Real Estate Investing in Portland, Oregon (97211)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97211 (Portland, 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.
- Declining values: -0.3% 5-year CAGR — values have moved lower.
What’s happening in Portland, OR (97211)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97211 Portland
This part of Multnomah County is not an easy win. The 97211 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 97211 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 97211 and stronger Portland ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 97211 ZIP's population of 33,713 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Strategy in 97211 is an operator game, not a passive one. In practical terms, entry prices of $568K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Portland:
Property Strategy for 97211
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $366,276 | $1,900 | 3.7% | -1.0% | $366,276 |
| 2BR | $472,224 | $2,180 | 3.3% | +1.5% | $236,112 |
| 3BR | $573,373 | $2,970 | 3.7% | +1.8% | $191,124 |
| 4BR | $664,867 | $3,530 | 3.8% | +1.9% | $166,217 |
| 5BR | $747,378 | — | — | +2.1% | $149,476 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97211 Compare?
| Metric | 97211 | Portland | Oregon |
|---|---|---|---|
| Home Value | $567,526 | $517,965 | $493,884 |
| 5-Year CAGR | N/A | 0.1% | 4.9% |
| Avg Rent | $2,038 | $1,754 | - |
| Cap Rate | 2.8% | 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 97211 (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 | $567,526 |
| Monthly Rent | $2,038 |
| Price-to-Rent | 23.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 2.5% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | -0.3% ▼ |
| 10-Year CAGR | +2.3% ▲ |
🏠 Rent Trends
| 1-Year | -0.2% ▼ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +2.8% ▲ |
The current 30-yr mortgage rate (7.0%) exceeds the estimated cap rate (2.8%). 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 97211
Population: 33,713
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 97211
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Scott Elementary School
Irvington Elementary School
Rigler Elementary School
Beaumont Middle School
Rose City Park
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 3,896 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Portland, OR rate as a rental market?
Portland, OR rates 2.0/5 for investability. With median values at $568K and rents near $2,038/mo, the market offers reasonable fundamentals for rental investors.
What do landlords charge for rent in Portland, OR?
Expect rents around $2,038/mo per month in Portland, OR. With home values at $568K, the yield math works out to reasonable levels for rental investors.
Is Portland, OR a friendly market for rental owners?
Portland, OR falls under OR landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Do landlords face vacancy issues in Portland, OR?
Expect elevated vacancy in Portland, OR. Rents at $2,038/mo are absorbed by the tenant base without meaningful lag.
Does house hacking work in Portland, OR?
House hacking works a challenging in Portland, OR. Rents of $2,038/mo against $568K acquisition make the strategy solid for owner-occupants.
You know 97211 now. You don’t know where it ranks.
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How 97211 ranks in Portland-Vancouver-Hillsboro, OR-WA
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