Real Estate Investing in North Plains, Oregon (97133)
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Should you buy in 97133 (North Plains, OR)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Flat appreciation: Values have barely moved over 5 years (1.0% CAGR).
What’s happening in North Plains, OR (97133)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97133 North Plains
This part of Washington County is not an easy win. The 97133 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 97133 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in North Plains have seen price recovery that 97133 has not matched. Washington County data supports the view that the spread is structural rather than temporary.
Resident income in 97133 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 97133 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in North Plains:
Property Strategy for 97133
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $533,298 | $3,110 | 4.2% | +4.8% | $177,766 |
| 4BR | $605,271 | $3,690 | 4.4% | +3.8% | $151,318 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97133 Compare?
| Metric | 97133 | North Plains | Oregon |
|---|---|---|---|
| Home Value | $567,269 | $567,269 | $493,884 |
| 5-Year CAGR | 1.0% | 1.0% | 4.9% |
| Avg Rent | $2,745 | $2,745 | - |
| Cap Rate | 3.8% | 3.8% | - |
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 97133 (North Plains, OR). Anonymous, moderated, never written by AI.
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Property managers serving Washington County
Manage rentals here? List your business →Shamrock Community & Property Management offers Community Association Management services. summary from their website
PreciseRentals.com is a domain name for sale. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $567,269 |
| Monthly Rent | $2,745 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 4.8% |
📈 Home Appreciation
| 1-Year | -2.8% ▼ |
| 3-Year CAGR | -1.2% ▼ |
| 5-Year CAGR | +1.0% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 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 (3.8%). 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 97133
Population: 5,662
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 97133
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
What is the smart move for investors in North Plains, OR?
Most investors in North Plains, OR run a careful cash-flow rentals with hands-on management strategy. It aligns with the 2.0/5 investability profile and the market fundamentals.
Is housing expensive in North Plains, OR?
North Plains, OR median home values land near $567K. That is reasonable territory for investors looking at $2,745/mo-per-month rentals.
Is North Plains in OR worth investing in?
Our data puts North Plains, OR at 2.0/5 for investability. Home prices of $567K and rents around $2,745/mo create a solid backdrop for investor activity.
How landlord-friendly is North Plains, OR?
Landlord-friendliness in North Plains, OR is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the typical rental rate in North Plains, OR?
The typical rental in North Plains, OR commands about $2,745/mo monthly. That rent profile consistent cash flow against the $567K purchase basis.
You know 97133 now. You don’t know where it ranks.
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How 97133 ranks in Portland-Vancouver-Hillsboro, OR-WA
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