What is the rental yield in Downtown, Portland, Oregon?

The gross yield in Downtown, Portland, Oregon is 5.3. That sits alongside pricing about 7% below Portland and 2% below Oregon, plus a Red Flag score of 49. Over the past year, prices moved down 2.5%, while walkability is 99 and education is in the 66th percentile.

How has Downtown, Portland, Oregon performed over the past year?

Prices in Downtown, Portland, Oregon moved down 2.5% over the past year. The neighborhood also has a gross yield of 5.3, pricing about 7% below Portland and 2% below Oregon, a Red Flag score of 49, walkability of 99, and education in the 66th percentile.

How does Downtown, Portland, Oregon compare with Portland and Oregon?

Downtown, Portland, Oregon is priced about 7% below Portland and 2% below Oregon. It pairs that relative discount with a gross yield of 5.3 and a Red Flag score of 49. Walkability is 99 and education is in the 66th percentile.

Neighborhood

Downtown

Portland, Oregon US

Downtown, Portland, Oregon has an investment profile defined by a gross yield of 5.3 and pricing about 7% below Portland and 2% below Oregon. Prices have moved down 2.5% over the past year, while the neighborhood carries a Red Flag score of 49. Walkability is 99 and education is in the 66th percentile, giving it a strong access profile alongside moderate market risk.

AI Summary•Updated May 2026

Area

0.93 mi²

ZIP Code

97201

County

Multnomah County

State

Oregon

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesEPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$349,896

YoY-2.5%

Gross Rental Yield

5.3%

Listed rent · ZORI annualized

Red Flag Index

Moderate

49 / 100

Walkability Score

Walker's Paradise

OpenStreetMap POI density · national percentile

Education Score

66 / 100

Good · better than 66% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Fair

DistrictScore attractiveness · national model

Downtown Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Downtown, Portland.

Unlock the Downtown 12-month price trend

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$349,896	-2.5%
Price / Sq Ft (Verified)	$308/sqft	-4.9%
Asking Rent (Median)	$1,539/mo	-1.2%
Gross Rental Yield	5.3%	—
Liquidity Score	21 / 100	Low
Homes Sold (Period)	44	-18.5%

Is Downtown Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Oregon crime context.

Red Flag Breakdown

49 / 100

Moderate Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Earthquake100Very High

Flood60High

Heat60High

Strong Wind40Moderate

Wildfire20Low

Tornado20Low

Hail20Low

Hurricanen/an/a

7/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Oregon averaged 27.2 crimes and 3.3 violent per 1,000 residents (-6.9% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

Unlock the full risk report for Downtown

Tract-level hazard heatmap & parcel detail with Pro

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See all eight FEMA hazard scores — free with a DistrictScore account.

What Stands Out AI Insight

Above-average gross rental yield at 5.3%

Highly walkable neighborhood — score 99/100

Active transaction volume — 44 homes sold last period

Dense amenities — 273 dining & 31 grocery options nearby

Earthquake risk is Very High (100/100)

Insights are generated from Downtown's live DistrictScore metrics.

Downtown Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Oregon-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Oregon Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	27.2	3.3	-6.9%
2023	29.3	3.3	-10.8%
2022	33.0	3.5	+8.4%
2021	30.3	3.4	+3.1%
2020	29.5	2.9	-3.7%
2019	30.8	2.9	—

Reported at the state level — the finest official US crime aggregation; Downtown inherits the Oregon figures.

Radon Potential

EPA

Zone 2

Zone 2 — Moderate potential · Downtown

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Industrial odor17 nearbyVery High

Point-source screening near Downtown: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in Downtown

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

99

Walker's Paradise

Walkability Score

31

Grocery

273

Dining

6

Schools

10

Universities

4

Hospitals

2

Pharmacies

21

Parks

48

Rail Transit

1

Coworking

POI counts are amenities within Downtown's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Downtown vs Portland vs Oregon

How Downtown benchmarks against its city and state medians.

Benchmark vs City & State

In Downtown, the median sale price sits about 7% below the median for Portland neighborhoods and in line with the statewide median. Gross rental yield is 5.3%, against 3.5% for Portland neighborhoods and 4.0% statewide. Over the past 12 months, prices fell 2.5%. Transaction liquidity sits below the median for Portland neighborhoods and below the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Downtown	$308/sqft	5.3%	21
Portland	$331/sqft	3.5%	32
Oregon	$314/sqft	4.0%	32

Unlock the Downtown benchmark

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Buying Property in the US as a Foreigner

Federal & Oregon tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.79% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 9.9%; rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: none statewide (except Washington County).

Assessment Cap

Measure 50 limits assessed value; it does not reset to market value on sale.

Mansion Tax / Rent Control

Statewide rent control caps annual rent increases at 7%+CPI (SB 608); no mansion tax.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

Conforms to 1031 but tracks deferred in-state gain after an out-of-state exchange.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Oregon property-tax guidance for foreign buyers

Latest Portland Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Downtown Real Estate FAQ

Downtown, Portland, Oregon shows a mixed investment profile with a gross yield of 5.3 and prices about 7% below Portland and 2% below Oregon. Values moved down 2.5% over the past year, while the Red Flag score is 49. Walkability is 99 and education is in the 66th percentile.

Neighborhoods near Downtown

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