Real Estate Investing in Warren, Oregon (97053)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97053 (Warren, 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 33.3 — 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 Warren, OR (97053)?
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Market Analysis: 97053 Warren
The 97053 ZIP covers a section of Warren that demands careful diligence. Prices near $646K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 97053 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 97053 and stronger Warren ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 97053 ZIP's population of 3,401 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Distressed ZIPs reward experience. healthy returns are possible in 97053, 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 Warren:
Property Strategy for 97053
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $619,709 | $2,470 | 2.9% | +5.2% | $206,570 |
| 4BR | $717,236 | $2,900 | 2.9% | +5.4% | $179,309 |
Market Trends
Home Value History (with trend line)
📊 How Does 97053 Compare?
| Metric | 97053 | Warren | Oregon |
|---|---|---|---|
| Home Value | $646,454 | $646,454 | $493,884 |
| 5-Year CAGR | 2.4% | 2.4% | 4.9% |
| Avg Rent | $1,620 | $1,620 | - |
| Cap Rate | 2.0% | 2.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97053 (Warren, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $646,454 |
| Monthly Rent | $1,620 |
| Price-to-Rent | 33.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 2.0% |
| 5-Year IRR | 4.4% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +2.4% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (2.0%). 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 97053
Population: 3,401
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 97053
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
What are home prices like in Warren, OR?
The median home value in Warren, OR is roughly $646K. That puts it reasonable relative to the OR statewide average.
What does house hacking look like in Warren, OR?
For house hackers, Warren, OR is a challenging. The $1,620/mo rent on a unit helps defray the mortgage on a $646K property.
What is the typical renter like in Warren, OR?
Tenant quality in Warren, OR ranks as solid. Landlords generally report steady occupancy at market rents of $1,620/mo.
What is it like being a landlord in Warren, OR?
OR ranks as a landlord-friendly state for landlord-tenant law. Warren generally follows the statewide framework, so landlords face reasonable operating rules.
What monthly rent should investors expect in Warren, OR?
Average rent in Warren, OR is approximately $1,620/mo per month. Against $646K home values that yields a reasonable rent-to-price ratio.
You know 97053 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97053 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 97053 ranks in Portland-Vancouver-Hillsboro, OR-WA
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