Real Estate Investing in Tillamook, Oregon (97141)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97141 (Tillamook, 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: 17.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 31.2 — 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 Tillamook, OR (97141)?
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Market Analysis: 97141 Tillamook
The 97141 ZIP covers a section of Tillamook that demands careful diligence. Prices near $452K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $452K asset, 97141 is the wrong submarket. If the plan prices in friction, the yield can still work.
Turning to rents, 97141 offers a low basis, the region around Tillamook has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A sturdy renter share of 32% in 97141 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. healthy returns are possible in 97141, 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 Tillamook:
Property Strategy for 97141
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $368,022 | $1,080 | 2.1% | +4.1% | $368,022 |
| 2BR | $410,541 | $1,340 | 2.4% | +5.7% | $205,270 |
| 3BR | $446,885 | $1,860 | 3.0% | +6.1% | $148,962 |
| 4BR | $543,402 | $1,990 | 2.6% | +6.2% | $135,851 |
| 5BR | $581,223 | — | — | +4.9% | $116,245 |
Market Trends
Home Value History (with trend line)
📊 How Does 97141 Compare?
| Metric | 97141 | Tillamook | Oregon |
|---|---|---|---|
| Home Value | $451,897 | $556,192 | $493,884 |
| 5-Year CAGR | 2.5% | 1.9% | 4.9% |
| Avg Rent | $1,206 | $1,206 | - |
| Cap Rate | 2.1% | 1.8% | - |
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 97141 (Tillamook, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $451,897 |
| Monthly Rent | $1,206 |
| Price-to-Rent | 31.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 4.6% |
📈 Home Appreciation
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 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 (2.1%). 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 97141
Population: 12,734
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 97141
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
Which investment style suits Tillamook, OR?
Investors usually favor careful cash-flow rentals with hands-on management in Tillamook, OR. With home values at $452K and rents near $1,206/mo, other strategies can work but produce stable rather than outsized returns.
How tight is the rental market in Tillamook, OR?
Vacancy risk in Tillamook, OR is elevated. That supports stable cash flow for typical rental holds.
Is Tillamook, OR landlord-friendly?
OR ranks as a landlord-friendly state for landlord-tenant law. Tillamook generally follows the statewide framework, so landlords face reasonable operating rules.
Can I live-in-and-rent in Tillamook, OR?
The house hack math a challenging in Tillamook, OR. Owner-occupant buyers benefit from the $1,206/mo rents and $452K home values.
Are renters plentiful in Tillamook, OR?
Tillamook, OR draws a stable base of working renters. Demand at the $1,206/mo rent level is reasonable for standard single-family and small multi rentals.
You know 97141 now. You don’t know where it ranks.
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