Real Estate Investing in Portland, Oregon (97214)
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Should you buy in 97214 (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.
- Flat appreciation: Values have barely moved over 5 years (0.1% CAGR).
- High price-to-rent: Price-to-rent ratio 34.2 — hard to cash-flow at these prices.
What’s happening in Portland, OR (97214)?
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Market Analysis: 97214 Portland
Investors eyeing 97214 need to respect the fundamentals at play. Home values of $683K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $683K asset, 97214 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within OR, ZIP 97214 trails on several market indicators that neighboring Multnomah County submarkets outperform. The gap is real and robust enough to shape underwriting.
Who lives in 97214 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. solid returns are possible in 97214, 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 Portland:
Property Strategy for 97214
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $351,714 | $2,010 | 4.1% | -0.2% | $351,714 |
| 2BR | $529,670 | $2,300 | 3.1% | +0.5% | $264,835 |
| 3BR | $682,316 | $3,130 | 3.3% | +1.5% | $227,439 |
| 4BR | $782,765 | $3,720 | 3.4% | +1.8% | $195,691 |
| 5BR | $896,030 | — | — | +1.9% | $179,206 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97214 Compare?
| Metric | 97214 | Portland | Oregon |
|---|---|---|---|
| Home Value | $682,591 | $517,965 | $493,884 |
| 5-Year CAGR | 0.1% | 0.1% | 4.9% |
| Avg Rent | $1,662 | $1,754 | - |
| Cap Rate | 1.9% | 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 97214 (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 | $682,591 |
| Monthly Rent | $1,662 |
| Price-to-Rent | 34.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 2.0% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +0.1% ▲ |
| 10-Year CAGR | +1.8% ▲ |
🏠 Rent Trends
| 1-Year | -0.9% ▼ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +1.8% ▲ |
The current 30-yr mortgage rate (7.0%) exceeds the estimated cap rate (1.9%). 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 97214
Population: 28,128
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 97214
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
Roseway Heights School
Irvington Elementary School
Beaumont Middle 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
What price range are homes in Portland, OR?
Portland, OR home values average about $683K. That price point suits investors targeting rentals with $1,662/mo in monthly income.
What are rental rates like in Portland, OR?
Investors in Portland, OR typically see rents near $1,662/mo per month against $683K home values - a solid setup for rental cash flow.
How strong is the working-renter base in Portland, OR?
The tenant pool in Portland, OR is solid, supported by local employment and population fundamentals. Rents of $1,662/mo are well-absorbed by the market.
How does Portland, OR rate as a rental market?
The 2.0/5 investability rating in Portland, OR reflects its $683K prices and $1,662/mo rents. Investors generally consider it a solid option within OR.
Is Portland, OR good for landlords?
OR ranks as a landlord-friendly state for landlord-tenant law. Portland generally follows the statewide framework, so landlords face reasonable operating rules.
You know 97214 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97214 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 97214 ranks in Portland-Vancouver-Hillsboro, OR-WA
Every ZIP in this metro, ranked. Free.
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