Real Estate Investing in Gladstone, Oregon (97027)

Clackamas County • Population: 12,413 • Data updated: June 2026

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Should you buy in 97027 (Gladstone, OR)? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (57/100)

Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High price-to-rent: Price-to-rent ratio 25.6 — hard to cash-flow at these prices.

What’s happening in Gladstone, OR (97027)?

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3.0/ 5

Investability

Overall investment appeal

2.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $520,941
Avg Monthly Rent $1,699
1% Rule ✗ Does Not Meet
Median Income $90,787
% Renters 35.0%

Market Analysis: 97027 Gladstone

ZIP 97027 inside Clackamas County looks affordable on the surface — median value of $521K — but the discount exists for reasons that a careful buyer should understand before committing.

Distressed markets are won on execution, not on spreadsheets. ZIP 97027 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.

The gap between 97027 and stronger Gladstone ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.

The 97027 ZIP's population of 12,413 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.

Strategically, 97027 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.49% as of Jun 25 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Gladstone:

C+ Average
Buy Confidence Score: 62/100
Affordability
10/25
Appreciation
18/25
Stability
11/20
Timing
8/15
Rental backup
15/15
Affordability
Expensive
Homes cost 5.7× the median income
Value Trend
Stable (+1.1%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $1,699/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.
🏠

Property Strategy for 97027

Which property type performs best in this market?

Best for Cash Flow
4BR
4.1% cap rate
Best for Appreciation
3BR
+5.1% 5yr CAGR
Best Overall Value
4BR
$141,888/bedroom
📊 Compare All Property Types →
Type Median Value Est. Rent Cap Rate 5yr CAGR $/Bedroom
2BR $396,826 $1,980 3.6% +4.2% $198,413
3BR $495,994 $2,700 3.9% +5.1% $165,331
4BR $567,552 $3,200 4.1% +4.9% $141,888

Market Trends

Home Value History (with trend line)

$551K$473K$394K$316K$237K$159KMay 2006May 2016May 2026

Rent History (with trend line)

$1,927$1,867$1,807$1,746$1,686$1,626Jan 2023Sep 2024May 2026

📊 How Does 97027 Compare?

Metric 97027 Gladstone Oregon
Home Value $520,941 $520,941 $493,884
5-Year CAGR 3.5% 3.5% 4.9%
Avg Rent $1,699 $1,699 -
Cap Rate 2.5% 2.5% -
💡 Why Invest in 97027? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

A healthy rental market with 35% renter-occupied households ensures tenant availability.

📊 See where this ZIP ranks in our Best-of lists →
A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 97027 (Gladstone, OR). Anonymous, moderated, never written by AI.

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Property managers serving Clackamas County

Manage rentals here? List your business →

Eagle Property Management is Portland's premier property management team, serving Portland and Lake Oswego, OR. summary from their website

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Illume Property Management and North Coast Property Management eliminate the stress of property ownership and remodeling in the Portland Metro Area and on the Oregon Coast. summary from their website

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Real Property Management helps protect investments, provides professional service, minimizes costs, and maximizes income for property owners. summary from their website

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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Investability
Good
Cap Rate
2.5%
Low
5yr Growth
+3.5%
Moderate

📊 Market Snapshot

Home Value $520,941
Monthly Rent $1,699
Price-to-Rent 25.6:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 3.9%
Cap Rate 2.5%
5-Year IRR 6.1%

📈 Home Appreciation

1-Year +1.1% ▲
3-Year CAGR +1.8% ▲
5-Year CAGR +3.5% ▲
10-Year CAGR +5.8% ▲

🏠 Rent Trends

1-Year -4.9% ▼
3-Year CAGR -1.5% ▼
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 2.5%  |  30yr Rate: 6.5%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (2.5%). 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.

Vacancy
2.4%
Low risk
Landlord Climate
4.0/5
Friendly
Value Trend (5yr)
+3.5%
Stable
Eviction process: Fast Rent control: Unfavorable

Demographics in 97027

Population: 12,413

💰 Median Household Income
$90,787
This area
$90,787
State
$71,325
USA
$74,580
🏠 Renter Occupied
35.0%
This area
35.0%
State
28.8%
USA
34.0%
💼 Unemployment Rate
3.8%
This area
3.8%
State
-6.1%
USA
3.7%
🎓 College Educated
26.8%
This area
26.8%
State
13.8%
USA
33.7%
👤 Median Age
43.3 years
This area
43.3 years
State
31.5 years
USA
38.9 years
🏚️ Vacancy Rate
2.4%
This area
2.4%
State
17.2%
USA
10.5%
👥 Population by Ethnicity
White 82.8%
Other/Mixed 13.4%
Hispanic/Latino 5.5%
Asian 1.9%
Black/African American 1.8%
👶 Under 18
17.6%
This area
17.6%
USA
22.0%
👴 65 and Over
19.1%
This area
19.1%
USA
17.3%
📊 Poverty Rate
10.7%
This area
10.7%
USA
11.5%

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 97027

A Avg School Grade
4 Schools
16.2:1 Avg Class Size
$17,300 Avg Per Pupil

Schools in This ZIP Code

A Very Good

Gladstone Center for Children and Families

📚 Pre-K – K Elementary
👥
97 Students
👨‍🏫
10.8:1 Class Size
💰
$17,300 Per Student
A Very Good

John Wetten Elementary School

📚 01 – 05 Elementary
👥
588 Students
👨‍🏫
17.6:1 Class Size
💰
$17,300 Per Student
A Very Good

Walter L Kraxberger Middle School

📚 06 – 08 Middle
👥
338 Students
👨‍🏫
15.2:1 Class Size
💰
$17,300 Per Student
B+ Above Average

Gladstone High School

📚 09 – 12 High School
👥
571 Students
👨‍🏫
21.0:1 Class Size
💰
$17,300 Per Student

Nearby Schools (5 more)

Schools in adjacent ZIP codes that may serve this area

A Very Good

Bilquist Elementary School

📚 K – 05 Elementary
📍 15708 SE Webster Rd, Milwaukie
👥
380 Students
👨‍🏫
16.8:1 Class Size
💰
$19,530 Per Student
A Very Good

Riverside Elementary School

📚 K – 05 Elementary
📍 16303 SE River Rd, Milwaukie
👥
337 Students
👨‍🏫
17.9:1 Class Size
💰
$19,530 Per Student
B+ Above Average

New Urban High School

📚 09 – 12 High School
📍 1901 SE Oak Grove Blvd, Milwaukie
👥
254 Students
👨‍🏫
15.2:1 Class Size
💰
$19,530 Per Student
B+ Above Average

View Acres Elementary School

📚 K – 05 Elementary
📍 4828 SE View Acres Rd, Milwaukie
👥
372 Students
👨‍🏫
19.8:1 Class Size
💰
$19,530 Per Student
B+ Above Average

Candy Lane Elementary School

📚 K – 05 Elementary
📍 5901 SE Hull St, Milwaukie
👥
383 Students
👨‍🏫
22.6:1 Class Size
💰
$22,468 Per Student
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

8 Nearby 8,393 Off-Campus Students
C+
Phagans School of Hair Design
203 students · 3.5 mi
C
Northwest College-Clackamas
31 students · 3.6 mi
C
Clackamas Community College
5,153 students · 4.5 mi
C+
Lewis & Clark College
3,526 students · 5.8 mi
B
Reed College
1,458 students · 6.7 mi
C
Portland Community College
20,033 students · 7.6 mi
C
American College of Healthcare Sciences
1,042 students · 8.0 mi
C+
Northwest College-Tualatin
28 students · 8.2 mi

Investor Insight: With 8,393 students living off-campus nearby, this area has strong rental demand from the college population.

Frequently Asked Questions

What price range are homes in Gladstone, OR?

Median home price in Gladstone, OR is near $521K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.

Is rental property easy to operate in Gladstone, OR?

Landlord-friendliness in Gladstone, OR is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.

Is real estate in Gladstone, OR a good investment right now?

Gladstone, OR rates 3.0/5 for investability. With median values at $521K and rents near $1,699/mo, the market offers reasonable fundamentals for rental investors.

What do landlords charge for rent in Gladstone, OR?

Rent in Gladstone, OR is around $1,699/mo. The resulting rent-to-value relationship with $521K pricing is reasonable for most investor models.

What does house hacking look like in Gladstone, OR?

The a challenging house-hack environment in Gladstone, OR reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.

See what 97027 really looks like for investors

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