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Portland city, OR

ZIP 97212 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97212

Median Home Value
$824,800
Median Rent
$1,644
Affordability Snapshot
$227,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,298/mo PITI).

15%
Rent-to-Income Ratio

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

6.4x
Home Price-to-Income Ratio

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

41.8 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 97212 in Portland city, OR, a household would need roughly $227,000 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 $5,298. That is about 77% above the local median household income ($128,098), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
65.3%-0% vs US avg
x
Vacancy Rate
5.0%-51% vs US avg
x
Broadband Access
96.3%+11% vs US avg
x
4+ Bedrooms
8.0%-46% vs US avg
x
Built Pre-1939
4.7%-63% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
19.7%-60% vs US avg
x
Mortgage-Free
31.3%-18% vs US avg
x
$824,800
Home Value
$1,644
Rent
1938
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached66.8%
  • 1-unit attached5.1%
  • 2-9 units13.8%
  • 10+ units14.0%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$824,800
Median rent$1,644
Owner-occupied65.3%
Vacant5.0%
Price-to-income6.4x
Est. income to buy$227,000