Real Estate Investing in Albany, Oregon (97322)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97322 (Albany, OR)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Albany, OR (97322)?
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Market Analysis: 97322 Albany
The 97322 ZIP covers a section of Albany that demands careful diligence. Prices near $409K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 97322 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 97322 sits on the difficult end of the OR spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
From an investor standpoint, 36,288 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.
Experienced landlords with local relationships tend to find 97322 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Albany:
Property Strategy for 97322
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $302,396 | $1,550 | 3.7% | +6.6% | $151,198 |
| 3BR | $399,289 | $2,100 | 3.8% | +6.9% | $133,096 |
| 4BR | $479,781 | $2,430 | 3.6% | +6.6% | $119,945 |
| 5BR | $550,881 | — | — | +6.1% | $110,176 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97322 Compare?
| Metric | 97322 | Albany | Albany-Lebanon, OR | Oregon |
|---|---|---|---|---|
| Home Value | $408,883 | $461,250 | N/A | $493,884 |
| 5-Year CAGR | 3.9% | 3.8% | N/A | 4.9% |
| Avg Rent | $1,718 | $1,756 | N/A | - |
| Cap Rate | 3.3% | 3.0% | - | - |
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 97322 (Albany, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $408,883 |
| Monthly Rent | $1,718 |
| Price-to-Rent | 19.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +1.9% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | -8.1% ▼ |
| 3-Year CAGR | -0.7% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 97322
Population: 36,288
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 97322
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
Investor Insight: With 3,101 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Do rentals sit vacant long in Albany, OR?
Expect elevated vacancy in Albany, OR. Rents at $1,718/mo are absorbed by the tenant base without meaningful lag.
Can owner-occupants cash flow in Albany, OR?
Albany, OR is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $409K price point reasonable to enter.
How do home values compare in Albany, OR?
In Albany, OR the median home value sits at $409K. Against the broader OR market, that reads as reasonable for most investors.
What is the typical rental rate in Albany, OR?
Investors in Albany, OR typically see rents near $1,718/mo per month against $409K home values - a solid setup for rental cash flow.
What kind of tenants rent in Albany, OR?
Tenant quality in Albany, OR ranks as solid. Landlords generally report measured occupancy at market rents of $1,718/mo.
You know 97322 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97322 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 97322 ranks in Albany-Lebanon, OR
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