Real Estate Investing in Portland, Oregon (97216)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97216 (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 (0.8% CAGR).
What’s happening in Portland, OR (97216)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97216 Portland
In practical terms, ZIP 97216 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $428K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $428K asset, 97216 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Portland have seen price recovery that 97216 has not matched. Multnomah County data supports the view that the spread is structural rather than temporary.
Demographically, 97216 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 97216 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Portland:
Property Strategy for 97216
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $362,902 | $1,800 | 3.6% | +2.8% | $181,451 |
| 3BR | $421,306 | $2,470 | 4.2% | +3.1% | $140,435 |
| 4BR | $477,414 | $2,900 | 4.4% | +2.9% | $119,354 |
| 5BR | $527,656 | — | — | +2.8% | $105,531 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97216 Compare?
| Metric | 97216 | Portland | Oregon |
|---|---|---|---|
| Home Value | $427,581 | $517,965 | $493,884 |
| 5-Year CAGR | 0.8% | 0.1% | 4.9% |
| Avg Rent | $1,605 | $1,754 | - |
| Cap Rate | 2.9% | 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 97216 (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 | $427,581 |
| Monthly Rent | $1,605 |
| Price-to-Rent | 22.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 3.7% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +0.8% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 Rent Trends
| 1-Year | -1.3% ▼ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +2.8% ▲ |
The current 30-yr mortgage rate (7.0%) exceeds the estimated cap rate (2.9%). 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 97216
Population: 16,735
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 97216
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Kelly Elementary School
Lane Middle School
Roseway Heights School
Benson Polytechnic High School
Lent Elementary 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 consider Portland, OR?
The 2.0/5 investability rating in Portland, OR reflects its $428K prices and $1,605/mo rents. Investors generally consider it a solid option within OR.
Do landlords face vacancy issues in Portland, OR?
Rental vacancy in Portland, OR is elevated. Investors should budget normal turnover but not chronic empty units.
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.
How strong is tenant demand in Portland, OR?
Working renters make up the core of the Portland, OR tenant base. The pool is reasonable for investors targeting long-term holds.
Are homes affordable in Portland, OR?
Portland, OR median home values land near $428K. That is reasonable territory for investors looking at $1,605/mo-per-month rentals.
You know 97216 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97216 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 97216 ranks in Portland-Vancouver-Hillsboro, OR-WA
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