Real Estate Investing in Welches, Oregon (97067)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97067 (Welches, OR)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 35.9% 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 Welches, OR (97067)?
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Market Analysis: 97067 Welches
ZIP 97067 inside Clackamas County looks affordable on the surface — median value of $457K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,665/mo on a $457K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 97067 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Welches have seen price recovery that 97067 has not matched. Clackamas County data supports the view that the spread is structural rather than temporary.
The demographic picture in 97067 includes headwinds that any investor should price in. Income distribution skews lower than Welches averages, and tenant stability requires active management.
The 97067 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Welches:
Property Strategy for 97067
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $365,187 | $1,850 | 3.6% | +5.4% | $182,593 |
| 3BR | $541,470 | $2,520 | 3.4% | +6.4% | $180,490 |
| 4BR | $673,770 | $2,990 | 3.2% | +6.4% | $168,442 |
Market Trends
Home Value History (with trend line)
📊 How Does 97067 Compare?
| Metric | 97067 | Welches | Oregon |
|---|---|---|---|
| Home Value | $456,695 | $573,282 | $493,884 |
| 5-Year CAGR | 3.5% | 5.1% | 4.9% |
| Avg Rent | $1,665 | $1,683 | - |
| Cap Rate | 2.8% | 2.4% | - |
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 97067 (Welches, OR). Anonymous, moderated, never written by AI.
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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 | $456,695 |
| Monthly Rent | $1,665 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 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 (2.8%). 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 97067
Population: 2,285
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 97067
Schools in This ZIP Code
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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
Is Welches, OR a good place for real estate investing?
The 3.0/5 investability rating in Welches, OR reflects its $457K prices and $1,665/mo rents. Investors generally consider it a solid option within OR.
What is the rental occupancy rate in Welches, OR?
Rental vacancy in Welches, OR is elevated. Investors should budget normal turnover but not chronic empty units.
Is housing expensive in Welches, OR?
Expect median prices around $457K in Welches, OR. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
How landlord-friendly is Welches, OR?
OR ranks as a landlord-friendly state for landlord-tenant law. Welches generally follows the statewide framework, so landlords face reasonable operating rules.
What real estate strategy is ideal for Welches, OR?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Welches, OR. The numbers - $457K homes against $1,665/mo rents - support that play.
You know 97067 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97067 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 97067 ranks in Portland-Vancouver-Hillsboro, OR-WA
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