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ZIP Code · OR

ZIP 97233

Part of Portland, OR
Pop. 36,236·Multnomah County·101st most expensive ZIP in Oregon
Median rent (all units)
$1,561/mo
Year-over-Year
+0.3%
Month-over-Month
+1.1%
vs US Median
-$404
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 97233 · $1,561
More affordable than 69% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,470
1 BR
$1,580
2 BR
$1,800
3 BR
$2,470
4 BR+
$2,900
Research median
$1,800/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
$18,732/yr
At $1,561/mo median
Location
StateOR
CountyMultnomah County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.3% YoY, +1.1% MoM), not inventory.
Demographics

Who lives here

ZIP 97233 (Portland, OR) is roughly split between renters and owners, has a median income below the national average, 18.9% of residents hold a bachelor's degree or higher.

Population
36,236
Median income
$60,198
Median age
38
Renters
53%
Age distribution
21.9%
23.1%
29.1%
13.4%
12.5%
Under 1821.9%
18–3423.1%
35–5429.1%
55–6413.4%
65+12.5%
Gender
48.4%
51.6%
Male48.4%
Female51.6%
Race & ethnicity
56.6%
23.1%
White56.6%
Black7.2%
Hispanic23.1%
Asian9.4%
Other3.7%
Education (25+)
20.1%
29.3%
31.7%
18.9%
No HS diploma20.1%
HS diploma29.3%
Some college31.7%
Bachelor's+18.9%
Housing tenure
47%
53%
Owner47%
Renter53%

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

2021 vs 2026

How ZIP 97233 in Portland, OR has changed in 5 years

Income
$48,360 → $60,198
up 24.5%
Population
38,497 → 36,236
down 5.9%
Renter share
51.1% → 53%
+1.9 pts
Bachelor's+
16.6% → 18.9%
+2.3 pts
Median age
35.3 → 38
+2.7 yrs

On the earnings side, the typical household in ZIP 97233 in Portland, OR now reports about $60,198, up from $48,360 in 2021. Headcount in the area went from 38,497 to 36,236 between 2021 and 2024, a 5.9% change. About 53% of households rent today, against 51.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 16.6% to 18.9%.

Community

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Local insights

Tips for renters in ZIP 97233

About renting in ZIP 97233

Last updated: July 20, 2026

ZIP code 97233 covers Portland, OR. The median rent here is $1,561/mo as of July 2026. A 1-bedroom rents for a median of $1,580/mo. A 2-bedroom rents for a median of $1,800/mo.

At 31% of local median household income ($60,198/yr), ZIP 97233 ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97233?

As of July 20, 2026, the median monthly rent in ZIP 97233 (Portland, OR) is $1,561. This is based on aggregated data from public sources and community submissions.

How does ZIP 97233 rent compare to the US average?

ZIP 97233's median rent of $1,561/mo is $404 (21%) below the US national median of $1,965/mo.

How does ZIP 97233 compare to other ZIPs in Oregon?

ZIP 97233 is among the more affordable ZIP codes in Oregon, ranking #101 out of 116 ZIPs at $1,561/mo.

How much income do you need to rent in ZIP 97233?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (~$30/hour full-time) to afford the median rent of $1,561/mo in ZIP 97233. The local median household income is $60,198/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 97233?

Rent in ZIP 97233 has been relatively stable over the past year, with a 0.3% change year over year as of July 20, 2026.

Is ZIP 97233 an affordable place to rent?

ZIP 97233 is considered moderate for renters. At $1,561/mo, rent takes approximately 31% of the local median household income ($60,198/yr). The standard benchmark is 30%. ZIP 97233 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 97233 residents rent vs. own?

According to Census data, approximately 53% of ZIP 97233 households are renters, while 47% are owner-occupied. With a majority renter population, ZIP 97233 has a strong rental market.

How does ZIP 97233 compare to the rest of Portland?

ZIP 97233 is more affordable than Portland overall. At $1,561/mo, it's $160 below the Portland citywide median of $1,721/mo.

When was rent data for ZIP 97233 last updated?

Rent data for ZIP 97233 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
31%
MODERATE

At $1,561/mo, rent takes ~31% of ZIP 97233's median household income ($60,198/yr). The standard benchmark is 30%.

ZIP 97233 31%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97233 (Portland, OR)

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