dynamic.RE
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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already +2.3% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −29.3% YoY, is the number to watch.
The median listing price is up 2.3% YoY while the median home got down 4.5% bigger, so value per square foot is up 9.6%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
Not shown: 5 BR (no price per sq ft reported).
At the median, a $450K purchase rents for $1,495/mo: 0.33% of price per month against the 1% rule's 1.00%.
Not shown: 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 86 days longer to go under contract than rentals (median across 2 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Manufactured (sold here, not rented), Multi-Family (sold here, not rented), Townhouse (rented here, not sold).
U.S. Census ACS characteristics for ZIP 97218 itself, not its parent county.
Renters hold 42.1% of this ZIP's 6,337 occupied households, on a median household income of $89K.
| Measure | ZIP 97218 | Multnomah County | Difference |
|---|---|---|---|
| Median Household Income | $89K | $89K | +$158 |
| Below Poverty Level | 14.8% | 12.6% | +2.2% |
| Median Age | 37.00 | 38.70 | -1.70 |
| Total Population | 15,428 | 801,477 | -- |
| Avg Household Size | 2.42 | 2.23 | +0.19 |
| Owner-Occupied | 57.9% | 53.4% | +4.6% |
| Worked From Home | 23.0% | 26.1% | -3.1% |
| Mean Commute | 24.20 | 24.40 | -0.20 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.3% to 801,477: residents under 18 are down 2.1% and those 65 and over are up 2.2%.
County median household income is $89K, 12.6% of residents are below the poverty level, 26.1% work from home.