Real Estate Investing in The Dalles, Oregon (97058)
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Should you buy in 97058 (The Dalles, 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.
No major risk flags on the data we track.
What’s happening in The Dalles, OR (97058)?
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Market Analysis: 97058 The Dalles
Meanwhile, ZIP 97058 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $395K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 97058 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader OR picture, 97058 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A healthy renter share of 38% in 97058 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 97058 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in The Dalles:
Property Strategy for 97058
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $238,946 | $1,250 | 3.8% | — | $238,946 |
| 2BR | $310,310 | $1,550 | 3.6% | +6.3% | $155,155 |
| 3BR | $394,507 | $2,160 | 3.9% | +6.3% | $131,502 |
| 4BR | $446,116 | $2,510 | 4.1% | +6.1% | $111,529 |
| 5BR | $506,246 | — | — | +6.0% | $101,249 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97058 Compare?
| Metric | 97058 | The Dalles | The Dalles, OR | Oregon |
|---|---|---|---|---|
| Home Value | $395,056 | $395,056 | N/A | $493,884 |
| 5-Year CAGR | 3.2% | 3.2% | N/A | 4.9% |
| Avg Rent | $1,625 | $1,625 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97058 (The Dalles, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $395,056 |
| Monthly Rent | $1,625 |
| Price-to-Rent | 20.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 Rent Trends
| 1-Year | -3.1% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). 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 97058
Population: 20,540
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 97058
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
Frequently Asked Questions
What is the tenant pool like in The Dalles, OR?
The tenant pool in The Dalles, OR is solid, supported by local employment and population fundamentals. Rents of $1,625/mo are well-absorbed by the market.
Is The Dalles, OR a good place for real estate investing?
The Dalles, OR sits at an investability rating of 3.0/5, with median home values near $395K and average rents around $1,625/mo. That combination puts it in the substantial tier for investor interest.
What is the typical vacancy rate in The Dalles, OR?
Occupancy in The Dalles, OR runs predictable with elevated vacancy. Well-priced units at $1,625/mo lease on reasonable timelines.
Are eviction rules reasonable in The Dalles, OR?
For rental operators, The Dalles, OR rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What is the typical home price in The Dalles, OR?
Homes in The Dalles, OR typically sell near $395K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
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How 97058 ranks in The Dalles, OR
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