US5.com
  1. Home
  2. States
  3. Oregon
  4. ZIP 97216
  5. Housing & Real Estate
Portland city, OR

ZIP 97216 — 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 97216

Median Home Value
$439,000
Median Rent
$1,291
Affordability Snapshot
$121,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,820/mo PITI).

22%
Rent-to-Income Ratio

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

6.1x
Home Price-to-Income Ratio

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

28.3 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 97216 in Portland city, OR, a household would need roughly $121,000 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 $2,820. That is about 68% above the local median household income ($71,951), 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
54.1%-17% vs US avg
x
Vacancy Rate
3.8%-63% vs US avg
x
Broadband Access
86.6%-1% vs US avg
x
4+ Bedrooms
3.3%-78% vs US avg
x
Built Pre-1939
9.0%-30% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
35.3%-29% vs US avg
x
Mortgage-Free
19.5%-49% vs US avg
x
$439,000
Home Value
$1,291
Rent
1968
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 detached56.5%
  • 1-unit attached4.4%
  • 2-9 units12.5%
  • 10+ units24.8%
  • Mobile home & other1.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$439,000
Median rent$1,291
Owner-occupied54.1%
Vacant3.8%
Price-to-income6.1x
Est. income to buy$121,000