Forest Grove, OR

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

46 / 92

Reliable / Active

Cap Rate

4%

Middle-Earners Gross Yield

Revenue

$20,296

Middle-Earners Revenue

Occupancy

51%

Middle-Earners Occupancy

Home Value

$527,537

Median Home Sale Price

Top Earners

$41,208

Top-Earners Revenue

Forest Grove

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Forest Grove.

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A

Very Investor friendly

Forest Grove Regulations

Short-term rentals are permitted in Forest Grove and unincorporated Washington County without any local permitting, caps, or licensing; the county explicitly does not regulate STRs and chose not to adopt a program in its 2023–25 work plan. Only standard state lodging tax and general health/safety rules apply, which are typical and manageable for investors. This supportive, low-burden stance with minimal compliance barriers earns a very friendly rating.

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About Forest Grove

Forest Grove is a small city in Washington County, Oregon, with a population of approximately 24,000 residents. Tucked into the Tualatin Valley about 25 miles west of Portland, it carries a quiet, small-town character while remaining within easy reach of the Portland metro area's restaurants, breweries, and cultural attractions. The community is best known as the home of Pacific University, one of the oldest chartered universities in the American West, and it serves as a relaxed gateway to the northern Oregon Coast, the surrounding Tualatin Valley wine country, and the wooded ridges of the Tillamook State Forest.

Just southwest of town, Henry Hagg Lake draws visitors with a roughly 1,100-acre reservoir surrounded by conifer-covered hills. About a 15-minute drive from Forest Grove, the lake offers boating, fishing, swimming, and more than 13 miles of paved and gravel trails looping its shoreline, making it a popular summer destination for paddlers, cyclists, and families looking to cool off in the warmer months.

A short drive west of Forest Grove, the Tillamook State Forest rolls toward the Pacific, laced with hiking trails, shaded campgrounds, and the scenic drive to the coast. Travelers can reach the famous Tillamook cheese country and the beach towns of the northern Oregon shore in roughly an hour, with stops along the way at viewpoints and forest picnic areas. The route itself, passing through forest and farm country, is a popular day trip for visitors based in the Willamette Valley.

Forest Grove is also at the heart of the Tualatin Valley's wine region, with tasting rooms and vineyards scattered through the rolling countryside within a 15-to-30-minute drive in nearly every direction. Many of these wineries host summer concerts, harvest events, and patio tastings, giving short-term rental guests a low-key alternative to the more crowded Willamette Valley estates farther south.

For investors and travelers alike, Forest Grove offers a compelling mix of small-town affordability and access. Guests can spend the morning hiking around Hagg Lake, the afternoon sampling pinot noir in nearby vineyards, and the evening browsing Pacific University's leafy historic campus or the locally owned shops along Main Street, all before retreating to a rental that feels worlds away from Portland yet sits only about 40 minutes from the city center. That combination of natural recreation, wine country proximity, and coastal access makes Forest Grove a versatile base for exploring northwestern Oregon throughout the year.

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