Real Estate Investing in Rhododendron, Oregon (97049)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97049 (Rhododendron, 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 vacancy: 59.9% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Rhododendron, OR (97049)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97049 Rhododendron
This part of Clackamas County is not an easy win. The 97049 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 97049 is robust only for operators who understand what they are buying. A $425K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 97049's metrics run below Clackamas County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 97049 ZIP's population of 2,015 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
The right play in 97049 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 Rhododendron:
Property Strategy for 97049
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $353,797 | $1,970 | 4.0% | +6.2% | $176,898 |
| 3BR | $500,027 | $2,680 | 3.9% | +6.2% | $166,676 |
| 4BR | $592,413 | $3,190 | 3.9% | +6.6% | $148,103 |
Market Trends
Home Value History (with trend line)
📊 How Does 97049 Compare?
| Metric | 97049 | Rhododendron | Oregon |
|---|---|---|---|
| Home Value | $424,929 | $424,929 | $493,884 |
| 5-Year CAGR | 3.5% | 3.5% | 4.9% |
| Avg Rent | $1,773 | $1,773 | - |
| Cap Rate | 3.3% | 3.3% | - |
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 97049 (Rhododendron, OR). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 97049 (Rhododendron, 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 | $424,929 |
| Monthly Rent | $1,773 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (3.3%). 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 97049
Population: 2,015
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
Frequently Asked Questions
What is the renter demographic in Rhododendron, OR?
Rhododendron, OR offers a even-keeled renter base at the $1,773/mo rent level. Tenant turnover is reasonable for well-managed properties.
Does Rhododendron, OR make sense for an investment property?
With a 3.0/5 investability score, Rhododendron, OR ranks as a solid market for rental property investors. Median prices of $425K and rents of $1,773/mo drive the underlying numbers.
What real estate strategy is ideal for Rhododendron, OR?
For Rhododendron, OR, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is Rhododendron, OR good for landlords?
Rhododendron, OR falls under OR landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How much does a house cost in Rhododendron, OR?
Homes in Rhododendron, OR typically sell near $425K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
You know 97049 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97049 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 97049 ranks in Portland-Vancouver-Hillsboro, OR-WA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 97049 (Rhododendron)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 97049 (Rhododendron, OR).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.