97231
Portland, Oregon.
Portland, Multnomah County, OR · Portland-Vancouver-Hillsboro, OR-WA metro · population 4,308
to buy the typical home at today's mortgage rate — +$1,584 (+78%) since Jan 2020.
- 1 year
- Up $11,181 +2%
- $675,478$686,659 since Sep 2025
- 5 years
- Up $29,951 +5%
- $656,708$686,659 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 97231$3,604
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 78 years.
Typical home values in zip 97231 rose 1.7% over the past year — faster than the nation's +1.2%.
This zip spans 3 counties: Multnomah County, OR 73% · Columbia County, OR 25% · Washington County, OR 2%
Zillow also publishes an index for the city itself: Portland, OR — measured over the city limits, which is a different area from this zip.
Typical home value — 97231
Mid-tier homes, smoothed and seasonally adjusted.
- 97231$686,659
- Portland$539,403
- United States$366,157
Within 20 miles
Showing 30 of 62 zips in range — sorting picks from all 62.
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 4.6 | 98660 | Vancouver | 13,212 | $1,964 | $457,715 |
| 6.4 | 97203 | Portland | 33,116 | $1,689 | $442,289 |
| 7.0 | 98685 | Vancouver | 30,607 | $2,468 | $581,747 |
| 8.2 | 98663 | Vancouver | 16,202 | $1,688 | $464,521 |
| 8.3 | 98665 | Vancouver | 28,910 | $1,768 | $490,270 |
| 8.6 | 97217 | Portland | 35,169 | $1,592 | $490,288 |
| 9.1 | 97229 | Portland | 76,106 | $2,223 | $723,247 |
| 9.6 | 97124 | Hillsboro | 54,357 | $1,911 | $528,005 |
| 9.7 | 97133 | North Plains | 5,416 | — | $558,273 |
| 10.1 | 97056 | Scappoose | 12,795 | $1,584 | $480,844 |
| 10.1 | 98661 | Vancouver | 50,743 | $1,668 | $448,062 |
| 10.2 | 97210 | Portland | 11,324 | $1,562 | $683,098 |
| 10.3 | 98686 | Vancouver | 21,243 | $2,083 | $581,916 |
| 10.3 | 98642 | Ridgefield | 26,816 | $2,384 | $655,614 |
| 10.4 | 97053 | Warren | 3,634 | — | $639,425 |
| 10.9 | 97006 | Beaverton | 46,463 | $1,921 | $487,797 |
| 11.6 | 97211 | Portland | 33,769 | $2,074 | $556,760 |
| 11.9 | 97227 | Portland | 5,665 | $1,497 | $548,829 |
| 12.1 | 98662 | Vancouver | 37,723 | $1,808 | $473,232 |
| 12.5 | 97003 | Beaverton | 27,811 | $1,915 | $476,924 |
| 12.5 | 97209 | Portland | 22,296 | $1,806 | $342,301 |
| 12.7 | 97225 | Portland | 25,869 | $1,751 | $734,012 |
| 12.8 | 97205 | Portland | 9,121 | $1,617 | $491,292 |
| 12.8 | 98664 | Vancouver | 23,845 | $1,682 | $464,852 |
| 13.0 | 97212 | Portland | 28,042 | $2,340 | $783,545 |
| 13.2 | 97218 | Portland | 15,428 | $2,099 | $470,606 |
| 13.2 | 97005 | Beaverton | 28,311 | $1,845 | $479,405 |
| 13.6 | 97221 | Portland | 12,915 | $2,192 | $745,874 |
| 13.7 | 97201 | Portland | 16,887 | $1,588 | $421,128 |
| 13.8 | 97232 | Portland | 15,615 | $1,561 | $653,726 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.