Real Estate Investing in Portland, Oregon (97213)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97213 (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: 0.0% 5-year CAGR — values have moved lower.
- High price-to-rent: Price-to-rent ratio 27.5 — hard to cash-flow at these prices.
What’s happening in Portland, OR (97213)?
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Market Analysis: 97213 Portland
Not every below-median market is a bargain. Portland's 97213 ZIP comes in at signals that favor experienced operators who can absorb the risk $554K pricing implies.
For an experienced owner, 97213 can be a a credible choice for hunting ground — but the discount at $554K reflects genuine risk that outside investors often underestimate.
Within OR, ZIP 97213 trails on several market indicators that neighboring Multnomah County submarkets outperform. The gap is real and notable enough to shape underwriting.
The 97213 ZIP's population of 31,238 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
Strategy in 97213 is an operator game, not a passive one. From a cash-flow lens, entry prices of $554K 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 97213
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $318,337 | $1,760 | 4.0% | -0.3% | $318,337 |
| 2BR | $451,729 | $2,020 | 3.2% | +1.8% | $225,864 |
| 3BR | $564,119 | $2,750 | 3.5% | +2.0% | $188,040 |
| 4BR | $662,056 | $3,270 | 3.6% | +2.1% | $165,514 |
| 5BR | $748,714 | — | — | +2.0% | $149,743 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97213 Compare?
| Metric | 97213 | Portland | Oregon |
|---|---|---|---|
| Home Value | $553,940 | $517,965 | $493,884 |
| 5-Year CAGR | N/A | 0.1% | 4.9% |
| Avg Rent | $1,679 | $1,754 | - |
| Cap Rate | 2.4% | 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 97213 (Portland, OR). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 97213 (Portland, 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 | $553,940 |
| Monthly Rent | $1,679 |
| Price-to-Rent | 27.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 2.4% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | 0.0% ▼ |
| 10-Year CAGR | +2.4% ▲ |
🏠 Rent Trends
| 1-Year | -6.5% ▼ |
| 3-Year CAGR | -0.1% ▼ |
| 5-Year CAGR | +1.6% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.4%). 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 97213
Population: 31,238
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 97213
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Clark Elementary School
Harrison Park School
Scott Elementary School
Irvington Elementary School
Le Monde French Immersion Public Charter 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
Is real estate in Portland, OR a good investment right now?
Portland, OR scores 2.0/5 for investability. Home values sit at $554K and rents near $1,679/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What monthly rent should investors expect in Portland, OR?
Average rent in Portland, OR is approximately $1,679/mo per month. Against $554K home values that yields a reasonable rent-to-price ratio.
How strict are landlord regulations in Portland, OR?
Rental owners in Portland, OR deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How do experienced investors play Portland, OR?
The best-fit strategy in Portland, OR is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Do rentals sit vacant long in Portland, OR?
Rental vacancy in Portland, OR is elevated. Investors should budget normal turnover but not chronic empty units.
You know 97213 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97213 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 97213 ranks in Portland-Vancouver-Hillsboro, OR-WA
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