Real Estate Investing in Oregon City, Oregon (97045)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97045 (Oregon City, OR)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 25.8 — hard to cash-flow at these prices.
What’s happening in Oregon City, OR (97045)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97045 Oregon City
The 97045 ZIP covers a section of Oregon City that demands careful diligence. Prices near $605K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $605K asset, 97045 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 97045 and stronger Oregon City ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 97045 includes headwinds that any investor should price in. Income distribution skews lower than Oregon City averages, and tenant stability requires active management.
The right play in 97045 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Oregon City:
Property Strategy for 97045
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $372,546 | $1,690 | 3.3% | +3.1% | $372,546 |
| 2BR | $440,203 | $1,940 | 3.2% | +4.6% | $220,102 |
| 3BR | $558,152 | $2,640 | 3.4% | +5.2% | $186,051 |
| 4BR | $667,051 | $3,140 | 3.4% | +5.5% | $166,763 |
| 5BR | $754,160 | — | — | +5.7% | $150,832 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97045 Compare?
| Metric | 97045 | Oregon City | Oregon |
|---|---|---|---|
| Home Value | $604,521 | $604,521 | $493,884 |
| 5-Year CAGR | 2.7% | 2.7% | 4.9% |
| Avg Rent | $1,955 | $1,955 | - |
| Cap Rate | 2.5% | 2.5% | - |
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 97045 (Oregon City, OR). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 97045 (Oregon City, OR)?
~25 seconds · no account needed · your report is anonymous
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 | $604,521 |
| Monthly Rent | $1,955 |
| Price-to-Rent | 25.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 5.2% |
📈 Home Appreciation
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 Rent Trends
| 1-Year | +0.1% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +3.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). 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 97045
Population: 57,432
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 97045
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 8,393 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Oregon City, OR rate as a rental market?
With a 3.0/5 investability score, Oregon City, OR ranks as a solid market for rental property investors. Median prices of $605K and rents of $1,955/mo drive the underlying numbers.
What is the typical rental rate in Oregon City, OR?
Rental rates in Oregon City, OR average $1,955/mo. Tenant demand and $605K home values make the yield look reasonable by investor standards.
Is Oregon City, OR a friendly market for rental owners?
OR law landlord-friendly for landlords, and Oregon City inherits those rules. Investors should still review local ordinances for rental licensing.
What is the tenant pool like in Oregon City, OR?
The renter base in Oregon City, OR is reasonable for the $1,955/mo price point. Screening well and pricing to market typically yields stable tenants.
What is the rental occupancy rate in Oregon City, OR?
Oregon City, OR sees elevated vacancy, which is reasonable relative to the broader OR rental market.
You know 97045 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97045 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 97045 ranks in Portland-Vancouver-Hillsboro, OR-WA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 97045 (Oregon City)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 97045 (Oregon City, OR).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.