Portland-Vancouver-Hillsboro, OR-WA · Oregon
Multnomah County
ZIP 97024
803,863 residents1,560 permits TTM$86,247 median HHI34 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$528,000
ACS 5-Year
Cap rate proxy
3.6%
FMR × 0.65 ÷ Home Value
Rent-to-income
22.0%
HUD FMR ÷ ACS HHI
Net migration
+3.25%
IRS SOI
Permits (TTM)
1,560
Census BPS
Climate risk
98.5
FEMA NRI (0–100)
ZIP 97024
Median home value
—
Gross yield
—
Cap rate
4.5%
Rent gap
—
Affordability
P/I: 5.5R/I: 24.8%
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown34 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 97209 | — | — | — | 6.1% | — |
| 97203 | — | — | — | 4.6% | — |
| 97206 | — | — | — | 4.8% | — |
| 97201 | — | — | — | 4.4% | — |
| 97218 | — | — | — | 5.2% | — |
Ranked by composite score
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Demographics
Owner-occupied
54.1%
Census ACS
Vacancy rate
5.5%
Census ACS
Bachelor's degree +
48.6%
Census ACS
Rent burdened
50.0%
Census ACS (>30% income)
Median age
38.5
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026