Real Estate Investing in Clackamas County, Oregon

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

24 ZIP codes • Population: 414,101

Should you buy in Clackamas County, OR? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (42/100)

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

πŸ“ˆ For Investors
WEAK
2.7 / 5 (42/100)

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

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Clackamas County, OR?

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2.7/ 5

Investability

County-wide average

2.0/ 5

Appreciation

2.9% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $634,223
Avg Monthly Rent $1,905
ZIP Codes 24

Investing in Clackamas County Real Estate

Across Clackamas County's 24 ZIPs, the picture is muted β€” soft rents, slow appreciation, and demographic headwinds that don't obviously reverse in the medium term.

firmly Clackamas County's β˜…β˜…β˜…β˜†β˜† aggregate rating reflects underwhelming investor metrics across the board β€” soft rent growth, soft appreciation, and structural headwinds worth taking seriously.

Demographics in Clackamas show real pressure β€” $N/AK median income 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 Clackamas County, OR. Anonymous, moderated, never written by AI.

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Property managers serving Clackamas County

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Eagle Property Management is Portland's premier property management team, serving Portland and Lake Oswego, OR. summary from their website

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Illume Property Management and North Coast Property Management eliminate the stress of property ownership and remodeling in the Portland Metro Area and on the Oregon Coast. summary from their website

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Real Property Management helps protect investments, provides professional service, minimizes costs, and maximizes income for property owners. summary from their website

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Listings are shown for convenience β€” Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$634,223
Avg Monthly Rent
$1,905
1% Rule
βœ— Below
Landlord Friendly (OR)
β˜…β˜…β˜…β˜…β˜†

πŸŽ“ Colleges & Universities in Clackamas County

20 Colleges 61,308 Students 11,676 Off-Campus Renters
B
Reed College
4-Year Private Β· 1,458 students
B
Portland State University
4-Year Public Β· 20,519 students
πŸ“ ~3,283 students rent off-campus
B
Warner Pacific University
4-Year Private Β· 350 students
C+
University of Portland
4-Year Private Β· 3,457 students
C+
Lewis & Clark College
4-Year Private Β· 3,526 students
C+
Portland Actors Conservatory
2-Year Private Β· 13 students
C+
Phagans School of Hair Design
2-Year For-Profit Β· 203 students
C
Aveda Institute-Portland
2-Year For-Profit Β· 171 students
C
Oregon Health & Science University
4-Year Public Β· 2,877 students
C
Beau Monde Academy of Barbering and Cosmetology
Vocational For-Profit Β· 120 students
C
Multnomah University
4-Year Private Β· 532 students
C
Pacific Northwest College of Art
4-Year Private Β· 524 students
C
Portland Community College
2-Year Public Β· 20,033 students
πŸ“ ~8,393 students rent off-campus
C
Northwest College-Clackamas
2-Year For-Profit Β· 31 students
C
American College of Healthcare Sciences
4-Year For-Profit Β· 1,042 students
C
Clackamas Community College
2-Year Public Β· 5,153 students
C
Sumner College
4-Year For-Profit Β· 514 students
C
National University of Natural Medicine
4-Year Private Β· 372 students
C
Warner Pacific University Professional and Graduate Studies
4-Year Private Β· 280 students
C
Oregon College of Oriental Medicine
4-Year Private Β· 133 students

Investor Insight: With 11,676 students living off-campus, Clackamas County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Clackamas County

ZIP Codes in Clackamas County, OR

97045 β˜… β˜… β˜… β˜… β˜…
Oregon City
Population 57,432
Avg Home $604,521
Avg Rent $1,955/mo
97222 β˜… β˜… β˜… β˜… β˜…
Milwaukie
Population 36,643
Avg Home $498,067
Avg Rent $1,765/mo
97086 β˜… β˜… β˜… β˜… β˜…
Happy Valley
Population 33,685
Avg Home $687,167
Avg Rent $1,898/mo
97267 β˜… β˜… β˜… β˜… β˜…
Portland
Population 31,160
Avg Home $546,725
Avg Rent $1,669/mo
97068 β˜… β˜… β˜… β˜… β˜…
West Linn
Population 30,254
Avg Home $776,317
Avg Rent $2,376/mo
97070 β˜… β˜… β˜… β˜… β˜…
Wilsonville
Population 26,363
Avg Home $629,341
Avg Rent $1,750/mo
97035 β˜… β˜… β˜… β˜… β˜…
Lake Oswego
Population 25,875
Avg Home $749,111
Avg Rent $2,090/mo
97015 β˜… β˜… β˜… β˜… β˜…
Clackamas
Population 24,166
Avg Home $589,982
Avg Rent $1,823/mo
97013 β˜… β˜… β˜… β˜… β˜…
Canby
Population 24,094
Avg Home $599,237
Avg Rent $1,744/mo
97034 β˜… β˜… β˜… β˜… β˜…
Lake Oswego
Population 21,119
Avg Home $1,134,966
Avg Rent $2,772/mo
97055 β˜… β˜… β˜… β˜… β˜…
Sandy
Population 20,131
Avg Home $522,056
Avg Rent $2,184/mo
97038 β˜… β˜… β˜… β˜… β˜…
Molalla
Population 17,100
Avg Home $499,038
Avg Rent $1,945/mo
97089 β˜… β˜… β˜… β˜… β˜…
Damascus
Population 14,906
Avg Home $680,562
Avg Rent $2,999/mo
97027 β˜… β˜… β˜… β˜… β˜…
Gladstone
Population 12,413
Avg Home $517,875
Avg Rent $1,748/mo
97023 β˜… β˜… β˜… β˜… β˜…
Estacada
Population 11,608
Avg Home $545,210
Avg Rent $1,620/mo
97009 β˜… β˜… β˜… β˜… β˜…
Boring
Population 7,877
Avg Home $732,709
Avg Rent $1,746/mo
97004 β˜… β˜… β˜… β˜… β˜…
Beavercreek
Population 4,105
Avg Home $775,382
Avg Rent $1,782/mo
97017 β˜… β˜… β˜… β˜… β˜…
Colton
Population 3,449
Avg Home $659,336
Avg Rent $1,620/mo
97042 β˜… β˜… β˜… β˜… β˜…
Mulino
Population 3,330
Avg Home $712,451
Avg Rent $1,764/mo
97022 β˜… β˜… β˜… β˜… β˜…
Eagle Creek
Population 3,172
Avg Home $673,115
Avg Rent $1,620/mo
97067 β˜… β˜… β˜… β˜… β˜…
Welches
Population 2,285
Avg Home $456,695
Avg Rent $1,665/mo
97049 β˜… β˜… β˜… β˜… β˜…
Rhododendron
Population 2,015
Avg Home $424,929
Avg Rent $1,773/mo
97011 β˜… β˜… β˜… β˜… β˜…
Brightwood
Population 769
Avg Home $516,696
Avg Rent $1,701/mo
97028 β˜… β˜… β˜… β˜… β˜…
Welches
Population 150
Avg Home $689,868
Avg Rent $1,701/mo

Screen every market in Clackamas County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Clackamas County

How expensive is real estate in, OR?

In, OR the median home value sits at $634K. Against the broader OR market, that reads as reasonable for most investors.

Should investors worry about vacancy in, OR?

, OR carries elevated vacancy risk. Expect predictable absorption at market rents of $1,905/mo.

Are tenants stable in, OR?

Expect a solid tenant pool in, OR. The rental market absorbs $1,905/mo rents without meaningful friction.

What is the typical rental rate in, OR?

Expect rents around $1,905/mo per month in, OR. With home values at $634K, the yield math works out to reasonable levels for rental investors.

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