Portland, OR Rental Market for Investors
An estimated 36% of Portland's active listings could cash-flow as a short-term rental — here's what the numbers say for investors, as of August 2026.
Homes in Portland that pencil right now
A sample of active Portland listings whose DSCR clears 1.25 using short-term rental income projections we accept as a direct lender. These are spread across the price range, not ranked, and current as of August 2026.
$149,900DSCR 1.301 bed · 1 bath · 513 sqft
- STR revenue
- $23,652/yr
- Est. interest-only payment
- $1,211/mo
On the market 44 days · Listed by Equity Oregon Real Estate
Scout this home & market: 1-bed condo in Portland
$210,000DSCR 1.332 bed · 1 bath · 1,056 sqft
- STR revenue
- $45,781/yr
- Est. interest-only payment
- $2,292/mo
On the market 116 days · Listed by Opendoor Brokerage, LLC
Scout this home & market: 2-bed condo in Portland
$235,000DSCR 1.351 bed · 1 bath · 855 sqft
- STR revenue
- $26,337/yr
- Est. interest-only payment
- $1,296/mo
On the market 24 days · Listed by John L. Scott Portland Metro
Scout this home & market: 1-bed house in Portland
$319,900DSCR 1.672 bed · 2.5 bath · 1,015 sqft
- STR revenue
- $47,616/yr
- Est. interest-only payment
- $1,899/mo
On the market 138 days · Listed by Keller Williams Realty Portland Premiere
Scout this home & market: 2-bed condo in Portland
$344,900DSCR 1.862 bed · 2.5 bath · 953 sqft
- STR revenue
- $61,191/yr
- Est. interest-only payment
- $2,188/mo
On the market 94 days · Listed by Neighbors Realty
Scout this home & market: 2-bed townhouse in Portland
$397,500DSCR 2.104 bed · 1.5 bath · 2,568 sqft
- STR revenue
- $71,345/yr
- Est. interest-only payment
- $2,261/mo
On the market 653 days · Listed by John L. Scott Portland Northeast
Scout this home & market: 4-bed house in Portland
$518,000DSCR 1.674 bed · 3 bath · 2,434 sqft
- STR revenue
- $88,383/yr
- Est. interest-only payment
- $3,521/mo
On the market 130 days · Listed by Berkshire Hathaway HomeServices Northwest Real Estate - Sandy Office
Scout this home & market: 4-bed house in Portland
$619,000DSCR 1.303 bed · 3.5 bath · 1,757 sqft
- STR revenue
- $76,021/yr
- Est. interest-only payment
- $3,891/mo
On the market 66 days · Listed by Sunbreak Realty, LLC
Scout this home & market: 3-bed house in Portland
$679,900DSCR 1.394 bed · 2 bath · 3,260 sqft
- STR revenue
- $85,041/yr
- Est. interest-only payment
- $4,066/mo
On the market 65 days · Listed by Farrell Realty & Property Management
Scout this home & market: 4-bed house in Portland
As of August 2026, we analyzed 2,884 active for-sale homes in Portland, Oregon. The typical listing is priced at $550,000 and is projected to generate about $47,379 a year as a short-term rental.
After setting aside an estimated 20% for operating costs, an estimated 35.5% of those homes could still cover an investor mortgage payment on short-term-rental income — below the 52.5% median across the 200 major metros we track, ranking Portland #155 of 200 for cash-flow potential.
On market momentum: homes in Portland sit a median of 65 days on the market, and 26% of active listings came on in just the last 30 days — a steadily paced market, which shapes how much room there is to negotiate.
For a DSCR loan — which qualifies on the property's rental income rather than your personal income — Portland runs tighter once operating costs are accounted for: many listings need a below-median price, a stronger short-term-rental setup, or more money down before the income covers the payment. It's a market where running the numbers property-by-property matters.
What actually works in Portland
Cash-flow is the exception rather than the rule in Portland right now: 273 of the 2,214 Portland homes, condos and townhomes we can price confidently clear a DSCR of 1.25. Nine in ten of them are priced under $670,000.
| Price | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| $150k–$250k | 8%0.92 | 48%1.23 | 81%1.37 | — | — |
| $250k–$350k | 2%0.76 | 30%1.08 | 22%1.11 | — | — |
| $350k–$500k | 0%0.57 | 10%0.90 | 5%0.95 | 65%1.37 | — |
| $500k+ | 0%0.37 | 0%0.58 | 2%0.78 | 9%0.85 | 15%0.88 |
Darker means a larger share of that group cash-flows. “—” means fewer than 8 active listings — too few to draw a conclusion from.
Portland in full
| Active for-sale homes analyzed | 2,884 |
|---|---|
| Median list price | $550,000 |
| Median projected STR revenue (annual, gross) | $47,379 |
| Median average daily rate (ADR) | $198 |
| Median occupancy | 65% |
| Median beds | 3 |
| Median size | 1,743 sqft |
| Estimated cash-flow-positive share | 35.5% |
| Median days on market | 65 days |
| New listings (last 30 days) | 26.2% of active |
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