Best places to buy rental properties in Oregon

February 18, 2022
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Investing in Oregon

Oregon is a great place to buy rental properties because of its growing economy and breath-taking surroundings. With no sales tax and a low cost of living, Oregon offers many opportunities for tenants and homebuyers. The Nophin team crunched the numbers and found the five best places to invest in Oregon rental properties.

Statewide vacancy rates

OR Rental Vacancy Rate via Federal Reserve Bank of St. Louis

Portland, OR

Portland is the largest city in Oregon and the city's motto is "Keep Portland Weird". With hundreds of breweries and dozens of parks, Portland has something for everyone.

  • Population: 652,503
  • Median household income: $73,159
  • Median 1-bedroom monthly rent: $1,500
  • Median listing home price: $569,900

Eugene, OR

Eugene has a large student population as it's a college town home to the University of Oregon.

  • Population: 176,654
  • Median household income: $52,689
  • Median 1-bedroom monthly rent: $1,098
  • Median listing home price: $500,000

Salem, OR

Salem is the capital city of Oregon and is a large producer of cherries.

  • Population: 175,535
  • Median household income: $58,726
  • Median 1-bedroom monthly rent: $1,095
  • Median listing home price: $439,900

Bend, OR

Bend is the fifth largest city in Oregon and has scenic views and more than 20 golf courses.

  • Population: 99,178
  • Median household income: $67,973
  • Median 1-bedroom monthly rent: $1,600
  • Median listing home price: $799,900

Beaverton, OR

Beaverton is a city in Washington County and considered one of the nicest places to live in Oregon. Beaverton is also where Nike calls home.

  • Population: 97,494
  • Median household income: $77,745
  • Median 1-bedroom monthly rent: $1,595
  • Median listing home price: $590,000

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With FDIC-insured bank accounts and cards that seamlessly integrate with easy-to-use software, Nophin helps landlords increase returns and automate rental property finances. Check out what we offer on the Nophin homepage!


To help us determine the five best cities in all states, the Nophin team used data from several sources including the 2020 United States Census, the Department of Housing & Urban Development, Federal Reserve Economic Data (FRED), the National Association of REALTORS®, Zumper, internal data, and other reputable sources.

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Please note: Nothing above should be construed as legal, investment, tax, nor financial advice. This content is for informational purposes only. Consult a lawyer and/or an accountant if the above is right for your personal situation.

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