Portland, Oregon Short-Term Rental Market
Portland metro STRs require resident hosts, averaging $171 ADR, 69.2% occupancy and $3,290 monthly revenue in September 2026.
Quick Answer: Portland, Oregon is an active short-term rental market. average occupancy in the Portland, OR market area is 69%. average monthly revenue in the Portland, OR market area is $3,290. average daily rate in the Portland, OR market area is $171. the top operator in the Portland, OR market area is 164 Investments with 161 listings. market score is 78/100 (grade B).
Market data reflects the Portland, OR regional market, which includes Portland. Regulations, taxes, and permit details below are specific to Portland.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
Portland’s short-term rental performance in September 2026 is reported here for the Portland metro area STR market, a shared series that also covers Beaverton, Lake Oswego, Hillsboro, Newberg and McMinnville. Every performance figure on this page describes that metro area STR market rather than the city alone. Bedroom, booking channel, and listing-type counts are tracked at a shared regional level rather than uniquely for Portland, so this profile omits them.
In September 2026 the average daily rate across all listings was $171 and occupancy was 69.2%. Average monthly revenue per listing was $3,290. Compared with September 2025, occupancy rose 4.3%, ADR rose 3.0%, and revenue rose 8.7%, so growth came from both more booked nights and higher rates.
The longer history shows a market that peaked in 2021 at 75.6% occupancy and a $129 ADR, then settled into a 66% to 68% occupancy band. Year to date in 2026, across nine months, occupancy averages 68.3%, ADR averages $157, and monthly revenue averages $3,011. The full year 2025 recorded 66.3% occupancy, a $152 ADR, and $2,863 in monthly revenue, so 2026 is running ahead on all three measures. The seasonal sum of monthly revenue comes to $29,437 per year for a typical listing.
Demand has a sizable visitor base behind it. Portland has a population of 635,749 and drew 8.5 million person-trips in 2024, with visitors generating $5.5 billion in direct spending. Leisure and culinary travel anchors demand, including more than 500 food carts and more than 70 breweries, plus access to the Columbia River Gorge and Willamette Valley wine country. Business and convention travel through the Oregon Convention Center adds to it.
Investors should read the numbers alongside the rules. Portland allows short-term rentals only as accessory uses tied to a resident’s primary residence, which shapes who can legally operate in the city. The regulatory section below covers permit types, fees, and taxes.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 53% |
| Feb | 63% |
| Mar | 66% |
| Apr | 66% |
| May | 70% |
| Jun | 78% |
| Jul | 80% |
| Aug | 77% |
| Sep | 70% |
| Oct | 68% |
| Nov | 62% |
| Dec | 59% |
Month-by-month nightly rates and revenue figures for Portland are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Portland, OR market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Portland, OR market as a whole, which includes Portland, so these counts are not Portland-only figures.
| # | 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 Portland?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Portland are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 65.2% |
| vrbo | 3% |
| both | 31.9% |
Home Value Trends (Portland)
Typical home values, median sale prices, and the 10-year price trend for Portland are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Portland — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
Portland allows short-term rentals, but only as Accessory Short-Term Rentals (ASTRs) under City Code Chapter 33.207, which means an accessory use to a primary residence. A permit is required, and the resident must live in the dwelling at least 270 days (nine months) per year. The home may operate while the resident is away for a maximum of about 95 days annually. Non-owner-occupied whole-home investor rentals are not permitted under the ASTR framework.
Type A permits cover 1 to 2 bedrooms and up to 5 guests. The initial application fee is $180 for a single-dwelling unit ($130 multi-dwelling), with renewals at $100 and $70. Type B permits cover 3 to 5 bedrooms and up to 10 guests, but require a discretionary Conditional Use land-use review with a $5,800 application fee. Permits are valid for two years and require renewal, including repeating neighborhood notification.
Operators must register with the city Revenue Division and collect lodging taxes: a 6% City of Portland Transient Lodgings Tax, a 1% Tourism and Hospitality Recovery Surcharge, a 5.5% Multnomah County transient lodging tax, and a $4 per night affordable-housing fee.
Enforcement severity is rated moderate. Portland issued 55 citations totaling $240,000 since October 2024. New STR safety standards took effect January 1, 2025, and the city raised permit and violation fees by roughly 5% to 6% effective July 2025. These rules apply to the City of Portland. Confirm the requirements for Beaverton, Lake Oswego, Hillsboro, Newberg and McMinnville with each jurisdiction.
Market Comparison
September 2026 in the Portland metro area STR market shows occupancy of 69.2% and an ADR of $171, with revenue up 8.7% year over year.
Some tiers sit well above the all-listings average. Entire places reach an ADR of $184, while luxury ($312) and professionally managed ($294) listings are higher still.
Seasonality is moderate. January, at 53.1%, is the weakest month, and every month from February through December runs at 59.3% occupancy or higher. Year over year, revenue grew 8.7%.
The resident-host requirement in Portland means the competitive set differs from investor-driven markets, because supply is limited to permitted accessory rentals. Operator rankings are tracked at a shared regional level rather than uniquely for Portland, so this profile omits them.
Frequently Asked Questions About Portland, Oregon
Can I run an investment Airbnb in Portland, Oregon?
What is the average Airbnb occupancy in the Portland metro area?
How much do Portland short-term rentals earn per month?
What does a Portland STR permit cost?
What taxes apply to Portland short-term rentals?
When is the best time to rent a Portland short-term rental?
How far ahead do guests book in the Portland metro area?
Analyze Portland Rentals
Use our free calculator to estimate Airbnb revenue for any property in Portland.
Free Portland STR Calculator →
