Oregon City, OR

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

73 / 141

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$27,270

Middle-Earners Revenue

Occupancy

73%

Middle-Earners Occupancy

Home Value

$605,581

Median Home Sale Price

Top Earners

$62,090

Top-Earners Revenue

Oregon City

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Oregon City.

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C

Challenging to Investors

Oregon City Regulations

STRs are permitted across all residential zones but require a Conditional Use Permit via a Type III land‑use review with a public hearing, pre‑application conference and additional fees, plus business licensing and tax registration; overlays and the lengthy approval process create a significant compliance burden that limits investor friendliness.

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About Oregon City

Oregon City sits along the Willamette River at its confluence with the Clackamas River, in Clackamas County, Oregon. With a population of roughly 37,000 residents, it carries the distinction of being the first incorporated city west of the Rocky Mountains and the former capital of the Oregon Territory. The community blends a quiet, small-town atmosphere with a deep pioneer-era past, and its position at the lower end of the Willamette Valley makes it a natural jumping-off point for travelers exploring both the Portland metro area and the Cascade Range to the east. Downtown Portland lies about 13 miles to the northwest, an easy drive of around 25 minutes.

One of the most striking natural features in the metro region is Willamette Falls, which drops roughly 40 feet across a horseshoe-shaped basalt shelf just north of the city center. It is among the largest waterfalls in the United States by volume, and visitors can view it from overlooks in Willamette Falls State Park, just minutes from downtown. The area is undergoing a major public-access restoration, adding new walkways and viewpoints to a site that was once largely closed to the public.

The End of the Oregon Trail Interpretive Center anchors the city's heritage tourism scene, telling the story of the thousands of pioneers who completed their journey along the Oregon Trail in the surrounding Willamette Valley. The center sits within walking distance of the historic downtown core and pairs naturally with a stop at the McLoughlin House, the preserved home of Dr. John McLoughlin, the fur-trader-turned-chief-factor often called the "Father of Oregon." The McLoughlin House is administered as a National Historic Site by the National Park Service and is free to visit.

Roughly 60 to 75 miles east of Oregon City, the slopes of Mount Hood rise within the Mount Hood National Forest, offering year-round hiking, alpine skiing at Mt. Hood Skibowl and Timberline, and the famously scenic drive along the Historic Columbia River Highway. Timberline Lodge, a National Historic Landmark on the mountain, sits at about 6,000 feet of elevation and remains a popular day trip from the Willamette Valley.

For short-term rental owners, Oregon City offers a compelling mix: more affordable real estate than nearby Portland, a recognizable historical brand that draws heritage tourists, and quick access to the waterfalls, Willamette Valley wineries, and ski fields of northwest Oregon. Its walkable downtown, riverfront trails, and proximity to both the Portland metro and the Cascades give guests a base that feels grounded in Oregon history yet connected to the wider region's biggest draws.

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