What is the median home price in Portland?

The median home price in Portland, OR is currently in the $525k – $595k range (data as of 2026-04). For fix-and-flip investors, distressed acquisition typically runs 65–80% of median, depending on submarket and condition.

What is a good cap rate in Portland?

Stabilized rental cap rates in Portland, OR typically fall in the 4.5% – 5.8% range as of 2026-04. Higher cap rates are common in older / B-tier submarkets, lower in A-tier neighborhoods with strong appreciation.

What are the best strategies for real estate investing in Portland?

The strategies that work best in Portland, OR are Multi-Unit Conversion, ADU, Fix & Flip. That makes Portland a top market for SFR-to-multifamily conversion plays. See the strategy comparison below for the full playbook.

What is the average days on market in Portland?

Days on market in Portland, OR currently runs 38 – 52 days (data as of 2026-04). Faster DOM favors Fix & Flip exits; slower DOM (60+ days) usually pushes operators toward BRRRR or rental hold.

What is the average rent in Portland?

Median rent in Portland, OR is $2,000 – $2,400 / mo as of 2026-04. The most relevant rental benchmark for BRRRR is the 1% rule (monthly rent ≥ 1% of all-in cost) — verify against submarket-specific rent comps before underwriting.

Market · OR · 2026 data

Fix and Flip in Portland, OR

Middle-housing legalized state-wide; multi-unit conversion-first market.

Portland market thesis

Portland is one of the most regulatorily friendly markets for Multi-Unit Conversion in the country — Oregon HB 2001 (2019) legalized duplex/triplex/fourplex on virtually all SFR lots in cities over 25,000 population. That makes Portland a top market for SFR-to-multifamily conversion plays.

Key metrics

$525k – $595k

Median home price

DealIntel · 2026-04

$2,000 – $2,400 / mo

Median rent

DealIntel · 2026-04

38 – 52 days

Days on market (median)

DealIntel · 2026-04

4.5% – 5.8%

Stabilized cap rate range

DealIntel · 2026-04

$75 – $135

Typical rehab cost / sqft

DealIntel · 2026-04

+18% to +26%

5-year appreciation

DealIntel · 2026-04

-0.2% / yr

Population growth (annual)

BLS · 2026-04

Top investor neighborhoods in Portland

Mt. Tabor / MontavillaMulti-unit conversion territory
CullyMid-tier flip, gentrification path
LentsSub-$450k entry, BRRRR
SellwoodPremium flip, retail-buyer pull
St. JohnsMulti-unit + ADU combo

Best strategies for Portland

Of DealIntel's six underwritten strategies, the following rank best-fit-first for Portland, OR. Every property in the platform is scored against all six paths in parallel; these are the ones that consistently produce the highest risk-adjusted return in this market.

Tailwinds — what's working in Portland

Nike + Intel + healthcare employment base
Oregon HB 2001 creates a duplex/triplex/fourplex right-of-way
ADU + middle housing combo unmatched in any other metro

Kill flags — common ways Portland deals fail

Oregon CAT tax (corporate activity tax) on entities
Demolition-of-existing-structure regulations are strict
Cooling Portland market — flip exit timelines extended

DealIntel's 25-point kill list catches these and 20+ others on every property — see the platform overview for how the kill list runs before strategy evaluation begins.

ADU and multi-unit regulation in Portland

Oregon HB 2001 (2019) legalized duplex on all SFR lots state-wide in cities >10k population, and triplex/fourplex in cities >25k. Portland's Residential Infill Project (RIP, 2021) further expanded what can be built. This is the most permissive multi-unit regime among major US metros.

For state-by-state ADU and middle-housing regulatory background, see the ADU strategy guide and the multi-unit conversion guide.

Underwrite a deal in this market

Run a free ARV, MAO, or BRRRR calculation on a Portland property using the calculators below. For full kill-list + six-strategy evaluation + Investment Memorandum PDF, see pricing — pay-per-deal from $149.

ARV calculatorConfidence-weighted comp method MAO (70% rule) calculatorMaximum allowable offer math BRRRR calculatorFull Buy-Rehab-Rent-Refi-Repeat model Cap rate calculatorNOI / value with asset-class ranges

Nearby markets and related guides

Reviewed by

DealIntel Research

Underwriting and Real Estate Research Team

DealIntel's underwriting team builds and maintains the platform's six-strategy engine, 25-point kill list, and Monte-Carlo financial model. Every piece of long-form content on dealintel.io is reviewed by an underwriter with direct experience scoring residential investment deals.

Last reviewed: 2026-04