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Portland city, OR

ZIP 97221 — 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 97221

Median Home Value
$789,700
Median Rent
$1,503
Affordability Snapshot
$217,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,073/mo PITI).

12%
Rent-to-Income Ratio

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

5.4x
Home Price-to-Income Ratio

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

43.8 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 97221 in Portland city, OR, a household would need roughly $217,000 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 $5,073. That is about 49% above the local median household income ($146,017), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
72.7%+11% vs US avg
x
Vacancy Rate
5.0%-51% vs US avg
x
Broadband Access
94.4%+8% vs US avg
x
4+ Bedrooms
11.8%-21% vs US avg
x
Built Pre-1939
6.7%-48% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
26.2%-47% vs US avg
x
Mortgage-Free
33.5%-12% vs US avg
x
$789,700
Home Value
$1,503
Rent
1969
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached78.5%
  • 1-unit attached2.1%
  • 2-9 units4.7%
  • 10+ units14.8%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$789,700
Median rent$1,503
Owner-occupied72.7%
Vacant5.0%
Price-to-income5.4x
Est. income to buy$217,000