Real Estate Investing in Portland, Oregon (97267)

Clackamas County • Population: 31,160 • Data updated: June 2026

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Should you buy in 97267 (Portland, OR)? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (50/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 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 27.1 — hard to cash-flow at these prices.

What’s happening in Portland, OR (97267)?

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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 $548,763
Avg Monthly Rent $1,689
1% Rule ✗ Does Not Meet
Median Income $80,245
% Renters 27.2%

Market Analysis: 97267 Portland

Not every below-median market is a bargain. Portland's 97267 ZIP reports signals that favor experienced operators who can absorb the risk $549K pricing implies.

For an experienced owner, 97267 can be a a strong candidate for hunting ground — but the discount at $549K reflects genuine risk that outside investors often underestimate.

The gap between 97267 and stronger Portland ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.

The demographic picture in 97267 includes headwinds that any investor should price in. Income distribution skews lower than Portland averages, and tenant stability requires active management.

Strategy in 97267 is an operator game, not a passive one. In practical terms, entry prices of $549K are inviting, the management lift is real and non-optional.

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 Portland:

C Below Average
Buy Confidence Score: 59/100
Affordability
5/25
Appreciation
18/25
Stability
13/20
Timing
8/15
Rental backup
15/15
Affordability
Expensive
Homes cost 6.8× the median income
Value Trend
Stable (+2.0%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $1,689/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: This market may be challenging for buyers. Consider your timing and budget carefully.
🏠

Property Strategy for 97267

Which property type performs best in this market?

Best for Cash Flow
4BR
3.5% cap rate
Best for Appreciation
4BR
+4.8% 5yr CAGR
Best Overall Value
5BR
$131,287/bedroom
📊 Compare All Property Types →
Type Median Value Est. Rent Cap Rate 5yr CAGR $/Bedroom
2BR $412,203 $1,800 3.1% +3.7% $206,101
3BR $514,902 $2,470 3.5% +4.5% $171,634
4BR $598,965 $2,900 3.5% +4.8% $149,741
5BR $656,436 +4.6% $131,287

Market Trends

Home Value History (with trend line)

$579K$501K$423K$346K$268K$190KMay 2006May 2016May 2026

Rent History (with trend line)

$1,981$1,918$1,855$1,791$1,728$1,665Mar 2023Oct 2024May 2026

📊 How Does 97267 Compare?

Metric 97267 Portland Oregon
Home Value $548,763 $523,055 $493,884
5-Year CAGR 3.1% 0.9% 4.9%
Avg Rent $1,689 $1,755 -
Cap Rate 2.4% 2.5% -
💡 Why Invest in 97267? Click to expand

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

📊 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 97267 (Portland, 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

Unclaimed — is this your business? Claim it free

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
2.4%
Low
5yr Growth
+3.1%
Moderate

📊 Market Snapshot

Home Value $548,763
Monthly Rent $1,689
Price-to-Rent 27.1:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 3.7%
Cap Rate 2.4%
5-Year IRR 5.5%

📈 Home Appreciation

1-Year +2.0% ▲
3-Year CAGR +1.9% ▲
5-Year CAGR +3.1% ▲
10-Year CAGR +5.4% ▲

🏠 Rent Trends

1-Year -11.2% ▼
3-Year CAGR -0.9% ▼
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 2.4%  |  30yr Rate: 6.5%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (2.4%). 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
3.4%
Low risk
Landlord Climate
4.0/5
Friendly
Value Trend (5yr)
+3.1%
Stable
Eviction process: Fast Rent control: Unfavorable

Demographics in 97267

Population: 31,160

💰 Median Household Income
$80,245
This area
$80,245
State
$71,325
USA
$74,580
🏠 Renter Occupied
27.2%
This area
27.2%
State
28.8%
USA
34.0%
💼 Unemployment Rate
2.7%
This area
2.7%
State
-6.1%
USA
3.7%
🎓 College Educated
33.7%
This area
33.7%
State
13.8%
USA
33.7%
👤 Median Age
44.3 years
This area
44.3 years
State
31.5 years
USA
38.9 years
🏚️ Vacancy Rate
3.4%
This area
3.4%
State
17.2%
USA
10.5%
👥 Population by Ethnicity
White 83.0%
Other/Mixed 13.1%
Hispanic/Latino 7.1%
Asian 2.6%
Black/African American 1.4%
👶 Under 18
17.0%
This area
17.0%
USA
22.0%
👴 65 and Over
23.5%
This area
23.5%
USA
17.3%
📊 Poverty Rate
7.7%
This area
7.7%
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 97267

B+ Avg School Grade
8 Schools
19.4:1 Avg Class Size
$20,265 Avg Per Pupil

Schools in This ZIP Code

A Very Good

Bilquist Elementary School

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

Riverside Elementary School

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

New Urban High School

📚 09 – 12 High School
👥
254 Students
👨‍🏫
15.2:1 Class Size
💰
$19,530 Per Student
B+ Above Average

View Acres Elementary School

📚 K – 05 Elementary
👥
372 Students
👨‍🏫
19.8:1 Class Size
💰
$19,530 Per Student
B+ Above Average

Candy Lane Elementary School

📚 K – 05 Elementary
👥
383 Students
👨‍🏫
22.6:1 Class Size
💰
$22,468 Per Student
B+ Above Average

Alder Creek Middle School

📚 06 – 08 Middle
👥
831 Students
👨‍🏫
18.8:1 Class Size
💰
$19,530 Per Student
B Good

Jennings Lodge Elementary School

📚 Grade PK Elementary Limited Data
💰
$22,468 Per Student
C+ Average

Putnam High School

📚 09 – 12 High School
👥
1,063 Students
👨‍🏫
24.7:1 Class Size
💰
$19,530 Per Student

Nearby Schools (5 more)

Schools in adjacent ZIP codes that may serve this area

A Very Good

Ardenwald Elementary School

📚 K – 05 Elementary
📍 8950 SE 36th St, Milwaukie
👥
402 Students
👨‍🏫
17.5:1 Class Size
💰
$19,530 Per Student
A Very Good

Gladstone Center for Children and Families

📚 Pre-K – K Elementary
📍 18905 Portland Ave, Gladstone
👥
97 Students
👨‍🏫
10.8:1 Class Size
💰
$17,300 Per Student
A Very Good

John Wetten Elementary School

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

Walter L Kraxberger Middle School

📚 06 – 08 Middle
📍 17777 Webster Rd, Gladstone
👥
338 Students
👨‍🏫
15.2:1 Class Size
💰
$17,300 Per Student
A Very Good

Whitcomb Elementary School

📚 K – 05 Elementary
📍 7400 SE Thompson Rd, Milwaukie
👥
434 Students
👨‍🏫
17.2:1 Class Size
💰
$19,530 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 · 2.7 mi
C
Northwest College-Clackamas
31 students · 2.8 mi
C+
Lewis & Clark College
3,526 students · 4.0 mi
B
Reed College
1,458 students · 5.1 mi
C
Portland Community College
20,033 students · 6.0 mi
C
Clackamas Community College
5,153 students · 6.1 mi
C
American College of Healthcare Sciences
1,042 students · 6.2 mi
B
Warner Pacific University
350 students · 6.9 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 are rental rates like in Portland, OR?

Rental rates in Portland, OR average $1,689/mo. Tenant demand and $549K home values make the yield look reasonable by investor standards.

Is OR a landlord-friendly state?

The landlord environment in Portland, OR is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.

How high is vacancy risk in Portland, OR?

Vacancy risk in Portland, OR is elevated. That supports consistent cash flow for typical rental holds.

What investment strategy works best in Portland, OR?

In Portland, OR the notable play is typically careful cash-flow rentals with hands-on management. The combination of $549K prices and $1,689/mo rents suits that approach.

What kind of market is Portland, OR for investors?

Our data puts Portland, OR at 3.0/5 for investability. Home prices of $549K and rents around $1,689/mo create a solid backdrop for investor activity.

See what 97267 really looks like for investors

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