Real Estate Investing in Nehalem, Oregon

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 2,442 • Tillamook County

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Should you buy in Nehalem, OR? Our answer, based on the numbers below.

🏠 For Homebuyers
WEAK FIT
Grade F (31/100)

Multiple negative signals. Better options likely exist nearby.

📈 For Investors
WEAK
2.0 / 5 (33/100)

Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.

⚠️ Risks to Know
1 flag
  • High vacancy: 35.9% of homes vacant — above national norms.

What’s happening in Nehalem, OR?

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2.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

2.9% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $574,907
Avg Monthly Rent $1,467
ZIP Codes 1

Investing in Nehalem Real Estate

Nehalem (Oregon) spans 1 ZIPs and roughly a sizable population. firmly the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.

A 2.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Nehalem is in that category.

Market conditions in Nehalem are subdued. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

Demographics in Nehalem show real pressure — median income of $N/AK is subdued relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Nehalem, OR. Anonymous, moderated, never written by AI.

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Avg Home Value
$574,907
Avg Monthly Rent
$1,467
1% Rule
✗ Below
Landlord Friendly (OR)

📉 Market Crash Risk Index

Based on Astoria, OR metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
56%
Days Pending
0/2
0 days

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☀️ Warm Market — Astoria, OR metro
0
Days to pending
8.9%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Nehalem, OR

Screen every ZIP in Nehalem

Filter Nehalem’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Nehalem, OR

What is the best play in Nehalem, OR?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Nehalem, OR. The numbers - $575K homes against $1,467/mo rents - support that play.

Is Nehalem, OR landlord-friendly?

Landlord-friendliness in Nehalem, OR is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.

What monthly rent should investors expect in Nehalem, OR?

Nehalem, OR rentals go for roughly $1,467/mo a month. That puts gross yield in solid territory relative to $575K acquisition costs.

Can owner-occupants cash flow in Nehalem, OR?

House hacking in Nehalem, OR is a challenging. With home values around $575K and rents at $1,467/mo, owner-occupants can offset a meaningful share of PITI.

What are vacancy rates like in Nehalem, OR?

Nehalem, OR carries elevated vacancy risk. Expect stable absorption at market rents of $1,467/mo.

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