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

Written by

Matt Abadi

Founder, DealIntel

Matt Abadi is the founder of DealIntel. He leads the development of the platform's six-strategy underwriting engine, 25-point Kill List, and Monte-Carlo financial model — the institutional analysis stack DealIntel applies to every fix and flip deal. DealIntel was founded in 2025 with the central thesis that knowing when not to invest is the most valuable number on the page.

Last reviewed: 2026-04