Portland, Oregon Airbnb Market Data 2026

What does an Airbnb in Portland actually earn, and could you buy a house here and rent the whole thing out by the night?

Well, Portland answers the second question in a way that changes what the first one even means. Most hosts here run what the city calls an accessory short-term rental, where somebody lives in the home at least 270 days of the year and rents out bedrooms inside it. The cheaper of its two permits covers two bedrooms and five overnight guests, so even a host who qualifies is renting part of a house rather than the house. If your plan was to buy a place, hand it to a manager and never sleep there, unfortunately that plan doesn't get an accessory short-term rental permit. It can only work in a building whose zoning and occupancy already allow commercial lodging, which runs under a separate set of rules with hurdles of its own.

The city line matters as much as the zoning does. Most of Portland sits in Multnomah County, Oregon, though the city's own Ombudsman points out that a handful of Portland addresses land in Clackamas or Washington County instead. The market data here reaches further than the city does, out through the suburbs and north over the Columbia into Washington state, and each of those towns writes its own rulebook. Across that whole area the market shed about 7% of its listings over the past year, while the average nightly rate went up around 20%.

How Much Do Portland Airbnbs Earn in 2026?

The middle listing across the whole Portland market earned $23,307 over the trailing twelve months, as of September 2026, and it took $33,948 to get into the top quarter. Inside the city limits the median drops to $21,877, against $24,903 in the towns around it, and I'd put that gap down to what Portland's permits let a host rent rather than to demand, since city listings book a bigger share of their nights than the suburbs' do, not a smaller one.

Bigger homes take more money, as you'd expect, yet within a single size the best and worst listings sit further apart than any size does from the next. From studios to three-bedrooms, the best-performing listings at each size out-earn a typical home with one more bedroom, and a well-run two-bedroom brings in what a typical four-plus-bedroom does, which tells me most of the gap comes down to the unit and the operator rather than the floor plan.

On gross yield the picture is calmer. Once you're past a studio it barely moves: one-bedrooms through four-plus all land within a point and a bit of each other, with the largest homes marginally ahead. Studios break that pattern badly, coming back at roughly a third of the yield the other sizes manage, so a studio is the one size I'd want a very specific reason to buy here.

The best-run listings fill far more of their nights, too. Those in BNBCalc's top performance tier fill close to three nights in five, against roughly two in five across the market, so across the year they beat what the whole market manages even in July. In a city that limits what you're allowed to list in the first place, that's encouraging news, because occupancy is the part of the equation you can work on yourself.

You won't be doing that work in an empty field, though. You'd be pricing against professional hosts, and a large share of everything listed around you is theirs, so if you'd sooner pay somebody else to answer the messages and chase the cleaners, the Portland property management roundup weighs up the firms operating here. Just remember that under the accessory rules a manager can run the listing for you, yet the 270 days still have to come from whoever lives in the home.

Is the Portland Airbnb Market Oversaturated?

So how crowded is the field those hosts are competing in? Over the past year it got smaller.

Metric	Year-over-year change
Average nightly rate	+20%
Purchase price	Roughly flat
Occupancy	−4%
Active supply	−7%

BNBCalc data covering every listing BNBCalc tracks in this market, comparing the twelve months to August 2026 against the twelve before them, with each change rounded. Any measure whose direction this year's data can't pin down is left out, which is why booking lead time carries no row. Purchase price follows what homes cost rather than what listings do, and it shifted less than a point in either direction.

No, Portland isn't oversaturated, at least not in the sense that new competition is flooding in, because the market lost about 7% of its active listings over the year. Fewer hosts were chasing guests at the end of that stretch than at the start of it.

There's a catch worth sitting with, though, because occupancy slipped about 4% even as those listings left, so the hosts who stayed didn't absorb the demand the departing ones gave up. Both sides thinned at once, which is a softer picture than the supply line alone suggests.

Prices are the part I'd read with the most care. Hosts pushed the average night up about 20%, and since crowding usually drags rates the other way as everyone undercuts everyone else, that rise fits a market with room in it. Then again, a 20% jump sitting beside a 4% occupancy slip could equally mean some hosts priced guests out, so I'd rest the answer on the supply line rather than on rates. If you want to keep tracking this for a particular address, the number to follow is how full the calendars of comparable listings nearby are running, rechecked every few months. That tells you more about your own competition than any market-wide average can.

When Is Portland's Peak Airbnb Season?

Occupancy moves a great deal inside the year as well, and Portland's peak runs June through August, when the market fills 49% to 55% of its nights at average rates between $263 and $283.

Month	Occupancy	Avg nightly rate
Sep 2025	42%	$213
Oct 2025	43%	$211
Nov 2025	37%	$212
Dec 2025	33%	$211
Jan 2026	27%	$188
Feb 2026	30%	$185
Mar 2026	37%	$197
Apr 2026	41%	$204
May 2026	45%	$231
Jun 2026	53%	$263
Jul 2026	55%	$283
Aug 2026	49%	$264

BNBCalc market data across every listing in the market, one row per month from September 2025 through August 2026. Occupancy and nightly rate are each averaged on their own, so read the two columns separately rather than multiplying them together.

July leads on both counts, at 55% occupancy and a $283 average rate. The bottom of the year is less tidy, because the emptiest month and the cheapest month aren't the same one: January books only 27% of its nights, yet February is the cheaper month to stay in, at $185 against January's $188. Between November and April, not one month reaches 42% occupancy.

Autumn is the part I'd study hardest, since the price holds up while the calendar empties. September through December all average between $211 and $213 a night, while occupancy holds near 43% into October and then falls to 33% by December. The rate doesn't break until January, which suggests Portland hosts hold their pricing through the shoulder rather than discounting into it.

If you have to live in the home, the calendar does you an unexpected favor. June, July and August come to 92 days between them, and the code lets you be away from home for 95 while still renting, so the stretch that pays best fits almost exactly inside the stretch you're allowed to spend somewhere else.

Individual days pull hard in this market as well. Saturdays and Fridays book about a quarter more often than the typical day, and Mondays and Tuesdays run close to a fifth below it. Prices swing less than that, with Saturday and Friday carrying roughly a 15% premium and Tuesday landing about 8% under average, so the weekend is worth more to you through the calendar than through the rate. I'd be slow to discount a Friday that hasn't booked yet.

Where Should You Buy an Airbnb in Portland?

Picking a street is the wrong first move here, because the thing to settle first is how much of this market Portland actually is. Slightly less than half of the measurable listings fall within the city, and everything else is scattered through the suburbs or across the river. Where that boundary runs carries more weight than it would in most metros, since the 270-day requirement and the two-bedroom ceiling stop at the city line. So there are two tables below, one on Portland's own neighborhood map and one on the places surrounding it, and since their boundaries don't match, each has to be read on its own terms.

Inside the City of Portland

Portland's official neighborhood boundaries divide the city into 125 mapped polygons, so I matched every measurable city listing to the area it falls inside, then took the 15 whose median annual revenue was strongest.

Rank	Neighborhood	Median annual revenue	Median nightly rate	Median occupancy	75th-percentile revenue
1	Downtown	$47,282	$471	28%	$50,885
2	Foster-Powell	$31,692	$209	39%	$48,451
3	North Tabor	$28,959	$202	38%	$47,028
4	Kerns	$28,250	$211	34%	$39,370
5	Humboldt	$27,333	$209	36%	$50,104
6	Northwest District	$27,197	$240	33%	$41,607
7	Ardenwald-Johnson Creek	$26,521	$205	36%	$30,425
8	King	$26,467	$202	37%	$40,454
9	Buckman	$25,954	$193	37%	$33,207
10	Boise	$24,308	$183	36%	$30,106
11	Sunnyside	$24,100	$182	37%	$32,637
12	Southwest Hills	$23,814	$169	38%	$26,397
13	Hosford-Abernethy	$23,449	$175	38%	$32,725
14	Creston-Kenilworth	$23,240	$169	37%	$30,192
15	Woodstock	$22,727	$182	34%	$29,458

BNBCalc 2026 listing data placed inside the City of Portland's official neighborhood boundaries, over a trailing twelve months, where revenue, rate and occupancy are medians and the final column is the 75th percentile, the point at which a neighborhood's top quarter begins. Each column is worked out on its own, so they don't multiply together, and neighborhoods too thin to measure reliably are left out. These rows are built listing by listing, which is a narrower set than the market-wide averages elsewhere in this article, so the two won't reconcile.

One caution on that occupancy column. Don't try to reconcile it with the monthly numbers, since a neighborhood's figure is whatever the listing in the middle of it managed rather than an average of the market, which makes it a tool for putting one neighborhood beside another, and nothing more than that.

I wouldn't read the top row as a verdict on the neighborhood at all. Too few Downtown listings clear the measurement floor, and the middle one among them runs to four bedrooms, twice what a Type A permit allows. Legally, a home that size needs either a Type B, which means a public land-use review, or a building whose zoning and occupancy already allow commercial lodging. Whatever those listings are, they aren't the same product as the rest of this table, and they aren't what you'd get by buying an ordinary house and applying for a Type A.

The two rows under Downtown deserve the same suspicion, and so does Ardenwald-Johnson Creek in seventh, because Foster-Powell, North Tabor and Ardenwald are all measured on small samples, and any of them could move a long way at the next refresh. Humboldt is the row I'd spend time on instead. Its median sits fifth, yet its top quarter opens at $50,104, second only to Downtown's in the whole table, and it rests on a far deeper sample than most of the rows above it, so a strong operator there pulls well past the middle.

What struck me hardest is how little occupancy varies across the city, because once you leave aside Downtown and the Northwest District, every neighborhood in this top 15 fills somewhere between 34% and 39% of its nights. The money separating row 4 from row 15 is nightly rate and home size, not how often the calendar turns over, which makes choosing a Portland neighborhood far more a pricing decision than a demand one. No table can tell you how it feels to live in one of these neighborhoods, though, and since under the accessory rules you'd be living there, the best Portland neighborhoods for Airbnb is the piece that gets into that.

The Rest of the Portland Market

So are the suburbs the better buy? These are the places around Portland carrying the deepest pools of listings, mapped by Census boundary.

Rank	City or area	Median annual revenue	Median nightly rate	Median occupancy	75th-percentile revenue
1	Newberg, OR	$29,582	$275	30%	$38,922
2	Lake Oswego, OR	$26,814	$255	31%	$38,118
3	Aloha, OR	$25,685	$233	33%	$32,026
4	Gresham, OR	$25,225	$213	34%	$31,755
5	Beaverton, OR	$25,180	$211	35%	$33,646
6	Hillsboro, OR	$23,599	$205	32%	$31,677
7	Vancouver, WA	$23,191	$206	33%	$32,003
8	Portland, OR	$21,877	$167	36%	$30,499
9	Camas, WA	$20,888	$195	34%	$35,852

BNBCalc 2026 listing data placed inside US Census place boundaries, trailing twelve months, limited to the places with the deepest pools of listings, since a depth floor keeps a handful of thinly measured towns from topping a ranking anyone would act on. Columns are medians apart from the last, which is the 75th percentile, and each is worked out separately. This is a different boundary set from the neighborhood table, so the two tables don't line up row for row.

Portland lands eighth of nine there, and I don't take that to mean the city is a worse place to host. Its median nightly rate is the lowest on the table by a wide margin, $167 against $206 in Vancouver and $275 up in Newberg, while its median occupancy is the highest of the nine. The typical Portland listing has one bedroom; everywhere else on the table the middle listing has two or more. That's the permit showing up in the numbers, because the accessory rules have most city hosts renting bedrooms inside a home somebody lives in, capped at two on a Type A, so the city's supply ends up skewed toward the smallest product on the board.

Newberg tops the table from about 20 miles southwest of the city, which is a useful reminder that "the Portland market" stretches a long way past Portland. The bigger warning is Vancouver, which carries more listings than anywhere else in the market outside the city itself and sits in a different state. Roughly one listing in eight here is on the Washington side of the Columbia, where Portland's code means nothing at all, so make sure you read the Vancouver, Washington short-term rental rules before you treat a river crossing as a workaround.

Which Amenities Make the Most Money in Portland?

Whichever side of that river you end up on, some of what you put into the unit earns its money back and some of it doesn't, so start with the hot tub.

In the amenity model BNBCalc runs today, a hot tub is tied to roughly 15% more revenue on a Portland listing, and it's the single value the market page publishes for anyone to see. Break the same model out by bedroom count, though, and two-bedrooms refuse to agree with it. At that size the leading amenity isn't a hot tub but a sauna, worth about 21%, well clear of the pooled figure. A hot tub still leads at one, three and four-plus bedrooms, steady at 13% to 14% across all three, so the sauna result belongs to that one size rather than to Portland-wide taste. The pooled 15% can sit above all three because it comes from its own run across every size, not from averaging the per-size ones.

Studios come back with almost nothing the model will stand behind: a barbecue, at about 4%, and that's the entire list for the size.

Market-wide, though, the model does find a signal in seven more, a sauna, a gym, a TV, allowing pets, an EV charger, lake access and a pool, whose Portland percentages are gated behind BNBCalc Markets. A few ordinary fixtures are left out entirely, the argument being that when nearly every rental already has one, having it says nothing about which rental performs.

Budget for the cleaning fee while you're at it. About 58% of this market's listings charged one as of September 2026, and among those that did it averaged roughly $112. Spread across the whole market, the listings charging nothing included, each listing collected something like $2,100 a year in cleaning fees, though the cleaner's invoice takes almost all of that straight back out. So set the fee so it pays the turnover, then find your margin in the nightly rate instead, where a Saturday premium costs you nothing to add.

Is Airbnb Legal in Portland?

Yes, although for most hosts it means renting out rooms inside a home they live in, and that's the condition that decides whether the rest of this applies to an investor at all.

Portland's zoning code draws its line at 30 consecutive days, so anything shorter is a short-term rental, and renting bedrooms on that footing takes either a Type A permit or a Type B conditional use from Portland Permitting & Development. Both rest on the same requirement, which is that a resident occupies the dwelling for at least 270 days of each calendar year. That resident can be the owner or a long-term tenant, though where it's a tenant the property owner may be asked to put their permission in writing, and the city confirms the address against an Oregon driver's license or state ID and checks it against DMV records.

The exception is a separate set of rules rather than a gap in these ones. If both a property's zoning and its building's use or occupancy allow commercial transient lodging, a short-term rental there can be regulated as a Retail Sales and Service use, which needs neither a Type A permit nor a Type B, and no long-term resident either. So before you write off an address, look up its zone, because the city names the ones where this can apply: CX, CE, CM1 to CM3, CR, EX, EG1, EG2, IG1, IG2 and IH on the commercial, employment and industrial side, and RX, RM1 to RM4, CI1 and CI2 among the multi-dwelling and campus zones. In that first group you can choose either route at one or two bedrooms, but at three or more a new rental has to go the commercial way, because new Type Bs there have been prohibited since October 1, 2024, whereas in the second group either route stays open to you. A zone code alone won't get you there, though, since the building may also need a change of occupancy or use, and until that permit is final you still need a Type A or a Type B to operate.

Inside the accessory rules, which of the two permits you need comes down to bedrooms. Type A covers up to two bedrooms and five overnight guests, and the fee schedule in force since July 10, 2026 puts it at $504 for a two-year term, after which you renew. Type B covers three to five bedrooms and up to ten guests, but it isn't something you pick up over the counter, since it runs as a conditional use review, a public land-use process. What you get for that is a conditional use that never expires, transfers with the sale of the house, and lapses only if the rental sits unused for more than three straight years. In its March 2026 report, Portland's own Ombudsman put a Type B at over 23 times the cost of a Type A on the fees then in force. It also found more than 90% of permitted listings holding the cheaper one, which it put down to that price gap pushing hosts toward the wrong permit. Make sure you choose on the bedrooms you'll actually rent, since the city checks listings against the rooms and guests their permits allow.

There's no limit on how many nights you can rent. What's capped is renting while you're away: guests can stay without you there on up to 95 days a year, and on any other night they're booked, you have to be home as well. Six bedrooms or more takes a property out of both permit types altogether. Some older buildings are ruled out too, since a building subject to Chapter 13 of the 1970 edition of the Uniform Building Code, as it stood on September 7, 1972, can't host either type unless the Fire Marshal has confirmed that sprinklers protect the exits.

For a Type A permit you have to tell the neighbors before you can even apply, though on a Type B the city sends that notice itself. That means a letter describing the rental to every recognized neighborhood organization covering the address and to everyone living in or owning the properties abutting or across the street from yours, and you'll do it again at each Type A renewal.

The safety check works differently from what most people expect. Every rented bedroom needs a smoke detector interconnected with one in the hallway and a working carbon monoxide alarm on its floor, and in a house or duplex it also has to have met sleeping-room building code when it was built or converted, which bedrooms in triplexes and larger buildings are exempt from. You certify all that yourself, and on a new Type A application the city inspects a random one in ten before issuing the permit, on top of any inspection a member of the public sets off by reporting you. If an inspector turns up an illegal bedroom or an immediate hazard, it gets cited, and you can't rent the rooms until the property passes.

Then there's the part that sets Portland apart, which is that the city doesn't warn you first. On the schedule in force since July 10, 2026, a first offense can be fined up to $1,829, a second $5,475, and a third or any after it $9,122. One investigation can cite up to five different kinds of violation, each charged as the next offense on that ladder, so a single investigation can reach $34,670, the first two steps plus three at the top. When the Ombudsman reviewed more than 400 enforcement actions for its March 2026 report, that same five-violation cap came to $27,513 on the fees then in force, and it still ran at least 27 times higher than the most any other city it surveyed would fine a first-time violator. Unlike Portland, the other jurisdictions it looked at all start with a warning. Lose a Type A to revocation and that address can't hold a new one for two years.

Lodging taxes land on the guest, added to what you charge instead of coming out of it, though collecting them correctly is still your job. Portland's transient lodgings tax is 6% and Multnomah County's is 5.5%, and because the property sits inside the city, the Revenue Division takes both together as 11.5% in a single filing. Oregon adds a 1.5% state lodging tax on top, which rises to 2.75% for any stay ending on or after January 1, 2027. Two more charges can go on the bill as well, the city's 3% Tourism Improvement District fee and a flat $4 a night that has funded the city's housing and homelessness programs since the start of 2025. You can pass either one to the guest as long as the bill itemizes it separately, with the 3% listed as the Portland Tourism Assessment. If the state layer is new to you, Oregon's short-term rental tax rules set out how that filing works.

Airbnb has been paying Portland's lodging taxes over to the city since 2014, and Vrbo since 2018, and the city names them both among the platforms that collect on a host's behalf. If every reservation you take comes through one of those, you still have to register with the transient lodgings tax program, but you don't have to file the reports yourself. Take a single direct booking, though, and the filing comes back to you, so don't forget to open that account before the first guest arrives. And once a stay runs past 30 consecutive days none of this applies, no lodging tax and no short-term rental permit either, because at that length you're a residential landlord, which carries its own registration with the Revenue Division instead. You'll find the application steps, the forms, the business registration and the phone numbers in BNBCalc's Portland short-term rental guide.

Where Do These Portland Airbnb Numbers Come From?

Applications and forms belong to the regulation guide, while every market figure here traces back to BNBCalc Markets, BNBCalc's research product for sizing up a whole market rather than one house inside it. The trend and monthly figures cover every listing it tracks here, while the two ranking tables are medians of individual listings over the past twelve months. Since Portland's rulebook hangs on that 30-day line, the view I'd open there is the typical length of stay at each bedroom count, and guests in this market book nowhere near 30 nights at any size, so a pivot to longer stays would be a change of business rather than a change of settings.

How Do You Estimate Airbnb Revenue for a Portland Property?

Everything so far blends thousands of homes into one figure. So what's the route from there to the single house you're actually looking at?

The Portland market page is where revenue, occupancy and the seasonal swing update as the market moves, and if you haven't committed to Portland, Oregon's Airbnb markets ranked by gross yield lines Portland up against every other market Oregon has. When you've got an actual address to work with, hand BNBCalc the purchase price, the mortgage and the operating costs, and see what the returns look like.

Then test that answer against a few things that are particular to Portland. Start with whether anyone will be living in the home, since everything downstream hangs on it: if nobody will, a nightly rental can only work in a building whose zoning and occupancy already allow commercial lodging, and anywhere else you're pricing a lease of 30 days or longer. Winter is the next place I'd push, since January books barely more than a quarter of its nights, and no month prices lower than February, so an average-month projection will make your first quarter look better than it turns out to be. And don't forget that the taxes and the nightly fee sit on top of your rate, which is the total a guest weighing Portland against somewhere else ends up comparing.

Every set of market numbers is really a survey of whoever was allowed to operate. So before you read too much into an average, work out whether the rules would've let you into the sample at all.

Frequently Asked Questions

What Is the Average Airbnb Income in Portland?

The typical listing across the Portland market earned $23,307 over the trailing twelve months as of September 2026, and inside the city itself the middle listing earned $21,877 at a $167 median nightly rate. Both are medians, so they sit well below the average revenue on the market page, which the biggest earners pull upward. Income varies far more inside one bedroom count than it does between sizes: in BNBCalc market data, a well-run two-bedroom brings in what a typical four-plus-bedroom does.

Is Airbnb Still Profitable in Portland in 2026?

It can be, though the first question is whether a property can host at all. Under the accessory rules someone has to live in the home at least 270 days a year, and a home nobody lives in can only rent by the night if its zoning and building occupancy already allow commercial lodging. The typical listing across the market earned $23,307 over the trailing twelve months, and in the year ending August 2026 the market lost about 7% of its active listings and average nightly rates gained about 20%, while occupancy slipped about 4%.

What Is the Best Month for Airbnb in Portland?

July was the strongest month across the market in 2026, at 55% occupancy and a $283 average nightly rate, with June and August behind it at 53% and 49%. January is the emptiest month at 27% occupancy, and February the cheapest at a $185 average rate. Saturdays and Fridays book the best of any night, about a quarter more often than the typical day.

Do You Need a Permit to Run an Airbnb in Portland?

Yes, unless the property's zoning and building occupancy already allow commercial lodging. Renting bedrooms for fewer than 30 consecutive days needs either a Type A accessory short-term rental permit or a Type B conditional use from Portland Permitting & Development. Type A covers up to two bedrooms and five guests and costs $504 for two years before renewal. Type B covers three to five bedrooms and up to ten guests through a conditional use review. Both require a resident in the home at least 270 days a year. The commercial route needs no resident and no short-term rental permit, though qualifying may take a change of occupancy first.

Can You Buy an Investment Property in Portland and Run It as an Airbnb?

Not under the accessory short-term rental rules, unless you or a long-term tenant live in it. Those permits only cover bedrooms inside a dwelling somebody occupies at least 270 days each calendar year. A home nobody lives in can only rent by the night if its zoning and building occupancy already allow commercial lodging, and qualifying may take a change of occupancy first. Renting the same home for 30 consecutive days or more falls outside these rules and needs no short-term rental permit.

Which Portland Neighborhood Is Best for Short-Term Rentals?

Among neighborhoods with samples deep enough to trust, Kerns has the highest median revenue at $28,250, with Humboldt, the Northwest District, King and Buckman close behind at between about $26,000 and $27,300, and Humboldt's top quarter opens at $50,104, the best of those five. Downtown posts the city's highest median, $47,282, but on too few listings to lean on, and the middle listing there has four bedrooms, a size that needs a Type B conditional use or a building whose zoning and occupancy allow commercial lodging rather than a Type A permit. Foster-Powell, North Tabor and Ardenwald-Johnson Creek also make the top seven on thin samples. All of those come from BNBCalc listing data for 2026, placed inside Portland's official neighborhood boundaries.

How Much Is the Airbnb Tax in Portland?

Guests on a Portland short-term rental pay 11.5% in local lodging tax, Portland's 6% plus Multnomah County's 5.5%, both collected by the city's Revenue Division in one filing. Oregon adds a 1.5% state lodging tax, rising to 2.75% for stays ending on or after January 1, 2027. A 3% Tourism Improvement District fee, itemized as the Portland Tourism Assessment, and a flat $4 per night can also appear on the bill. Airbnb and Vrbo both pay the city's taxes over for bookings made through them.

How Strict Is Portland's Short-Term Rental Enforcement?

Strict, and it starts with a fine rather than a warning. On the schedule in force since July 10, 2026, fines run up to $1,829 for a first offense, $5,475 for a second and $9,122 for a third or later one, and because a single investigation can cite up to five kinds of violation, each charged at the next step, one investigation can reach $34,670. In March 2026, when that same five-violation cap came to $27,513, Portland's City Ombudsman found it at least 27 times higher than the maximum first-time fine in any other city it surveyed. A revoked Type A permit blocks a new one at that address for two years.