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Portland city, OR

ZIP 97230 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97230

Median Home Value
$435,800
Median Rent
$1,372
Affordability Snapshot
$120,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,799/mo PITI).

23%
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.

26.5 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 97230 in Portland city, OR, a household would need roughly $120,000 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 $2,799. That is about 70% above the local median household income ($70,582), 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
62.6%-4% vs US avg
x
Vacancy Rate
6.1%-41% vs US avg
x
Broadband Access
88.8%+2% vs US avg
x
4+ Bedrooms
3.6%-75% vs US avg
x
Built Pre-1939
1.9%-85% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
35.9%-28% vs US avg
x
Mortgage-Free
31.9%-16% vs US avg
x
$435,800
Home Value
$1,372
Rent
1975
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 detached61.8%
  • 1-unit attached7.6%
  • 2-9 units13.0%
  • 10+ units16.7%
  • Mobile home & other0.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$435,800
Median rent$1,372
Owner-occupied62.6%
Vacant6.1%
Price-to-income6.2x
Est. income to buy$120,000