Real Estate Investing in Estacada, Oregon (97023)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97023 (Estacada, 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 28.1 — 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 Estacada, OR (97023)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97023 Estacada
The 97023 ZIP covers a section of Estacada that demands careful diligence. Prices near $545K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 97023 can be a worth a close look for hunting ground — but the discount at $545K reflects genuine risk that outside investors often underestimate.
In the broader OR picture, 97023 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 97023 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. notable returns are possible in 97023, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Estacada:
Property Strategy for 97023
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $433,779 | $1,800 | 3.0% | +4.5% | $216,890 |
| 3BR | $522,252 | $2,470 | 3.4% | +4.4% | $174,084 |
| 4BR | $571,478 | $2,900 | 3.7% | +4.4% | $142,869 |
Market Trends
Home Value History (with trend line)
📊 How Does 97023 Compare?
| Metric | 97023 | Estacada | Oregon |
|---|---|---|---|
| Home Value | $545,210 | $545,210 | $493,884 |
| 5-Year CAGR | 1.6% | 1.6% | 4.9% |
| Avg Rent | $1,620 | $1,620 | - |
| Cap Rate | 2.3% | 2.3% | - |
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 97023 (Estacada, 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 | $545,210 |
| Monthly Rent | $1,620 |
| Price-to-Rent | 28.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 3.9% |
📈 Home Appreciation
| 1-Year | +0.3% ▲ |
| 3-Year CAGR | 0.0% ▼ |
| 5-Year CAGR | +1.6% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 (2.3%). 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 97023
Population: 11,608
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 97023
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 OR a landlord-friendly state?
Landlord-friendliness in Estacada, OR is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Does house hacking work in Estacada, OR?
House hacking works a challenging in Estacada, OR. Rents of $1,620/mo against $545K acquisition make the strategy solid for owner-occupants.
What is the average home sale price in Estacada, OR?
Typical homes in Estacada, OR go for around $545K. The 5-year CAGR of 0.0% measured price movement.
What is the investability score for Estacada, OR?
Estacada, OR comes in at an investability rating of 2.0/5, with median home values near $545K and average rents around $1,620/mo. That combination puts it in the durable tier for investor interest.
What is the tenant pool like in Estacada, OR?
Expect a solid tenant pool in Estacada, OR. The rental market absorbs $1,620/mo rents without meaningful friction.
You know 97023 now. You don’t know where it ranks.
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How 97023 ranks in Portland-Vancouver-Hillsboro, OR-WA
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