Real Estate Investing in Blodgett, Oregon (97326)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97326 (Blodgett, 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: 21.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 32.9 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Blodgett, OR (97326)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97326 Blodgett
The 97326 ZIP covers a section of Blodgett that demands careful diligence. Prices near $551K look accessible, but the work to make a deal cash flow is real.
From an investor standpoint, the numbers look inviting — $551K purchase price, 0.0% nominal cap — the work to hit that pro forma in 97326 is substantial and deserves full respect.
Within OR, ZIP 97326 trails on several market indicators that neighboring Benton County submarkets outperform. The gap is real and significant enough to shape underwriting.
Who lives in 97326 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 97326 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Blodgett:
Market Trends
Home Value History (with trend line)
📊 How Does 97326 Compare?
| Metric | 97326 | Blodgett | Corvallis, OR | Oregon |
|---|---|---|---|---|
| Home Value | $550,638 | $550,638 | N/A | $493,884 |
| 5-Year CAGR | 2.0% | 2.0% | N/A | 4.9% |
| Avg Rent | $1,395 | $1,395 | 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 97326 (Blodgett, OR). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 97326 (Blodgett, OR)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $550,638 |
| Monthly Rent | $1,395 |
| Price-to-Rent | 32.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 2.0% |
| 5-Year IRR | 4.0% |
📈 Home Appreciation
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | -1.1% ▼ |
| 5-Year CAGR | +2.0% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 97326
Population: 931
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 97326
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.
Frequently Asked Questions
Is Blodgett, OR a good place for real estate investing?
Blodgett, OR reflects an investability rating of 2.0/5, with median home values near $551K and average rents around $1,395/mo. That combination puts it in the robust tier for investor interest.
How quickly do rentals get leased in Blodgett, OR?
Vacancy risk in Blodgett, OR is elevated. That supports consistent cash flow for typical rental holds.
How expensive is real estate in Blodgett, OR?
Median home price in Blodgett, OR is near $551K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
Are eviction rules reasonable in Blodgett, OR?
For rental operators, Blodgett, OR rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How much do tenants pay in Blodgett, OR?
Rent in Blodgett, OR is around $1,395/mo. The resulting rent-to-value relationship with $551K pricing is reasonable for most investor models.
You know 97326 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97326 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 97326 ranks in Corvallis, OR
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 97326 (Blodgett)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 97326 (Blodgett, OR).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.