ACS 2021 release
2017-2021 five-year estimate
- Median home value B25077
- —Margin of error not available
- Median gross rent B25064
- $678Margin of error ±$19
- Population B01003
- 1,055Margin of error ±334
Rental market · ZIP 97204 · Portland, OR
ZIP 97204, Portland, OR rental market
Population 885 · Portland, Multnomah County, OR · ZIP Code Tabulation Area
Profile · ACS 2024 5-year
Not ranked
A survey home value and gross rent are not both available, so the affordability/yield inputs cannot be formed.
It stays searchable; available government estimates remain below (data tier: Profile).
Key metrics
885
Population ±16%
$807
Median gross rent (ACS, incl. utilities) ±26%
2.6%
Rental vacancy
95.2%
Renter share
1938
Median year built
88.6%
Multifamily (5+ units)
Market context
Trend context
Loading rent context…
View source data
Each point is one ACS 5-year estimate on the same 2020-Census ZCTA boundary. Adjacent releases overlap, so the release-to-release differences are not independent annual market movement.
| Series | 2017–2021 | 2018–2022 | 2019–2023 | 2020–2024 |
|---|---|---|---|---|
| Median home value B25077 | — | — | — | — |
| Median gross rent B25064 | $678 ±$19 | $737 ±$88 | $783 ±$115 | $807 ±$209 |
| Population B01003 | 1,055 ±334 | 1,008 ±171 | 932 ±156 | 885 ±140 |
ACS 2022 release
2018-2022 five-year estimate
- Median home value B25077
- —Margin of error not available
- Median gross rent B25064
- $737Margin of error ±$88
- Population B01003
- 1,008Margin of error ±171
ACS 2023 release
2019-2023 five-year estimate
- Median home value B25077
- —Margin of error not available
- Median gross rent B25064
- $783Margin of error ±$115
- Population B01003
- 932Margin of error ±156
ACS 2024 release
2020-2024 five-year estimate
- Median home value B25077
- —Margin of error not available
- Median gross rent B25064
- $807Margin of error ±$209
- Population B01003
- 885Margin of error ±140
Source: U.S. Census Bureau, American Community Survey 5-year, table-based Summary File (ZCTA geography); tables B25077 (median value), B25064 (median gross rent), and B01003 (population); estimate + margin of error. Missing releases remain gaps and are never interpolated. Home value is owner-reported; gross rent describes renter housing stock; population is a ZCTA estimate. Dollar figures are nominal.
Measured market data
Measured observations for this ZIP Code, published beside the government survey figures above rather than replacing them. They measure different things and will legitimately disagree: the ACS median home value is what owners report their home is worth in a 5-year survey, while ZHVI is a monthly index of typical home value; ACS median gross rent is what sitting tenants pay including utilities, while ZORI is an index of asking rent on newly listed units. ZORI does not correct the ACS rent; neither is a better version of the other. Monthly series, revised in recent months, observed 2026-07, not live.
| Market heat index | 60 |
|---|
Source: Zillow Economic Research public research data, observation month 2026-07. Zillow keys on USPS ZIP codes; this page is a 2020 Census ZCTA, related but not identical geographies, so a Zillow value is matched to this ZCTA by code and is not a statement that the two areas are the same. Zillow is not affiliated with, and does not endorse, Compounding Estates.
Underwrite with these as starting points
No ACS median value is published for this area, so nothing is pre-filled; every calculator input is editable. Owner-occupied median value and renter median gross rent describe different housing stock: the median-valued home is not the typical rental, so this is a screen, not a listing, appraisal, asking rent, cap rate, or forecast. Bring your own entry price and rent.
ZIP Codes bordering 97204
5 ZIP Code areas share a land boundary with 97204 in the official Census 2020 ZCTA map, ordered by shared-boundary length, not ZIP-number proximity or driving distance. 4 of them are in CE's ranked set and linked below; the rest are searchable from the ZIP Code explorer. No score or rank is shown here: open a profile for its own numbers.
Evidence, sources & limitations
Official geography: Portland city, Multnomah County. Analytical entity: the U.S. Census ZIP Code Tabulation Area (ZCTA) 97204, an approximation of the USPS ZIP delivery area, not its exact route boundaries. Model z2-gov-subscores-v1; data ACS 2024 5-year.
This ZIP Code area is primarily in Multnomah County, overlapping Portland, by land-area overlap from the official Census 2020 ZCTA relationship files (not population or address share).
| Population | survey ACS B01003 · ±16% MOE |
|---|---|
| Median gross rent (ACS, incl. utilities) | survey ACS B25064 · ±26% MOE |
| Rental vacancy | derived ACS B25004 E002 / (B25003 E003 + B25004 E002) |
| Renter share | derived ACS B25003 E003/E001 |
| Median year built | survey ACS B25035 |
| Multifamily (5+ units) | derived ACS B25024 (5+ unit structures / total) |
Class: survey = ACS estimate (with margin of error); derived = computed from ACS. The survey gross-rent yield is a proxy (renter gross rent vs owner-occupied value, different housing stock; ACS top-codes very high values/rents) and is not a cap rate. Subscores are national percentiles among data-eligible areas; ranks are competition-ranked with deterministic ties. No vendor, listing, parcel, or school data. Not investment advice.