Real Estate Investing in Vernonia, Oregon (97064)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97064 (Vernonia, 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: 12.7% 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 Vernonia, OR (97064)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97064 Vernonia
Investors eyeing 97064 need to respect the fundamentals at play. Home values of $392K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 97064 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Put differently, 97064 offers a low basis, the region around Vernonia has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
On balance, 3,730 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 97064 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 Vernonia:
Property Strategy for 97064
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $301,691 | $1,800 | 4.3% | +5.8% | $150,845 |
| 3BR | $407,363 | $2,470 | 4.4% | +5.6% | $135,788 |
| 4BR | $488,820 | $2,900 | 4.3% | +5.3% | $122,205 |
Market Trends
Home Value History (with trend line)
📊 How Does 97064 Compare?
| Metric | 97064 | Vernonia | Oregon |
|---|---|---|---|
| Home Value | $392,484 | $392,484 | $493,884 |
| 5-Year CAGR | 2.2% | 2.2% | 4.9% |
| Avg Rent | $1,620 | $1,620 | - |
| Cap Rate | 3.2% | 3.2% | - |
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 97064 (Vernonia, OR). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 97064 (Vernonia, OR)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $392,484 |
| Monthly Rent | $1,620 |
| Price-to-Rent | 20.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | +0.3% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +2.2% ▲ |
| 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 (3.2%). 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 97064
Population: 3,730
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 97064
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 do landlords charge for rent in Vernonia, OR?
The typical rental in Vernonia, OR commands about $1,620/mo monthly. That rent profile even-keeled cash flow against the $392K purchase basis.
How quickly do rentals get leased in Vernonia, OR?
Vacancy in Vernonia, OR is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,620/mo.
Is Vernonia, OR a smart market for rental property?
Yes - Vernonia, OR a 3.0/5 investability score. With $392K home prices against $1,620/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the best play in Vernonia, OR?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Vernonia, OR. The numbers - $392K homes against $1,620/mo rents - support that play.
How qualified is the tenant pool in Vernonia, OR?
Working renters make up the core of the Vernonia, OR tenant base. The pool is reasonable for investors targeting long-term holds.
You know 97064 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97064 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 97064 ranks in Portland-Vancouver-Hillsboro, OR-WA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 97064 (Vernonia)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 97064 (Vernonia, OR).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.