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Portland city, OR

ZIP 97205 — Housing & Real Estate

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

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97205

Median Home Value
$693,600
Median Rent
$1,264
Affordability Snapshot
$191,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,456/mo PITI).

26%
Rent-to-Income Ratio

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

11.8x
Home Price-to-Income Ratio

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

45.7 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 97205 in Portland city, OR, a household would need roughly $191,000 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 $4,456. That is about 224% above the local median household income ($58,943), 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
19.8%-70% vs US avg
x
Vacancy Rate
7.5%-27% vs US avg
x
Broadband Access
86.9%-0% vs US avg
x
4+ Bedrooms
2.6%-83% vs US avg
x
Built Pre-1939
5.1%-60% vs US avg
x
Built Post-2014
2.9%-58% vs US avg
x
Rent Burden >30%
25.4%-49% vs US avg
x
Mortgage-Free
45.5%+19% vs US avg
x
$693,600
Home Value
$1,264
Rent
1961
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 detached10.2%
  • 1-unit attached1.1%
  • 2-9 units3.6%
  • 10+ units85.1%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$693,600
Median rent$1,264
Owner-occupied19.8%
Vacant7.5%
Price-to-income11.8x
Est. income to buy$191,000