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Portland city, OR

ZIP 97233 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97233

Median Home Value
$385,100
Median Rent
$1,188
Affordability Snapshot
$106,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,474/mo PITI).

26%
Rent-to-Income Ratio

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

7.0x
Home Price-to-Income Ratio

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

27.0 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 97233 in Portland city, OR, a household would need roughly $106,000 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 $2,474. That is about 93% above the local median household income ($54,886), 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
49.1%-25% vs US avg
x
Vacancy Rate
6.9%-33% vs US avg
x
Broadband Access
90.0%+3% vs US avg
x
4+ Bedrooms
2.4%-84% vs US avg
x
Built Pre-1939
3.2%-75% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
38.1%-23% vs US avg
x
Mortgage-Free
24.9%-35% vs US avg
x
$385,100
Home Value
$1,188
Rent
1974
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached49.0%
  • 1-unit attached5.2%
  • 2-9 units19.7%
  • 10+ units23.8%
  • Mobile home & other2.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$385,100
Median rent$1,188
Owner-occupied49.1%
Vacant6.9%
Price-to-income7.0x
Est. income to buy$106,000