Real Estate Investing in Tillamook, Oregon (97134)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97134 (Tillamook, 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: 74.9% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.4% CAGR).
- High price-to-rent: Price-to-rent ratio 45.6 — hard to cash-flow at these prices.
• 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 Tillamook, OR (97134)?
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Market Analysis: 97134 Tillamook
Investors eyeing 97134 need to respect the fundamentals at play. Home values of $660K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 97134 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 97134 among OR's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
On the rental side, 152 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.
The 97134 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Tillamook:
Market Trends
Home Value History (with trend line)
📊 How Does 97134 Compare?
| Metric | 97134 | Tillamook | Oregon |
|---|---|---|---|
| Home Value | $660,488 | $556,192 | $493,884 |
| 5-Year CAGR | 1.4% | 1.9% | 4.9% |
| Avg Rent | $1,206 | $1,206 | - |
| Cap Rate | 1.4% | 1.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97134 (Tillamook, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $660,488 |
| Monthly Rent | $1,206 |
| Price-to-Rent | 45.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.2% |
| Cap Rate | 1.4% |
| 5-Year IRR | 2.8% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | -1.4% ▼ |
| 5-Year CAGR | +1.4% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (1.4%). 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 97134
Population: 152
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the median home value in Tillamook, OR?
Typical homes in Tillamook, OR go for around $660K. The 5-year CAGR of 0.0% steady price movement.
What kind of vacancy should I budget for in Tillamook, OR?
Occupancy in Tillamook, OR runs stable with elevated vacancy. Well-priced units at $1,206/mo lease on reasonable timelines.
How strong is the working-renter base in Tillamook, OR?
The renter base in Tillamook, OR is reasonable for the $1,206/mo price point. Screening well and pricing to market typically yields stable tenants.
What type of investing works in Tillamook, OR?
A careful cash-flow rentals with hands-on management strategy Tillamook, OR best. The market produces predictable results for that approach at the $660K price point.
Is Tillamook, OR a friendly market for rental owners?
For rental operators, Tillamook, OR rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
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