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Portland city, OR

ZIP 97214 — 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 97214

Median Home Value
$733,200
Median Rent
$1,499
Affordability Snapshot
$202,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,710/mo PITI).

21%
Rent-to-Income Ratio

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

8.4x
Home Price-to-Income Ratio

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

40.8 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 97214 in Portland city, OR, a household would need roughly $202,000 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 $4,710. That is about 133% above the local median household income ($86,879), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
33.5%-49% vs US avg
x
Vacancy Rate
6.3%-38% vs US avg
x
Broadband Access
93.2%+7% vs US avg
x
4+ Bedrooms
2.5%-83% vs US avg
x
Built Pre-1939
5.1%-60% vs US avg
x
Built Post-2014
1.3%-82% vs US avg
x
Rent Burden >30%
19.8%-60% vs US avg
x
Mortgage-Free
27.6%-28% vs US avg
x
$733,200
Home Value
$1,499
Rent
1938
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

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

  • 1-unit detached32.5%
  • 1-unit attached3.9%
  • 2-9 units23.6%
  • 10+ units39.9%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$733,200
Median rent$1,499
Owner-occupied33.5%
Vacant6.3%
Price-to-income8.4x
Est. income to buy$202,000