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Home Insurance in 97205

Our rates are very competitive for homeowners living in the 97205 zip code. Many homeowners based out of Portland, OR have found it very easy to shop with GetHomeInsuranceQuotes.com. For example, we clearly showcase the carriers that we will shop for you. Plus, our home insurance quotes are free and our OR licensed agents can provide a free consultation service to you that allows you to ask questions about the rates and coverage options. To start a free home insurance quote, simply click the "Get Multiple Quotes Now" button. Your 97205 should appear in the zip code field ready to go.

97205 Average Home Insurance Rates

Are you looking for a standard HO-3 homeowners policy for your single family home in the Portland area? The average homeowners premium in 97205 is very low in comparison to other states. For example, the national average is $1,249 per year for home insurance coverage for a basic home insurance policy. For homeowners living in the 97205, you can expect to pay around $565 per year for homeowners coverage. If you want to see which company has the best rates and coverage options, than easily compare rates with us. You can review each premium and we can help explain any question that you may have about different types of coverages and what is best for you and your family.

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Get Home Insurance Quotes in 97205

We can shop up to 12 home insurance quotes for you easily online. You can find out more by exploring one of the three links below to review average homeowners insurance rates in the great state of Oregon. Start your 97205 home insurance shopping today!

  1. Portland, OR Home Insurance Quotes

97205 Home Insurance Average Premiums

Local 97205 homeowners insurance quotes comparison

$315 /yr.

Shows Zip Code: 97205 lowest rates with discounts applied on average.

For the 97205, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)		$315 /yr.
Average Coverage:$565 /yr.
2600 sq. ft. or higher
(all discounts applied)		$865 /yr.

What is the average home insurance cost for a home in 97205?

  • • The average homeowners insurance premium paid annually for a home in 97205 is around $565 per year.

What does it cost on average per month for home insurance in 97205?

  • • Homeowners in 97205 pay a monthly average cost per month around $47.00.

What kind of discount could I get if I combine my home and auto insurance together in 97205?

  • • Autoowners in 97205 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.

For shopping home insurance rates within the Portland area, check out other zip codes nearby 97205.
Review average rates in another zip code:
97212 homeowners insurance rates
97202 homeowners insurance rates
97219 homeowners insurance rates
97206 homeowners insurance rates
97231 homeowners insurance rates
97201 homeowners insurance rates
97216 homeowners insurance rates
97217 homeowners insurance rates
97233 homeowners insurance rates
97204 homeowners insurance rates

Home Replacement Cost Coverage in 97205

Average Building Cost Per Square Foot in 97205: $221

Location: Portland, Oregon (Multnomah County)

Average Square Footage in 97205: 2,509 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 97205 before you start any project. Portland homeowners pay on average around $221 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 97205 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Here is how you determine your replacement cost. If we take an average home in 97205 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,509 sq. ft. and the average cost to rebuild the home in this area is around $221 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Portland area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.

Home Improvement StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$2212,509$554,500
Additional Upgrades & Added Features$2762,509$693,125
Major Home Updates or Advancements$3322,509$831,750

It's important to understand that when you estimate your replacement cost of your home in the 97205 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.

Best Homeowners Insurance Agencies in 97205

Durham And Bates

Address: 720 SW Washington St Ste 250 Portland, OR 97205
Phone: (503)224-5170
Website: www.durhamandbates.com

Best Home & Auto Insurance Agencies in 97205

Durham And Bates

Address: 720 SW Washington St, #250 Portland, OR 97205
Phone:
Website: http://www.durhamandbates.com
Info:

Freeman- John E

Address: 910 SW 18th Ave Portland, OR 97205
Phone:
Website: http://www.johnfreeman.net
Info:

Housing Demographics for 97205

Population Review for 97205 Zip Code

For the city of Portland, the population within 97205 has increased to over 9,262 residents in population size. The current population total is 8,593. We have broken down the population based on race below. In 97205, there are over 4667 in male population and 3926 females.

PopulationValues
Total Population8,593
White Population6354
Black Population350
Hispanic Population819
Asian Population581
Hawaiian Population10
Indian Population92
Other Population283
Male Population4667
Female Population3926
Population Estimate9262

Household Data for 97205

The average number of homes in 97205 is around 5,701, there are an average of 1.44 per household. The average house value according to local real estate values is around $554,500. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode5,701
Persons Per Household1.44
Average House Value$554,500
Income Per Household$49708
Median Age39.0
Median Age Male40.0
Median Age Female37.6
97205 DetailsValues
StateOR
State Full NameOregon
City TypeP
City Alias Abbreviation
Area Code503/971
CityPortland
City Alias NamePORTLAND
CountyMultnomah
County FIPS051
State FIPS41
Time Zone8
Day Light SavingY
MSA6442
PMSA6440
CSA440
CBSA38900
CBSA_DIV
CBSA_TypeMetro
CBSA_NamePortland-Vancouver-Hillsboro, OR-WA
MSA_NamePortland-Salem, OR-WA CMSA
PMSA_NamePortland-Vancouver, OR-WA PMSA
RegionWest
DivisionPacific
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses1076
Number Of Employees16709
Business First Quarter Payroll316199
Business Annual Payroll1420910
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population2226009
CBSA Division Population0
Congressional District01
Congressional LandArea3007
Delivery Residential6432
Delivery Business1049
Delivery Total7461
Preferred Last Line KeyZ15411
Classification Code
Multi-County
CSA NamePortland-Vancouver-Salem, OR-WA
CBSA_DIV_Name
City State KeyZ15411
Land Area0.942000
Water Area0.003000
City Alias Code
City Mixed CasePortland
City Alias Mixed CasePortland
Box Count0
SFDU566
MFDU5836
State ANSI41
County ANSI051
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number406784
Unique ZIP Name
SSA State County Code38250
Medicare CBSA Code38900
Medicare CBSA NamePortland-Vancouver-Hillsboro, OR-WA
Medicare CBSA TypeMetro
Market Rating Area ID1
County Mixed CaseMultnomah

Oregon Homeowners Insurance News & Information

  • Homeowners Shopping Rates Due to Rise in Premiums Posted on Monday 23rd September, 2024

    According to the recently released J.D. Power 2024 U.S. Home Insurance Study a nationwide rise in premiums has driven many customers to shop for new policies as their rates are now too high.  “’The average shopping rate among home insurance customers has climbed to a record high of 6.8% through the second quarter of 2024, […]

  • Where is it cheaper to rent than to buy a home in the United States? Posted on Thursday 5th September, 2024

    According to a new study from Clever Real Estate, a St. Louis-based real estate company, monthly rent costs are actually cheaper than a monthly mortgage payment in 48 of the 50 most populous cities in the United States. Their analysis looked at mortgage principals, interest, taxes as well as homeowners insurance and they found that […]

  • Review How Many Homeowners Are Not Insured Per State Posted on Thursday 29th August, 2024

    One of the major costs of owning a home is protecting it with homeowners insurance. This will ensure your home is repaired or rebuilt if it is damage or destroyed by a covered peril. It also helps protect you against lawsuits, theft and even vandalism. If you have a mortgage on your home, your lender […]