Real Estate Investing in Donald, Oregon (97020)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97020 (Donald, OR)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Higher unemployment: 8.1% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Donald, OR (97020)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97020 Donald
The 97020 ZIP in Donald, OR is a local-operator market. Outside capital chasing a $464K entry has to pair deep knowledge with the discount.
The investment case in 97020 is robust only for operators who understand what they are buying. A $464K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 97020 sits on the difficult end of the OR spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 97020 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 97020 is an operator game, not a passive one. Stepping back, entry prices of $464K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Donald:
Market Trends
Home Value History (with trend line)
📊 How Does 97020 Compare?
| Metric | 97020 | Donald | Salem, OR | Oregon |
|---|---|---|---|---|
| Home Value | $464,249 | $464,249 | N/A | $493,884 |
| 5-Year CAGR | 2.9% | 2.9% | N/A | 4.9% |
| Avg Rent | $1,584 | $1,584 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
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 97020 (Donald, OR). Anonymous, moderated, never written by AI.
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Property managers serving Marion County
Manage rentals here? List your business →Evolve Workforce & Multifamily Housing Services. summary from their website
Dalke Property Management, Llc. 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 | $464,249 |
| Monthly Rent | $1,584 |
| Price-to-Rent | 24.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | -0.4% ▼ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (2.7%). 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 97020
Population: 1,242
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 97020
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
North Marion Primary School
North Marion High School
North Marion Intermediate School
North Marion Middle School
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is housing expensive in Donald, OR?
Donald, OR home values average about $464K. That price point suits investors targeting rentals with $1,584/mo in monthly income.
What is the typical renter like in Donald, OR?
Tenant quality in Donald, OR ranks as solid. Landlords generally report consistent occupancy at market rents of $1,584/mo.
How strong is Donald, OR for real estate investors?
Donald, OR scores 3.0/5 for investability. Home values sit at $464K and rents near $1,584/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is house hacking profitable in Donald, OR?
House hacking in Donald, OR is reasonable to execute. Prices around $464K and rents of $1,584/mo solid owner-occupant economics.
Is OR a landlord-friendly state?
Landlord-friendliness in Donald, OR is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 97020 now. You don’t know where it ranks.
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How 97020 ranks in Salem, OR
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