Airbnb City Guide: The Best Places To Invest in Portland, Oregon

Airbnb Rules and Regulations in Portland, Oregon

Portland hosts must navigate complex regulations to legally operate short-term rentals. All hosts are required to secure an Accessory Short-Term Rental (ASTR) permit, register with the city's Transient Lodging Tax program, and obtain a business license. Type A permits allow renting up to 2 bedrooms to a maximum of 5 guests, while Type B permits, which involve a more stringent conditional use review process, allow 3 to 5 bedrooms. Hosts must reside in the property for at least 270 days annually and cannot rent out entire homes or secondary residences.

Permit numbers must be displayed in all listings, and hosts are responsible for maintaining guest logs, collecting and remitting lodging taxes, and renewing permits every two years. Operating without proper permitting can result in hefty fines and penalties. It's crucial for hosts to thoroughly understand and comply with these regulations to provide safe and legal accommodations in Portland's dynamic short-term rental market.

Portland Airbnb Market Data:

• Average Revenue – $29.9K per year
• Average Daily Rate – $163.2 per night
• Average Occupancy Rate – 63%
• Average RevPAR – $101.7
• Average Home Prices – $524,870

1. Top Place to Invest in Portland, Oregon - Creston-Kenilworth

Nestled in the heart of Southeast Portland, Creston-Kenilworth is a charming neighborhood that offers a perfect blend of residential tranquility and urban convenience. With its tree-lined streets, historic homes, and thriving local businesses, it has become increasingly an attractive location to start an Airbnb business in a promising Portland market.

Creston-Kenilworth Airbnb Market Data:

• Average Revenue – $23.5K per year
• Average Daily Rate – $112.8 per night
• Average Occupancy Rate – 69%
• Average RevPAR – $78.4

Convenience - 7/10

Creston-Kenilworth boasts a highly walkable and bikeable layout, with easy access to public transportation. The neighborhood is served by several bus lines and is just a short distance from the MAX light rail, making it convenient for both residents and visitors to navigate the city.

Tourist Attractions - 6/10

While not as well-known as some of Portland's more popular tourist destinations, Creston-Kenilworth still offers a few notable attractions. The Creston Park is a beautiful green space that features a playground, basketball courts, and a soccer field. The nearby Kenilworth Park also provides a pleasant spot for outdoor recreation.

Things to Do - 7/10

The neighborhood has a growing number of local businesses, including unique boutiques, cozy cafes, and trendy restaurants. Residents and visitors can enjoy exploring the diverse array of shops and eateries along Gladstone Street and 28th Avenue. The Creston-Kenilworth Farmers Market, held weekly during the summer months, is a popular community event that showcases local produce and artisanal goods.

Average Home Prices - 8/10

According to Zillow data for 2024, the median home value in Creston-Kenilworth is $625,000, which represents a 4.2% appreciation over the past year. This steady growth in home values indicates a strong and stable real estate market, making it an attractive option for Airbnb investors. The neighborhood offers a mix of single-family homes and multi-unit properties, providing diverse investment opportunities.

Proximity to Work-Related Travel - 7/10

Creston-Kenilworth is conveniently located near several major employment centers, including the Oregon Health & Science University (OHSU) and the Portland VA Medical Center. The neighborhood's proximity to these healthcare institutions makes it an appealing choice for medical professionals and visitors seeking short-term accommodations. Additionally, the Oregon Convention Center and the Moda Center are just a short drive away, making Creston-Kenilworth a viable option for business travelers and event attendees.

X-Factor - 8/10

What sets Creston-Kenilworth apart is its strong sense of community and neighborhood pride. The area hosts several annual events, such as the Creston-Kenilworth 4th of July Parade and the Creston-Kenilworth Neighborhood Cleanup, which bring residents together and foster a tight-knit atmosphere. This community spirit, combined with the neighborhood's historic charm and growing popularity, makes it a unique and desirable location for Airbnb investments.

2. Top Place to Invest in Portland, Oregon - Parkrose

Parkrose, a hidden gem in Northeast Portland, is an up-and-coming neighborhood that offers a unique blend of affordability, accessibility, and potential for growth. This diverse community is attracting the attention of savvy Airbnb investors who recognize the untapped opportunities in this evolving area.

Parkrose Airbnb Market Data:

• Average Revenue – $37.4K per year
• Average Daily Rate – $ 167.2 per night
• Average Occupancy Rate – 81%
• Average RevPAR – $112.7

Convenience - 8/10

One of Parkrose's greatest strengths is its convenient location. Situated along the I-205 corridor, the neighborhood provides easy access to the Portland International Airport, making it an ideal spot for travelers. The MAX light rail red line also runs through Parkrose, connecting it to downtown Portland and other key destinations.

Tourist Attractions - 5/10

While Parkrose may not be a top tourist destination, it does offer some interesting attractions. The Grotto, a beautiful 62-acre Catholic sanctuary and botanical garden, is located just south of the neighborhood. Visitors can also explore the nearby Rocky Butte Natural Area, which offers stunning views of the city and the surrounding mountains.

Things to Do - 6/10

Parkrose has a growing number of local businesses and amenities that cater to residents and visitors alike. The neighborhood is home to several parks, including Senn's Dairy Park and Knott Park, which provide opportunities for outdoor recreation. The Historic Parkrose business district along Sandy Boulevard features a variety of shops, restaurants, and services.

Average Home Prices - 9/10

According to Zillow data for 2024, the median home value in Parkrose is $450,000, which represents a modest 2.5% appreciation over the past year. This relatively affordable price point and the potential for future growth make Parkrose an attractive option for Airbnb investors. The neighborhood offers a mix of single-family homes, townhouses, and quadplexes, among other multi-unit properties, providing a range of investment opportunities.

Proximity to Work-Related Travel - 7/10

Parkrose's proximity to the Portland International Airport makes it a convenient location for business travelers and airline employees. The neighborhood is also relatively close to the Oregon Convention Center and the Moda Center, although not as centrally located as some other areas. Additionally, Parkrose is just a short drive from several major employers, including Boeing and Daimler Trucks North America.

X-Factor - 7/10

Parkrose's diverse community and sense of potential permeating the neighborhood makes it unique. As more people discover the affordability and accessibility of Parkrose, the area is poised for growth and revitalization. Airbnb investors who recognize this potential and invest early may be well-positioned to benefit from the neighborhood's future development.

3. Top Place to Invest in Portland, Oregon - Multnomah

Multnomah, a quaint and historic neighborhood in Southwest Portland, offers a unique blend of small-town charm and urban accessibility. With its picturesque streets, stunning views of the Willamette River, and proximity to downtown Portland, Multnomah has become an increasingly attractive option for Airbnb investors seeking a distinctive and desirable location.

Multnomah Airbnb Market Data:

• Average Revenue – $21.5K per year
• Average Daily Rate – $109.4 per night
• Average Occupancy Rate – 71%
• Average RevPAR – $77.6

Convenience - 7/10

Multnomah's location provides a balance of tranquility and convenience. Multnomah is still well-connected to the city's amenities while not as centrally located as some other Portland neighborhoods. The neighborhood is served by several bus lines and is just a short drive from downtown Portland and other key destinations.

Tourist Attractions - 8/10

One of Multnomah's main draws is its stunning natural beauty. The neighborhood is home to the Multnomah Falls, a breathtaking 611-foot waterfall that attracts visitors from around the world. The historic Vista House at Crown Point offers panoramic views of the Columbia River Gorge, making it another popular tourist destination.

Things to Do - 6/10

While Multnomah may not have the same variety of activities as some other Portland neighborhoods, it still offers a range of options for residents and visitors. The neighborhood is home to several parks, including Multnomah Park and Gabriel Park, which provide hiking, picnicking, and outdoor recreation opportunities. The nearby Multnomah Village features a charming collection of local shops, restaurants, and cafes.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Multnomah is $725,000, which represents a 3.8% appreciation over the past year. While home prices in Multnomah are higher than in some other Portland neighborhoods, its unique character and desirability make it a worthwhile investment for Airbnb investors. The neighborhood offers a mix of historic homes, luxury properties, and multi-unit dwellings.

Proximity to Work-Related Travel - 5/10

Multnomah's location may not be as convenient for work-related travel as some other Portland neighborhoods. The area is relatively far from the city's major employment centers, such as the Oregon Health & Science University and the Portland International Airport. However, the neighborhood's proximity to downtown Portland and the I-5 corridor still makes it a viable option for some business travelers.

X-Factor - 9/10

What sets Multnomah apart is its unparalleled natural beauty and historic charm. The neighborhood's stunning views, iconic landmarks, and quaint village atmosphere create a unique and enchanting experience for visitors. Airbnb investors who capitalize on Multnomah's distinctive character and appeal to nature enthusiasts and those seeking a more laid-back pace may find great success in this captivating neighborhood.

4. Top Place to Invest in Portland, Oregon - Portsmouth

Portsmouth, a hidden gem in North Portland, is an emerging neighborhood that offers a perfect blend of affordability, accessibility, and potential for growth. This diverse and vibrant community is catching the eye of astute Airbnb investors who recognize the untapped opportunities in this evolving area.

Portsmouth Airbnb Market Data:

• Average Revenue – $21.5K per year
• Average Daily Rate – $119.1 per night
• Average Occupancy Rate – 63%
• Average RevPAR – $74

Convenience - 7/10

Portsmouth's location provides a balance of urban convenience and residential tranquility. The neighborhood is served by several bus lines and is just a short drive from downtown Portland and other key destinations. Portsmouth is also conveniently located near the I-5 corridor, providing easy access to the rest of the city and beyond.

Tourist Attractions - 5/10

While Portsmouth may not be a top tourist destination, it does offer some interesting attractions for visitors to explore. The nearby St. Johns Bridge, an iconic Portland landmark, provides stunning views of the Willamette River and the city skyline. The Cathedral Park, located just across the bridge, offers a beautiful green space for picnics and outdoor recreation.

Things to Do - 6/10

Portsmouth has a growing number of local businesses and amenities that cater to residents and visitors alike. The neighborhood is home to several parks, including Columbia Park and Northgate Park, which provide opportunities for sports, play, and relaxation. The nearby St. Johns neighborhood offers a variety of unique shops, restaurants, and entertainment options.

Average Home Prices - 8/10

According to Zillow data for 2024, the median home value in Portsmouth is $475,000, which represents a modest 3.2% appreciation over the past year. This relatively affordable price point and the potential for future growth make Portsmouth an attractive option for Airbnb investors. The neighborhood offers a mix of single-family homes, townhouses, and multi-unit properties, providing a range of investment opportunities.

Proximity to Work-Related Travel - 6/10

Portsmouth's location may not be as convenient for work-related travel as some other Portland neighborhoods. However, the neighborhood's proximity to the I-5 corridor and downtown Portland still makes it a viable option for some business travelers. The nearby Legacy Emanuel Medical Center and Adidas North American Headquarters also provide potential for short-term rental demand.

X-Factor - 7/10

What makes Portsmouth unique is its diverse community and the sense of potential that permeates the neighborhood. As more people discover the affordability and charm of Portsmouth, the area is poised for growth and revitalization. Airbnb investors who recognize this potential and invest early may be well-positioned to benefit from the neighborhood's future development and increasing desirability.

5. Top Place to Invest in Portland, Oregon - Far Southwest

Far Southwest Portland, a scenic and tranquil area bordering Lake Oswego and Tigard, offers a unique combination of natural beauty, suburban comfort, and proximity to urban amenities. This sought-after neighborhood is attracting the attention of discerning Airbnb investors who appreciate its potential for high-end, luxury short-term rentals.

Far Southwest Airbnb Market Data:

• Average Revenue – $38K per year
• Average Daily Rate – $205.3 per night
• Average Occupancy Rate – 62%
• Average RevPAR – $126.7

Convenience - 6/10

While Far Southwest Portland may not be as centrally located as some other neighborhoods, it still offers reasonable convenience. The area is served by several bus lines and is just a short drive from downtown Portland and other key destinations. However, the neighborhood's more suburban layout may require a greater reliance on personal transportation.

Tourist Attractions - 7/10

Far Southwest Portland's main draw is its stunning natural beauty. The neighborhood is home to several parks and green spaces, including the expansive Tryon Creek State Natural Area, which offers miles of hiking and biking trails through lush forests. The nearby Willamette River provides opportunities for boating, fishing, and other water activities.

Things to Do - 6/10

While Far Southwest Portland may not have the same variety of activities as some other Portland neighborhoods, it still offers a range of options for residents and visitors. The neighborhood is home to several golf courses, including the prestigious Oregon Golf Club. The nearby Bridgeport Village shopping center features a variety of upscale shops, restaurants, and entertainment options.

Average Home Prices - 8/10

According to Zillow data for 2024, the median home value in Far Southwest Portland is $850,000, which represents a 4.2% appreciation over the past year. While home prices in this area are higher than in some other Portland neighborhoods, its luxurious properties and desirable location make it an attractive option for Airbnb investors targeting high-end clientele. The area offers a mix of spacious single-family homes, luxury condominiums, and expansive estates.

Proximity to Work-Related Travel - 5/10

Far Southwest Portland's location may not be as convenient for work-related travel as some other Portland neighborhoods. The area is relatively far from the city's major employment centers, such as the Oregon Health & Science University and the Portland International Airport. However, the neighborhood's proximity to the I-5 corridor and the nearby Kruse Way business district may still make it a viable option for some business travelers.

X-Factor - 8/10

Its luxurious, resort-like atmosphere and stunning natural surroundings set Far Southwest Portland apart. The neighborhood's high-end properties and access to outdoor recreation and upscale amenities create a unique and desirable experience for visitors seeking a more refined and relaxing stay. Airbnb investors who capitalize on Far Southwest Portland's luxury appeal and target affluent travelers may find significant success in this exclusive enclave.

6. Top Place to Invest in Portland, Oregon - Irvington

Irvington, a historic and charming neighborhood in Northeast Portland, has emerged as a prime location for Airbnb and short-term rental investors. With its tree-lined streets, stunning architecture, and proximity to downtown, Irvington offers a unique blend of residential tranquility and urban convenience that appeals to both visitors and residents alike.

Irvington Airbnb Market Data:

• Average Revenue – $29.5K per year
• Average Daily Rate – $140.4 per night
• Average Occupancy Rate – 68%
• Average RevPAR – $95.8

Convenience - 8/10

One of Irvington's greatest strengths is its convenient location. Situated just minutes from downtown Portland, the neighborhood is well-served by public transportation, including several bus lines and the MAX light rail. This makes it easy for visitors to explore the city's attractions without the need for a car. Additionally, Irvington boasts a walkable layout, with plenty of sidewalks and bike lanes for those who prefer to explore on foot or by bicycle.

Tourist Attractions - 7/10

While Irvington itself is primarily residential, it is located near several popular tourist destinations. The nearby Lloyd District is home to the Oregon Convention Center, which hosts various events throughout the year, and the Moda Center, where the Portland Trail Blazers play. The neighborhood is also just a short drive from other attractions, such as the International Rose Test Garden, the Portland Japanese Garden, and the Oregon Museum of Science and Industry (OMSI).

Things to Do - 7/10

Irvington has a thriving local business scene, with a variety of shops, restaurants, and cafes along its main commercial corridors. The neighborhood is known for its independent bookstores, boutiques, and specialty food shops, which offer unique and locally sourced products. Irvington is also home to several parks, including Irving Park, which features sports fields, tennis courts, and an off-leash dog area.

Average Home Prices - 6/10

According to Zillow data for 2024, the median home value in Irvington is $900,000, which represents a 6.5% appreciation over the past year. While this may seem high compared to other areas of Portland, it is important to note that Irvington's historic homes and prime location command a premium. For Airbnb and STR investors, this means that there is potential for strong rental income, particularly during peak travel seasons.

Proximity to Work-Related Travel - 8/10

Irvington's location makes it an ideal base for business travelers attending conferences or events at the Oregon Convention Center. The neighborhood is also just a short drive from other major employers, such as Oregon Health & Science University (OHSU) and Portland State University (PSU). This proximity to work-related travel destinations means that there is likely to be steady demand for short-term rentals throughout the year.

X-Factor - 9/10

Its unique blend of history, architecture, and community spirit sets Irvington apart from other Portland neighborhoods. The neighborhood is home to a diverse array of architectural styles, from Queen Anne and Craftsman to Colonial Revival and Prairie School. Many of these homes have been lovingly restored and maintained, giving the neighborhood a sense of timeless elegance. Additionally, Irvington has a strong sense of community, with regular events such as the annual Home Tour and the Irvington Farmers Market. This combination of beauty, history, and community makes Irvington a truly special place to live and visit.

7. Top Place to Invest in Portland, Oregon - Overlook

Nestled in the heart of North Portland, Overlook is a vibrant and eclectic neighborhood that has been gaining attention from savvy Airbnb and short-term rental investors. With its stunning views of the city skyline, convenient location, and diverse mix of restaurants, shops, and entertainment options, Overlook offers a unique and exciting experience for visitors and residents alike.

Overlook Airbnb Market Data:

• Average Revenue – $27.4K per year
• Average Daily Rate – $137.4 per night
• Average Occupancy Rate – 67%
• Average RevPAR – $91.4

Convenience - 8/10

Overlook's prime location makes it an incredibly convenient base for exploring Portland. The neighborhood is well-connected to the rest of the city via public transportation, with several bus lines and the MAX Yellow Line running through the area. This makes it easy for visitors to access popular destinations such as downtown Portland, the Pearl District, and the Mississippi Avenue business district. Additionally, Overlook's proximity to I-5 and I-405 provides quick access to other parts of the city and beyond.

Tourist Attractions - 7/10

While Overlook itself is primarily residential, it is located near several popular tourist attractions. The nearby St. Johns Bridge offers stunning views of the Willamette River and the surrounding hills, while the historic Pittock Mansion provides a glimpse into Portland's past. The neighborhood is also just a short drive from other notable destinations, such as Forest Park, the International Rose Test Garden, and the Portland Japanese Garden.

Things to Do - 8/10

Overlook boasts a thriving local business scene, with diverse restaurants, bars, and shops to explore. The neighborhood is known for its international cuisine, with options ranging from Thai and Vietnamese to Mexican and Mediterranean. Overlook is also home to several popular breweries and taprooms, including the award-winning Ecliptic Brewing. For those looking to enjoy the outdoors, Overlook Park offers stunning views of the city and plenty of green space for picnics and relaxation.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Overlook is $650,000, which represents a 5.2% appreciation over the past year. While this may be higher than some other areas of Portland, Overlook's prime location and unique character make it an attractive option for Airbnb and STR investors. The neighborhood offers a mix of historic homes, modern condos, and multi-unit properties, providing a range of investment opportunities.

Proximity to Work-Related Travel - 7/10

Overlook's convenient location makes it a popular choice for business travelers attending events at the Oregon Convention Center or visiting nearby employers such as Legacy Emanuel Medical Center and Adidas. The neighborhood's proximity to I-5 and I-405 provides easy access to major employment centers, such as downtown Portland and the Swan Island Industrial Park.

X-Factor - 9/10

Its unique blend of history, diversity, and community spirit sets Overlook apart. The neighborhood is home to a mix of long-time residents and newcomers, creating a vibrant and welcoming atmosphere. Overlook's stunning views of the city skyline and the Willamette River provide a picturesque backdrop for visitors and residents alike. The neighborhood also boasts a strong sense of community, with regular events such as the Overlook Village Street Fair and the Overlook Neighborhood Association's monthly meetings. This combination of natural beauty, cultural diversity, and community engagement makes Overlook a truly special place to live and visit.

8. Top Place to Invest in Portland, Oregon - Sunnyside

Sunnyside, a charming and trendy neighborhood in Southeast Portland, has emerged as a top destination for Airbnb and short-term rental investors. Sunnyside offers a perfect blend of urban convenience and local charm that appeals to a wide range of visitors with its walkable streets, thriving food and drink scene, and proximity to downtown.

Sunnyside Airbnb Market Data:

• Average Revenue – $31.3K per year
• Average Daily Rate – $158.4 per night
• Average Occupancy Rate – 67%
• Average RevPAR – $105

Convenience - 9/10

One of Sunnyside's greatest assets is its exceptional convenience. The neighborhood is incredibly walkable, with a variety of shops, restaurants, and amenities just steps away from most homes. Sunnyside is also well-served by public transportation, with several bus lines and the Hawthorne Boulevard bike lane providing easy access to other parts of the city. For those who prefer to drive, Sunnyside's central location and proximity to major highways make it a breeze to navigate Portland and beyond.

Tourist Attractions - 7/10

While Sunnyside itself is more of a local haven than a tourist hotspot, it is located near several popular attractions. The nearby Laurelhurst Park offers 32 acres of green space, walking paths, and a picturesque pond, while the historic Bagdad Theater & Pub hosts a variety of films, live events, and comedy shows. Sunnyside is a short drive or bike ride from notable destinations such as the Portland Art Museum, the Oregon Museum of Science and Industry (OMSI), and the Eastbank Esplanade.

Things to Do - 9/10

Sunnyside is a paradise for foodies, coffee lovers, and craft beer enthusiasts. The neighborhood boasts an impressive array of restaurants, cafes, and bars, ranging from cozy brunch spots to upscale dining establishments. Some local favorites include the Fried Egg I'm in Love food cart, the Stumptown Coffee Roasters cafe, and the Beer Mongers bottle shop and taproom. Sunnyside also hosts regular events such as the Belmont Street Fair and the Hawthorne Boulevard Farmers Market, which showcase local artisans, musicians, and producers.

Average Home Prices - 6/10

According to Zillow data for 2024, the median home value in Sunnyside is $750,000, which represents a 4.8% appreciation over the past year. While this may be higher than some other areas of Portland, Sunnyside's prime location, walkability, and local amenities make it an attractive option for Airbnb and STR investors. The neighborhood offers a mix of historic craftsman homes, modern condos, and multi-unit properties, providing a range of investment opportunities.

Proximity to Work-Related Travel - 7/10

Sunnyside's central location makes it a convenient base for business travelers attending events at the Oregon Convention Center or visiting nearby employers such as Oregon Health & Science University (OHSU) and Portland State University (PSU). The neighborhood's proximity to I-5 and I-84 provides easy access to major employment centers, such as downtown Portland and the Portland International Airport.

X-Factor - 8/10

What sets Sunnyside apart is its vibrant and eclectic local culture. The neighborhood is known for its independent businesses, creative spirit, and community-minded residents. Sunnyside's streets are lined with colorful murals, quirky shops, and lively gathering spaces, creating a sense of energy and excitement that is palpable to visitors and residents alike. The neighborhood also boasts a strong sense of community, with regular events and initiatives that bring people together around shared interests and values. This combination of local flavor, creativity, and community spirit makes Sunnyside a truly unique and desirable destination for Airbnb and STR investors.

9. Top Place to Invest in Portland, Oregon - Cully

Cully, a diverse and rapidly evolving neighborhood in Northeast Portland, has been gaining attention from astute Airbnb and short-term rental investors. With its unique blend of urban amenities, green spaces, and community-driven initiatives, Cully offers a compelling opportunity for those seeking to invest in an up-and-coming area with strong growth potential.

Cully Airbnb Market Data:

• Average Revenue – $22.7K per year
• Average Daily Rate – $119.2 per night
• Average Occupancy Rate – 67%
• Average RevPAR – $80.5

Convenience - 7/10

Cully's location in Northeast Portland provides a balance of urban convenience and residential tranquility. The neighborhood is served by several bus lines, including the 71 and 72, which provide access to downtown Portland and other parts of the city. While Cully may not be as walkable as some other Portland neighborhoods, it does offer easy access to major highways such as I-205 and I-84, making it a convenient base for exploring the region.

Tourist Attractions - 5/10

As a primarily residential area, Cully may not be a top destination for tourists seeking major attractions. However, the neighborhood offers some unique local highlights, such as the Cully Park, a 25-acre green space with sports fields, walking paths, and a community garden. The nearby 42nd Avenue Business District also offers a variety of shops, restaurants, and services that showcase the neighborhood's diverse cultural influences.

Things to Do - 6/10

Cully may not have the same density of entertainment options as some other Portland neighborhoods, but it does offer a growing array of local activities and events. The Cully Farmers Market, held weekly from June to September, showcases local produce, crafts, and prepared foods. The Living Cully Plaza, a community gathering space, hosts regular events such as movie nights, art shows, and cultural celebrations. For outdoor enthusiasts, the nearby Colwood Golf Center and Whitaker Ponds Nature Park provide recreation and nature exploration opportunities.

Average Home Prices - 8/10

According to Zillow data for 2024, the median home value in Cully is $550,000, which represents a 6.2% appreciation over the past year. This relatively affordable price point and the neighborhood's strong growth trajectory make Cully an attractive option for Airbnb and STR investors. The neighborhood offers a mix of single-family homes, townhouses, and multi-unit properties, providing a range of investment opportunities at various price points.

Proximity to Work-Related Travel - 6/10

Cully's location in Northeast Portland may not be as convenient for work-related travel as some other neighborhoods closer to the city center. However, the neighborhood's proximity to I-205 and I-84 does provide relatively easy access to major employment centers such as the Portland International Airport, the Columbia Corridor industrial area, and downtown Portland. For business travelers attending events at the Oregon Convention Center, Cully may not be the most convenient base, but it can still be a viable option for those seeking a more affordable or residential setting.

X-Factor - 8/10

What sets Cully apart is its strong sense of community and its commitment to grassroots initiatives that prioritize equity, sustainability, and cultural diversity. The neighborhood is home to several community-driven organizations, such as Living Cully and the Cully Association of Neighbors, which work to promote affordable housing, economic opportunity, and environmental justice. This community engagement and activism spirit creates a unique and dynamic energy that is palpable to visitors and residents alike. As Cully continues to evolve and develop, it offers a compelling opportunity for Airbnb and STR investors looking to be part of a neighborhood that is growing and working to build a more inclusive and sustainable future.

10. Top Place to Invest in Portland, Oregon - Convention District

The Convention District, located in the heart of Portland's bustling Lloyd District, has emerged as a prime location for Airbnb and short-term rental investors. With its unbeatable proximity to the Oregon Convention Center, the Moda Center, and a wide array of dining, shopping, and entertainment options, the Convention District offers compelling opportunities for those seeking to capitalize on Portland's thriving tourism and business travel market.

Convention District Airbnb Market Data:

• Average Revenue – $64.5K per year
• Average Daily Rate – $371.3 per night
• Average Occupancy Rate – 57%
• Average RevPAR – $204.5

Convenience - 9/10

One of the Convention District's greatest strengths is its exceptional convenience. The neighborhood is incredibly well-connected, with easy access to public transportation via the MAX light rail and several bus lines. The area is also highly walkable, with a wide range of amenities and attractions within easy reach. For those who prefer to drive, the Convention District's central location and proximity to I-5 and I-84 make navigating the city and beyond a breeze.

Tourist Attractions - 8/10

As its name suggests, the Convention District is home to one of Portland's top tourist attractions: the Oregon Convention Center. This sprawling facility hosts a wide range of events throughout the year, from trade shows and conferences to concerts and cultural festivals. The nearby Moda Center, home of the Portland Trail Blazers, also draws large crowds for basketball games and other major events. The Convention District is also just a short walk or ride from other popular destinations, such as the Rose Quarter, the Lloyd Center mall, and the Oregon Museum of Science and Industry (OMSI).

Things to Do - 8/10

The Convention District offers a diverse array of things to do, catering to a wide range of interests and tastes. The neighborhood is home to a variety of restaurants, bars, and cafes, ranging from casual eateries to upscale dining establishments. The area also boasts several popular entertainment venues, such as the Holocene nightclub and the Helium Comedy Club. For those looking to shop, the Lloyd Center mall offers a wide selection of retailers, while the nearby Northeast Broadway business district features an eclectic mix of local boutiques and specialty shops.

Average Home Prices - 6/10

According to Zillow data for 2024, the median home value in the Convention District is $550,000, which represents a 3.5% appreciation over the past year. While this may be lower than some other central Portland neighborhoods, it is important to note that the Convention District is primarily a commercial and high-density residential area, with a limited supply of single-family homes. For Airbnb and STR investors, this means that condos and apartments are likely to be the most viable investment options, with the potential for strong rental income due to the area's high demand from business travelers and event attendees.

Proximity to Work-Related Travel - 10/10

The Convention District is unmatched in terms of its proximity to work-related travel destinations. The Oregon Convention Center, which hosts hundreds of events each year, is located in the heart of the neighborhood, making it an ideal base for business travelers and conference attendees. The area is also just a short drive or public transit ride from other major employment centers, such as downtown Portland, the Central Eastside Industrial District, and the Portland International Airport.

X-Factor - 8/10

Its unique blend of urban energy, convenience, and opportunity sets the Convention District apart. The neighborhood's central location, excellent transportation options, and wide range of amenities make it an attractive destination for both leisure and business travelers. As Portland grows and evolves, the Convention District is poised to benefit from ongoing investment and development, including new hotels, restaurants, and entertainment venues. For Airbnb and STR investors, this dynamic and well-connected neighborhood offers a compelling opportunity to tap into Portland's thriving tourism and business travel market, with the potential for strong and consistent rental income.