Real Estate Investing in Carlton, Oregon (97111)
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Should you buy in 97111 (Carlton, 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 27.4 — 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 Carlton, OR (97111)?
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Market Analysis: 97111 Carlton
Investors eyeing 97111 need to respect the fundamentals at play. Home values of $553K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $553K asset, 97111 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within OR, ZIP 97111 trails on several market indicators that neighboring Yamhill County submarkets outperform. The gap is real and solid enough to shape underwriting.
A significant renter share of 26% in 97111 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Carlton's stable or hybrid ZIPs before stepping into 97111. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Carlton:
Property Strategy for 97111
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $394,946 | $1,870 | 3.4% | +5.8% | $197,473 |
| 3BR | $512,882 | $2,550 | 3.6% | +5.6% | $170,961 |
| 4BR | $597,513 | $3,020 | 3.6% | +4.9% | $149,378 |
Market Trends
Home Value History (with trend line)
📊 How Does 97111 Compare?
| Metric | 97111 | Carlton | Oregon |
|---|---|---|---|
| Home Value | $553,333 | $553,333 | $493,884 |
| 5-Year CAGR | 2.5% | 2.5% | 4.9% |
| Avg Rent | $1,683 | $1,683 | - |
| Cap Rate | 2.4% | 2.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97111 (Carlton, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $553,333 |
| Monthly Rent | $1,683 |
| Price-to-Rent | 27.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 4.9% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (2.4%). 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 97111
Population: 4,285
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 97111
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
How strong is Carlton, OR for real estate investors?
Carlton, OR rates 3.0/5 for investability. With median values at $553K and rents near $1,683/mo, the market offers reasonable fundamentals for rental investors.
What real estate strategy is ideal for Carlton, OR?
Carlton, OR investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($553K prices, $1,683/mo rents) make it a reasonable choice.
How much is rent in Carlton, OR?
Rents in Carlton, OR run near $1,683/mo. Compared with median home prices of $553K that produces solid gross yields for typical rentals.
Does house hacking make sense in Carlton, OR?
House hacking in Carlton, OR is reasonable to execute. Prices around $553K and rents of $1,683/mo solid owner-occupant economics.
Do rentals sit vacant long in Carlton, OR?
Rental vacancy in Carlton, OR is elevated. Investors should budget normal turnover but not chronic empty units.
You know 97111 now. You don’t know where it ranks.
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How 97111 ranks in Portland-Vancouver-Hillsboro, OR-WA
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