Real Estate Investing in Sprague River, Oregon

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

1 ZIP codes • Population: 268 • Klamath County

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

🏠 For Homebuyers
WEAK FIT
Grade F (19/100)

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
3 flags
  • High vacancy: 32.7% of homes vacant — above national norms.
  • Flat appreciation: Values have barely moved over 5 years (0.0% CAGR).
  • 1-year downturn: Values declined 3.9% in the last year.

What’s happening in Sprague River, OR?

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2.0/ 5

Investability

Citywide average

0.0/ 5

Appreciation

Long-term value growth

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 $277,728
Avg Monthly Rent $1,125
ZIP Codes 1

Investing in Sprague River Real Estate

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

Across Sprague River's 1 ZIPs, fundamentals run lackluster: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

The $1,125/mo / $278K relationship in Sprague River looks modest once vacancy and capex are incorporated into underwriting. appears to the realized yield tends to disappoint.

The 0% renter share in Sprague River masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Klamath Falls, OR

Sprague River is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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

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Avg Home Value
$277,728
Avg Monthly Rent
$1,125
1% Rule
✗ Below
Landlord Friendly (OR)

📉 Market Crash Risk Index

Based on Klamath Falls, OR metro

2/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
2/3
61%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Klamath Falls, OR metro
0
Days to pending
8.1%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Sprague River, OR

Screen every ZIP in Sprague River

Filter Sprague River’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 Sprague River, OR

What are home prices like in Sprague River, OR?

The median home value in Sprague River, OR is roughly $278K. That puts it reasonable relative to the OR statewide average.

How strong is tenant demand in Sprague River, OR?

Working renters make up the core of the Sprague River, OR tenant base. The pool is reasonable for investors targeting long-term holds.

Is Sprague River in OR worth investing in?

Investors tracking Sprague River, OR will find a 2.0/5 rating supported by $278K median home values and $1,125/mo rents. That profile suits long-term holders targeting stable returns.

How strong are rents in Sprague River, OR?

The typical rental in Sprague River, OR commands about $1,125/mo monthly. That rent profile stable cash flow against the $278K purchase basis.

What does house hacking look like in Sprague River, OR?

For house hackers, Sprague River, OR is a challenging. The $1,125/mo rent on a unit helps defray the mortgage on a $278K property.

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