Real Estate Investing in Portland, Oregon (97210)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97210 (Portland, OR)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Declining values: -0.8% 5-year CAGR — values have moved lower.
- Elevated vacancy: 10.2% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 36.4 — hard to cash-flow at these prices.
What’s happening in Portland, OR (97210)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97210 Portland
From a cash-flow lens, ZIP 97210 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $692K median. It rewards specialists, not generalists.
On the rental side, the numbers look inviting — $692K purchase price, 0.0% nominal cap — the work to hit that pro forma in 97210 is substantial and deserves full respect.
Nearby ZIPs in Portland have seen price recovery that 97210 has not matched. Multnomah County data supports the view that the spread is structural rather than temporary.
Resident income in 97210 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 97210 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Portland:
Property Strategy for 97210
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $296,718 | $1,610 | 3.9% | -1.3% | $296,718 |
| 2BR | $544,462 | $1,850 | 2.4% | +0.2% | $272,231 |
| 3BR | $860,623 | $2,520 | 2.1% | +1.0% | $286,874 |
| 4BR | $1,095,618 | $2,990 | 2.0% | +1.6% | $273,904 |
| 5BR | $1,237,201 | — | — | +0.6% | $247,440 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97210 Compare?
| Metric | 97210 | Portland | Oregon |
|---|---|---|---|
| Home Value | $692,305 | $517,965 | $493,884 |
| 5-Year CAGR | N/A | 0.1% | 4.9% |
| Avg Rent | $1,583 | $1,754 | - |
| Cap Rate | 1.8% | 2.6% | - |
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 97210 (Portland, 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
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 | $692,305 |
| Monthly Rent | $1,583 |
| Price-to-Rent | 36.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.8% |
| 5-Year IRR | 1.0% |
📈 Home Appreciation
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | -1.2% ▼ |
| 5-Year CAGR | -0.8% ▼ |
| 10-Year CAGR | +1.0% ▲ |
🏠 Rent Trends
| 1-Year | -7.5% ▼ |
| 3-Year CAGR | -1.2% ▼ |
| 5-Year CAGR | +0.8% ▲ |
The current 30-yr mortgage rate (7.0%) exceeds the estimated cap rate (1.8%). 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 97210
Population: 11,331
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 97210
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Boise-Eliot Elementary School
Harriet Tubman Middle School
Kairos PDX
Metropolitan Learning Center
Emerson School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
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 3,283 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in Portland, OR?
Typical homes in Portland, OR go for around $692K. The 5-year CAGR of 0.0% steady price movement.
How do landlord-tenant laws work in Portland, OR?
For rental operators, Portland, OR rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What is the smart move for investors in Portland, OR?
Portland, OR investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($692K prices, $1,583/mo rents) make it a reasonable choice.
How high is vacancy risk in Portland, OR?
Rental vacancy in Portland, OR is elevated. Investors should budget normal turnover but not chronic empty units.
What does house hacking look like in Portland, OR?
House hacking in Portland, OR is a challenging. With home values around $692K and rents at $1,583/mo, owner-occupants can offset a meaningful share of PITI.
You know 97210 now. You don’t know where it ranks.
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How 97210 ranks in Portland-Vancouver-Hillsboro, OR-WA
Every ZIP in this metro, ranked. Free.
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