Real Estate Investing in Portland, Oregon (97220)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97220 (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 (0.4% CAGR).
What’s happening in Portland, OR (97220)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97220 Portland
ZIP 97220 in Portland, OR carries a resilient set of headwinds. Home values near $429K and rents of $1,630/mo sit inside a market where underwriting has to be tight.
The investment case in 97220 is substantial only for operators who understand what they are buying. A $429K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 97220 among OR's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 97220 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Portland:
Property Strategy for 97220
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $259,936 | $1,580 | 4.4% | +2.2% | $259,936 |
| 2BR | $370,861 | $1,800 | 3.5% | +2.7% | $185,430 |
| 3BR | $429,472 | $2,470 | 4.1% | +2.9% | $143,157 |
| 4BR | $485,829 | $2,900 | 4.3% | +2.7% | $121,457 |
| 5BR | $533,144 | — | — | +2.9% | $106,629 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97220 Compare?
| Metric | 97220 | Portland | Oregon |
|---|---|---|---|
| Home Value | $429,080 | $517,965 | $493,884 |
| 5-Year CAGR | 0.4% | 0.1% | 4.9% |
| Avg Rent | $1,630 | $1,754 | - |
| Cap Rate | 3.0% | 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 97220 (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 | $429,080 |
| Monthly Rent | $1,630 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 3.4% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | +0.4% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 Rent Trends
| 1-Year | -6.6% ▼ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). 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 97220
Population: 27,810
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 97220
Schools in This ZIP Code
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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
Which real estate strategy fits Portland, OR?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Portland, OR. The numbers - $429K homes against $1,630/mo rents - support that play.
What kind of vacancy should I budget for in Portland, OR?
Portland, OR vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Does Portland, OR favor landlords or tenants?
Rental owners in Portland, OR deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is Portland, OR a good market for FHA house hackers?
Portland, OR is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $429K price point reasonable to enter.
Are renters plentiful in Portland, OR?
Portland, OR draws a steady base of working renters. Demand at the $1,630/mo rent level is reasonable for standard single-family and small multi rentals.
You know 97220 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97220 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 97220 ranks in Portland-Vancouver-Hillsboro, OR-WA
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