Real Estate Investing in Occidental, California (94923)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 94923 (Occidental, CA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 49.8% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 9.2% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 53.6 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Occidental, CA (94923)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 94923 Occidental
Not every below-median market is a bargain. Occidental's 94923 ZIP shows signals that favor experienced operators who can absorb the risk $1.4M pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 94923 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
On balance, 94923 offers a low basis, the region around Occidental has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 94923 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 94923 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Occidental:
Property Strategy for 94923
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $1,108,656 | $2,470 | 1.6% | +6.2% | $554,328 |
| 3BR | $1,510,705 | $3,370 | 1.6% | +7.6% | $503,568 |
| 4BR | $1,906,098 | $3,570 | 1.3% | +8.7% | $476,525 |
Market Trends
Home Value History (with trend line)
📊 How Does 94923 Compare?
| Metric | 94923 | Occidental | Santa Rosa-Petaluma, CA | California |
|---|---|---|---|---|
| Home Value | $1,429,865 | $1,290,643 | N/A | $761,003 |
| 5-Year CAGR | 3.5% | 1.6% | N/A | 5.7% |
| Avg Rent | $2,223 | $2,223 | N/A | - |
| Cap Rate | 1.2% | 1.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 94923 (Occidental, CA). Anonymous, moderated, never written by AI.
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Property managers serving Sonoma County
Manage rentals here? List your business →PURE Property Management of California aims to provide simple and satisfying rental experiences for all. summary from their website
Prestige Real Estate & Property Management offers Santa Rosa Property Management services. summary from their website
The Professional Property Management Association of San Francisco (PPMA) represents professional management of residential and commercial space in San Francisco. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $1,429,865 |
| Monthly Rent | $2,223 |
| Price-to-Rent | 53.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.9% |
| Cap Rate | 1.2% |
| 5-Year IRR | 4.7% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 94923
Population: 1,457
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 94923
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Is housing expensive in Occidental, CA?
Homes in Occidental, CA typically sell near $1.4M. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
How strong is the working-renter base in Occidental, CA?
Occidental, CA draws a stable base of working renters. Demand at the $2,223/mo rent level is reasonable for standard single-family and small multi rentals.
How strict are landlord regulations in Occidental, CA?
CA law tenant-protective for landlords, and Occidental inherits those rules. Investors should still review local ordinances for rental licensing.
What monthly rent should investors expect in Occidental, CA?
Rent in Occidental, CA is around $2,223/mo. The resulting rent-to-value relationship with $1.4M pricing is reasonable for most investor models.
Are there empty rentals in Occidental, CA?
Rental vacancy in Occidental, CA is elevated. Investors should budget normal turnover but not chronic empty units.
You know 94923 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 94923 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 94923 ranks in Santa Rosa-Petaluma, CA
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