Real Estate Investing in Cloverdale, Oregon (97135)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97135 (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: 58.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 33.3 — 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 (97135)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97135 Cloverdale
The 97135 ZIP in Cloverdale, OR is a local-operator market. Outside capital chasing a $585K entry has to pair deep knowledge with the discount.
The 97135 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
On the rental side, 97135 offers a low basis, the region around Cloverdale has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 97135 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Cloverdale's stable or hybrid ZIPs before stepping into 97135. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Cloverdale:
Property Strategy for 97135
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $471,367 | $1,630 | 2.5% | +6.9% | $235,684 |
| 3BR | $617,000 | $2,270 | 2.6% | +7.6% | $205,667 |
Market Trends
Home Value History (with trend line)
📊 How Does 97135 Compare?
| Metric | 97135 | Cloverdale | Oregon |
|---|---|---|---|
| Home Value | $585,401 | $533,343 | $493,884 |
| 5-Year CAGR | 2.9% | 2.4% | 4.9% |
| Avg Rent | $1,467 | $1,463 | - |
| Cap Rate | 2.0% | 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 97135 (Cloverdale, OR). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 97135 (Cloverdale, OR)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $585,401 |
| Monthly Rent | $1,467 |
| Price-to-Rent | 33.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 2.0% |
| 5-Year IRR | 4.8% |
📈 Home Appreciation
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | -1.2% ▼ |
| 5-Year CAGR | +2.9% ▲ |
| 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 (2.0%). 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 97135
Population: 1,505
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
Is Cloverdale, OR a good place for real estate investing?
The 2.0/5 investability rating in Cloverdale, OR reflects its $585K prices and $1,467/mo rents. Investors generally consider it a solid option within OR.
How do home values compare in Cloverdale, OR?
Median home price in Cloverdale, OR is near $585K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
Do rentals sit vacant long in Cloverdale, OR?
Occupancy in Cloverdale, OR runs measured with elevated vacancy. Well-priced units at $1,467/mo lease on reasonable timelines.
How do landlord-tenant laws work in Cloverdale, OR?
Landlord-friendliness in Cloverdale, OR is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Where do rents currently stand in Cloverdale, OR?
Expect rents around $1,467/mo per month in Cloverdale, OR. With home values at $585K, the yield math works out to reasonable levels for rental investors.
You know 97135 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97135 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.
AI Market Advisor
Ask questions about investing in 97135 (Cloverdale)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 97135 (Cloverdale, OR).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.