Real Estate Investing in Portland, Oregon (97219)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97219 (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 28.6 — hard to cash-flow at these prices.
What’s happening in Portland, OR (97219)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97219 Portland
ZIP 97219 inside Multnomah County looks affordable on the surface — median value of $640K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 97219 can be a a solid fit for hunting ground — but the discount at $640K reflects genuine risk that outside investors often underestimate.
The gap between 97219 and stronger Portland ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
In practical terms, 43,111 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 97219 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Portland:
Property Strategy for 97219
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $349,168 | $1,790 | 3.7% | +1.6% | $349,168 |
| 2BR | $457,201 | $2,050 | 3.2% | +2.5% | $228,600 |
| 3BR | $590,569 | $2,790 | 3.4% | +3.3% | $196,856 |
| 4BR | $748,538 | $3,320 | 3.2% | +3.7% | $187,134 |
| 5BR | $893,518 | — | — | +4.0% | $178,704 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97219 Compare?
| Metric | 97219 | Portland | Oregon |
|---|---|---|---|
| Home Value | $639,561 | $517,965 | $493,884 |
| 5-Year CAGR | 1.2% | 0.1% | 4.9% |
| Avg Rent | $1,863 | $1,754 | - |
| Cap Rate | 2.3% | 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 97219 (Portland, OR). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 97219 (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 | $639,561 |
| Monthly Rent | $1,863 |
| Price-to-Rent | 28.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 3.5% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +1.2% ▲ |
| 10-Year CAGR | +3.5% ▲ |
🏠 Rent Trends
| 1-Year | -1.1% ▼ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +3.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.3%). 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 97219
Population: 43,111
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 97219
Schools in This ZIP Code
Nearby Schools (2 more)
Schools in adjacent ZIP codes that may serve this area
Gray Middle School
The Cottonwood School of Civics and Science
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 11,676 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in Portland, OR?
Expect median prices around $640K in Portland, OR. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
What kind of vacancy should I budget for in Portland, OR?
Vacancy in Portland, OR is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,863/mo.
Is Portland, OR suited for a house hack?
House hacking in Portland, OR is a challenging. With home values around $640K and rents at $1,863/mo, owner-occupants can offset a meaningful share of PITI.
How landlord-friendly is Portland, OR?
Portland, OR operates under OR law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
How strong is the working-renter base in Portland, OR?
Expect a solid tenant pool in Portland, OR. The rental market absorbs $1,863/mo rents without meaningful friction.
You know 97219 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97219 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 97219 ranks in Portland-Vancouver-Hillsboro, OR-WA
Every ZIP in this metro, ranked. Free.
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