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Portland city, OR

ZIP 97217 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97217

Median Home Value
$569,500
Median Rent
$1,659
Affordability Snapshot
$157,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,658/mo PITI).

20%
Rent-to-Income Ratio

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

5.7x
Home Price-to-Income Ratio

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

28.6 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 97217 in Portland city, OR, a household would need roughly $157,000 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 $3,658. That is about 56% above the local median household income ($100,387), 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
57.5%-12% vs US avg
x
Vacancy Rate
4.9%-52% vs US avg
x
Broadband Access
93.8%+8% vs US avg
x
4+ Bedrooms
2.7%-82% vs US avg
x
Built Pre-1939
8.8%-31% vs US avg
x
Built Post-2014
1.3%-81% vs US avg
x
Rent Burden >30%
19.3%-61% vs US avg
x
Mortgage-Free
26.6%-30% vs US avg
x
$569,500
Home Value
$1,659
Rent
1951
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached58.9%
  • 1-unit attached5.9%
  • 2-9 units12.7%
  • 10+ units19.5%
  • Mobile home & other3.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$569,500
Median rent$1,659
Owner-occupied57.5%
Vacant4.9%
Price-to-income5.7x
Est. income to buy$157,000