Real Estate Investing in Portland, Oregon (97212)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97212 (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.
- Flat appreciation: Values have barely moved over 5 years (1.2% CAGR).
- High price-to-rent: Price-to-rent ratio 29.9 — hard to cash-flow at these prices.
What’s happening in Portland, OR (97212)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97212 Portland
Not every below-median market is a bargain. Portland's 97212 ZIP sits at signals that favor experienced operators who can absorb the risk $795K pricing implies.
For an experienced owner, 97212 can be a a credible choice for hunting ground — but the discount at $795K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 97212 among OR's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 97212 ZIP's population of 27,573 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
New investors are better served looking at Portland's stable or hybrid ZIPs before stepping into 97212. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Portland:
Property Strategy for 97212
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $354,885 | $1,840 | 3.7% | -2.3% | $354,885 |
| 2BR | $529,222 | $2,110 | 2.9% | +1.3% | $264,611 |
| 3BR | $730,817 | $2,880 | 2.8% | +2.3% | $243,606 |
| 4BR | $880,646 | $3,410 | 2.8% | +2.8% | $220,162 |
| 5BR | $1,074,979 | — | — | +2.9% | $214,996 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97212 Compare?
| Metric | 97212 | Portland | Oregon |
|---|---|---|---|
| Home Value | $795,187 | $517,965 | $493,884 |
| 5-Year CAGR | 1.2% | 0.1% | 4.9% |
| Avg Rent | $2,215 | $1,754 | - |
| Cap Rate | 2.2% | 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 97212 (Portland, OR). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 97212 (Portland, OR)?
~25 seconds · no account needed · your report is anonymous
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 | $795,187 |
| Monthly Rent | $2,215 |
| Price-to-Rent | 29.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 3.4% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +1.2% ▲ |
| 10-Year CAGR | +2.4% ▲ |
🏠 Rent Trends
| 1-Year | +0.2% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +2.9% ▲ |
The current 30-yr mortgage rate (7.0%) exceeds the estimated cap rate (2.2%). 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 97212
Population: 27,573
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 97212
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Boise-Eliot Elementary School
Dr. Martin Luther King Jr. School
Faubion Elementary School
Harriet Tubman Middle School
Roseway Heights 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
Frequently Asked Questions
Should investors worry about vacancy in Portland, OR?
Expect elevated vacancy in Portland, OR. Rents at $2,215/mo are absorbed by the tenant base without meaningful lag.
What do landlords charge for rent in Portland, OR?
Rental rates in Portland, OR average $2,215/mo. Tenant demand and $795K home values make the yield look reasonable by investor standards.
What is the best play in Portland, OR?
A careful cash-flow rentals with hands-on management strategy Portland, OR best. The market produces stable results for that approach at the $795K price point.
How strict are landlord regulations in Portland, OR?
OR law landlord-friendly for landlords, and Portland inherits those rules. Investors should still review local ordinances for rental licensing.
Is Portland, OR a smart market for rental property?
Investors tracking Portland, OR will find a 2.0/5 rating supported by $795K median home values and $2,215/mo rents. That profile suits long-term holders targeting predictable returns.
You know 97212 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97212 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 97212 ranks in Portland-Vancouver-Hillsboro, OR-WA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 97212 (Portland)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 97212 (Portland, OR).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.