Portland

As of May 2026, Portland, Vancouver, Beaverton, Gresham have 5,062 active Airbnb and VRBO listings. This represents a 10% decrease from the previous year.

The average Airbnb or VRBO in Portland generates $36K per year. High-performing properties earn $68K/year, while low-performing properties earn $13K/year. The significant delta between tiers suggests that market returns are highly sensitive to specific asset positioning, as the shrinking supply base forces guests to prioritize units that offer distinct competitive advantages.

Average home prices in Portland vary by property size: 1-bedroom properties cost approximately $288K, 2-bedroom homes average $405K, 3-bedroom properties are around $554K, and 4+ bedroom homes average $672K. These prices reflect median home values across the Portland, Vancouver, Beaverton, Gresham area.

Airbnb and VRBO can be profitable in Portland, with an average gross yield of 6% across all properties. High-performing properties achieve yields up to 12%, which is considered top for short-term rental investment. This performance spread reflects a bifurcated market where top-tier assets capture outsized returns despite the broader 41% occupancy baseline.

The average occupancy rate for Airbnbs and VRBOs in Portland is 41%. This occupancy level, combined with an average nightly rate of $208, results in a RevPAR (revenue per available room) of $66 per day.

4+ bedroom properties demonstrate the strongest performance in Portland, with an average gross yield of 10% and annual revenue of $71K. These properties balance purchase price ($672K), operating costs, and rental demand most effectively in the Portland market.

Short-term rental regulations vary by jurisdiction in the Portland area. Portland: Strict. Primary residence required, permit mandatory, max 2 bedrooms, annual renewal. Active enforcement with fines and platform coordination. Vancouver: Strict. Primary residence only, business license required, 180-day cap for entire home. Active enforcement with compliance checks. Beaverton: Moderate. Business license required, zoning restrictions apply. Moderate enforcement, some unlicensed operation occurs. Gresham: Lenient. Business license needed, basic zoning rules. Light enforcement, many operate without permits. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Portland Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 10% year-over-year, while RevPAR has increased 1%. This indicates balanced supply-demand dynamics. The contraction in listings without a corresponding revenue collapse suggests a stabilizing environment where remaining operators face less direct competition for demand.

Launch around April, 2-3 months before peak summer season (July peaks). This pre-peak timing lets you build reviews when competition is -8% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (May-January) when gaining traction is harder.

The most common amenities in Portland listings include: Kitchen (95%), Air Conditioning (91%), Tv (86%), Heating (80%), Washing Machine (75%). Amenities that boost revenue the most include Washing Machine, Hot Tub, Air Conditioning, with Washing Machine properties earning approximately 37% more ($47K/year vs $35K/year).

Monthly estimated revenue per listing in Portland over the last 12 months: May: $2K, June: $2K, July: $3K, August: $3K, September: $2K, October: $2K, November: $2K, December: $2K, January: $1K, February: $1K, March: $2K, April: $2K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Portland is $208, up 21% year-over-year. By property size: 1-bedroom properties average $132/night, 2-bedroom properties average $198/night, 3-bedroom properties average $259/night, 4+ bedroom properties average $466/night. Rates peak in July and are lowest in February.

Guests in Portland book an average of 34 days in advance, down 16% from last year. By property size: 1-bedroom: 30 days, 2-bedroom: 35 days, 3-bedroom: 37 days, 4+ bedroom: 41 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Portland Airbnb and VRBO market has seen the following changes: supply declined 10%, revenue per listing increased 1%, occupancy fell 6%, average nightly rates increased 21%, and lead time decreased 16%. These metrics point to a shift toward shorter booking windows and higher price sensitivity, indicating operators are successfully trading volume for higher daily rates.

In Portland, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Saturday and are lowest on Tuesday. Weekends show 37% higher occupancy than weekdays.