Oregon Real Estate Market 2020: 5 Best Cities

Want to get your hands on a piece of West Coast real estate? A lot of home buyers and real estate investors gravitate towards the Washington or California real estate market. However, savvy investors know this leaves plenty of opportunities for them to snatch up in the Oregon real estate market. You’re here because you, too, have identified this great investment opportunity. But you also know that you can’t just buy property anywhere in the Oregon housing market. You need to invest in real estate in only the best cities in Oregon. 

Mashvisor found them for you. Here are the top 5 cities in the Oregon real estate market for buying a rental property.

5 Best Cities in the Oregon Real Estate Market in 2020

The following cities made it onto this list because they have the highest average traditional cash on cash return by city as well as plenty of investment properties for sale for you to choose from. 

#1. Gresham Housing Market

• Median Property Price: $457,324
• Price per Square Foot: $226
• Price to Rent Ratio: 20
• Traditional Rental Income: $1,874
• Traditional Cash on Cash Return: 1.6%

Gresham is currently a neutral market. This means that you may be able to negotiate a good real estate deal in this Oregon city. Gresham real estate has appreciated in value by 108% since Q1 2000, at an annual average appreciation rate of 3.68%. Rental properties are also in high demand in the city as around 47% of the population is made up of renters.

Here are the investment properties for sale in the Gresham, Oregon real estate market with the highest cash on cash return:

These properties were quickly located using Mashvisor’s Rental Property Finder. Try it out for yourself now and find a profitable Oregon real estate investment today.

#2. Oregon City Housing Market

• Median Property Price: $660,179
• Price per Square Foot: $283
• Price to Rent Ratio: 25
• Traditional Rental Income: $2,166
• Traditional Cash on Cash Return: 1.2%

The Oregon City real estate market is a neutral market. Local properties have increased in value by 116% since Q1 2000, at an annual average rate of 3.89%. A large portion of the population actually owns their own homes. Still, there is a need for rental properties, with 35% of the population living in rentals.

Here are the investment properties for sale in the Oregon City, Oregon real estate market with the highest cash on cash return:

#3. Beaverton Housing Market

• Median Property Price: $450,834
• Price per Square Foot: $235
• Price to Rent Ratio: 19
• Traditional Rental Income: $1,995
• Traditional Cash on Cash Return: 1.1%

Beaverton is a warm seller’s market. So you may find some competition when searching for Oregon homes for sale in this city. The high demand for properties in the city has led to high real estate appreciation. Home values have gone up by 124% since Q1 2000, at an annual rate of 4.07%. This makes Beaverton one of the best places to invest in real estate in Oregon for appreciation. There is also a high demand for rental properties as 51% of the population rents as opposed to owning their own home.

Here are the investment properties for sale in the Beaverton, Oregon real estate market with the highest cash on cash return:

Related: 5 Best Cities for Real Estate Appreciation in 2020

#4. Salem Housing Market

• Median Property Price: $425,998
• Price per Square Foot: $213
• Price to Rent Ratio: 22
• Traditional Rental Income: $1,605
• Traditional Cash on Cash Return: 1.0%

The Salem real estate market is a very warm seller’s market. At the same time, it is also the most affordable city on this list. Oregon real estate investors who own Salem property have enjoyed appreciation. Since Q1 2000, values have risen by 113%, at an annual rate of 3.79%. Around 49% of the population lives in a Salem rental property.

Here are the investment properties for sale in the Salem, Oregon real estate market with the highest cash on cash return:

#5. Tigard Housing Market

• Median Property Price: $523,274
• Price per Square Foot: $252
• Price to Rent Ratio: 22
• Traditional Rental Income: $2,003
• Traditional Cash on Cash Return: 1.0%

Tigard is a very hot seller’s market. But if you can land a good real estate deal here on an Oregon investment property for sale, you’ll be glad you did. For one, you’re likely to enjoy real estate appreciation. Since Q1 2000, home values have gone up by 116%, at an annual rate of 3.88%. The renter population sits at around 40% so your rental property will likely not experience a high vacancy rate, allowing you to enjoy cash flow.

Here are the investment properties for sale in the Tigard, Oregon real estate market with the highest cash on cash return:

The Next Step: Find a Profitable Oregon Rental Property for Sale

You know where to invest in real estate in Oregon but do you know how to conduct your investment property search? 

We’ve already hinted at a great real estate investment tool that you can use to find property for sale in Oregon – The Rental Property Finder. With this tool, you can quickly and easily find the investment property that you need to earn a high rate of return.

Simply set a few filters including:

• Location – Set this filter to one of the cities above.
• Miles from the Location – How far out do you want to expand your property search?
• Budget – Worried about high Oregon home prices? Don’t be. Set your budget and you’re sure to find a property that fits it.
• Rental Strategy – Choose between Traditional vs Airbnb investments
• Type of Property – You can filter for single-family homes, multi-family homes, condos, coops, or other investment properties.
• The Number of Beds and Baths – What do you prefer?

And the tool will immediately pull up a list of high return Oregon income properties for sale.

Related: 5 Best Real Estate Investment Tools for 2020

That’s just the first step. Before you invest in Oregon real estate, analyze it. Do so with Mashvisor’s Rental Property Calculator. This tool will help you conduct a rental property analysis automatically – no investment analysis spreadsheets needed. You will automatically get data on the rental income, cash flow, cash on cash return, cap rate, and occupancy rate that a certain property is forecast to generate. All the data is compiled from rental comps taken from reliable sources like the MLS, Zillow, and Airbnb. Mashvisor then applies it’s own industry-leading algorithms to complete the necessary calculations so you don’t have to. 

Find a High Return Property for Sale in Oregon Today

Buying property in Oregon can be a smart move if you know where to look. Start your search for an Oregon rental property in one of the 5 cities listed above and be sure to use Mashvisor’s real estate investment tools.

To learn about a few other great cities for real estate investment in the Oregon real estate market, check out the articles below:

Is 2020 a Good Time to Invest in the Portland Housing Market?

What Is It Like to Invest in Airbnb Bend, Oregon?