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ZIP Code · OR

ZIP 97239

Part of Portland, OR
Pop. 17,804·Multnomah County·27th most expensive ZIP in Oregon
Median rent (all units)
$1,919/mo
Year-over-Year
+5.2%
Month-over-Month
+2.6%
vs US Median
-$46
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 97239 · $1,919
More expensive than 56% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,810
1 BR
$1,940
2 BR
$2,220
3 BR
$3,030
4 BR+
$3,590
Research median
$2,220/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
$23,028/yr
At $1,919/mo median
Location
StateOR
CountyMultnomah County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.2% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.2% YoY, +2.6% MoM), not inventory.
Demographics

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.

Population
17,804
Median income
$110,134
Median age
39.3
Renters
55.5%
Age distribution
14.7%
28.3%
26.7%
20.4%
Under 1814.7%
18–3428.3%
35–5426.7%
55–649.9%
65+20.4%
Gender
46.2%
53.8%
Male46.2%
Female53.8%
Race & ethnicity
77.6%
White77.6%
Black3.1%
Hispanic10.3%
Asian6%
Other3.1%
Education (25+)
19%
75.3%
No HS diploma1.1%
HS diploma4.6%
Some college19%
Bachelor's+75.3%
Housing tenure
44.5%
55.5%
Owner44.5%
Renter55.5%

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

2021 vs 2026

How ZIP 97239 in Portland, OR has changed in 5 years

Rent
$1,595 → $1,919
up 20.3%
Income
$96,477 → $110,134
up 14.2%
Population
18,620 → 17,804
down 4.4%
Renter share
53.6% → 55.5%
+1.9 pts
Bachelor's+
75% → 75.3%
+0.3 pts
Median age
38.8 → 39.3
+0.5 yrs

The median rent in ZIP 97239 in Portland, OR stood at $1,595 in 2021 and currently runs about $1,919, reflecting a 20.3% 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. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. 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.

Community

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Local insights

Tips for renters in ZIP 97239

About renting in ZIP 97239

Last updated: July 20, 2026

ZIP code 97239 covers Portland, OR. The median rent here is $1,919/mo as of July 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 increased 5.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97239?

As of July 20, 2026, the median monthly rent in ZIP 97239 (Portland, OR) is $1,919. This is based on aggregated data from public sources and community submissions.

How does ZIP 97239 rent compare to the US average?

ZIP 97239's median rent of $1,919/mo is $46 (2%) below the US national median of $1,965/mo.

How does ZIP 97239 compare to other ZIPs in Oregon?

ZIP 97239 is one of the pricier ZIP codes in Oregon, ranking #27 out of 116 ZIPs tracked at $1,919/mo.

How much income do you need to rent in ZIP 97239?

To keep rent at or below 30% of gross income, you would need to earn at least $77,000/year (~$37/hour full-time) to afford the median rent of $1,919/mo in ZIP 97239. The local median household income is $110,134/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97239?

Rent in ZIP 97239 has increased 5.2% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 97239 an affordable place to rent?

ZIP 97239 is considered very affordable for renters. At $1,919/mo, rent takes approximately 21% of the local median household income ($110,134/yr). The standard benchmark is 30%. ZIP 97239 falls comfortably within that range.

What percentage of ZIP 97239 residents rent vs. own?

According to Census data, approximately 55.5% of ZIP 97239 households are renters, while 44.5% are owner-occupied. With a majority renter population, ZIP 97239 has a strong rental market.

How does ZIP 97239 compare to the rest of Portland?

ZIP 97239 is pricier than Portland as a whole. At $1,919/mo, it's $198 above the Portland citywide median of $1,721/mo.

When was rent data for ZIP 97239 last updated?

Rent data for ZIP 97239 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,919/mo, rent takes ~21% of ZIP 97239's median household income ($110,134/yr). The standard benchmark is 30%.

ZIP 97239 21%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

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