Hillsboro, Oregon Short-Term Rental Market
Hillsboro, OR STRs averaged $144/night at 66.8% occupancy in April 2026 across approximately 9,125 active listings.
Quick Answer: Hillsboro, Oregon is an active short-term rental market. average occupancy is 67%. average monthly revenue is $2,591. average daily rate is $144. the top operator is 164 Investments with 161 listings. market score is 78/100 (grade B).
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
Hillsboro is a Portland-metro suburb of 112,035 residents in Washington County, anchored by Intel’s largest U.S. campus and often called part of Oregon’s Silicon Forest. STR demand here reflects both business and leisure travel: corporate visitors coming for tech-industry work, event attendees at the Washington County Fair Complex, and leisure visitors drawn to area wineries, nature preserves, the Hillsboro Air Show, and Portland-area proximity. In April 2026, the market posted a 66.8% average occupancy rate and an average daily rate of $143.73, producing average monthly revenue of $2,591. Year over year, occupancy rose 3.42%, ADR rose 3.09%, and revenue grew 2.67%. Approximately 9,125 active listings serve the market. Entire-place listings lead at 7,860 (86.1% of all listings); private rooms account for 1,248 and shared rooms for 17. The bedroom mix heavily favors 1-bedroom units (4,634), followed by 2-bedroom (2,199), 3-bedroom (1,268), 4-bedroom (618), and 5-bedroom-plus (389). Airbnb is the dominant channel: 5,947 listings appear only on Airbnb, 2,908 appear on both Airbnb and VRBO, and 270 appear only on VRBO. The market’s overall score is 77.72, with rental demand at 86.28 and revenue growth at 76.84. Investability scores lower at 52.76, reflecting entry-cost and regulatory complexity factors.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 53% | $108 | $1,677 |
| Feb | 63% | $112 | $1,777 |
| Mar | 66% | $119 | $2,171 |
| Apr | 66% | $124 | $2,249 |
| May | 70% | $131 | $2,481 |
| Jun | 78% | $145 | $3,001 |
| Jul | 80% | $148 | $3,267 |
| Aug | 78% | $147 | $3,168 |
| Sep | 70% | $138 | $2,648 |
| Oct | 68% | $131 | $2,538 |
| Nov | 62% | $123 | $2,085 |
| Dec | 59% | $119 | $2,013 |
Top Short-Term Rental Operators in Hillsboro
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | 164 Investments | 161 | 30,606 | ★ 4.78 |
| 2 | ITrip Vacations | 134 | 9,618 | ★ 4.76 |
| 3 | Stay Portland Collection | 125 | 5,176 | ★ 4.63 |
| 4 | Evolve | 121 | 4,665 | ★ 4.63 |
| 5 | Destination Willamette | 76 | 3,611 | ★ 4.89 |
What Kind of STR Should I Buy in Hillsboro?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 4,634 |
| 2 bed | 2,199 |
| 3 bed | 1,268 |
| 4 bed | 618 |
| 5 bed | 389 |
ADR by Property Tier
| Entire Home | $154 |
| Luxury | $246 |
| Professionally Managed | $209 |
Revenue by Dwelling Type
| Apartment | $2,331 |
| Entire Place | $2,791 |
| House | $2,720 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 65.2% |
| vrbo | 3% |
| both | 31.9% |
Investment Analysis
No housing price data was available for Hillsboro at the time of this analysis, so entry-cost yield calculations cannot be provided. On the revenue side, entire-place listings averaged $2,791 per month in April 2026, houses averaged $2,720, and apartments averaged $2,331. The luxury tier averaged $246.30 per night versus the market-wide $143.73, a 71% premium. Professionally managed properties averaged $208.92 per night, 45% above the market average, a notably large management premium suggesting that professional operators access a materially higher-rate segment than the typical self-managed listing. Annualized at the April average of $2,591 per month, a property would generate roughly $31,095 per year before expenses. Annual average occupancy has been stable in the 66% to 72% range from 2017 through 2025, with peak occupancy of 75.62% in 2021. Revenue growth year over year has been modest and positive as of April 2026 (+2.67%). The investability score of 52.76 is below average and merits consideration alongside the full-dwelling permit process described in the regulatory section.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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In April 2026, Hillsboro guests booked an average of 37.92 days in advance and stayed an average of 4.97 nights. The roughly five-and-a-half-week advance booking window is consistent with a business-travel and trip-planning market. The 4.97-night average stay is the longest among the five markets in this batch and is notably above the national STR median of roughly 3 nights, suggesting that a meaningful share of bookings come from extended-stay corporate visitors or travelers using Hillsboro as a longer-term base for Portland-area work or exploration. The near-five-night average stay reduces turnover frequency considerably, which can lower cleaning costs per booking and improve operational efficiency for operators.
Short-Term Rental Regulations
Short-term rentals (stays of 30 days or fewer) are legal in Hillsboro and were formally codified by Ordinance 6467, passed in February 2024. Before that ordinance, STRs were effectively treated as Bed and Breakfast Inns and required a costly Conditional Use permit, leaving the majority of operating units unpermitted. Ordinance 6467 created two permit tracks. A Partial-Dwelling STR Permit applies when the operator lives on the property and is present during rentals; this permit can generally be issued over-the-counter within a few days. A Full-Dwelling STR Permit (entire home, owner off-site) requires a Development Review permit, a process taking roughly six weeks that historically involved a public hearing and potential neighbor appeal. An owner may operate only one full-dwelling STR in the city. STRs may not be used for parties, weddings, reunions, corporate retreats, or similar gatherings. All operators must hold a City of Hillsboro business license and collect the Transient Lodging Tax, which totals approximately 13.5% (9% Washington County, 3% City of Hillsboro, 1.5% Oregon state). The booking platform and the operator are jointly liable for tax remittance. Enforcement is complaint-based; the Planning Division does not run proactive compliance sweeps.
Market Comparison
The national median STR occupancy is approximately 55% and the median ADR is around $220. Hillsboro at 66.8% occupancy in April 2026 exceeds the national occupancy median by a significant margin, reflecting the stable corporate and business travel demand that keeps occupancy elevated even in shoulder months. Its ADR of $143.73 falls well below the national median, consistent with a suburban metro market where rates are constrained by hotel and extended-stay competition rather than resort pricing power. Annual average occupancy has ranged from approximately 64% to 76% across 2017 through 2025, consistently above national norms. Three operators lead the Hillsboro market. 164 Investments tops the list with 161 listings and 30,606 reviews (average rating 4.776). ITrip Vacations manages 134 listings with 9,618 reviews (rating 4.756). Stay Portland Collection operates 125 listings with 5,176 reviews (rating 4.633). Combined, these three account for 420 listings, roughly 4.6% of the approximately 9,125-listing market.
Frequently Asked Questions About Hillsboro, Oregon
What is the average daily rate for Airbnb rentals in Hillsboro, OR?
What is the occupancy rate for short-term rentals in Hillsboro, OR?
Do I need a permit for a short-term rental in Hillsboro, OR?
What taxes apply to short-term rentals in Hillsboro, OR?
How much revenue does a typical Hillsboro, OR short-term rental generate per month?
How far in advance do guests book Hillsboro short-term rentals?
Who are the largest short-term rental managers in Hillsboro, OR?
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