Real Estate Investing in Hood River, Oregon

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 19,145 • Hood River County

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Should you buy in Hood River, OR? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (44/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 9.2% vacancy may signal weakening demand.

What’s happening in Hood River, OR?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

2.7% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $720,580
Avg Monthly Rent $3,165
ZIP Codes 1

Investing in Hood River Real Estate

Hood River in Oregon is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

Hood River is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. firmly out-of-state investors should be especially careful with the assumptions they carry in.

Rents in Hood River at $3,165/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

Demographics in Hood River show real pressure — median income of $N/AK is lackluster relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Hood River, OR. Anonymous, moderated, never written by AI.

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Avg Home Value
$720,580
Avg Monthly Rent
$3,165
1% Rule
✗ Below
Landlord Friendly (OR)

📉 Market Crash Risk Index

Based on Hood River, OR metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
59%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Hood River, OR metro
0
Days to pending
7.6%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Hood River, OR

Screen every ZIP in Hood River

Filter Hood River’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Hood River, OR

What is the average home sale price in Hood River, OR?

Typical homes in Hood River, OR go for around $721K. The 5-year CAGR of 0.0% even-keeled price movement.

How strong is tenant demand in Hood River, OR?

Hood River, OR draws a measured base of working renters. Demand at the $3,165/mo rent level is reasonable for standard single-family and small multi rentals.

Is real estate in Hood River, OR a good investment right now?

Hood River, OR rates 3.0/5 for investability. With median values at $721K and rents near $3,165/mo, the market offers reasonable fundamentals for rental investors.

What is it like being a landlord in Hood River, OR?

OR ranks as a landlord-friendly state for landlord-tenant law. Hood River generally follows the statewide framework, so landlords face reasonable operating rules.

Can owner-occupants cash flow in Hood River, OR?

Hood River, OR offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $3,165/mo rent level.

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