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Portland city, OR

ZIP 97220 — 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 97220

Median Home Value
$427,700
Median Rent
$1,245
Affordability Snapshot
$118,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,747/mo PITI).

22%
Rent-to-Income Ratio

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

6.2x
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 97220 in Portland city, OR, a household would need roughly $118,000 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 $2,747. That is about 71% above the local median household income ($68,976), 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
58.5%-10% vs US avg
x
Vacancy Rate
5.1%-51% vs US avg
x
Broadband Access
88.5%+2% vs US avg
x
4+ Bedrooms
3.0%-80% vs US avg
x
Built Pre-1939
16.8%+31% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
26.9%-46% vs US avg
x
Mortgage-Free
27.4%-28% vs US avg
x
$427,700
Home Value
$1,245
Rent
1959
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached66.9%
  • 1-unit attached2.6%
  • 2-9 units13.8%
  • 10+ units15.3%
  • Mobile home & other1.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$427,700
Median rent$1,245
Owner-occupied58.5%
Vacant5.1%
Price-to-income6.2x
Est. income to buy$118,000