{"id":54523,"date":"2017-10-06T00:25:51","date_gmt":"2017-10-06T07:25:51","guid":{"rendered":"https:\/\/www.rentcafe.com\/blog\/?p=54523"},"modified":"2017-11-01T04:27:17","modified_gmt":"2017-11-01T11:27:17","slug":"expensive-zip-codes-oregon-state","status":"publish","type":"post","link":"https:\/\/www.rentcafe.com\/blog\/rental-market\/market-snapshots\/expensive-zip-codes-oregon-state\/","title":{"rendered":"Oregon&#8217;s Most Expensive ZIP Codes \u2013 with $1.8K, Portland&#8217;s Pearl District, Nob Hill and the Northwest District Are Leading the Pack"},"content":{"rendered":"<p><em>Key takeaways:<\/em><\/p>\n<ul>\n<li><em>At $1,837, Oregon\u2019s #1 most expensive ZIP code for renters is 97209 in Portland<\/em><\/li>\n<li><em>Portland is home to 12 of the state\u2019s top 20 priciest ZIPs\u00a0<\/em><\/li>\n<li><em>Close to a quarter of Oregon ZIPs boast rents higher than the $1,350 national average<\/em><\/li>\n<li><em>4.8K new apartments are expected in the Portland\u2013Vancouver\u2013Hillsboro metro by end of 2017<\/em><\/li>\n<\/ul>\n<p>Although Millennial-friendly markets such as <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/denver-co\/\" target=\"_blank\" rel=\"noopener noreferrer\">Denver<\/a>, <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/austin-tx\/\" target=\"_blank\" rel=\"noopener noreferrer\">Austin<\/a>, <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/san-francisco-ca\/\" target=\"_blank\" rel=\"noopener noreferrer\">San Francisco<\/a> and <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/portland-or\/\" target=\"_blank\" rel=\"noopener noreferrer\">Portland<\/a> have seen <a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/apartment-rent-report\/rentcafe-apartment-market-report-july-2017\/\" target=\"_blank\" rel=\"noopener noreferrer\">apartment pricing trends decelerate<\/a> recently, 16 Oregon ZIPs passed the mid-year mark with rents above the national average of $1,350, according to <a href=\"https:\/\/www.yardimatrix.com\/Markets\" target=\"_blank\" rel=\"noopener noreferrer\">Yardi Matrix<\/a>. With the state average at <a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/real-estate-news\/expensive-zip-codes-u-s\/\" target=\"_blank\" rel=\"noopener noreferrer\">$1,273<\/a>, Oregon rent rates are comparable to Florida, Pennsylvania and Maine levels.<\/p>\n<p>Supply, however, is growing along with rent deceleration, with <a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/us-apartment-construction-at-a-20-year-high-in-2017\/\" target=\"_blank\" rel=\"noopener noreferrer\">4,802 new units to be delivered in the Portland-Vancouver-Hillsboro metro<\/a>, making it the 20<sup>th<\/sup> best market for new apartments in the U.S. At $1,837 per month, the state\u2019s top most expensive ZIP code for renters rivals the priciest ZIPs of Tennessee and South Carolina.<\/p>\n<p><strong>The interactive table below allows you to take a detailed look at Oregon\u2019s top 50 most expensive ZIP codes for renters. Use the search box or click on the header of each column to sort results according to your preferences. <\/strong><\/p>\n<h2 id=\"tablepress-124-name\" class=\"tablepress-table-name tablepress-table-name-id-124\">Top Most Expensive Zip Codes in Oregon in 2017<\/h2>\n\n<table id=\"tablepress-124\" class=\"tablepress tablepress-id-124\" aria-labelledby=\"tablepress-124-name\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">#<\/th><th class=\"column-2\">Zip Code<\/th><th class=\"column-3\">City<\/th><th class=\"column-4\">County<\/th><th class=\"column-5\">Average Rent<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">1<\/td><td class=\"column-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/us\/OR\/Multnomah-county\/97209\/\"target=_blank>97209<\/a><\/td><td class=\"column-3\">Portland<\/td><td class=\"column-4\">Multnomah<\/td><td class=\"column-5\">$1,837 <\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">2<\/td><td class=\"column-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/us\/OR\/Multnomah-county\/97217\/\"target=_blank>97217<\/a><\/td><td class=\"column-3\">Portland<\/td><td class=\"column-4\">Multnomah<\/td><td class=\"column-5\">$1,761 <\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">3<\/td><td class=\"column-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/us\/OR\/Multnomah-county\/97239\/\"target=_blank>97239<\/a><\/td><td class=\"column-3\">Portland<\/td><td class=\"column-4\">Multnomah<\/td><td class=\"column-5\">$1,703 <\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">4<\/td><td class=\"column-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/us\/OR\/Multnomah-county\/97201\/\"target=_blank>97201<\/a><\/td><td class=\"column-3\">Portland<\/td><td class=\"column-4\">Multnomah<\/td><td class=\"column-5\">$1,666 <\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">5<\/td><td class=\"column-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/us\/OR\/Multnomah-county\/97232\/\"target=_blank>97232<\/a><\/td><td class=\"column-3\">Portland<\/td><td class=\"column-4\">Multnomah<\/td><td class=\"column-5\">$1,643 <\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">6<\/td><td class=\"column-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/97205-or\/\"target=_blank>97205<\/a><\/td><td class=\"column-3\">Portland<\/td><td class=\"column-4\">Multnomah<\/td><td class=\"column-5\">$1,630 <\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">7<\/td><td class=\"column-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/97068-or\/\"target=_blank>97068<\/a><\/td><td class=\"column-3\">West Linn<\/td><td class=\"column-4\">Clackamas<\/td><td class=\"column-5\">$1,596 <\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">8<\/td><td class=\"column-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/us\/OR\/Multnomah-county\/97227\/\"target=_blank>97227<\/a><\/td><td class=\"column-3\">Portland<\/td><td class=\"column-4\">Multnomah<\/td><td class=\"column-5\">$1,590 <\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">9<\/td><td class=\"column-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/97210-OR\/\"target=_blank>97210<\/a><\/td><td class=\"column-3\">Portland<\/td><td class=\"column-4\">Multnomah<\/td><td class=\"column-5\">$1,484 <\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">10<\/td><td class=\"column-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/us\/OR\/Multnomah-county\/97214\/\"target=_blank>97214<\/a><\/td><td class=\"column-3\">Portland<\/td><td class=\"column-4\">Multnomah<\/td><td class=\"column-5\">$1,469 <\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">11<\/td><td class=\"column-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/97035-or\/\"target=_blank>97035<\/a><\/td><td class=\"column-3\">Lake Oswego<\/td><td class=\"column-4\">Clackamas<\/td><td class=\"column-5\">$1,465 <\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">12<\/td><td class=\"column-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/97124-or\/\"target=_blank>97124<\/a><\/td><td class=\"column-3\">Hillsboro<\/td><td class=\"column-4\">Washington<\/td><td class=\"column-5\">$1,447 <\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">13<\/td><td class=\"column-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/97212-OR\/\"target=_blank>97212<\/a><\/td><td class=\"column-3\">Portland<\/td><td class=\"column-4\">Multnomah<\/td><td class=\"column-5\">$1,434 <\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">14<\/td><td class=\"column-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/97140-or\/\"target=_blank>97140<\/a><\/td><td class=\"column-3\">Sherwood<\/td><td class=\"column-4\">Washington<\/td><td class=\"column-5\">$1,405 <\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\">15<\/td><td class=\"column-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/97229-or\/\"target=_blank>97229<\/a><\/td><td class=\"column-3\">Portland<\/td><td class=\"column-4\">Washington<\/td><td class=\"column-5\">$1,365 <\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\">16<\/td><td class=\"column-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/97006-or\/\"target=_blank>97006<\/a><\/td><td class=\"column-3\">Beaverton<\/td><td class=\"column-4\">Washington<\/td><td class=\"column-5\">$1,364 <\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\">17<\/td><td class=\"column-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/97123-or\/\"target=_blank>97123<\/a><\/td><td class=\"column-3\">Hillsboro<\/td><td class=\"column-4\">Washington<\/td><td class=\"column-5\">$1,349 <\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\">18<\/td><td class=\"column-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/97225-OR\/\"target=_blank>97225<\/a><\/td><td class=\"column-3\">Portland<\/td><td class=\"column-4\">Washington<\/td><td class=\"column-5\">$1,332 <\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\">19<\/td><td class=\"column-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/97070-OR\/\"target=_blank>97070<\/a><\/td><td class=\"column-3\">Wilsonville<\/td><td class=\"column-4\">Clackamas<\/td><td class=\"column-5\">$1,327 <\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\">20<\/td><td class=\"column-2\"><a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/97086-or\/\"target=_blank>97086<\/a><\/td><td class=\"column-3\">Happy Valley<\/td><td class=\"column-4\">Clackamas<\/td><td class=\"column-5\">$1,319 <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n<p>Boasting a monthly average rent of $1,837, Portland\u2019s <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/97209-or\/\" target=\"_blank\" rel=\"noopener noreferrer\">97209<\/a> is the <strong>#1 most expensive ZIP code for Oregon renters<\/strong>. It managed to keep its #1 spot from a year ago, although prices have contracted 2%. On the other hand, supply has grown significantly over the past few months in the priciest Portland districts\u2014apartment stock is up 9% in ZIP code 97209. Covering large parts of the\u00a0<a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/the-pearl-portland-or\/\" target=\"_blank\" rel=\"noopener noreferrer\">Pearl District<\/a>,\u00a0<a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/nob-hill-northwest-district-portland-or\/\" target=\"_blank\" rel=\"noopener noreferrer\">Nob Hill and the Northwest District<\/a>, and even Old Town Portland, the ZIP boasts some of the most expensive apartments statewide. Luxury options include the pet-friendly\u00a0<a href=\"https:\/\/www.rentcafe.com\/apartments\/or\/portland\/bridgetown-lofts\/default.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">Bridgetown Lofts<\/a>,\u00a0<a href=\"https:\/\/www.rentcafe.com\/apartments\/or\/portland\/kearney-plaza\/default.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">Kearney Plaza<\/a>, where units go for up to $7,000+, and\u00a0<a href=\"https:\/\/www.rentcafe.com\/apartments\/or\/portland\/the-louisa\/default.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">The Louisa<\/a>\u2014top units here fetch over $8K.<\/p>\n<p>Speaking of top markets for new deliveries, Portland\u2019s <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/97217-or\/\" target=\"_blank\" rel=\"noopener noreferrer\">97217<\/a> boosted its stock 35% year-over-year, making this Oregon\u2019s top ZIP code for new apartments. The massive injection of new units has brought rent averages down by 2% compared to the year-ago figure, but 97217 remains firmly entrenched as <strong>Oregon\u2019s #2 top most expensive ZIP<\/strong>, with the average rent slipping to $1,761.<\/p>\n<p>Boasting a monthly average rent of $1,703, <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/97239-or\/\" target=\"_blank\" rel=\"noopener noreferrer\">97239<\/a> in <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/southwest-portland-neighborhoods-portland-or\/\" target=\"_blank\" rel=\"noopener noreferrer\">Southwest Portland<\/a> is the <strong>3<sup>rd<\/sup> most expensive ZIP code in Oregon<\/strong>, climbing on the podium due to a 2% rent growth. All while also expanding its supply by 13% over the past 12 months. Pricey apartments here include <a href=\"https:\/\/www.rentcafe.com\/apartments\/or\/portland\/sanctuary\/default.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">Sanctuary apartments<\/a> and <a href=\"https:\/\/www.rentcafe.com\/apartments\/or\/portland\/oxbow49\/default.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">Oxbow49<\/a>, both with units that ask rents reaching and even exceeding $4K.<\/p>\n<p>Overall, thanks to the Portland-Vancouver-Hillsboro metropolitan area\u2019s ever-expanding population\u2014up 1.7% between 2015-2016\u2014and a growing job market\u2014up 1.8% over the year-ago figure\u2014, Portland is one the most dynamic apartment markets in the country.<\/p>\n<p><strong>97209 in Portland is the most expensive ZIP code in Oregon, with the average rent clocking in at $1,837.\u00a0 Curious to see if other states\u2019 priciest ZIPs can take Oregon on? Just move your cursor to another state boundary or hover over the price bar to see which states are in the same price range. <\/strong><\/p>\n<p><script id=\"infogram_0_most_expensive_zip_code_in_each_state\" title=\"Most Expensive ZIP Code in each state\" src=\"\/\/e.infogr.am\/js\/dist\/embed.js?0aT\" type=\"text\/javascript\"><\/script><\/p>\n<h6>Methodology<\/h6>\n<ul>\n<li>Data compilation, analysis, and mapping done by <a href=\"https:\/\/www.rentcafe.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">RentCafe<\/a> using rent and construction data provided by <a href=\"http:\/\/www.yardimatrix.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Yardi Matrix<\/a>, a RentCafe sister company.<\/li>\n<li>The average rent figures in this article were calculated from the actual rents charged in apartment buildings with at least 50 rental units, located in 125 U.S. markets, totaling approximately 15 million apartment units.<\/li>\n<li>ZIP codes with less than 200 rental units and less than 3 properties were excluded from the calculations.<\/li>\n<li>Rent prices are for apartments only, no single-family homes or townhomes were included.<\/li>\n<\/ul>\n<div class=\"usagerights\">\n<div class=\"fairuse\">\n<h3>Fair use and redistribution<\/h3>\n<p>We encourage you and freely grant you permission to reuse, host, or repost the images in this article. When doing so, we only ask that you kindly attribute the authors by linking to <a href=\"https:\/\/www.rentcafe.com\" target=\"_blank\" rel=\"noopener noreferrer\">RentCafe.com<\/a> or this page, so that your readers can learn more about this project, the research behind it and its methodology. For more in-depth, customized data, please contact us at <a href=\"mailto:media@rentcafe.com\" target=\"_blank\" rel=\"noopener noreferrer\">media@rentcafe.com<\/a>.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Key takeaways: At $1,837, Oregon\u2019s #1 most expensive ZIP code for renters is 97209 in Portland Portland is home to 12 of the state\u2019s top 20 priciest ZIPs\u00a0 Close to a quarter of Oregon ZIPs boast rents higher than the $1,350 national average 4.8K new apartments are expected in the Portland\u2013Vancouver\u2013Hillsboro metro by end of&hellip;<\/p>\n","protected":false},"author":35,"featured_media":54725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3661,3659],"tags":[],"class_list":["post-54523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-snapshots","category-rental-market","gallery-content-unit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Check out the Most Expensive ZIP Codes in Oregon<\/title>\n<meta name=\"description\" content=\"Oregon rents are mostly below the national level, but the state has some really hot areas. Can you guess where? See the most expensive ZIP codes in Oregon:\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/market-snapshots\/expensive-zip-codes-oregon-state\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oregon&#039;s Most Expensive ZIP Codes \u2013 with $1.8K, Portland&#039;s Pearl District, Nob Hill and the Northwest District Are Leading the Pack\" \/>\n<meta property=\"og:description\" content=\"Oregon rents are mostly below the national level, but the state has some really hot areas. Can you guess where? See the most expensive ZIP codes in Oregon:\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/market-snapshots\/expensive-zip-codes-oregon-state\/\" \/>\n<meta property=\"og:site_name\" content=\"RentCafe rental blog\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-06T07:25:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-11-01T11:27:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2017\/08\/most-expensive-zip-codes-in-oregon-portland-skyline.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"890\" \/>\n\t<meta property=\"og:image:height\" content=\"395\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Balazs Szekely\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Balazs Szekely\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/market-snapshots\/expensive-zip-codes-oregon-state\/\",\"url\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/market-snapshots\/expensive-zip-codes-oregon-state\/\",\"name\":\"Check out the Most Expensive ZIP Codes in Oregon\",\"isPartOf\":{\"@id\":\"https:\/\/www.rentcafe.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/market-snapshots\/expensive-zip-codes-oregon-state\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/market-snapshots\/expensive-zip-codes-oregon-state\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2017\/08\/most-expensive-zip-codes-in-oregon-portland-skyline.jpg\",\"datePublished\":\"2017-10-06T07:25:51+00:00\",\"dateModified\":\"2017-11-01T11:27:17+00:00\",\"author\":{\"@id\":\"https:\/\/www.rentcafe.com\/blog\/#\/schema\/person\/623e95293ca6c6791bedc7473f548d7f\"},\"description\":\"Oregon rents are mostly below the national level, but the state has some really hot areas. 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