ZIP 97205 vs ZIP 97217

97205 is one of 34 ZIP codes that lie mostly in Multnomah County, OR.

Shaded by typical home value, it ranks 16 of the 31 with a value.

1 school location in 97205: 1 high.

In alphabetical order: Lincoln High School. Locations only — no ratings are shown here.

97217 is one of 34 ZIP codes that lie mostly in Multnomah County, OR.

Shaded by typical home value, it ranks 17 of the 31 with a value.

7 school locations in 97217: 3 elementary, 3 middle, 1 high.

In alphabetical order: Beach Elementary School, Chief Joseph Elementary School, Jefferson High School, Ockley Green Middle School, and more on the ZIP page. Locations only — no ratings are shown here.

In January 2000 the typical home in 97205 was worth $238,605.

Values peaked at $565,685 in May 2018. The latest reading is −12.7% from that peak.

As of August 2026: $493,667, +2.9% over twelve months.

Start with the typical home: $493,667. Put 20% down and borrow $394,934 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $2,734 a month in principal and interest.

The median household here earns $58,943 a year, $4,912 a month. So the payment takes 55.7% of income — rated “severe” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 26.9% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $1,429.

In December 2020, with rates at 2.68%, it was $1,721.

By August 2026, at 6.67%, it was $2,540 — +48% since December 2020, while the home's value moved −7%.

Reported values rose +107% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $470,912. So the real change is +5%, not +107%.

97205: +107% since January 2000.

Multnomah County: +210% since January 2000.

Oregon: +225% since January 2000 — 97205 ran behind it by 118 points.

Against 400 Oregon ZIP codes, 97205 sits at the 11th percentile for affordability (price vs local income).

86th for appreciation (recent value growth); 64th for rental yield (rent vs price).

Owning the typical home costs about $3,228 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,586 a month.

Price divided by a year's rent: 25.9. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

In January 2000 the typical home in 97217 was worth $130,145.

Values peaked at $561,724 in June 2022. The latest reading is −12.1% from that peak.

As of August 2026: $493,617, 0.0% over twelve months.

Start with the typical home: $493,617. Put 20% down and borrow $394,894 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $2,734 a month in principal and interest.

The median household here earns $100,387 a year, $8,366 a month. So the payment takes 32.7% of income — rated “stretched” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 8.6% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $779.

In December 2020, with rates at 2.68%, it was $1,559.

By August 2026, at 6.67%, it was $2,540 — +63% since December 2020, while the home's value moved +3%.

Reported values rose +279% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $256,855. So the real change is +92%, not +279%.

97217: +279% since January 2000.

Multnomah County: +210% since January 2000.

Oregon: +225% since January 2000 — 97217 ran ahead of it by 54 points.

Against 400 Oregon ZIP codes, 97217 sits at the 79th percentile for affordability (price vs local income).

33rd for appreciation (recent value growth); 64th for rental yield (rent vs price).

Owning the typical home costs about $3,228 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,653 a month.

Price divided by a year's rent: 24.9. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 10 a month (Redfin, 3-month rolling data through August 2026).

On the shelf — homes for sale at the end of the period: 53.

Going out — closed sales: about 9 a month. The drain is drawn 34% narrower: the share of homes for sale that sell each month is 66% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 6.1 months of supply — above the 4–6 month balanced range. In the basin, that is the water level against the shaded balanced band.

The net reading: about 2 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 9 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 7 — so sales ran at 129% of it, and below it in 15 of the last 24 months.

Across Multnomah County, builders pulled permits for 1,594 new homes in 2025.

Of those, 62% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 59 a month (Redfin, 3-month rolling data through August 2026). That is 77% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 155.

Going out — closed sales: about 53 a month. That is 81% of the 2015–2019 level for the same months. The drain is drawn 22% narrower: the share of homes for sale that sell each month is 78% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 2.9 months of supply — below the 4–6 month range Lotvox treats as balanced. In the basin, that is the water level against the shaded balanced band.

The net reading: about 6 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 53 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 56 — so sales ran at 95% of it, and below it in 24 of the last 24 months.

Across Multnomah County, builders pulled permits for 1,594 new homes in 2025.

Of those, 62% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

This ZIP sits in Multnomah County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 14,284 moved in. Among the ten receiving the most, 16,162 moved out.

Net across those counties: −1,878 households. Beside it, homes for sale in this ZIP: 53 in June 2026.

Most arrivals came from Washington, OR (4,318 households); most departures went to Clackamas, OR (4,847).

This ZIP sits in Multnomah County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 14,284 moved in. Among the ten receiving the most, 16,162 moved out.

Net across those counties: −1,878 households. Beside it, homes for sale in this ZIP: 155 in June 2026.

Most arrivals came from Washington, OR (4,318 households); most departures went to Clackamas, OR (4,847).