What is the cheapest Oregon city to buy an investment property?

Of the 15 cities on this list, Klamath Falls has the lowest median closed price at $269,000, measured across 330 closings tracked inside the city limits.

Which affordable Oregon market has the most transaction volume?

Salem, with 1,429 tracked closings and a median closed price of $440,000. More closings means a deeper comparable set to price against.

Do these rankings include rent or cash flow figures?

No. Resideline does not have verified rent data for these cities, so this page ranks on entry price and transaction volume only. Publishing yields or cash-on-cash figures without rent data would be invention rather than analysis.

Do these figures cover the city or the wider postal area?

The city. Every median and count here describes closings inside the municipal boundary, which is usually a smaller and different footprint from the postal area that shares the name.

Best Places to Buy Rental Property in Oregon (2026)

There is no honest way to rank Oregon cities by rental return without rent data, and this page does not have it. What it does have is transaction evidence: the median price homes actually closed at inside each city's limits, and how many closings happened. That answers the two questions that come before any cash flow analysis, what it costs to get in and whether you can get back out.

What this page measures, and what it does not

Every city below cleared at least 100 closings in its reporting window, which filters out markets too thin to read. They are ranked cheapest first by median closed price, from $269,000 to $495,000. You will not find rent estimates, rent-to-price ratios, cap rates, cash-on-cash projections or gross yield rankings here. Resideline does not have verified rent data for these cities, so publishing those numbers would be invention rather than analysis. Entry price and transaction volume are what the data supports. Every figure describes closings inside the city limits, not the wider postal area that shares the city's name. The two can differ a lot: a postal area usually reaches into surrounding townships, which pulls the median toward whatever those townships are worth. Oregon's statewide median closed price is $495,000 across 34,038 tracked closings.

The rankings

City	Median closed price	Closings tracked	Window
Klamath Falls	$269,000	330	12 months
Roseburg	$299,000	216	6 months
Coos Bay	$299,900	221	6 months
Florence	$380,000	157	6 months
The Dalles	$392,500	198	6 months
Springfield	$411,750	440	6 months
Medford	$414,500	759	6 months
Albany	$430,000	581	6 months
Keizer	$431,750	246	6 months
Salem	$440,000	1,429	6 months
McMinnville	$450,000	269	6 months
Redmond	$453,390	409	6 months
Eugene	$469,000	1,195	6 months
Gresham	$479,999	567	6 months
Milwaukie	$495,000	203	12 months

1. Klamath Falls, $269,000, 330 closings

At $269,000 the entry price is about 54 percent of the Oregon median. Resideline tracked 330 closings there over the last last 12 months, roughly 28 a month. About 92 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Klamath Falls market page.

2. Roseburg, $299,000, 216 closings

At $299,000 the entry price is about 60 percent of the Oregon median. Resideline tracked 216 closings there over the last last six months, roughly 36 a month. About 81 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Roseburg market page.

3. Coos Bay, $299,900, 221 closings

At $299,900 the entry price is about 61 percent of the Oregon median. Resideline tracked 221 closings there over the last last six months, roughly 37 a month. Full detail is on the Coos Bay market page.

4. Florence, $380,000, 157 closings

At $380,000 the entry price is about 77 percent of the Oregon median. Resideline tracked 157 closings there over the last last six months, roughly 26 a month. Full detail is on the Florence market page.

5. The Dalles, $392,500, 198 closings

At $392,500 the entry price is about 79 percent of the Oregon median. Resideline tracked 198 closings there over the last last six months, roughly 33 a month. About 86 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the The Dalles market page.

6. Springfield, $411,750, 440 closings

At $411,750 the entry price is about 83 percent of the Oregon median. Resideline tracked 440 closings there over the last last six months, roughly 73 a month. About 83 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Springfield market page.

7. Medford, $414,500, 759 closings

At $414,500 the entry price is about 84 percent of the Oregon median. Resideline tracked 759 closings there over the last last six months, roughly 126 a month. About 88 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Medford market page.

8. Albany, $430,000, 581 closings

At $430,000 the entry price is about 87 percent of the Oregon median. Resideline tracked 581 closings there over the last last six months, roughly 97 a month. About 84 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Albany market page.

9. Keizer, $431,750, 246 closings

At $431,750 the entry price is about 87 percent of the Oregon median. Resideline tracked 246 closings there over the last last six months, roughly 41 a month. About 88 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Keizer market page.

10. Salem, $440,000, 1,429 closings

At $440,000 the entry price is about 89 percent of the Oregon median. Resideline tracked 1,429 closings there over the last last six months, roughly 238 a month. About 86 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Salem market page.

11. McMinnville, $450,000, 269 closings

At $450,000 the entry price is about 91 percent of the Oregon median. Resideline tracked 269 closings there over the last last six months, roughly 45 a month. About 81 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the McMinnville market page.

12. Redmond, $453,390, 409 closings

At $453,390 the entry price is about 92 percent of the Oregon median. Resideline tracked 409 closings there over the last last six months, roughly 68 a month. Full detail is on the Redmond market page.

13. Eugene, $469,000, 1,195 closings

At $469,000 the entry price is about 95 percent of the Oregon median. Resideline tracked 1,195 closings there over the last last six months, roughly 199 a month. About 82 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Eugene market page.

14. Gresham, $479,999, 567 closings

At $479,999 the entry price is about 97 percent of the Oregon median. Resideline tracked 567 closings there over the last last six months, roughly 94 a month. Full detail is on the Gresham market page.

15. Milwaukie, $495,000, 203 closings

At $495,000 the entry price is about 100 percent of the Oregon median. Resideline tracked 203 closings there over the last last 12 months, roughly 17 a month. About 85 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Milwaukie market page.

How to use this list

Treat it as a shortlist, not an answer. A citywide median cannot price a specific address: property type, size, condition and location move a number far more than the city line does. Run any address on this list through Resideline for the comparable set behind its value.

Figures last updated August 23, 2026 from closings Resideline tracked.