Portland, OR Rental Market for Investors
An estimated 34% of Portland's active listings could cash-flow as a short-term rental — here's what the numbers say for investors, as of October 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 October 2026.
$220,000DSCR 1.332 bed · 2 bath · 1,348 sqft
- STR revenue
- $41,406/yr
- Est. interest-only payment
- $2,077/mo
On the market 313 days · Listed by Premiere Property Group, Llc
Scout this home & market: 2-bed house in Portland
$225,000DSCR 1.421 bed · 1 bath · 855 sqft
- STR revenue
- $26,770/yr
- Est. interest-only payment
- $1,257/mo
On the market 74 days · Listed by John L. Scott Portland Metro
Scout this home & market: 1-bed house in Portland
$379,900DSCR 1.412 bed · 2.5 bath · 1,018 sqft
- STR revenue
- $50,582/yr
- Est. interest-only payment
- $2,385/mo
On the market 53 days · Listed by Harcourts Real Estate Network Group
Scout this home & market: 2-bed condo in Portland
As of October 2026, we analyzed 2,929 active for-sale homes in Portland, Oregon. The typical listing is priced at $544,400 and is projected to generate about $47,089 a year as a short-term rental.
After setting aside an estimated 20% for operating costs, an estimated 34.4% of those homes could still cover an investor mortgage payment on short-term-rental income — below the 53.1% median across the 200 major metros we track, ranking Portland #160 of 200 for cash-flow potential.
On market momentum: homes in Portland sit a median of 72 days on the market, and 25% of active listings came on in just the last 30 days — a slower-moving 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: 293 of the 2,246 Portland homes, condos and townhomes we can price confidently clear a DSCR of 1.25. Nine in ten of them are priced under $665,000.
| Price | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Under $150k | 11%1.11 | — | — | — | — |
| $150k–$250k | 11%0.90 | 43%1.21 | 74%1.31 | — | — |
| $250k–$350k | 2%0.76 | 28%1.07 | 28%1.11 | — | — |
| $350k–$500k | 0%0.57 | 10%0.88 | 5%0.92 | 62%1.30 | — |
| $500k+ | 0%0.30 | 0%0.57 | 3%0.77 | 10%0.87 | 19%0.87 |
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 | 2,929 |
|---|---|
| Median list price | $544,400 |
| Median projected STR revenue (annual, gross) | $47,089 |
| Median average daily rate (ADR) | $193 |
| Median occupancy | 65% |
| Median beds | 3 |
| Median size | 1,739 sqft |
| Estimated cash-flow-positive share | 34.4% |
| Median days on market | 72 days |
| New listings (last 30 days) | 25.2% of active |
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Estimates for educational purposes. Final terms subject to credit, property & program approval.
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Prefer to talk now? Call or text Chad: 858-353-8331.