Real Estate Investing in Astoria, Oregon (97103)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97103 (Astoria, 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: 12.0% of homes vacant — above national norms.
What’s happening in Astoria, OR (97103)?
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Market Analysis: 97103 Astoria
The 97103 ZIP in Astoria, OR is a local-operator market. Outside capital chasing a $486K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 97103 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 97103 among OR's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 97103 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 Astoria's stable or hybrid ZIPs before stepping into 97103. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Astoria:
Property Strategy for 97103
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $335,313 | $1,140 | 2.4% | +6.4% | $335,313 |
| 2BR | $401,782 | $1,500 | 2.7% | +6.3% | $200,891 |
| 3BR | $488,174 | $2,050 | 3.0% | +6.7% | $162,725 |
| 4BR | $546,435 | $2,520 | 3.3% | +6.9% | $136,609 |
| 5BR | $590,015 | — | — | +6.5% | $118,003 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97103 Compare?
| Metric | 97103 | Astoria | Astoria, OR | Oregon |
|---|---|---|---|---|
| Home Value | $486,410 | $486,410 | N/A | $493,884 |
| 5-Year CAGR | 3.3% | 3.3% | N/A | 4.9% |
| Avg Rent | $1,644 | $1,644 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
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 97103 (Astoria, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $486,410 |
| Monthly Rent | $1,644 |
| Price-to-Rent | 24.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.6% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +1.9% ▲ |
| 3-Year CAGR | +0.1% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | -21.5% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.6%). 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 97103
Population: 17,738
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 97103
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
Is housing expensive in Astoria, OR?
Astoria, OR median home values land near $486K. That is reasonable territory for investors looking at $1,644/mo-per-month rentals.
What is the tenant pool like in Astoria, OR?
Expect a solid tenant pool in Astoria, OR. The rental market absorbs $1,644/mo rents without meaningful friction.
Should investors consider Astoria, OR?
With a 3.0/5 investability score, Astoria, OR ranks as a solid market for rental property investors. Median prices of $486K and rents of $1,644/mo drive the underlying numbers.
What is it like being a landlord in Astoria, OR?
OR law landlord-friendly for landlords, and Astoria inherits those rules. Investors should still review local ordinances for rental licensing.
What is the typical rental rate in Astoria, OR?
Investors in Astoria, OR typically see rents near $1,644/mo per month against $486K home values - a solid setup for rental cash flow.
You know 97103 now. You don’t know where it ranks.
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