Real Estate Investing in Hebo, Oregon (97122)
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Should you buy in 97122 (Hebo, 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.
- Elevated poverty: 26.6% poverty rate — can affect rent collection.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hebo, OR (97122)?
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Market Analysis: 97122 Hebo
Investors eyeing 97122 need to respect the fundamentals at play. Home values of $396K come alongside slower price movement and elevated management overhead.
Rent of $1,458/mo on a $396K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 97122 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Hebo have seen price recovery that 97122 has not matched. Tillamook County data supports the view that the spread is structural rather than temporary.
A sturdy renter share of 0% in 97122 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 97122 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Hebo:
Market Trends
Home Value History (with trend line)
📊 How Does 97122 Compare?
| Metric | 97122 | Hebo | Oregon |
|---|---|---|---|
| Home Value | $396,271 | $396,271 | $493,884 |
| 5-Year CAGR | 3.8% | 3.8% | 4.9% |
| Avg Rent | $1,458 | $1,458 | - |
| Cap Rate | 2.9% | 2.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97122 (Hebo, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $396,271 |
| Monthly Rent | $1,458 |
| Price-to-Rent | 22.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (2.9%). 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 97122
Population: 563
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
Frequently Asked Questions
How strong is Hebo, OR for real estate investors?
Our data puts Hebo, OR at 3.0/5 for investability. Home prices of $396K and rents around $1,458/mo create a solid backdrop for investor activity.
How quickly do rentals get leased in Hebo, OR?
Vacancy in Hebo, OR is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,458/mo.
What is the typical rental rate in Hebo, OR?
Rent in Hebo, OR is around $1,458/mo. The resulting rent-to-value relationship with $396K pricing is reasonable for most investor models.
Is Hebo, OR good for house hacking?
Hebo, OR offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,458/mo rent level.
Are landlord laws favorable in Hebo, OR?
For rental operators, Hebo, OR rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 97122 now. You don’t know where it ranks.
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How 97122 ranks in Portland-Vancouver-Hillsboro, OR-WA
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