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Portland city, OR

ZIP 97218 — 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 97218

Median Home Value
$493,300
Median Rent
$1,225
Affordability Snapshot
$136,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,169/mo PITI).

18%
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.

33.6 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 97218 in Portland city, OR, a household would need roughly $136,000 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 $3,169. That is about 67% above the local median household income ($81,367), 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

Historic housing stock (21% built before 1939)

Owner Occupied
58.6%-10% vs US avg
x
Vacancy Rate
3.0%-70% vs US avg
x
Broadband Access
94.3%+8% vs US avg
x
4+ Bedrooms
1.4%-90% vs US avg
x
Built Pre-1939
21.4%+67% vs US avg
x
Built Post-2014
1.1%-83% vs US avg
x
Rent Burden >30%
17.6%-65% vs US avg
x
Mortgage-Free
30.5%-20% vs US avg
x
$493,300
Home Value
$1,225
Rent
1957
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 detached64.3%
  • 1-unit attached5.8%
  • 2-9 units18.4%
  • 10+ units6.6%
  • Mobile home & other5.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$493,300
Median rent$1,225
Owner-occupied58.6%
Vacant3.0%
Price-to-income6.1x
Est. income to buy$136,000