Real Estate Investing in Portland, Oregon (97227)
Should you buy in 97227 (Portland, OR)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Declining values: -0.5% 5-year CAGR — values have moved lower.
- High price-to-rent: Price-to-rent ratio 30.1 — hard to cash-flow at these prices.
What’s happening in Portland, OR (97227)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97227 Portland
The 97227 ZIP covers a section of Portland that demands careful diligence. Prices near $569K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 97227 can be a worth a close look for hunting ground — but the discount at $569K reflects genuine risk that outside investors often underestimate.
ZIP 97227's metrics run below Multnomah County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 97227 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 97227 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.
Here's what matters if you're considering buying a home in Portland:
Property Strategy for 97227
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $451,953 | $1,930 | 3.1% | -1.1% | $225,976 |
| 3BR | $579,438 | $2,630 | 3.3% | +0.5% | $193,146 |
| 4BR | $693,748 | $3,120 | 3.2% | +0.3% | $173,437 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97227 Compare?
| Metric | 97227 | Portland | Oregon |
|---|---|---|---|
| Home Value | $569,496 | $523,055 | $493,884 |
| 5-Year CAGR | N/A | 0.9% | 4.9% |
| Avg Rent | $1,578 | $1,755 | - |
| Cap Rate | 2.2% | 2.5% | - |
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 97227 (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 | $569,496 |
| Monthly Rent | $1,578 |
| Price-to-Rent | 30.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 1.6% |
📈 Home Appreciation
| 1-Year | +0.0% ▲ |
| 3-Year CAGR | -0.4% ▼ |
| 5-Year CAGR | -0.5% ▼ |
| 10-Year CAGR | +2.0% ▲ |
🏠 Rent Trends
| 1-Year | -2.9% ▼ |
| 3-Year CAGR | -0.7% ▼ |
| 5-Year CAGR | +1.2% ▲ |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (2.2%). 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 97227
Population: 6,378
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 97227
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Irvington Elementary School
Le Monde French Immersion Public Charter School
Beaumont Middle School
Buckman Elementary School
Chapman 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 Portland in OR worth investing in?
With a 2.0/5 investability score, Portland, OR ranks as a solid market for rental property investors. Median prices of $569K and rents of $1,578/mo drive the underlying numbers.
What real estate strategy is ideal for Portland, OR?
A careful cash-flow rentals with hands-on management strategy Portland, OR best. The market produces even-keeled results for that approach at the $569K price point.
How do landlord-tenant laws work in Portland, OR?
Rental owners in Portland, OR deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Do landlords face vacancy issues in Portland, OR?
Portland, OR sees elevated vacancy, which is reasonable relative to the broader OR rental market.
Can I live-in-and-rent in Portland, OR?
House hacking works a challenging in Portland, OR. Rents of $1,578/mo against $569K acquisition make the strategy solid for owner-occupants.
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