Most Affordable ZIP Codes in Portland-Vancouver-Hillsboro, OR-WA (2026)
The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 97396 | Willamina, OR | $365,327 | $1,620 | 3.46% | 3.7% |
| 2 | 97064 | Vernonia, OR | $392,484 | $1,620 | 3.22% | 2.2% |
| 3 | 97122 | Hebo, OR | $396,271 | $1,458 | 2.87% | 3.8% |
| 4 | 97378 | Sheridan, OR | $400,978 | $1,620 | 3.15% | 2.8% |
| 5 | 97016 | Clatskanie, OR | $411,395 | $1,620 | 3.07% | 3.3% |
| 6 | 97049 | Rhododendron, OR | $424,929 | $1,773 | 3.25% | 3.5% |
| 7 | 97048 | Rainier, OR | $425,135 | $1,620 | 2.97% | 2.3% |
| 8 | 97051 | Saint Helens, OR | $429,852 | $1,698 | 3.08% | 2.3% |
| 9 | 98605 | Bingen, WA | $437,551 | $1,620 | 2.89% | 3.5% |
| 10 | 97067 | Welches, OR | $456,695 | $1,665 | 2.84% | 3.5% |
| 11 | 98661 | Vancouver, WA | $458,601 | $1,721 | 2.93% | 2.6% |
| 12 | 98610 | Carson, WA | $459,767 | $1,620 | 2.75% | 2.8% |
| 13 | 97108 | Beaver, OR | $459,955 | $1,458 | 2.47% | 2.5% |
| 14 | 97127 | Lafayette, OR | $462,157 | $1,620 | 2.73% | 2.7% |
| 15 | 97347 | Grand Ronde, OR | $463,165 | $1,620 | 2.73% | 3.5% |
| 16 | 98664 | Vancouver, WA | $474,644 | $1,634 | 2.69% | 2.6% |
| 17 | 98660 | Vancouver, WA | $474,826 | $1,951 | 3.20% | 3.0% |
| 18 | 97024 | Fairview, OR | $477,291 | $1,759 | 2.87% | 2.1% |
| 19 | 98663 | Vancouver, WA | $479,118 | $1,746 | 2.84% | 3.2% |
| 20 | 98662 | Vancouver, WA | $483,418 | $1,838 | 2.97% | 2.9% |
| 21 | 97060 | Troutdale, OR | $484,895 | $1,747 | 2.81% | 2.1% |
| 22 | 97018 | Columbia City, OR | $485,508 | $1,620 | 2.60% | 2.9% |
| 23 | 98684 | Vancouver, WA | $489,947 | $1,958 | 3.12% | 2.6% |
| 24 | 97038 | Molalla, OR | $499,038 | $1,945 | 3.04% | 2.5% |
| 25 | 98682 | Vancouver, WA | $500,292 | $1,690 | 2.63% | 2.9% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Portland-Vancouver-Hillsboro, OR-WA · Appreciation in Portland-Vancouver-Hillsboro, OR-WA
Or see the full Portland-Vancouver-Hillsboro, OR-WA metro profile.