Real Estate Investing in Portland, Oregon (97266)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97266 (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 (0.5% CAGR).
What’s happening in Portland, OR (97266)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97266 Portland
The 97266 ZIP in Portland, OR is a local-operator market. Outside capital chasing a $403K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $403K asset, 97266 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within OR, ZIP 97266 trails on several market indicators that neighboring Multnomah County submarkets outperform. The gap is real and significant enough to shape underwriting.
The demographic picture in 97266 includes headwinds that any investor should price in. Income distribution skews lower than Portland averages, and tenant stability requires active management.
New investors are better served looking at Portland's stable or hybrid ZIPs before stepping into 97266. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Portland:
Property Strategy for 97266
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $296,080 | $1,610 | 3.9% | +1.8% | $296,080 |
| 2BR | $341,084 | $1,850 | 3.9% | +2.3% | $170,542 |
| 3BR | $396,915 | $2,520 | 4.6% | +3.0% | $132,305 |
| 4BR | $462,279 | $2,990 | 4.7% | +2.9% | $115,570 |
| 5BR | $519,272 | — | — | +3.0% | $103,854 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97266 Compare?
| Metric | 97266 | Portland | Oregon |
|---|---|---|---|
| Home Value | $402,819 | $517,965 | $493,884 |
| 5-Year CAGR | 0.5% | 0.1% | 4.9% |
| Avg Rent | $1,772 | $1,754 | - |
| Cap Rate | 3.4% | 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 97266 (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 | $402,819 |
| Monthly Rent | $1,772 |
| Price-to-Rent | 18.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 3.9% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +0.5% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 Rent Trends
| 1-Year | -3.9% ▼ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +2.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 97266
Population: 35,992
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 97266
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
Lane Middle School
Woodmere Elementary School
Atkinson 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
Is real estate in Portland, OR a good investment right now?
Portland, OR scores 2.0/5 for investability. Home values sit at $403K and rents near $1,772/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are rents high in Portland, OR?
Portland, OR rentals go for roughly $1,772/mo a month. That puts gross yield in solid territory relative to $403K acquisition costs.
Should investors worry about vacancy in Portland, OR?
Portland, OR sees elevated vacancy, which is reasonable relative to the broader OR rental market.
What is the typical renter like in Portland, OR?
Portland, OR offers a predictable renter base at the $1,772/mo rent level. Tenant turnover is reasonable for well-managed properties.
What real estate strategy is ideal for Portland, OR?
Portland, OR investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($403K prices, $1,772/mo rents) make it a reasonable choice.
You know 97266 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97266 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 97266 ranks in Portland-Vancouver-Hillsboro, OR-WA
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