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.

🏠 For Homebuyers
WEAK FIT
Grade F (36/100)

Multiple negative signals. Better options likely exist nearby.

πŸ“ˆ 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.

⚠️ Risks to Know
1 flag
  • Flat appreciation: Values have barely moved over 5 years (0.2% CAGR).

What’s happening in Multnomah County, OR?

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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

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˜…β˜†β˜†β˜† 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.
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Landlord Ground Truth

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

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Property managers serving Multnomah County

Manage rentals here? List your business →

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-familyCommercial
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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
$543,068
Avg Monthly Rent
$1,740
1% Rule
βœ— Below
Landlord Friendly (OR)
β˜…β˜…β˜…β˜…β˜†

πŸŽ“ 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
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
Mt Hood Community College
4-Year Public Β· 6,271 students
πŸ“ ~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
πŸ“ ~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

97206 β˜… β˜… β˜… β˜… β˜…
Portland
Population 50,258
Avg Home $469,315
Avg Rent $1,960/mo
97080 β˜… β˜… β˜… β˜… β˜…
Gresham
Population 47,548
Avg Home $519,437
Avg Rent $1,633/mo
97202 β˜… β˜… β˜… β˜… β˜…
Portland
Population 44,107
Avg Home $631,400
Avg Rent $1,615/mo
97219 β˜… β˜… β˜… β˜… β˜…
Portland
Population 43,111
Avg Home $639,561
Avg Rent $1,863/mo
97230 β˜… β˜… β˜… β˜… β˜…
Portland
Population 41,682
Avg Home $458,613
Avg Rent $1,494/mo
97030 β˜… β˜… β˜… β˜… β˜…
Gresham
Population 38,471
Avg Home $439,216
Avg Rent $1,640/mo
97236 β˜… β˜… β˜… β˜… β˜…
Portland
Population 37,864
Avg Home $435,422
Avg Rent $1,655/mo
97233 β˜… β˜… β˜… β˜… β˜…
Portland
Population 37,518
Avg Home $403,522
Avg Rent $1,536/mo
97266 β˜… β˜… β˜… β˜… β˜…
Portland
Population 35,992
Avg Home $402,819
Avg Rent $1,772/mo
97217 β˜… β˜… β˜… β˜… β˜…
Portland
Population 34,756
Avg Home $501,500
Avg Rent $1,664/mo
97211 β˜… β˜… β˜… β˜… β˜…
Portland
Population 33,713
Avg Home $567,526
Avg Rent $2,038/mo
97203 β˜… β˜… β˜… β˜… β˜…
Portland
Population 33,159
Avg Home $454,530
Avg Rent $1,766/mo
97213 β˜… β˜… β˜… β˜… β˜…
Portland
Population 31,238
Avg Home $553,940
Avg Rent $1,679/mo
97214 β˜… β˜… β˜… β˜… β˜…
Portland
Population 28,128
Avg Home $682,591
Avg Rent $1,662/mo
97220 β˜… β˜… β˜… β˜… β˜…
Portland
Population 27,810
Avg Home $429,080
Avg Rent $1,630/mo
97212 β˜… β˜… β˜… β˜… β˜…
Portland
Population 27,573
Avg Home $795,187
Avg Rent $2,215/mo
97060 β˜… β˜… β˜… β˜… β˜…
Troutdale
Population 21,788
Avg Home $484,895
Avg Rent $1,747/mo
97209 β˜… β˜… β˜… β˜… β˜…
Portland
Population 21,727
Avg Home $349,410
Avg Rent $1,764/mo
97239 β˜… β˜… β˜… β˜… β˜…
Portland
Population 18,224
Avg Home $605,191
Avg Rent $1,891/mo
97215 β˜… β˜… β˜… β˜… β˜…
Portland
Population 17,849
Avg Home $655,031
Avg Rent $1,709/mo
97201 β˜… β˜… β˜… β˜… β˜…
Portland
Population 17,229
Avg Home $429,780
Avg Rent $1,583/mo
97216 β˜… β˜… β˜… β˜… β˜…
Portland
Population 16,735
Avg Home $427,581
Avg Rent $1,605/mo
97232 β˜… β˜… β˜… β˜… β˜…
Portland
Population 15,152
Avg Home $658,234
Avg Rent $1,554/mo
97218 β˜… β˜… β˜… β˜… β˜…
Portland
Population 14,704
Avg Home $478,690
Avg Rent $1,824/mo
97221 β˜… β˜… β˜… β˜… β˜…
Portland
Population 13,118
Avg Home $766,327
Avg Rent $2,340/mo
97024 β˜… β˜… β˜… β˜… β˜…
Fairview
Population 11,702
Avg Home $477,291
Avg Rent $1,759/mo
97210 β˜… β˜… β˜… β˜… β˜…
Portland
Population 11,331
Avg Home $692,305
Avg Rent $1,583/mo
97205 β˜… β˜… β˜… β˜… β˜…
Portland
Population 9,232
Avg Home $495,211
Avg Rent $1,609/mo
97227 β˜… β˜… β˜… β˜… β˜…
Portland
Population 6,378
Avg Home $565,135
Avg Rent $1,579/mo
97231 β˜… β˜… β˜… β˜… β˜…
Portland
Population 4,304
Avg Home $709,648
Avg Rent $1,620/mo
97019 β˜… β˜… β˜… β˜… β˜…
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.

Community Ratings

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