Real Estate Investing in Gresham, Oregon (97080)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97080 (Gresham, OR)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High price-to-rent: Price-to-rent ratio 26.5 — hard to cash-flow at these prices.
What’s happening in Gresham, OR (97080)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97080 Gresham
The 97080 ZIP covers a section of Gresham that demands careful diligence. Prices near $519K look accessible, but the work to make a deal cash flow is real.
The 97080 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
From an investor standpoint, 97080 offers a low basis, the region around Gresham has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 97080 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. impressive returns are possible in 97080, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Gresham:
Property Strategy for 97080
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $235,179 | $1,600 | 4.9% | +2.7% | $235,179 |
| 2BR | $362,078 | $1,830 | 3.6% | +4.4% | $181,039 |
| 3BR | $479,484 | $2,490 | 3.7% | +4.7% | $159,828 |
| 4BR | $561,655 | $2,960 | 3.8% | +4.8% | $140,414 |
| 5BR | $604,258 | — | — | +4.8% | $120,852 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97080 Compare?
| Metric | 97080 | Gresham | Oregon |
|---|---|---|---|
| Home Value | $519,437 | $479,327 | $493,884 |
| 5-Year CAGR | 1.8% | 1.7% | 4.9% |
| Avg Rent | $1,633 | $1,636 | - |
| Cap Rate | 2.5% | 2.7% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97080 (Gresham, OR). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 97080 (Gresham, OR)?
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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
Gateway Property Management offers residential property management services in Portland, OR. summary from their website
Grid Property Management is a Portland-based firm providing full-service management and leasing for residential and industrial properties. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $519,437 |
| Monthly Rent | $1,633 |
| Price-to-Rent | 26.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 4.3% |
📈 Home Appreciation
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +1.8% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | -7.4% ▼ |
| 3-Year CAGR | -0.1% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 97080
Population: 47,548
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 97080
Schools in This ZIP Code
About Repit School Scores
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We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,401 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the investability score for Gresham, OR?
Gresham, OR comes in at an investability rating of 2.0/5, with median home values near $519K and average rents around $1,633/mo. That combination puts it in the durable tier for investor interest.
What kind of vacancy should I budget for in Gresham, OR?
Occupancy in Gresham, OR runs steady with elevated vacancy. Well-priced units at $1,633/mo lease on reasonable timelines.
Are rents high in Gresham, OR?
Rents in Gresham, OR run near $1,633/mo. Compared with median home prices of $519K that produces solid gross yields for typical rentals.
Is Gresham, OR a good market for FHA house hackers?
Gresham, OR offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,633/mo rent level.
Is Gresham, OR a friendly market for rental owners?
For rental operators, Gresham, OR rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 97080 now. You don’t know where it ranks.
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How 97080 ranks in Portland-Vancouver-Hillsboro, OR-WA
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