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ZIP Code · OR

ZIP 97230

Part of Portland, OR
Pop. 43,553·Multnomah County·105th most expensive ZIP in Oregon
Median rent (all units)
$1,523/mo
Year-over-Year
Stable
Month-over-Month
+1.6%
vs US Median
-$442
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 97230 · $1,523
More affordable than 72% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,480
1 BR
$1,580
2 BR
$1,810
3 BR
$2,470
4 BR+
$2,930
Research median
$1,810/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
$18,276/yr
At $1,523/mo median
Location
StateOR
CountyMultnomah County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.1% YoY, +1.6% MoM), not inventory.
Demographics

Who lives here

ZIP 97230 (Portland, OR) is majority owner-occupied, 28.7% of residents hold a bachelor's degree or higher.

Population
43,553
Median income
$75,572
Median age
38.7
Renters
39%
Age distribution
21.3%
22.5%
25.4%
12.3%
18.5%
Under 1821.3%
18–3422.5%
35–5425.4%
55–6412.3%
65+18.5%
Gender
49.7%
50.3%
Male49.7%
Female50.3%
Race & ethnicity
52.4%
22.9%
White52.4%
Black11%
Hispanic22.9%
Asian11.5%
Other2.3%
Education (25+)
12.6%
27.3%
31.4%
28.7%
No HS diploma12.6%
HS diploma27.3%
Some college31.4%
Bachelor's+28.7%
Housing tenure
61%
39%
Owner61%
Renter39%

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

2021 vs 2026

How ZIP 97230 in Portland, OR has changed in 5 years

Rent
$1,263 → $1,523
up 20.6%
Income
$62,982 → $75,572
up 20.0%
Population
41,563 → 43,553
up 4.8%
Renter share
36.9% → 39%
+2.1 pts
Bachelor's+
27.9% → 28.7%
+0.8 pts
Median age
39.5 → 38.7
-0.8 yrs

Since 2021, the typical rent in ZIP 97230 in Portland, OR has climbed from $1,263 to $1,523, a 20.6% change over five years. On the earnings side, the typical household in ZIP 97230 in Portland, OR now reports about $75,572, up from $62,982 in 2021. The population has grown by 4.8% since 2021, moving from about 41,563 residents to roughly 43,553. Renters now make up 39% of households, compared with 36.9% five years ago. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 97230 in Portland, OR reflects that arc in its own way.

Community

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Local insights

Tips for renters in ZIP 97230

About renting in ZIP 97230

Last updated: July 20, 2026

ZIP code 97230 covers Portland, OR. The median rent here is $1,523/mo as of July 2026. A 1-bedroom rents for a median of $1,580/mo. A 2-bedroom rents for a median of $1,810/mo.

At 24% of local median household income ($75,572/yr), ZIP 97230 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97230?

As of July 20, 2026, the median monthly rent in ZIP 97230 (Portland, OR) is $1,523. This is based on aggregated data from public sources and community submissions.

How does ZIP 97230 rent compare to the US average?

ZIP 97230's median rent of $1,523/mo is $442 (22%) below the US national median of $1,965/mo.

How does ZIP 97230 compare to other ZIPs in Oregon?

ZIP 97230 is among the more affordable ZIP codes in Oregon, ranking #105 out of 116 ZIPs at $1,523/mo.

How much income do you need to rent in ZIP 97230?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (~$29/hour full-time) to afford the median rent of $1,523/mo in ZIP 97230. The local median household income is $75,572/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97230?

Rent in ZIP 97230 has been relatively stable over the past year, with a 0.1% change year over year as of July 20, 2026.

Is ZIP 97230 an affordable place to rent?

ZIP 97230 is considered very affordable for renters. At $1,523/mo, rent takes approximately 24% of the local median household income ($75,572/yr). The standard benchmark is 30%. ZIP 97230 falls comfortably within that range.

What percentage of ZIP 97230 residents rent vs. own?

According to Census data, approximately 39% of ZIP 97230 households are renters, while 61% are owner-occupied. ZIP 97230 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97230 compare to the rest of Portland?

ZIP 97230 is more affordable than Portland overall. At $1,523/mo, it's $198 below the Portland citywide median of $1,721/mo.

When was rent data for ZIP 97230 last updated?

Rent data for ZIP 97230 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $1,523/mo, rent takes ~24% of ZIP 97230's median household income ($75,572/yr). The standard benchmark is 30%.

ZIP 97230 24%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97230 (Portland, OR)

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