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Multnomah County
Real Estate Investing in Multnomah County, Oregon
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
31 ZIP codes •
Population: 795,733
Should you buy in Multnomah County, OR?
Our answer, based on the numbers below.
π
For Homebuyers
WEAK FIT
Grade F (36/100)
Multiple negative signals. Better options likely exist nearby.
π
For Investors
WEAK
2.1 / 5
(34/100)
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
β οΈ
Risks to Know
1 flag
Flat appreciation:
Values have barely moved over 5 years (0.2% CAGR).
ποΈ
Growth & development
π°
Local news & events
π
Schools
ποΈ
Civic & policy
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2.1 / 5 Investability
County-wide average
1.0 / 5 Appreciation
0.2% 5yr CAGR
4.0 / 5 Landlord Climate
Regulatory friendliness
Avg Investability
β
β
β
β
β
Avg Home Value
$543,068
Avg Monthly Rent
$1,740
ZIP Codes
31
Market Trends β Multnomah County $554K $549K $544K $538K $533K $528K Jul 2025 Jan 2026 Jul 2026 $588K $576K $563K $550K $538K $525K Jul 2021 Jan 2024 Jul 2026 $597K $558K $519K $480K $440K $401K Jul 2016 Jul 2021 Jul 2026 $611K $533K $456K $379K $301K $224K Jul 2006 Jul 2016 Jul 2026 $1,783 $1,768 $1,753 $1,738 $1,724 $1,709 Jul 2025 Jan 2026 Jul 2026 $1,798 $1,740 $1,682 $1,623 $1,565 $1,507 Jul 2021 Jan 2024 Jul 2026 $1,814 $1,709 $1,603 $1,498 $1,393 $1,287 Jul 2016 Jul 2021 Jul 2026
Investing in Multnomah County Real Estate
Multnomah County (OR) covers 31 ZIPs and 5 municipalities. unambiguously the fundamentals here skew distressed, and both rent and price trends have been subdued across most of the geography.
firmly Multnomah County's β
β
βββ aggregate rating reflects modest investor metrics across the board β soft rent growth, soft appreciation, and structural headwinds worth taking seriously.
A 795,733 population and $N/AK household income profile is what makes Multnomah a challenging rental region β the base is present, but the affordability math is tight.
A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
Open the Market Finder → Free to search · investor plans from $19/mo
Landlord Ground Truth
Real numbers from people who own or manage rentals in Multnomah County, OR.
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AMS Association Management Services NW provides HOA Management Services. summary from their website
HOA
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Gateway Property Management offers residential property management services in Portland, OR. summary from their website
Single-family
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Grid Property Management is a Portland-based firm providing full-service management and leasing for residential and industrial properties. summary from their website
Single-family Commercial
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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.
π Investment Data
π₯ Demographics
π Schools
Landlord Friendly (OR)
β
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Bachelor's or Higher
46.5%
Top Schools in Multnomah County
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Show 8 More Schools
π Colleges & Universities in Multnomah County
20 Colleges
63,403 Students
14,077 Off-Campus Renters
B
Reed College
4-Year Private Β· 1,458 students
B
Portland State University
4-Year Public Β· 20,519 students
π ~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
Mt Hood Community College
4-Year Public Β· 6,271 students
π ~2,401 students rent off-campus
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
π ~8,393 students rent off-campus
C
American College of Healthcare Sciences
4-Year For-Profit Β· 1,042 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
D
East West College of the Healing Arts
Vocational For-Profit Β· 232 students
D
University of Western States
4-Year Private Β· 979 students
Investor Insight: With 14,077 students living off-campus, Multnomah County has substantial rental demand from the college population β typically stable, lease-renewing tenants.
Cities in Multnomah County
ZIP Codes in Multnomah County, OR
Portland
Population
50,258
Avg Home
$469,315
Avg Rent
$1,960/mo
Gresham
Population
47,548
Avg Home
$519,437
Avg Rent
$1,633/mo
Portland
Population
44,107
Avg Home
$631,400
Avg Rent
$1,615/mo
Portland
Population
43,111
Avg Home
$639,561
Avg Rent
$1,863/mo
Portland
Population
41,682
Avg Home
$458,613
Avg Rent
$1,494/mo
Gresham
Population
38,471
Avg Home
$439,216
Avg Rent
$1,640/mo
Portland
Population
37,864
Avg Home
$435,422
Avg Rent
$1,655/mo
Portland
Population
37,518
Avg Home
$403,522
Avg Rent
$1,536/mo
Portland
Population
35,992
Avg Home
$402,819
Avg Rent
$1,772/mo
Portland
Population
34,756
Avg Home
$501,500
Avg Rent
$1,664/mo
Portland
Population
33,713
Avg Home
$567,526
Avg Rent
$2,038/mo
Portland
Population
33,159
Avg Home
$454,530
Avg Rent
$1,766/mo
Portland
Population
31,238
Avg Home
$553,940
Avg Rent
$1,679/mo
Portland
Population
28,128
Avg Home
$682,591
Avg Rent
$1,662/mo
Portland
Population
27,810
Avg Home
$429,080
Avg Rent
$1,630/mo
Portland
Population
27,573
Avg Home
$795,187
Avg Rent
$2,215/mo
Troutdale
Population
21,788
Avg Home
$484,895
Avg Rent
$1,747/mo
Portland
Population
21,727
Avg Home
$349,410
Avg Rent
$1,764/mo
Portland
Population
18,224
Avg Home
$605,191
Avg Rent
$1,891/mo
Portland
Population
17,849
Avg Home
$655,031
Avg Rent
$1,709/mo
Portland
Population
17,229
Avg Home
$429,780
Avg Rent
$1,583/mo
Portland
Population
16,735
Avg Home
$427,581
Avg Rent
$1,605/mo
Portland
Population
15,152
Avg Home
$658,234
Avg Rent
$1,554/mo
Portland
Population
14,704
Avg Home
$478,690
Avg Rent
$1,824/mo
Portland
Population
13,118
Avg Home
$766,327
Avg Rent
$2,340/mo
Fairview
Population
11,702
Avg Home
$477,291
Avg Rent
$1,759/mo
Portland
Population
11,331
Avg Home
$692,305
Avg Rent
$1,583/mo
Portland
Population
9,232
Avg Home
$495,211
Avg Rent
$1,609/mo
Portland
Population
6,378
Avg Home
$565,135
Avg Rent
$1,579/mo
Portland
Population
4,304
Avg Home
$709,648
Avg Rent
$1,620/mo
Corbett
Population
3,332
Avg Home
$656,721
Avg Rent
$1,953/mo
Screen every market in Multnomah 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 Multnomah County
What are home prices like in, OR?
Expect median prices around $543K in, OR. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
What is the typical vacancy rate in, OR?
, OR carries elevated vacancy risk. Expect steady absorption at market rents of $1,740/mo.
Are home values higher in, OR than the rest of OR?
Versus statewide OR, is broadly in line with. Its 2.1/5 investability score reflects that position.
Is, OR good for landlords?
The landlord environment in, OR is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.