Where rents are falling in the Portland area
Rents, 1-year change, September 2026 · Zillow ZORI (Sep 2026), seasonally adjusted (Zillow) · updated 2026-11-15
Rents fell over the past year in 15 of the 74 ZIP codes in the Portland area with figures; the median change was +1.0%.
The largest fall was 4.6% in ZIP code 97024 (Fairview, OR), and the tenth-largest was 0.5% in ZIP code 97233 (Centennial, Portland, OR).
Rents rose 1.2% across the Portland area and rose 2.9% nationally over the same 12 months.
Where rents are falling in the Portland area: the 15
| Rank | ZIP code | Rents, 1-year change | Typical rent (monthly) | Home values, 1-year change |
|---|---|---|---|---|
| 1 | 97024Fairview, OR | −4.6% | $1,705 | −1.2% |
| 2 | 97003Beaverton, OR | −2.9% | $1,915 | −2.5% |
| 3 | 97055Sandy, OR | −2.5% | $1,858 | 0.0% |
| 4 | 98665Vancouver, WA | −2.0% | $1,768 | +0.1% |
| 5 | 97078Beaverton, OR | −1.6% | $1,923 | −2.3% |
| 6 | 98662Vancouver, WA | −1.6% | $1,808 | −0.2% |
| 7 | 97205Forest Park, Portland, OR | −1.5% | $1,617 | +3.3% |
| 8 | 97216Hazelwood, Portland, OR | −1.4% | $1,688 | +0.7% |
| 9 | 98663Vancouver, WA | −1.3% | $1,688 | +0.6% |
| 10 | 97233Centennial, Portland, OR | −0.5% | $1,487 | −0.2% |
| 11 | 97239Hillsdale, Portland, OR | −0.5% | $1,899 | 0.0% |
| 12 | 97215Mount Tabor, Portland, OR | −0.4% | $1,672 | +3.2% |
| 13 | 97220Parkrose, Portland, OR | −0.4% | $1,583 | +0.2% |
| 14 | 97007Beaverton, OR | −0.2% | $1,917 | −1.6% |
| 15 | 98685Vancouver, WA | −0.2% | $2,468 | −0.4% |
- Under 0.0%
- 0.0% to +1.0%
- +1.0% to +1.5%
- +1.5% to +3.0%
- +3.0% or more
- Not ranked
More rankings for the Portland area
- Cheapest ZIP codes
- Most expensive ZIP codes
- Where home prices are falling
- Where home prices are rising fastest
- Cheapest rent by ZIP code
- Highest rent by ZIP code
- Where rents are rising fastest
- Richest ZIP codes (household income)
- Cheapest suburbs
- Most expensive suburbs
- Richest suburbs (household income)
- Largest suburbs (population)
- Portland metro area: all figures
Where rents are falling in other metro areas
- New York, NY
- Los Angeles, CA
- Chicago, IL
- Dallas, TX
- Houston, TX
- Atlanta, GA
- Washington, DC
- Miami, FL
- Philadelphia, PA
- Phoenix, AZ
- Boston, MA
- Seattle, WA
- Minneapolis, MN
- Tampa, FL
- San Diego, CA
- Denver, CO
- Orlando, FL
- Charlotte, NC
- Baltimore, MD
- San Antonio, TX
- Austin, TX
- Sacramento, CA
- Las Vegas, NV
- Cincinnati, OH
- Nashville, TN
- Louisville, KY
- Memphis, TN
- Salt Lake City, UT
Source and method
Rents, 1-year change: Zillow ZORI (Sep 2026), seasonally adjusted (Zillow); figures for September 2026. ZIP codes with at least 1,000 residents and a published figure are ranked (74 of them in the Portland area). This page lists only the 15 where the figure fell. The metro area is the Portland-Vancouver-Hillsboro, OR-WA metropolitan statistical area. Place names for ZIP codes are the neighborhood or city the ZIP code mostly covers. Compiled by Home Economics.
Zillow's "typical" home value and rent are index values for the middle of the market (the Zillow Home Value Index and Observed Rent Index), not median sale prices or asking rents. One-year changes are over the 12 months to September 2026. Income and population come from the Census Bureau's American Community Survey and carry sampling error, most of all in small places.