Real Estate Investing in Rockaway Beach, Oregon (97136)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97136 (Rockaway Beach, OR)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 64.4% of homes vacant — above national norms.
What’s happening in Rockaway Beach, OR (97136)?
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Market Analysis: 97136 Rockaway Beach
This part of Tillamook County is not an easy win. The 97136 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,900/mo on a $464K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 97136 sits below the stated 0.0% once reality is priced in.
The gap between 97136 and stronger Rockaway Beach ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 97136 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. impressive returns are possible in 97136, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Rockaway Beach:
Property Strategy for 97136
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $355,053 | $1,120 | 2.3% | +6.7% | $355,053 |
| 2BR | $412,586 | $1,380 | 2.4% | +8.0% | $206,293 |
| 3BR | $508,428 | $1,920 | 2.7% | +8.0% | $169,476 |
| 4BR | $686,122 | $2,050 | 2.2% | +8.9% | $171,530 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97136 Compare?
| Metric | 97136 | Rockaway Beach | Oregon |
|---|---|---|---|
| Home Value | $464,217 | $464,217 | $493,884 |
| 5-Year CAGR | 3.6% | 3.6% | 4.9% |
| Avg Rent | $1,900 | $1,900 | - |
| Cap Rate | 3.2% | 3.2% | - |
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 97136 (Rockaway Beach, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $464,217 |
| Monthly Rent | $1,900 |
| Price-to-Rent | 20.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | -0.6% ▼ |
| 3-Year CAGR | -0.2% ▼ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (3.2%). 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 97136
Population: 2,422
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 97136
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 average monthly rent in Rockaway Beach, OR?
Investors in Rockaway Beach, OR typically see rents near $1,900/mo per month against $464K home values - a solid setup for rental cash flow.
Which investment style suits Rockaway Beach, OR?
In Rockaway Beach, OR the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $464K prices and $1,900/mo rents suits that approach.
Do rentals sit vacant long in Rockaway Beach, OR?
Rockaway Beach, OR vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is OR a landlord-friendly state?
OR ranks as a landlord-friendly state for landlord-tenant law. Rockaway Beach generally follows the statewide framework, so landlords face reasonable operating rules.
How strong is Rockaway Beach, OR for real estate investors?
Investors tracking Rockaway Beach, OR will find a 3.0/5 rating supported by $464K median home values and $1,900/mo rents. That profile suits long-term holders targeting reliable returns.
You know 97136 now. You don’t know where it ranks.
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