Real Estate Investing in Saint Paul, Oregon (97137)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97137 (Saint Paul, 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.
- High price-to-rent: Price-to-rent ratio 33.1 — 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 Saint Paul, OR (97137)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97137 Saint Paul
The 97137 ZIP covers a section of Saint Paul that demands careful diligence. Prices near $604K look accessible, but the work to make a deal cash flow is real.
Rent of $1,521/mo on a $604K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 97137 sits below the stated 0.0% once reality is priced in.
Within OR, ZIP 97137 trails on several market indicators that neighboring Marion County submarkets outperform. The gap is real and substantial enough to shape underwriting.
A resilient renter share of 37% in 97137 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Saint Paul:
Market Trends
Home Value History (with trend line)
📊 How Does 97137 Compare?
| Metric | 97137 | Saint Paul | Salem, OR | Oregon |
|---|---|---|---|---|
| Home Value | $604,251 | $604,251 | N/A | $493,884 |
| 5-Year CAGR | 2.7% | 2.7% | N/A | 4.9% |
| Avg Rent | $1,521 | $1,521 | N/A | - |
| Cap Rate | 2.0% | 2.0% | - | - |
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 97137 (Saint Paul, OR). Anonymous, moderated, never written by AI.
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Property managers serving Marion County
Manage rentals here? List your business →Evolve Workforce & Multifamily Housing Services. summary from their website
Dalke Property Management, Llc. 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 | $604,251 |
| Monthly Rent | $1,521 |
| Price-to-Rent | 33.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 2.0% |
| 5-Year IRR | 4.6% |
📈 Home Appreciation
| 1-Year | +1.9% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 97137
Population: 1,126
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 97137
Schools in This ZIP Code
About Repit School Scores
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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
How strong is the working-renter base in Saint Paul, OR?
The renter base in Saint Paul, OR is reasonable for the $1,521/mo price point. Screening well and pricing to market typically yields consistent tenants.
Is Saint Paul, OR a smart market for rental property?
With a 2.0/5 investability score, Saint Paul, OR ranks as a solid market for rental property investors. Median prices of $604K and rents of $1,521/mo drive the underlying numbers.
What is the median home value in Saint Paul, OR?
Expect median prices around $604K in Saint Paul, OR. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
Can I house hack in Saint Paul, OR?
Saint Paul, OR is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $604K price point reasonable to enter.
Is Saint Paul, OR a friendly market for rental owners?
Saint Paul, OR falls under OR landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 97137 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97137 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.
How 97137 ranks in Salem, OR
Every ZIP in this metro, ranked. Free.
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