Mashvisor Home

Discover

Portland

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 Realtors and Real Estate Agents

Select agents


Portland  Real Estate Investment Performance
Facts and Market Trends in Portland
Homes For Sale692
Airbnb Properties1,365
Rental Properties598
Traditional Vacancy rate5.40%
Airbnb Occupancy Rate59.05%
Mashmeter69.41%
Median Price$489,950
Median Rent Price$1,887
Price/sqft$353
Median Days on Market56
Price to Rent Ratio24.1
Average Cap Rate
Airbnb0.16%
Traditional1.63%
Average Rental Income
Airbnb$1,773
Traditional$2,070
 
Median Household Income$86,771
Population647,805
Transportation in Portland
65 / 100
Somewhat Walkable
52 / 100
Good Transit
81 / 100
Very Bikeable
Portland  Rent Prices
RENTAL STRATEGY STUDIOS 1 ROOM 2 ROOMS 3 ROOMS 4 ROOMS
Airbnb$1,251$1,378$1,891$3,258$4,420
Traditional$1,316$1,325$1,590$2,166$2,764
Portland, OR - Homes for Sale - Newly Listed
$599,999
MLS 21676137
3805 N MICHIGAN AVE
Portland, OR 97227
Boise
Townhouse
3 beds3 baths1,753 sq.ft.
CAP RATE
Trad. 1.50%Airbnb 1.40%
$339,900
MLS 21460685
814 SE 27TH AVE
Portland, OR 97214
Sunnyside
Condo/Coop
2 beds1 baths876 sq.ft.
CAP RATE
Trad. 2.05%Airbnb 0.81%
$325,000
MLS 21507733
1500 SW 11TH AVE 1203
Portland, OR 97201
Downtown
Condo/Coop
1 beds1 baths536 sq.ft.
CAP RATE
Trad. 1.91%Airbnb -0.17%
$415,000
MLS 21458234
3925 SE 14TH AVE
Portland, OR 97202
Brooklyn
Single Family Residential
2 beds1 baths704 sq.ft.
CAP RATE
Trad. 1.72%Airbnb 3.99%
Top Performing Portland Properties
$490,000
MLS 21305262
8891 NE TILLAMOOK ST
Portland, OR 97220
Madison South
Single Family Residential
3 beds3 baths1,512 sq.ft.
CAP RATE
Trad. 2.39%Airbnb 7.77%
$615,000
MLS 21667577
2515 SW 87TH AVE
Portland, OR 97225
Sylvan Highlands
Single Family Residential
3 beds3 baths1,878 sq.ft.
CAP RATE
Trad. 5.26%Airbnb 7.72%
$889,900
MLS 21544703
2202 NE 25TH AVE
Portland, OR 97212
Sullivan's Gulch
Single Family Residential
4 beds2 baths3,096 sq.ft.
CAP RATE
Trad. 1.57%Airbnb 7.52%
$280,000
MLS
6174 SE Lake Rd
Portland, OR 97222
Brentwood-Darlington
Townhouse
3 beds3 baths0 sq.ft.
CAP RATE
Trad. 3.10%Airbnb 7.35%
Recently Sold Homes in Portland, OR
$895,000
MLS 21609420
3745 SE BELMONT ST
Portland, OR 97214
Sunnyside
Multi Family
0 beds0 baths2,113 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$3,450,000
MLS 770802
3401 SE Belmont St
Portland, OR 97068
Sunnyside
Multi Family
12 beds12 baths9,600 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$1,050,000
MLS 21013757
1525 SE 49TH AVE
Portland, OR 97215
Sunnyside
Multi Family
0 beds0 baths3,538 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$795,000
MLS 21134616
1702 SE 38TH AVE
Portland, OR 97214
Sunnyside
Multi Family
0 beds0 baths3,588 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Property Value Changes and Real Estate Appreciation in the Portland Housing Market

Portland also leads the nation when it comes to historic real estate appreciation. Since Q1 of 2000, Portland properties have appreciated a total of 158.51% for an average annual rate of 5.05%. Owning a Portland investment property would allow a real estate investor to enjoy significant appreciation as these historic trends continue into 2019 and beyond.

One more reason to invest in Portland real estate is that the market is currently a very cool buyer’s market. In combination with the relative affordability, the high appreciation, the increasing inventory, and the high demand for rental property, a Portland investment property makes for one of the most profitable investments.

Portland, OR Top Multi Family Homes
$379,900
MLS 21490026
2312 NE LOMBARD ST
Portland, OR 97211
Woodlawn
Multi Family
0 beds0 baths1,645 sq.ft.
CAP RATE
Trad. 2.88%Airbnb N/A
$739,000
MLS 21389077
2326 NE LOMBARD ST
Portland, OR 97211
Woodlawn
Multi Family
0 beds0 baths4,480 sq.ft.
CAP RATE
Trad. 2.26%Airbnb N/A
$649,900
MLS 20342318
1739 NE DEKUM ST
Portland, OR 97211
Woodlawn
Multi Family
0 beds0 baths2,720 sq.ft.
CAP RATE
Trad. 2.15%Airbnb N/A
$499,000
MLS 21573840
4639 SW BEAVERTON HILLSDALE HWY
Portland, OR 97221
Bridlemile
Multi Family
0 beds0 baths1,458 sq.ft.
CAP RATE
Trad. 2.06%Airbnb N/A
Homes Below Median Price in the Portland, OR Real Estate Market
$490,000
MLS 21305262
8891 NE TILLAMOOK ST
Portland, OR 97220
Madison South
Single Family Residential
3 beds3 baths1,512 sq.ft.
CAP RATE
Trad. 2.39%Airbnb 7.77%
$615,000
MLS 21667577
2515 SW 87TH AVE
Portland, OR 97225
Sylvan Highlands
Single Family Residential
3 beds3 baths1,878 sq.ft.
CAP RATE
Trad. 5.26%Airbnb 7.72%
$889,900
MLS 21544703
2202 NE 25TH AVE
Portland, OR 97212
Sullivan's Gulch
Single Family Residential
4 beds2 baths3,096 sq.ft.
CAP RATE
Trad. 1.57%Airbnb 7.52%
$280,000
MLS
6174 SE Lake Rd
Portland, OR 97222
Brentwood-Darlington
Townhouse
3 beds3 baths0 sq.ft.
CAP RATE
Trad. 3.10%Airbnb 7.35%
Portland Airbnb Growth and Regulations

Airbnb growth in the Portland real estate market was quickly evident as there were thousands of short-term rental listings across different vacation rental websites. So the city began regulating such rental properties in an attempt to protect residential  neighborhoods in Portland. Since 2014, all Airbnb investment properties that are non-owner occupied have been outlawed. The rental property must be your primary residence and you must live there for 9 months out of the year. If you wish to rent out on Airbnb while you’re away, there is a cap of 95 days. Guest stays are limited to 30 days at a time for up to 2 bedrooms in the rental property.

Besides this, Airbnb Portland hosts must obtain a permit from the local officials which will have to be renewed every 2 years. The initial fee for the permit is $178.08 and $62 upon renewal. The cost differs for multi-family homes which qualify for short-term rental permits. The initial fee is $100 and $62 upon renewal.

Short-term rental taxes are also a part of the Airbnb regulations in Portland (6%) as well as a county tax (5.5%). However, the short-term rental platform is responsible for collecting these taxes and remitting them to the city. 

Finally, while Airbnb hosts in Portland don’t need the permission of the other property owners in the neighborhood, they must send out a Neighborhood Notice as a courtesy.

Portland, OR Top Airbnb Homes
$88 per night
$88 per night
Entire home/apt · 1 bed
Magic Barn
691
$140 per night
Entire home/apt · 4 beds
Alberta St. Modern Craftsman
633
$85 per night
Entire home/apt · 2 beds
The Cedar Cottage
619
Portland, OR Homes for Rent
$1,750
$1,010
$2,100
$1,850
Portland, OR Open Houses
Open 12 PM to 3 PM
$415,000
MLS 21458234
3925 SE 14TH AVE
Portland, OR 97202
Brooklyn
Single Family Residential
2 beds1 baths704 sq.ft.
CAP RATE
Trad. 1.72%Airbnb 3.99%
Open 11 AM to 1 PM
$450,000
MLS 21097257
1540 SE MARTINS ST J
Portland, OR 97202
Sellwood-Moreland
Condo/Coop
2 beds3 baths1,243 sq.ft.
CAP RATE
Trad. -0.17%Airbnb -1.06%
Open 11 AM to 1 PM
$549,900
MLS 21249456
9539 N SENECA ST
Portland, OR 97203
Cathedral Park
Single Family Residential
4 beds3 baths2,100 sq.ft.
CAP RATE
Trad. 2.73%Airbnb 2.22%
Open 10 AM to 12 PM
$525,000
MLS 21470511
4727 NE 32ND AVE
Portland, OR 97211
Concordia
Single Family Residential
2 beds1 baths1,376 sq.ft.
CAP RATE
Trad. 1.51%Airbnb 0.74%
Best Portland Neighborhoods for Buying Investment Property
65%
Mashmeter
property price
$399,000
Median
cap rate
6.57%
Traditional
7.78%
Airbnb
rental income
$2,186
Traditional
$2,587
Airbnb
homes for sale
0
occupancy rate
67%
Airbnb
86%
Mashmeter
property price
$315,000
Median
cap rate
8.63%
Traditional
8.98%
Airbnb
rental income
$2,265
Traditional
$2,358
Airbnb
homes for sale
23
occupancy rate
49%
Airbnb
66%
Mashmeter
property price
$492,000
Median
cap rate
6.97%
Traditional
7.07%
Airbnb
rental income
$2,856
Traditional
$2,900
Airbnb
homes for sale
86
occupancy rate
50%
Airbnb
67%
Mashmeter
property price
$239,450
Median
cap rate
12.25%
Traditional
16.35%
Airbnb
rental income
$2,444
Traditional
$3,262
Airbnb
homes for sale
4
occupancy rate
54%
Airbnb
82%
Mashmeter
property price
$847,450
Median
cap rate
3.06%
Traditional
4.22%
Airbnb
rental income
$2,159
Traditional
$2,982
Airbnb
homes for sale
5
occupancy rate
61%
Airbnb