The story of this market
The typical home in ZIP 97204 sells for about $1,925,000, or $1,559 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $807 a month.
ZIP 97204 — Portland
The 97204 housing market is a low-volume, high-price urban core characterized by a very limited inventory of active listings. Market activity is driven by high-density condominium sales and rental demand, with little turnover compared to residential neighborhoods. Current conditions reflect a stable but niche market focused on downtown living.
This ZIP is best suited for urban professionals and commuters who prioritize walkability and proximity to the city's central business and entertainment districts over traditional family-oriented suburban space.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 120 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 95% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 19.0% · poverty 44.9% — elevated distress and economic pressure.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 97204, Multnomah County, OR
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area experiences higher rates of property crime typical of dense urban downtown cores compared to suburban regional averages.
Public schools serving this downtown core are part of Portland Public Schools, with quality ratings varying significantly by specific school site.
The area is located in a low-to-moderate flood risk zone near the Willamette River and faces standard urban insurance requirements for high-density residential structures.
Development is focused on high-density mixed-use urban infill and the revitalization of the central business district, supported by proximity to major transit hubs.
Property taxes are assessed by Multnomah County based on real market value, subject to Oregon's constitutional limits on assessed value growth.
This ZIP is the central employment core of Portland, offering exceptional walkability and immediate access to MAX Light Rail and bus transit lines.
Residents have immediate access to Tom McCall Waterfront Park, numerous downtown museums, theaters, and the extensive dining and shopping districts of the central city.
The rental market is characterized by high-density apartment living with significant inventory of luxury and historic units, experiencing stable demand from urban professionals.
The economy is anchored by the downtown central business district, featuring a mix of government, professional services, and hospitality sectors.
The area serves as the primary hub for the TriMet MAX Light Rail system and regional bus network, providing high-frequency transit connectivity.
Ongoing urban renewal projects focus on the continued densification of the downtown core and improvements to public transit infrastructure.
Multnomah County Assessment and Taxation manages property valuations, adhering to state-mandated assessment cycles and tax limitation measures.
Parcels are subject to Portland Public Schools, Multnomah County, and various municipal service districts including urban renewal areas.
Property insurance premiums in this urban core are influenced by high-density construction types and proximity to riverfront flood zones.
Data derived from ZCTA 97204 census profiles and historical records.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Hopscotch Portland4.80.9 mi
- Oaks Amusement Park4.43.1 mi
- Langer's Entertainment Center4.413.2 mi
- Bullwinkle's4.415 mi
- Sky Zone Trampoline Park3.86.5 mi
- Moda Center4.51.1 mi
- Providence Park4.60.9 mi
- Oregon Convention Center4.51 mi
- Revolution Hall4.61 mi
- Portland Art Museum4.60.5 mi
- Powell's City of Books4.90.6 mi
- Oregon Zoo4.52.1 mi
- Portland Japanese Garden4.61.7 mi
- The Grotto4.75.4 mi
- Providence Park4.60.9 mi
- Portland Japanese Garden4.61.7 mi
- OMSI4.50.7 mi
- The Grotto4.75.4 mi
- Hopscotch Portland4.80.9 mi
- Portland Art Museum4.60.5 mi
- Portland Japanese Garden4.61.7 mi
- The Grotto4.75.4 mi
- International Rose Test Garden4.81.6 mi
- Laurelhurst Park4.72.2 mi
- Mt. Tabor Park4.83.8 mi
- Portland Yacht Club4.75.9 mi
- Riverplace Marina4.60.5 mi
- Tomahawk Bay Marina4.36.1 mi
- Tidewater Cove Marina4.57.2 mi
- Columbia Crossings46.1 mi
- Topgolf Hillsboro4.512.5 mi
- RedTail Golf Center46.4 mi
- Heron Lakes Golf Course4.16.2 mi
- Glendoveer Golf & Tennis4.47.5 mi
- Eastmoreland Golf Course4.33.3 mi
- Washington Square4.47 mi
- Clackamas Town Center4.37.4 mi
- Vancouver Mall4.210.6 mi
- Uwajimaya Beaverton4.75.8 mi
- Bridgeport Village4.49.2 mi
- Portland International Airport4.56.2 mi
- Providence Saint Vincent Hospital Heliport4.64.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major urban park along the Willamette River hosting festivals and recreation.
The oldest art museum on the West Coast located in the heart of the city.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.