Real Estate Investing in Cascade Locks, Oregon (97014)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97014 (Cascade Locks, OR)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.5% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cascade Locks, OR (97014)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97014 Cascade Locks
From an investor standpoint, ZIP 97014 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $411K median. It rewards specialists, not generalists.
For an experienced owner, 97014 can be a an appealing option for hunting ground — but the discount at $411K reflects genuine risk that outside investors often underestimate.
ZIP 97014's metrics run below Hood River County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Looking more closely, 1,617 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 97014 is an operator game, not a passive one. Put differently, entry prices of $411K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Cascade Locks:
Property Strategy for 97014
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $342,404 | $1,830 | 3.8% | +4.2% | $171,202 |
| 3BR | $417,440 | $2,540 | 4.4% | +5.2% | $139,147 |
Market Trends
Home Value History (with trend line)
📊 How Does 97014 Compare?
| Metric | 97014 | Cascade Locks | Hood River, OR | Oregon |
|---|---|---|---|---|
| Home Value | $410,628 | $410,628 | N/A | $493,884 |
| 5-Year CAGR | 2.5% | 2.5% | N/A | 4.9% |
| Avg Rent | $1,647 | $1,647 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 97014 (Cascade Locks, OR). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 97014 (Cascade Locks, OR)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $410,628 |
| Monthly Rent | $1,647 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (3.1%). 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 97014
Population: 1,617
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 97014
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
Are homes affordable in Cascade Locks, OR?
Expect median prices around $411K in Cascade Locks, OR. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
Which investment style suits Cascade Locks, OR?
In Cascade Locks, OR the solid play is typically careful cash-flow rentals with hands-on management. The combination of $411K prices and $1,647/mo rents suits that approach.
Where do rents currently stand in Cascade Locks, OR?
Expect rents around $1,647/mo per month in Cascade Locks, OR. With home values at $411K, the yield math works out to reasonable levels for rental investors.
Can owner-occupants cash flow in Cascade Locks, OR?
House hacking in Cascade Locks, OR is a challenging. With home values around $411K and rents at $1,647/mo, owner-occupants can offset a meaningful share of PITI.
How landlord-friendly is Cascade Locks, OR?
OR ranks as a landlord-friendly state for landlord-tenant law. Cascade Locks generally follows the statewide framework, so landlords face reasonable operating rules.
You know 97014 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97014 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.
AI Market Advisor
Ask questions about investing in 97014 (Cascade Locks)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 97014 (Cascade Locks, OR).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.