Real Estate Investing in The Dalles, Oregon

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1 ZIP codes • Population: 20,540 • Wasco County

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

🏠 For Homebuyers
CAUTION
Grade D (49/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in The Dalles, OR?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

3.2% 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 $395,056
Avg Monthly Rent $1,625
ZIP Codes 1

Investing in The Dalles Real Estate

Across The Dalles's 1 ZIPs, the picture is subdued: $395K median values, $1,625/mo rents, and a population that has faced real economic pressure.

Investors considering The Dalles, OR should understand what the ★★★☆☆ rating represents — a market with material structural headwinds, not a temporary rough patch.

Transaction volume in The Dalles has thinned in a way that amplifies price discovery risk. From an investor standpoint, investors without local context should treat every number on the page with skepticism.

Population dynamics in The Dalles haven't been supportive. a challenging fit for combined with lackluster income growth, the demographic backdrop complicates any purely financial underwriting.

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 The Dalles, OR

The Dalles is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation →

Landlord Ground Truth

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

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Avg Home Value
$395,056
Avg Monthly Rent
$1,625
1% Rule
✗ Below
Landlord Friendly (OR)

📉 Market Crash Risk Index

Based on The Dalles, OR metro

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

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☀️ Warm Market — The Dalles, OR metro
0
Days to pending
7.9%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

🎓 Colleges & Universities in The Dalles

1 College 736 Students 314 Off-Campus Renters
C
Columbia Gorge Community College
2-Year Public · 736 students
📍 ~314 students rent off-campus

ZIP Codes in The Dalles, OR

Screen every ZIP in The Dalles

Filter The Dalles’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 The Dalles, OR

Does The Dalles, OR make sense for an investment property?

Yes - The Dalles, OR a 3.0/5 investability score. With $395K home prices against $1,625/mo monthly rent, the market delivers a reasonable entry point for new investors.

What do landlords charge for rent in The Dalles, OR?

The typical rental in The Dalles, OR commands about $1,625/mo monthly. That rent profile consistent cash flow against the $395K purchase basis.

How strong is tenant demand in The Dalles, OR?

Expect a solid tenant pool in The Dalles, OR. The rental market absorbs $1,625/mo rents without meaningful friction.

Where do home prices stand in The Dalles, OR?

Typical homes in The Dalles, OR go for around $395K. The 5-year CAGR of 0.0% stable price movement.

What are vacancy rates like in The Dalles, OR?

Vacancy risk in The Dalles, OR is elevated. That supports measured cash flow for typical rental holds.

Community Ratings

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