ZIP 97211 vs ZIP 97227

97211 is one of 34 ZIP codes that lie mostly in Multnomah County, OR.

Shaded by typical home value, it ranks 12 of the 31 with a value.

5 school locations in 97211: 2 elementary, 2 middle, 1 high.

In alphabetical order: Alliance High School, Dr. Martin Luther King Jr. School, Faubion Elementary School, Vernon Elementary School, and more on the ZIP page. Locations only — no ratings are shown here.

97227 is one of 34 ZIP codes that lie mostly in Multnomah County, OR.

Shaded by typical home value, it ranks 13 of the 31 with a value.

3 school locations in 97227: 2 elementary, 1 middle.

In alphabetical order: Boise-Eliot Elementary School, Harriet Tubman Middle School, Kairos PDX. Locations only — no ratings are shown here.

In January 2000 the typical home in 97211 was worth $142,765.

Values peaked at $627,167 in June 2022. The latest reading is −10.6% from that peak.

As of August 2026: $560,540, +0.6% over twelve months.

Start with the typical home: $560,540. Put 20% down and borrow $448,432 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $3,105 a month in principal and interest.

The median household here earns $109,604 a year, $9,134 a month. So the payment takes 34.0% 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 8.7% 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 $855.

In December 2020, with rates at 2.68%, it was $1,733.

By August 2026, at 6.67%, it was $2,884 — +66% since December 2020, while the home's value moved +5%.

Reported values rose +293% 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 $281,761. So the real change is +99%, not +293%.

97211: +293% since January 2000.

Multnomah County: +210% since January 2000.

Oregon: +225% since January 2000 — 97211 ran ahead of it by 67 points.

Against 400 Oregon ZIP codes, 97211 sits at the 74th percentile for affordability (price vs local income).

48th for appreciation (recent value growth); 72nd for rental yield (rent vs price).

Owning the typical home costs about $3,665 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $2,048 a month.

Price divided by a year's rent: 22.8. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

In January 2000 the typical home in 97227 was worth $131,636.

Values peaked at $667,043 in June 2022. The latest reading is −17.1% from that peak.

As of August 2026: $553,029, −2.7% over twelve months.

Start with the typical home: $553,029. Put 20% down and borrow $442,423 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $3,063 a month in principal and interest.

The median household here earns $79,161 a year, $6,597 a month. So the payment takes 46.4% 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 11.1% 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 $788.

In December 2020, with rates at 2.68%, it was $1,839.

By August 2026, at 6.67%, it was $2,845 — +55% since December 2020, while the home's value moved −3%.

Reported values rose +320% 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 $259,797. So the real change is +113%, not +320%.

97227: +320% since January 2000.

Multnomah County: +210% since January 2000.

Oregon: +225% since January 2000 — 97227 ran ahead of it by 95 points.

Against 400 Oregon ZIP codes, 97227 sits at the 23rd percentile for affordability (price vs local income).

5th for appreciation (recent value growth); 43rd for rental yield (rent vs price).

Owning the typical home costs about $3,616 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,536 a month.

Price divided by a year's rent: 30.0. 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 48 a month (Redfin, 3-month rolling data through August 2026). That is 71% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 74.

Going out — closed sales: about 45 a month. That is 77% of the 2015–2019 level for the same months.

The ladder: homes for sale ÷ monthly sales = 1.6 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 3 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 45 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 52 — so sales ran at 87% of it, and below it in 23 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).

Homes sold: about 2 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 4 — so sales ran at 50% of it, and below it in 12 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: 74 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: 13 in June 2026.

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