Real Estate Investing in Amity, Oregon (97101)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97101 (Amity, 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 price-to-rent: Price-to-rent ratio 30.1 — 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 Amity, OR (97101)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97101 Amity
Investors eyeing 97101 need to respect the fundamentals at play. Home values of $586K come alongside slower price movement and elevated management overhead.
Rent of $1,620/mo on a $586K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 97101 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Amity have seen price recovery that 97101 has not matched. Yamhill County data supports the view that the spread is structural rather than temporary.
Resident income in 97101 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Amity's stable or hybrid ZIPs before stepping into 97101. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Amity:
Property Strategy for 97101
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $418,892 | $1,800 | 3.1% | +6.1% | $209,446 |
| 3BR | $547,557 | $2,470 | 3.2% | +6.5% | $182,519 |
| 4BR | $693,559 | $2,900 | 3.0% | +6.5% | $173,390 |
Market Trends
Home Value History (with trend line)
📊 How Does 97101 Compare?
| Metric | 97101 | Amity | Oregon |
|---|---|---|---|
| Home Value | $585,929 | $585,929 | $493,884 |
| 5-Year CAGR | 3.7% | 3.7% | 4.9% |
| Avg Rent | $1,620 | $1,620 | - |
| Cap Rate | 2.2% | 2.2% | - |
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 97101 (Amity, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $585,929 |
| Monthly Rent | $1,620 |
| Price-to-Rent | 30.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (2.2%). 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 97101
Population: 3,945
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 97101
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
Investor Insight: With 2,140 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in Amity, OR?
In Amity, OR the median home value sits at $586K. Against the broader OR market, that reads as reasonable for most investors.
Are eviction rules reasonable in Amity, OR?
For rental operators, Amity, OR rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is Amity, OR good for house hacking?
House hacking in Amity, OR is a challenging. With home values around $586K and rents at $1,620/mo, owner-occupants can offset a meaningful share of PITI.
What kind of vacancy should I budget for in Amity, OR?
Amity, OR vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Are rents high in Amity, OR?
Rents in Amity, OR run near $1,620/mo. Compared with median home prices of $586K that produces solid gross yields for typical rentals.
You know 97101 now. You don’t know where it ranks.
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How 97101 ranks in Portland-Vancouver-Hillsboro, OR-WA
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