ZIP 97239
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12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in ZIP 97239 usually run 2.3% below trend in February and 1.8% above it in July, about $78 a month apart at today's median. Based on 9 years of data.
Rent in ZIP 97239 is 1.4% below its high of $1,926 in February 2026, at $1,899 as of September 2026.
Rent in ZIP 97239 changed -0.5% 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 97239 rose 13% while median household income rose 17.8% ($93,459 to $110,134). Income kept ahead of rent.
Rent in ZIP 97239 is 16.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 2 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($110,134) is $2,753 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,220); a 3-bedroom is $3,030.
21st cheapest of 27 ZIP codes in Portland.
ZIP 97201, 1 mile away, rents for 16% less ($1,588/mo), about $3,700 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 97239. 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 97239 (Portland, OR) is majority renter-occupied, has a large retiree population, has a median income above the national average, 75.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 97239 in Portland, OR has changed in 5 years
The median rent in ZIP 97239 in Portland, OR stood at $1,671 in 2021 and currently runs about $1,899, reflecting a 13.6% increase over the period. On the earnings side, the typical household in ZIP 97239 in Portland, OR now reports about $110,134, up from $96,477 in 2021. The population has contracted by 4.4% since 2021, moving from about 18,620 residents to roughly 17,804. Renters now make up 55.5% of households, compared with 53.6% five years ago. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 97239 in Portland, OR reflects that arc in its own way.
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Tips for renters in ZIP 97239
Last updated: October 17, 2026
ZIP code 97239 covers Portland, OR. The median rent here is $1,899/mo as of October 2026. A 1-bedroom rents for a median of $1,940/mo. A 2-bedroom rents for a median of $2,220/mo.
At 21% of local median household income ($110,134/yr), ZIP 97239 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.5% over the past year.
Frequently asked questions
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How does ZIP 97239 compare to the rest of Portland?
At $1,899/mo, rent takes ~21% of ZIP 97239's median household income ($110,134/yr). The standard benchmark is 30%.
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