year-over-Year
+8.3%
Month-over-Month
+0.4%
vs US Median
+$205
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 97229 · $2,170
More expensive than 68% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,760
1 BR
$1,880
2 BR
$2,150
3 BR
$2,930
4 BR+
$3,480
Research median
$2,150/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
$26,040/yr
At $2,170/mo median
Location
StateOR
CountyWashington County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 8.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+8.3% YoY, +0.4% MoM), not inventory.
Demographics

Who lives here

ZIP 97229 (Portland, OR) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 69.5% of residents hold a bachelor's degree or higher.

Population
76,106
Median income
$161,570
Median age
38.4
Renters
30.2%
Age distribution
26.2%
18%
33.7%
Under 1826.2%
18–3418%
35–5433.7%
55–6410.4%
65+11.7%
Gender
50.2%
49.8%
Male50.2%
Female49.8%
Race & ethnicity
58.1%
27.6%
White58.1%
Black1.3%
Hispanic8.3%
Asian27.6%
Other4.7%
Education (25+)
18.5%
69.5%
No HS diploma1.9%
HS diploma10.1%
Some college18.5%
Bachelor's+69.5%
Housing tenure
69.8%
30.2%
Owner69.8%
Renter30.2%

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

2021 vs 2026

How ZIP 97229 in Portland, OR has changed in 5 years

Rent
$1,730 → $2,170
up 25.4%
Income
$137,006 → $161,570
up 17.9%
Population
72,974 → 76,106
up 4.3%
Renter share
30.2% → 30.2%
+0.0 pts
Bachelor's+
68.1% → 69.5%
+1.4 pts
Median age
37.8 → 38.4
+0.6 yrs

Since 2021, the typical rent in ZIP 97229 in Portland, OR has increased from $1,730 to $2,170, a 25.4% change over five years. Census figures show median household income at $161,570 today, compared with $137,006 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 4.3% since 2021, moving from about 72,974 residents to roughly 76,106. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

Tips for renters in ZIP 97229

About renting in ZIP 97229

Last updated: July 20, 2026

ZIP code 97229 covers Portland, OR. The median rent here is $2,170/mo as of July 2026. A 1-bedroom rents for a median of $1,880/mo. A 2-bedroom rents for a median of $2,150/mo.

At 16% of local median household income ($161,570/yr), ZIP 97229 ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97229?

As of July 20, 2026, the median monthly rent in ZIP 97229 (Portland, OR) is $2,170. This is based on aggregated data from public sources and community submissions.

How does ZIP 97229 rent compare to the US average?

ZIP 97229's median rent of $2,170/mo is $205 (10%) above the US national median of $1,965/mo.

How does ZIP 97229 compare to other ZIPs in Oregon?

ZIP 97229 is one of the pricier ZIP codes in Oregon, ranking #12 out of 116 ZIPs tracked at $2,170/mo.

How much income do you need to rent in ZIP 97229?

To keep rent at or below 30% of gross income, you would need to earn at least $87,000/year (~$42/hour full-time) to afford the median rent of $2,170/mo in ZIP 97229. The local median household income is $161,570/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97229?

Rent in ZIP 97229 has increased 8.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 97229 an affordable place to rent?

ZIP 97229 is considered very affordable for renters. At $2,170/mo, rent takes approximately 16% of the local median household income ($161,570/yr). The standard benchmark is 30%. ZIP 97229 falls comfortably within that range.

What percentage of ZIP 97229 residents rent vs. own?

According to Census data, approximately 30.2% of ZIP 97229 households are renters, while 69.8% are owner-occupied. ZIP 97229 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97229 compare to the rest of Portland?

ZIP 97229 is pricier than Portland as a whole. At $2,170/mo, it's $449 above the Portland citywide median of $1,721/mo.

When was rent data for ZIP 97229 last updated?

Rent data for ZIP 97229 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
16%
VERY AFFORDABLE

At $2,170/mo, rent takes ~16% of ZIP 97229's median household income ($161,570/yr). The standard benchmark is 30%.

ZIP 97229 16%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97229 (Portland, OR)

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