Renting in Portland costs about $1,585 a month, and the typical home is listed at $495,000. That puts the price-to-rent ratio at 26.0: a typical home costs as much as 26.0 years of rent.
Portland now and in 2031
| Now | 2031 (projected) | |
|---|---|---|
| Typical asking rent | $1,585/mo | $1,180/mo |
| Typical list price | $495,000 | $532,000 |
| Price-to-rent ratio | 26.0 | — |
Rent is projected at -5.7% a year, the trend in RentCast's median rents for these ZIP codes since mid-2024. For home values: The first 2 years follow this year's change in list prices (-2.7%); later years use the Federal Housing Finance Agency's house price index average for these ZIP codes from 2020 to 2025 (+4.3% a year). These are trends carried forward, not predictions of the next market turn.
How to read the price-to-rent ratio
The ratio divides the typical list price by a year of typical rent. A higher ratio means buying is expensive relative to renting; a lower one means monthly rent is high compared with what a home costs. It's a quick way to compare cities, not a verdict for your situation.
By ZIP code
| ZIP | Median rent | Rental listings | Median list price | Sale listings |
|---|---|---|---|---|
| 97206 | $1,595/mo | 212 | $450,000 | 289 |
| 97202 | $1,595/mo | 345 | $599,900 | 202 |
| 97219 | $1,700/mo | 194 | $627,500 | 375 |
| 97236 | $1,525/mo | 187 | $399,000 | 210 |
| 97233 | $1,445/mo | 190 | $398,000 | 170 |
| 97266 | $1,642/mo | 159 | $399,000 | 225 |
What this doesn't account for
Mortgage rates, your down payment, property taxes, insurance, HOA fees, maintenance, and how long you'll stay decide more than any city-wide figure. These are area numbers built from active listings; they don't know the specific home or your finances.
Source: RentCast market data for 6 of Portland's 25 ZIP codes (the most populous, home to 40% of residents in the city's ZIP codes, per the Census Bureau's ACS 2023). A ZIP counts only with at least 20 active listings. Retrieved October 15, 2026. Figures are listing-weighted averages of ZIP medians, not an appraisal. How Predictye calculates this.
Frequently asked questions
How much is rent in Portland, OR?
Typical asking rent is $1,585 a month, across 1,287 active rental listings in 6 ZIP codes.
How much do homes cost in Portland, OR?
The typical list price is $495,000, across 1,471 active sale listings in 6 ZIP codes. List prices are asking prices, not final sale prices.
What is the price-to-rent ratio in Portland, OR?
About 26.0: the typical list price equals 26.0 years of typical rent. The higher the ratio, the more buying costs relative to renting.