Rental Markets in Oregon

DoorBase tracks rental market data across Oregon by ZIP code. This state page is a crawlable index for investors comparing rents, cap-rate estimates, vacancy, demographics, home values, renter share, household income, and employment conditions before drilling into individual ZIP pages.

Oregon Rental Market Overview

The current sample of indexable Oregon ZIP markets shows average median rent of $1,827, average median home value of $515,299, average cap-rate high of 3.4%, average vacancy of 4.9%, renter ratio near 38.3%, and median household income around $86,134. These statewide figures are directional and should be used to compare markets before reviewing a specific ZIP code.

Oregon is not one rental market. Large cities, inner suburbs, commuter towns, college markets, rural counties, resort areas, and industrial corridors can produce very different rent levels and ownership economics. DoorBase keeps the canonical content at the ZIP level so investors can move from a broad state view into the most precise local data available.

Featured Oregon ZIP Markets

ZIP	City	Rent	Cap Rate	Vacancy	Population
97229	Portland	$2,201	1.4-3%	2.8%	75,626
97045	Oregon City	$1,991	1.6-3.2%	3.7%	57,432
97301	Salem	$1,492	2.1-3.7%	4.7%	56,274
97124	Hillsboro	$1,919	1.8-3.4%	3.2%	54,351
97402	Eugene	$1,775	2.4-4%	3.4%	54,199
97702	Bend	$2,278	1.6-3.2%	7%	53,114
97504	Medford	$1,802	2.1-3.7%	4.8%	50,471
97206	Portland	$2,001	2.3-3.9%	3.9%	50,258
97223	Portland	$1,918	1.6-3.2%	2.8%	50,226
97123	Hillsboro	$2,263	2.4-4%	3.3%	48,622
97401	Eugene	$1,628	1.5-3.1%	5.1%	48,186
97007	Beaverton	$1,880	1.5-3.1%	2.5%	48,081
97080	Gresham	$1,648	1.5-3.1%	3.6%	47,548
97405	Eugene	$2,112	2.1-3.7%	4%	46,870
97006	Beaverton	$1,896	2-3.6%	2.8%	45,556
97305	Salem	$1,551	1.9-3.5%	3.1%	45,044
97501	Medford	$1,590	2.3-3.9%	5.9%	45,008
97330	Corvallis	$1,691	1.3-2.9%	5.4%	44,464
97756	Redmond	$2,068	2.1-3.7%	7%	44,287
97202	Portland	$1,660	1.1-2.7%	4.3%	44,107
97219	Portland	$1,942	1.4-3%	4%	43,111
97701	Bend	$2,098	1.7-3.3%	5.6%	42,543
97230	Portland	$1,521	1.6-3.2%	6.1%	41,682
97302	Salem	$1,427	1.4-3%	4.1%	40,954
97303	Salem	$1,584	1.7-3.3%	3.2%	40,893
97478	Springfield	$1,775	2.2-3.8%	3.9%	39,267
97128	Mcminnville	$1,669	1.7-3.3%	4.5%	38,625
97030	Gresham	$1,664	2-3.6%	5.5%	38,471
97236	Portland	$1,659	2-3.6%	4.5%	37,864
97477	Springfield	$1,623	2.1-3.7%	2.4%	37,837
97233	Portland	$1,506	1.9-3.5%	6.9%	37,518
97527	Grants Pass	$1,687	2.2-3.8%	5.9%	36,756
97222	Portland	$1,797	1.8-3.4%	4.6%	36,643
97322	Albany	$1,706	2.2-3.8%	2.9%	36,288
97526	Grants Pass	$1,652	2.3-3.9%	5.6%	36,109
97224	Portland	$1,834	1.4-3%	3.7%	36,015
97266	Portland	$1,744	2.4-4%	4.5%	35,992
97304	Salem	$1,844	1.9-3.5%	5.2%	34,846
97217	Portland	$1,653	1.6-3.2%	4.9%	34,756
97703	Bend	$2,742	1.2-2.8%	10.8%	34,476
97306	Salem	$1,759	1.8-3.4%	3.6%	34,160
97211	Portland	$2,048	1.8-3.4%	5.9%	33,713
97404	Eugene	$1,929	2.4-4%	4.8%	33,356
97355	Lebanon	$1,494	1.9-3.5%	4.2%	33,236
97203	Portland	$1,729	2-3.6%	3.9%	33,159
97603	Klamath Falls	$1,402	2.3-3.9%	4.7%	32,212
97071	Woodburn	$1,730	2.1-3.7%	3%	31,847
97132	Newberg	$2,090	2-3.6%	5.7%	31,715
97213	Portland	$1,735	1.5-3.1%	4.6%	31,238
97267	Portland	$1,689	1.4-3%	4.1%	31,160
97321	Albany	$1,841	1.8-3.4%	3.3%	30,996
97068	West Linn	$2,456	1.5-3.1%	5.3%	30,254
97116	Forest Grove	$1,721	1.6-3.2%	3%	29,598
97502	Central Point	$1,978	2.6-4.2%	2.4%	29,583
97008	Beaverton	$1,779	1.5-3.1%	3.1%	29,183
97062	Tualatin	$1,914	1.4-3%	5.2%	28,620
97214	Portland	$1,682	1-2.6%	6.3%	28,128
97140	Sherwood	$2,599	2.2-3.8%	2.7%	27,999
97838	Hermiston	$1,708	2.7-4.3%	5.9%	27,979
97005	Beaverton	$1,860	2-3.6%	3.8%	27,812

Notable ZIP Markets in This Sample

The highest estimated cap-rate band in this sample tops out at 4.6% in ZIP 97209 (Portland).

The lowest vacancy in this sample is 2.0% in ZIP 97078 (Beaverton).

The highest median rent in this sample is $2,833 in ZIP 97034 (Lake Oswego).

The highest median household income in this sample is $159,863 in ZIP 97229 (Portland).

Rental Markets by City

Portland

Portland has 21 ZIP codes in this sample. Median rents range from $1,506 to $2,267. Estimated cap-rate bands reach up to 4.6% at the high end. Vacancy averages 4.9%. See ZIP 97229 for the full market profile.

Salem

Salem has 7 ZIP codes in this sample. Median rents range from $1,427 to $1,844. Estimated cap-rate bands reach up to 3.7% at the high end. Vacancy averages 3.8%. See ZIP 97301 for the full market profile.

Beaverton

Beaverton has 5 ZIP codes in this sample. Median rents range from $1,779 to $1,896. Estimated cap-rate bands reach up to 3.6% at the high end. Vacancy averages 2.8%. See ZIP 97007 for the full market profile.

Eugene

Eugene has 4 ZIP codes in this sample. Median rents range from $1,628 to $2,112. Estimated cap-rate bands reach up to 4.0% at the high end. Vacancy averages 4.3%. See ZIP 97402 for the full market profile.

Bend

Bend has 3 ZIP codes in this sample. Median rents range from $2,098 to $2,742. Estimated cap-rate bands reach up to 3.3% at the high end. Vacancy averages 7.8%. See ZIP 97702 for the full market profile.

Hillsboro

Hillsboro has 2 ZIP codes in this sample. Median rents range from $1,919 to $2,263. Estimated cap-rate bands reach up to 4.0% at the high end. Vacancy averages 3.3%. See ZIP 97124 for the full market profile.

Medford

Medford has 2 ZIP codes in this sample. Median rents range from $1,590 to $1,802. Estimated cap-rate bands reach up to 3.9% at the high end. Vacancy averages 5.3%. See ZIP 97504 for the full market profile.

Gresham

Gresham has 2 ZIP codes in this sample. Median rents range from $1,648 to $1,664. Estimated cap-rate bands reach up to 3.6% at the high end. Vacancy averages 4.5%. See ZIP 97080 for the full market profile.

Springfield

Springfield has 2 ZIP codes in this sample. Median rents range from $1,623 to $1,775. Estimated cap-rate bands reach up to 3.8% at the high end. Vacancy averages 3.1%. See ZIP 97478 for the full market profile.

Grants Pass

Grants Pass has 2 ZIP codes in this sample. Median rents range from $1,652 to $1,687. Estimated cap-rate bands reach up to 3.9% at the high end. Vacancy averages 5.8%. See ZIP 97527 for the full market profile.

Corvallis

Corvallis has 2 ZIP codes in this sample. Median rents range from $1,691 to $1,808. Estimated cap-rate bands reach up to 3.3% at the high end. Vacancy averages 5.7%. See ZIP 97330 for the full market profile.

Albany

Albany has 2 ZIP codes in this sample. Median rents range from $1,706 to $1,841. Estimated cap-rate bands reach up to 3.8% at the high end. Vacancy averages 3.1%. See ZIP 97322 for the full market profile.

How to Use the Oregon Directory

Start with the state page to understand the range of rental markets, then open individual ZIP pages for the numbers that matter most to underwriting. A state average can hide important local differences. One ZIP may have stronger rent growth and lower vacancy while a nearby ZIP has better purchase prices but weaker renter demand.

The most useful investor workflow is to compare rent, cap rate, vacancy, home value, renter ratio, household income, population growth, unemployment, and job growth together. No single number is enough. A high cap-rate estimate can be offset by weak income, high vacancy, or limited tenant demand. A lower cap-rate estimate can still make sense if the market has strong income, job growth, and durable renter demand.

State Coverage and Internal Links

This page links into the canonical ZIP URL structure, such as /rentals/or/30318, without bringing back city parent pages. That structure keeps DoorBase clean for search engines: state pages organize the directory, ZIP pages hold the canonical data, and future market guides can exist separately as heavier editorial SEO hubs.

DoorBase currently tracks 80 sampled ZIP markets across 36 Oregon cities in this crawlable state summary. The live React page may show a broader interactive directory after JavaScript loads, while this fallback body ensures crawlers receive meaningful text and links immediately.