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Portland city, OR

ZIP 97201 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97201

Median Home Value
$648,400
Median Rent
$1,468
Affordability Snapshot
$178,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,165/mo PITI).

26%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

9.7x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

36.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 97201 in Portland city, OR, a household would need roughly $178,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,165. That is about 165% above the local median household income ($67,074), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
29.2%-55% vs US avg
x
Vacancy Rate
10.7%+4% vs US avg
x
Broadband Access
93.3%+7% vs US avg
x
4+ Bedrooms
2.4%-84% vs US avg
x
Built Pre-1939
2.2%-83% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
25.1%-50% vs US avg
x
Mortgage-Free
39.9%+4% vs US avg
x
$648,400
Home Value
$1,468
Rent
1985
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached13.9%
  • 1-unit attached3.0%
  • 2-9 units6.1%
  • 10+ units76.4%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$648,400
Median rent$1,468
Owner-occupied29.2%
Vacant10.7%
Price-to-income9.7x
Est. income to buy$178,000