Albany, OR

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Albany short-term rental market based on reliable data.

Listings

119 / 217

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$27,855

Middle-Earners Revenue

Occupancy

65%

Middle-Earners Occupancy

Home Value

$439,344

Median Home Sale Price

Top Earners

$53,942

Top-Earners Revenue

Albany

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Albany.

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C

Challenging to Investors

Albany Regulations

Albany, NY's STR regulations are challenging due to significant regulatory uncertainty as the city develops new rules with potential caps, inspections, and reporting, while also requiring standard compliance costs like zoning, safety codes, taxes, and insurance. The upcoming state registry (2025) adds layers of registration, data sharing, and tax collection, increasing operational complexity. While STRs are currently allowed under existing zoning, the regulatory flux and impending stricter rules deter investment risk tolerance.

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About Albany

Albany is a mid-sized city in Oregon's Willamette Valley, serving as the county seat of Linn County and home to a population of roughly 55,000 residents. The community carries a small-city, blue-collar feel softened by a genuinely photogenic historic core, and it is best known for its extraordinary collection of restored late-19th-century Victorian homes, which draw heritage tourists year-round. Positioned along Interstate 5 roughly 70 miles south of Portland and about 45 miles north of Eugene, Albany functions as a convenient mid-valley base for travelers exploring the Willamette Valley, the Cascade Range to the east, and the Oregon Coast to the west.

The centerpiece of any visit is Historic Downtown Albany, a walkable district lined with painted brick storefronts, classic streetlights, and roughly 700 historic homes in a wide range of styles from Italianate to Queen Anne. Twice a year the streets fill with costumed volunteers during the popular Historic Interior Tour, while the adjacent Monteith House museum preserves an 1849 pioneer-era home that gives the city its oldest surviving structure. Downtown is essentially minutes from anywhere in town, which makes it a natural anchor for short-term rental guests.

Outdoor travelers are within an easy drive of several Cascade foothills waterfalls. McDowell Creek Falls County Park lies just east of the city and packs a half-dozen named falls into a short, family-friendly loop trail, making it a frequent stop for visitors staying a night or two in Albany. A longer excursion east on Highway 20 leads into the Willamette National Forest to the famously blue-green Tamolitch Pool, the cold, clear headwaters of the McKenzie River, a favorite of photographers and swimmers in summer.

To the west, the Willamette Valley's acclaimed wine country rolls out toward the coast, with tasting rooms in nearby Corvallis, Monmouth, and the broader Eola-Amity Hills within a 30-to-60-minute drive. The Linn County Expo Center, on the southern edge of town, hosts the annual Linn County Fair, antique fairs, rodeos, and rotating events that periodically fill local lodging. To the east, reservoirs like Green Peter and Foster Lakes offer boating, fishing, and houseboating within roughly an hour's drive.

Albany's appeal for short-term rental owners rests on this combination of an attractive, walkable historic downtown, a central valley location that works as a launching point for the Cascades, the coast, and wine country, and steady demand from heritage tourists, event-goers, and outdoor recreationists who prefer a quieter, more affordable base than Salem, Corvallis, or Eugene.

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