Portland Real Estate Market Analysis

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As the largest city in the State of Oregon, Portland has a population of 647,805. This makes it the 26th most populous city in the United States. The city may just move up that list as the rate for population growth is forecast to be twice that of the national rate over the next year. A large and rapidly growing population is a positive trend for any housing market but it’s also important to note that almost half of the population in the Portland real estate market lives in rental properties as opposed to owning their own homes (48% according to NeighborhoodScout). This means that buying a rental property in Portland can make for a lucrative real estate investment.

This future population growth should aid the economy in Portland which, although strong and diverse, has had an issue with attracting qualified labor in the past. In fact, over the last year, the Portland job market only saw a growth of 0.9%. However, with the increase in population, the job market is expected to experience a growth of 42.4% over the next 10 years which is higher than the US national average growth rate of 33.5% for the same time period.

Despite the slow job growth, Portland’s economy is actually flourishing. Historically, this is the best time for the City of Portland and its economy. Currently, Portland is the 3rd largest export tonnage port on the West Coast. In general, the city is a major distribution hub. This can be attributed not only to the port but also Portland’s position near the major interstate freeway systems and the West and East Coast intercontinental railroad systems as well as its international air service. Another major industry that attracts tenants and real estate investors to the Portland housing market is the high-tech industry. Portland houses over 1,200 tech companies. Other key industries include manufacturing and healthcare.

The Portland real estate market leads the Pacific Region in affordability which is an issue in this part of the United States. This is one reason why Portland ranks as the #5 top market to watch for 2019 in this region according to the PWC real estate report. Compared to other markets in the US, Portland ranks #21 for overall real estate prospects. As most other US markets, the Portland real estate market suffers from a housing inventory shortage due to rising costs of construction and tight regulations. However, the PWC ranks the market as #16 for homebuilding prospects so forecasts show that the inventory will increase in the coming years. These are signs that Portland is one of the best places to invest in real estate.

Portland  Real Estate Investment Performance

Facts and Market Trends in Portland
Homes For Sale2,562
Airbnb Properties2,850
Rental Properties58
Traditional Vacancy rate6.20%
Airbnb Occupancy Rate71.07%
Mashmeter29.20%
Median Price$545,950
Median Rent Price$2,129
Price/sqft$351
Median Days on Market48
Price to Rent Ratio24.3
Average Cap Rate
Airbnb3.70%
Traditional2.83%
Average Rental Income
Airbnb$3,499
Traditional$2,427
 
Median Household Income$78,476
Population641,162
Transportation in Portland
67 / 100
Somewhat Walkable
49 / 100
Some Transit
83 / 100
Very Bikeable
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Portland  Rent Prices

RENTAL STRATEGY STUDIOS 1 BEDROOM 2 BEDROOMS 3 BEDROOMS 4 BEDROOMS
Airbnb$1,926$2,127$3,002$4,600$6,165
Traditional$1,708$1,796$2,039$2,805$3,392

Portland, OR - Homes for Sale - Newly Listed

3725 N BALDWIN ST
Portland, OR 97217
Arbor Lodge
Single Family Residential
3 beds2 baths1,856 sq.ft.
CAP RATE
Trad. 2.46%Airbnb 4.49%
1525 SE 22ND AVE
Portland, OR 97214
Buckman
Single Family Residential
4 beds5 baths5,331 sq.ft.
CAP RATE
Trad. 1.10%Airbnb 2.45%
2545 NE 25TH AVE
Portland, OR 97212
Irvington
Single Family Residential
4 beds3 baths2,768 sq.ft.
CAP RATE
Trad. 1.65%Airbnb 3.96%
12605 SE ELLIS ST
Portland, OR 97236
Powellhurst Gilbert
Single Family Residential
3 beds1 baths1,502 sq.ft.
CAP RATE
Trad. 1.89%Airbnb 5.67%

Top Performing Portland Properties

1416 NE 76TH AVE
Portland, OR 97213
Madison South
Single Family Residential
3 beds2 baths1,440 sq.ft.
CAP RATE
Trad. 4.26%Airbnb 7.99%
102 NE 45th Ave
Portland, OR 97213
Laurelhurst
Single Family Residential
4 beds1 baths1,795 sq.ft.
CAP RATE
Trad. 4.91%Airbnb 7.96%
12645 SE SALMON CT
Portland, OR 97233
Hazelwood
Single Family Residential
3 beds3 baths1,968 sq.ft.
CAP RATE
Trad. 4.65%Airbnb 7.92%
8648 SE RHONE ST
Portland, OR 97266
South Tabor
Single Family Residential
4 beds3 baths1,446 sq.ft.
CAP RATE
Trad. 4.86%Airbnb 7.91%

Recently Sold Homes in Portland, OR

7176 N Reno AVE
Portland, OR 97203
Cathedral Park
Multi Family
0 beds0 baths4,045 sq.ft.
CAP RATE
Trad. 0.04%Airbnb N/A
9532 N Allegheny AVE
Portland, OR 97203
Cathedral Park
Multi Family
0 beds0 baths8,778 sq.ft.
CAP RATE
Trad. -1.20%Airbnb N/A
9542 N Allegheny AVE
Portland, OR 97203
Cathedral Park
Multi Family
0 beds0 baths5,852 sq.ft.
CAP RATE
Trad. -0.84%Airbnb N/A
8113 N Syracuse ST
Portland, OR 97203
Cathedral Park
Multi Family
0 beds0 baths4,905 sq.ft.
CAP RATE
Trad. -0.96%Airbnb N/A

Portland, OR Top Multi Family Homes

2605 SE 23RD AVE
Portland, OR 97202
Hosford-Abernethy
Multi Family
0 beds0 baths4,870 sq.ft.
CAP RATE
Trad. -0.40%Airbnb 3.00%
6402 SE 103RD AVE
Portland, OR 97266
Lents
Multi Family
0 beds0 baths5,350 sq.ft.
CAP RATE
Trad. 4.90%Airbnb N/A
4651 S CORBETT AVE
Portland, OR 97239
Corbett-Terwilliger-Lair Hill
Multi Family
0 beds0 baths3,012 sq.ft.
CAP RATE
Trad. 4.16%Airbnb N/A
1915 NW NORTHRUP ST
Portland, OR 97209
Pearl District
Multi Family
0 beds0 baths3,976 sq.ft.
CAP RATE
Trad. 3.92%Airbnb N/A

Homes Below Median Price in the Portland, OR Real Estate Market

1416 NE 76TH AVE
Portland, OR 97213
Madison South
Single Family Residential
3 beds2 baths1,440 sq.ft.
CAP RATE
Trad. 4.26%Airbnb 7.99%
102 NE 45th Ave
Portland, OR 97213
Laurelhurst
Single Family Residential
4 beds1 baths1,795 sq.ft.
CAP RATE
Trad. 4.91%Airbnb 7.96%
12645 SE SALMON CT
Portland, OR 97233
Hazelwood
Single Family Residential
3 beds3 baths1,968 sq.ft.
CAP RATE
Trad. 4.65%Airbnb 7.92%
8648 SE RHONE ST
Portland, OR 97266
South Tabor
Single Family Residential
4 beds3 baths1,446 sq.ft.
CAP RATE
Trad. 4.86%Airbnb 7.91%

Portland, OR Top Airbnb Homes

Entire home/apt · 2 beds
Custom Studio w/AC , Alberta Arts District
1001
Entire home/apt · 4 beds
Alberta St. Modern Craftsman
966
Entire home/apt · 1 bed
Magic Barn / Walk Score 93!
957

Portland, OR Homes for Rent

6369 N Commercial Avenue
Portland, OR 97217
Piedmont
Single Family
2 beds2 baths0 sq.ft.

Portland, OR Open Houses

3725 N BALDWIN ST
Portland, OR 97217
Arbor Lodge
Single Family Residential
3 beds2 baths1,856 sq.ft.
CAP RATE
Trad. 2.46%Airbnb 4.49%
2545 NE 25TH AVE
Portland, OR 97212
Irvington
Single Family Residential
4 beds3 baths2,768 sq.ft.
CAP RATE
Trad. 1.65%Airbnb 3.96%
12605 SE ELLIS ST
Portland, OR 97236
Powellhurst Gilbert
Single Family Residential
3 beds1 baths1,502 sq.ft.
CAP RATE
Trad. 1.89%Airbnb 5.67%
9233 N BRISTOL AVE
Portland, OR 97203
Cathedral Park
Single Family Residential
3 beds2 baths2,655 sq.ft.
CAP RATE
Trad. 1.85%Airbnb 1.93%

Best Portland Neighborhoods for Buying Investment Property

Bridlemile
Portland, OR
54%
Mashmeter
property price
928586
Median
cap rate
2.97%
Traditional
2.95%
Airbnb
rental income
$2,300
Traditional
$2,281
Airbnb
homes for sale
21
occupancy rate
69%
Airbnb
Northwest
Portland, OR
53%
Mashmeter
property price
492475
Median
cap rate
5.46%
Traditional
10.03%
Airbnb
rental income
$2,240
Traditional
$4,115
Airbnb
homes for sale
2
occupancy rate
71%
Airbnb
Crestwood
Portland, OR
52%
Mashmeter
property price
757000
Median
cap rate
3.71%
Traditional
4.97%
Airbnb
rental income
$2,338
Traditional
$3,133
Airbnb
homes for sale
12
occupancy rate
68%
Airbnb
Ashcreek
Portland, OR
51%
Mashmeter
property price
679900
Median
cap rate
4.13%
Traditional
5.13%
Airbnb
rental income
$2,338
Traditional
$2,905
Airbnb
homes for sale
29
occupancy rate
71%
Airbnb
Mount Scott
Portland, OR
51%
Mashmeter
property price
437040
Median
cap rate
5.99%
Traditional
8.21%
Airbnb
rental income
$2,181
Traditional
$2,990
Airbnb
homes for sale
1
occupancy rate
69%
Airbnb
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