Real Estate Investing in Cloverdale, Oregon (97112)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97112 (Cloverdale, OR)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 31.8% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.5 — 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 Cloverdale, OR (97112)?
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Market Analysis: 97112 Cloverdale
This part of Tillamook County is not an easy win. The 97112 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Put differently, the numbers look inviting — $481K purchase price, 0.0% nominal cap — the work to hit that pro forma in 97112 is substantial and deserves full respect.
The gap between 97112 and stronger Cloverdale ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
On balance, 2,108 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.
Experienced landlords with local relationships tend to find 97112 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Cloverdale:
Property Strategy for 97112
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $356,581 | $1,310 | 2.6% | +5.1% | $356,581 |
| 2BR | $426,547 | $1,620 | 2.7% | +5.9% | $213,273 |
| 3BR | $513,611 | $2,250 | 3.2% | +6.2% | $171,204 |
Market Trends
Home Value History (with trend line)
📊 How Does 97112 Compare?
| Metric | 97112 | Cloverdale | Oregon |
|---|---|---|---|
| Home Value | $481,285 | $533,343 | $493,884 |
| 5-Year CAGR | 2.0% | 2.4% | 4.9% |
| Avg Rent | $1,458 | $1,463 | - |
| Cap Rate | 2.4% | 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 97112 (Cloverdale, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $481,285 |
| Monthly Rent | $1,458 |
| Price-to-Rent | 27.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 4.3% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | -0.7% ▼ |
| 5-Year CAGR | +2.0% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 97112
Population: 2,108
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 97112
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 Cloverdale, OR a smart market for rental property?
Cloverdale, OR scores 2.0/5 for investability. Home values sit at $481K and rents near $1,458/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How do home values compare in Cloverdale, OR?
Expect median prices around $481K in Cloverdale, OR. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
How tight is the rental market in Cloverdale, OR?
Expect elevated vacancy in Cloverdale, OR. Rents at $1,458/mo are absorbed by the tenant base without meaningful lag.
How deep is the rental pool in Cloverdale, OR?
Tenant demand in Cloverdale, OR is solid. The local workforce $1,458/mo rents across most rental classes.
What do landlords charge for rent in Cloverdale, OR?
Cloverdale, OR rentals go for roughly $1,458/mo a month. That puts gross yield in solid territory relative to $481K acquisition costs.
You know 97112 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97112 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.
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