Real Estate Investing in Depoe Bay, Oregon (97341)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97341 (Depoe Bay, 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: 39.2% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 33.6 — 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 Depoe Bay, OR (97341)?
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Market Analysis: 97341 Depoe Bay
Put differently, ZIP 97341 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $554K median. It rewards specialists, not generalists.
For an experienced owner, 97341 can be a a strong candidate for hunting ground — but the discount at $554K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Depoe Bay have seen price recovery that 97341 has not matched. Lincoln data supports the view that the spread is structural rather than temporary.
A significant renter share of 25% in 97341 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 97341 is an operator game, not a passive one. Put differently, entry prices of $554K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Depoe Bay:
Property Strategy for 97341
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $462,099 | $1,530 | 2.4% | +7.4% | $231,049 |
| 3BR | $616,263 | $2,110 | 2.5% | +8.1% | $205,421 |
| 4BR | $814,867 | $2,570 | 2.3% | +8.3% | $203,717 |
Market Trends
Home Value History (with trend line)
📊 How Does 97341 Compare?
| Metric | 97341 | Depoe Bay | Oregon |
|---|---|---|---|
| Home Value | $554,462 | $423,015 | $493,884 |
| 5-Year CAGR | 3.5% | 3.1% | 4.9% |
| Avg Rent | $1,377 | $1,368 | - |
| Cap Rate | 1.9% | 2.8% | - |
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 97341 (Depoe Bay, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $554,462 |
| Monthly Rent | $1,377 |
| Price-to-Rent | 33.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 1.9% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | +0.1% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (1.9%). 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 97341
Population: 3,194
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Are homes affordable in Depoe Bay, OR?
Expect median prices around $554K in Depoe Bay, OR. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
How much do tenants pay in Depoe Bay, OR?
The typical rental in Depoe Bay, OR commands about $1,377/mo monthly. That rent profile even-keeled cash flow against the $554K purchase basis.
Are renters plentiful in Depoe Bay, OR?
The tenant pool in Depoe Bay, OR is solid, supported by local employment and population fundamentals. Rents of $1,377/mo are well-absorbed by the market.
Is Depoe Bay, OR landlord-friendly?
Landlord-friendliness in Depoe Bay, OR is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Can I house hack in Depoe Bay, OR?
House hacking in Depoe Bay, OR is a challenging. With home values around $554K and rents at $1,377/mo, owner-occupants can offset a meaningful share of PITI.
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