Best Places to Buy Rental Property in Oregon (2026)

The top of the Oregon list is Coos Bay at 7.4 percent gross, and it gets there on rent rather than price: $1,850 a month against a $301,500 median closed price, while the cheapest city, Klamath Falls at $268,000, ranks sixth. Woodburn follows at 7.3 percent, on a $384,000 median price and $2,350 in asking rent. Medford, the busiest market on the list with about 127 closings a month, sits eighteenth of 20 at 4.9 percent. The table shows the 20 highest-yielding markets among 35 Oregon cities meeting the coverage requirements; the yield range above describes the markets shown. A second table lists one city with enough closings to price but too few rental listings to rank.

The ranking

Gross yield here is an asking rental yield screen: twelve times the median asking rent over the median closed price, before taxes, insurance, vacancy, management or repairs. Sales use municipal boundaries. Rental listings use the associated city name and may cover a wider postal area. The ratio therefore compares related, but not perfectly matched, market samples, and a home bought at the median price does not necessarily earn the median rent. Confirmed-close medians appear where at least 30 confirmed lease closes were recorded in the window.

City by city

1. Coos Bay, 7.4 percent gross

Homes in Coos Bay closed at a median of $301,500 over the last six months and the median asking rent in the last twelve months was $1,850, a gross yield of 7.4 percent. Houses there closed at about $211 per square foot. Full detail is on the Coos Bay market page.

2. Woodburn, 7.3 percent gross

Woodburn ranks second on yield but only seventh on entry price: the $2,350 median asking rent is doing the work, not a cheap purchase. At $384,000 to buy and $2,350 a month to rent, Woodburn yields 7.3 percent gross on 186 tracked closings. Houses there closed at about $260 per square foot. See the Woodburn page for the property mix and the price band.

3. North Bend, 6.9 percent gross

Only 71 rental listings sit behind North Bend's $1,900 median; the yield is real but less settled than in cities with hundreds. Homes in North Bend closed at a median of $332,000 over the last twelve months and the median asking rent in the last twelve months was $1,900, a gross yield of 6.9 percent. Houses there closed at about $232 per square foot. See the North Bend page for the property mix and the price band.

4. The Dalles, 6.2 percent gross

The Dalles ranks fourth on yield but only eighth on entry price: the $2,000 median asking rent is doing the work, not a cheap purchase. The numbers: $389,000 median closed price across 190 closings, $2,000 median asking rent across 157 listings, 6.2 percent gross. Houses there closed at about $244 per square foot. See the The Dalles page for the property mix and the price band.

5. Milwaukie, 6.0 percent gross

Milwaukie ranks fifth on yield but only fourteenth on entry price: the $2,499 median asking rent is doing the work, not a cheap purchase. At $496,000 to buy and $2,499 a month to rent, Milwaukie yields 6.0 percent gross on 205 tracked closings. Houses there closed at about $307 per square foot. The Milwaukie market page carries the monthly figures.

6. Klamath Falls, 6.0 percent gross

A low entry price does not carry Klamath Falls far: it is first cheapest on this list and sixth on yield, with rent of $1,350 against a $268,000 median price. The numbers: $268,000 median closed price across 331 closings, $1,350 median asking rent across 611 listings, 6.0 percent gross. See the Klamath Falls page for the property mix and the price band.

7. Hillsboro, 5.8 percent gross

Hillsboro ranks seventh on yield but only fifteenth on entry price: the $2,495 median asking rent is doing the work, not a cheap purchase. Homes in Hillsboro closed at a median of $515,000 over the last six months and the median asking rent in the last twelve months was $2,495, a gross yield of 5.8 percent. Full detail is on the Hillsboro market page.

8. Roseburg, 5.6 percent gross

A low entry price does not carry Roseburg far: it is third cheapest on this list and eighth on yield, with rent of $1,425 against a $304,450 median price. At $304,450 to buy and $1,425 a month to rent, Roseburg yields 5.6 percent gross on 216 tracked closings. See the Roseburg page for the property mix and the price band.

9. Gresham, 5.5 percent gross

Rent is what puts Gresham ninth here; on price alone it would sit thirteenth of 20. Homes in Gresham closed at a median of $475,000 over the last six months and the median asking rent in the last twelve months was $2,195, a gross yield of 5.5 percent. The Gresham market page carries the monthly figures.

10. Wilsonville, 5.5 percent gross

Wilsonville ranks tenth on yield but only eighteenth on entry price: the $2,850 median asking rent is doing the work, not a cheap purchase. Homes in Wilsonville closed at a median of $625,000 over the last six months and the median asking rent in the last twelve months was $2,850, a gross yield of 5.5 percent. Full detail is on the Wilsonville market page.

11. Lebanon, 5.5 percent gross

A low entry price does not carry Lebanon far: it is fifth cheapest on this list and eleventh on yield, with rent of $1,595 against a $350,000 median price. At $350,000 to buy and $1,595 a month to rent, Lebanon yields 5.5 percent gross on 156 tracked closings. The Lebanon market page carries the monthly figures.

12. Grants Pass, 5.4 percent gross

A low entry price does not carry Grants Pass far: it is sixth cheapest on this list and twelfth on yield, with rent of $1,635 against a $365,000 median price. Homes in Grants Pass closed at a median of $365,000 over the last twelve months and the median asking rent in the last twelve months was $1,635, a gross yield of 5.4 percent. Houses there closed at about $249 per square foot. The Grants Pass market page carries the monthly figures.

13. Redmond, 5.3 percent gross

At $450,000 to buy and $2,000 a month to rent, Redmond yields 5.3 percent gross on 412 tracked closings. The Redmond market page carries the monthly figures.

14. McMinnville, 5.3 percent gross

At $445,000 to buy and $1,950 a month to rent, McMinnville yields 5.3 percent gross on 274 tracked closings. Houses there closed at about $272 per square foot. Full detail is on the McMinnville market page.

15. Albany, 5.2 percent gross

A low entry price does not carry Albany far: it is tenth cheapest on this list and fifteenth on yield, with rent of $1,850 against a $425,000 median price. At $425,000 to buy and $1,850 a month to rent, Albany yields 5.2 percent gross on 573 tracked closings. Houses there closed at about $266 per square foot. See the Albany page for the property mix and the price band.

16. Tigard, 5.2 percent gross

Homes in Tigard closed at a median of $596,249 over the last six months and the median asking rent in the last twelve months was $2,575, a gross yield of 5.2 percent. Full detail is on the Tigard market page.

17. Sherwood, 5.0 percent gross

The numbers: $640,000 median closed price across 181 closings, $2,672 median asking rent across 108 listings, 5.0 percent gross. See the Sherwood page for the property mix and the price band.

18. Medford, 4.9 percent gross

Medford is cheaper than its yield rank suggests: ninth on price, eighteenth on yield, because a $414,500 home there rents for only $1,700. Homes in Medford closed at a median of $414,500 over the last six months and the median asking rent in the last twelve months was $1,700, a gross yield of 4.9 percent. See the Medford page for the property mix and the price band.

19. Oregon City, 4.9 percent gross

Oregon City moves fast, 9 days from listing to contract at the median, which matters more than its 4.9 percent yield if you cannot close quickly. Homes in Oregon City closed at a median of $562,000 over the last six months and the median asking rent in the last twelve months was $2,300, a gross yield of 4.9 percent. See the Oregon City page for the property mix and the price band.

20. Happy Valley, 4.8 percent gross

At $696,917 to buy and $2,799 a month to rent, Happy Valley yields 4.8 percent gross on 304 tracked closings. Houses there closed at about $276 per square foot. The Happy Valley market page carries the monthly figures.

Priced, but too few rentals to rank

These cities cleared 100 tracked closings but fewer than 50 rental listings carried their name in the last twelve months, so no yield is printed for them.

How this ranking is built

• •Cities: every Oregon city where Resideline tracked at least 100 closings inside the municipal boundary in its reporting window (six or twelve months) and at least 50 rental listings under the city's name since September 10, 2025: 35 cities qualify and the table shows the 20 highest-yielding.
• •Prices: the median price homes closed at inside the city limits, from Resideline's tracked closings; the state comparison uses the statewide median of $495,000 across 33,561 closings.
• •Rents: the median advertised rent on rental listings Resideline tracked in the last twelve months, all property types, measured on the listings that carry the city's name (a postal footprint, wider than the city line in some places).
• •Confirmed-close medians: Observed rent blends two kinds of record: confirmed lease closes extracted from property records, and the final asking rent on listings that left Resideline tracking without a recorded close. Where a city has at least 30 confirmed closes in the window, their median is printed beside the asking figure; in the last twelve months about a quarter of Resideline's close episodes are confirmed closes. The asking and confirmed-close samples are separate, not paired, so a difference between their medians is not a measured gap on the same listings.
• •What is missing: taxes, insurance, vacancy, management and repairs, which turn a gross yield into a net one, and the unit mix, which differs between what sells and what rents.

Sources and related pages

• •Resideline tracked closings inside city limits (window per city, updated September 10, 2026) and rental listings since September 10, 2025; confirmed lease closes extracted from property records.
• •More Oregon rankings: Cheapest cities to buy a house in Oregon ranks the same kind of list with each city's price per square foot for houses, realized appreciation and days to contract beside the median, and Cap Rate by City ranks the Oregon cities Resideline tracks by gross rental yield. The Oregon housing market hub carries the statewide figures and the largest Oregon markets by closings.
• •Asking rent vs observed rent compares live asking rents with final asking rents under that study's own definition; it says nothing about confirmed lease closes.

Prepared with Resideline's research pipeline and reviewed by Jeffrey Batista, Resideline's founder.