Real Estate Investing in Mulino, Oregon (97042)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97042 (Mulino, OR)? 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.
- Elevated vacancy: 8.7% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 33.7 — 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 Mulino, OR (97042)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97042 Mulino
Not every below-median market is a bargain. Mulino's 97042 ZIP records signals that favor experienced operators who can absorb the risk $712K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 97042 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 97042 and stronger Mulino ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 97042 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 97042 is an operator game, not a passive one. Stepping back, entry prices of $712K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Mulino:
Property Strategy for 97042
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $699,515 | $2,670 | 2.7% | +5.9% | $233,172 |
| 4BR | $865,880 | $3,170 | 2.6% | +5.4% | $216,470 |
Market Trends
Home Value History (with trend line)
📊 How Does 97042 Compare?
| Metric | 97042 | Mulino | Oregon |
|---|---|---|---|
| Home Value | $712,451 | $712,451 | $493,884 |
| 5-Year CAGR | 3.0% | 3.0% | 4.9% |
| Avg Rent | $1,764 | $1,764 | - |
| 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 97042 (Mulino, 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 | $712,451 |
| Monthly Rent | $1,764 |
| Price-to-Rent | 33.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 1.9% |
| 5-Year IRR | 5.0% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +3.0% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 97042
Population: 3,330
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 97042
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
Frequently Asked Questions
What is the average home sale price in Mulino, OR?
Typical homes in Mulino, OR go for around $712K. The 5-year CAGR of 0.0% even-keeled price movement.
What is the tenant pool like in Mulino, OR?
Expect a solid tenant pool in Mulino, OR. The rental market absorbs $1,764/mo rents without meaningful friction.
How much is rent in Mulino, OR?
Mulino, OR rentals go for roughly $1,764/mo a month. That puts gross yield in solid territory relative to $712K acquisition costs.
Do landlords face vacancy issues in Mulino, OR?
Expect elevated vacancy in Mulino, OR. Rents at $1,764/mo are absorbed by the tenant base without meaningful lag.
How do landlord-tenant laws work in Mulino, OR?
OR ranks as a landlord-friendly state for landlord-tenant law. Mulino generally follows the statewide framework, so landlords face reasonable operating rules.
You know 97042 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97042 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 97042 ranks in Portland-Vancouver-Hillsboro, OR-WA
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