Monmouth, OR

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

21 / 41

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$31,449

Middle-Earners Revenue

Occupancy

66%

Middle-Earners Occupancy

Home Value

$478,531

Median Home Sale Price

Top Earners

$56,861

Top-Earners Revenue

Monmouth

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Monmouth.

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B

Generally Investor friendly

Monmouth Regulations

STRs are explicitly allowed with a simple $25 one-time registration process, no renewal fees, and clear application requirements. However, some properties may need Conditional Use Permits, inspections are possible, and a local representative is required - creating moderate compliance steps that keep this from being very friendly to investors.

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About Monmouth

Monmouth is a small city in Polk County, Oregon, set in the rolling farmland of the mid-Willamette Valley. With a population of approximately 10,000 residents, it carries the feel of a quiet college town, anchored by Western Oregon University, the city's largest employer and cultural center. Monmouth is best known for its small-town atmosphere, its leafy residential streets, and as a convenient base for travelers exploring the Willamette Valley, the Oregon coast, and the state capital. It sits about 15 miles west of Salem and roughly 70 miles southwest of Portland, making it a calm, affordable alternative to staying in the larger cities nearby.

A short drive south of Monmouth brings visitors to Baskett Slough National Wildlife Refuge, a roughly 2,500-acre preserve that protects wetland and oak-savanna habitat in the lowlands west of the Willamette River. The refuge draws birdwatchers, photographers, and casual hikers, with a small driving loop and short walking trails that are especially lively in fall and winter when migratory waterfowl and dusky Canada geese settle in. The drive from central Monmouth is around 10 to 15 minutes, making it an easy morning trip for guests based in town.

West of Monmouth, the road climbs into the eastern foothills of the Coast Range, where Luckiamute State Natural Area offers a quieter alternative to the more developed state parks. Set along the Luckiamute River, the area includes river access, shaded hiking loops, and stands of old-growth forest that feel remote despite being less than an hour from the city. Travelers heading to the Oregon coast from Monmouth often pass through this stretch, and the natural area is a popular stop for picnicking, wading, and wildlife watching.

Travelers using Monmouth as a home base are also within easy reach of Salem, the Oregon state capital, which lies about 15 minutes east and offers the Oregon State Capitol grounds, the Riverfront City Park along the Willamette River, and a compact downtown of restaurants and museums. To the west, the towns of Independence and Dallas, each within about 10 minutes, add a bit of small-town character with antique shops, the Polk County Museum, and seasonal events.

For short-term rental operators and guests alike, Monmouth works well as a low-key, central base for exploring a wide slice of Oregon. The combination of a walkable college-town setting, quick access to Salem, the coast range, and the broader Willamette Valley gives the area a steady mix of visitors, from families visiting Western Oregon University to road-trippers making their way toward the coast.

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