Zip lookup · OR

97201
Portland, Oregon.

Portland, Multnomah County, OR · Portland-Vancouver-Hillsboro, OR-WA metro · population 16,887

What it costs per month · 97201 $2,210/mo

to buy the typical home at today's mortgage rate — +$470 (+27%) since Jan 2020.

What the home itself did
1 year
Down $11,865 -3%
$432,994$421,128 since Sep 2025
5 years
Down $89,403 -18%
$510,531$421,128 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.

$500 $1,000 $1,500 $2,000 $2,500 2002 2006 2010 2014 2018 2022 2026 97201 $2,210 United States $1,922
$500 $1,000 $1,500 $2,000 $2,500 2002 2010 2018 2026
  • 97201$2,210
  • United States$1,922

At the last five years' pace, prices here aren't rising.

Typical home values in zip 97201 fell 2.7% over the past year — slower than the nation's +1.2%.

Asking rents in zip 97201 rose 1.2% over the past year — slower than the nation's +2.7%.

Owning the typical home in zip 97201 runs $1,410/mo more than renting one. The gap peaked at $1,991 in Oct 2023.

That is $2,998 a month against $1,588 rent: a $2,210 mortgage payment, plus $337 property tax and $451 insurance & upkeep.

Owning vs renting — zip 97201

The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.

$1,500 $2,000 $2,500 $3,000 $3,500 2018 2020 2022 2024 2026 Owning all in $2,998 Renting $1,588 Mortgage only $2,210
$1,500 $2,000 $2,500 $3,000 $3,500 2018 2022 2026
  • Owning all in$2,998
  • Renting$1,588
  • Mortgage only$2,210

Property tax · $337/mo 0.96% of value a year — the ACS 2020-2024 median bill over the median home value for Multnomah County, OR

Insurance & upkeep · $451/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.

Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.

Zillow also publishes an index for the city itself: Portland, OR — measured over the city limits, which is a different area from this zip.

Asking rent $1,588 as of Sep 2026
+1.2%year on year
Typical home value $421,128 as of Sep 2026
-2.7%year on year

Asking rent — 97201

Against the Portland-Vancouver-Hillsboro, OR-WA metro and the national benchmark.

$1,250 $1,500 $1,750 2018 2020 2022 2024 2026 97201 $1,588 Portland $1,803 United States $1,932
$1,250 $1,500 $1,750 2018 2022 2026
  • 97201$1,588
  • Portland$1,803
  • United States$1,932

Typical home value — 97201

Mid-tier homes, smoothed and seasonally adjusted.

$200,000 $300,000 $400,000 $500,000 2018 2020 2022 2024 2026 97201 $421,128 Portland $539,403 United States $366,157
$200,000 $300,000 $400,000 $500,000 2018 2022 2026
  • 97201$421,128
  • Portland$539,403
  • United States$366,157

Within 20 miles

Showing 30 of 71 zips in range — sorting picks from all 71.

10 mi 20 mi 50 mi
Miles Zip City Population Rent Home value
1.0 97205 Portland 9,121 $1,617 $491,292
1.3 97239 Portland 17,804 $1,899 $590,098
1.6 97209 Portland 22,296 $1,806 $342,301
2.0 97221 Portland 12,915 $2,192 $745,874
2.2 97214 Portland 27,714 $1,628 $671,763
2.6 97227 Portland 5,665 $1,497 $548,829
2.7 97232 Portland 15,615 $1,561 $653,726
2.8 97202 Portland 43,533 $1,676 $622,201
3.4 97212 Portland 28,042 $2,340 $783,545
3.6 97210 Portland 11,324 $1,562 $683,098
3.8 97219 Portland 42,430 $1,857 $627,484
3.9 97225 Portland 25,869 $1,751 $734,012
4.4 97215 Portland 17,296 $1,672 $645,726
4.8 97206 Portland 49,890 $1,902 $461,375
4.8 97213 Portland 31,408 $1,643 $545,752
5.7 97005 Beaverton 28,311 $1,845 $479,405
5.7 97211 Portland 33,769 $2,074 $556,760
5.8 97222 Portland 36,398 $1,835 $485,295
6.2 97217 Portland 35,169 $1,592 $490,288
6.4 97223 Portland 50,527 $1,811 $581,911
6.4 97216 Portland 16,638 $1,688 $419,027
6.4 97008 Beaverton 28,611 $1,767 $554,789
6.4 97218 Portland 15,428 $2,099 $470,606
6.5 97229 Portland 76,106 $2,223 $723,247
6.6 97266 Portland 35,423 $1,757 $393,446
6.8 97035 Lake Oswego 25,911 $2,098 $724,185
6.8 97034 Lake Oswego 21,331 $2,832 $1,108,477
7.0 97220 Portland 27,202 $1,583 $420,163
7.5 97203 Portland 33,116 $1,689 $442,289
7.8 97267 Portland 31,311 $1,678 $533,174

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.