Real Estate Investing in Eagle Creek, Oregon (97022)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97022 (Eagle Creek, OR)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High price-to-rent: Price-to-rent ratio 34.6 — 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 Eagle Creek, OR (97022)?
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Market Analysis: 97022 Eagle Creek
Not every below-median market is a bargain. Eagle Creek's 97022 ZIP reports signals that favor experienced operators who can absorb the risk $673K pricing implies.
The investment case in 97022 is substantial only for operators who understand what they are buying. A $673K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 97022 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.
Resident income in 97022 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 97022 is an operator game, not a passive one. Put differently, entry prices of $673K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Eagle Creek:
Property Strategy for 97022
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $679,467 | $2,470 | 2.6% | +6.1% | $226,489 |
| 4BR | $789,340 | $2,900 | 2.6% | +7.0% | $197,335 |
Market Trends
Home Value History (with trend line)
📊 How Does 97022 Compare?
| Metric | 97022 | Eagle Creek | Oregon |
|---|---|---|---|
| Home Value | $673,115 | $673,115 | $493,884 |
| 5-Year CAGR | 3.0% | 3.0% | 4.9% |
| Avg Rent | $1,620 | $1,620 | - |
| Cap Rate | 1.9% | 1.9% | - |
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 97022 (Eagle Creek, OR). Anonymous, moderated, never written by AI.
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Property managers serving Clackamas County
Manage rentals here? List your business →Eagle Property Management is Portland's premier property management team, serving Portland and Lake Oswego, OR. summary from their website
Illume Property Management and North Coast Property Management eliminate the stress of property ownership and remodeling in the Portland Metro Area and on the Oregon Coast. summary from their website
Real Property Management helps protect investments, provides professional service, minimizes costs, and maximizes income for property owners. 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 | $673,115 |
| Monthly Rent | $1,620 |
| Price-to-Rent | 34.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 4.9% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +3.0% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (1.9%). 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 97022
Population: 3,172
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 97022
Schools in This ZIP Code
About Repit School Scores
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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
Investor Insight: With 2,401 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Eagle Creek, OR a good place for real estate investing?
Eagle Creek, OR clocks in at an investability rating of 2.0/5, with median home values near $673K and average rents around $1,620/mo. That combination puts it in the notable tier for investor interest.
Should investors worry about vacancy in Eagle Creek, OR?
Vacancy in Eagle Creek, OR is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,620/mo.
How strong are rents in Eagle Creek, OR?
Investors in Eagle Creek, OR typically see rents near $1,620/mo per month against $673K home values - a solid setup for rental cash flow.
Which investment style suits Eagle Creek, OR?
A careful cash-flow rentals with hands-on management strategy Eagle Creek, OR best. The market produces measured results for that approach at the $673K price point.
How landlord-friendly is Eagle Creek, OR?
The landlord environment in Eagle Creek, OR is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 97022 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97022 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 97022 ranks in Portland-Vancouver-Hillsboro, OR-WA
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