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Portland city, OR

ZIP 97203 — 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 97203

Median Home Value
$468,600
Median Rent
$1,346
Affordability Snapshot
$129,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,010/mo PITI).

21%
Rent-to-Income Ratio

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

6.0x
Home Price-to-Income Ratio

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

29.0 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 97203 in Portland city, OR, a household would need roughly $129,000 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 $3,010. That is about 66% above the local median household income ($77,619), 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
58.9%-10% vs US avg
x
Vacancy Rate
3.9%-62% vs US avg
x
Broadband Access
94.0%+8% vs US avg
x
4+ Bedrooms
1.8%-88% vs US avg
x
Built Pre-1939
8.8%-31% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
24.0%-52% vs US avg
x
Mortgage-Free
19.3%-49% vs US avg
x
$468,600
Home Value
$1,346
Rent
1963
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 detached65.5%
  • 1-unit attached5.7%
  • 2-9 units15.8%
  • 10+ units12.4%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$468,600
Median rent$1,346
Owner-occupied58.9%
Vacant3.9%
Price-to-income6.0x
Est. income to buy$129,000