Real Estate Investing in Eddyville, Oregon (97343)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97343 (Eddyville, OR)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 32.2 — 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 Eddyville, OR (97343)?
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Market Analysis: 97343 Eddyville
Not every below-median market is a bargain. Eddyville's 97343 ZIP stands at signals that favor experienced operators who can absorb the risk $462K pricing implies.
Rent of $1,197/mo on a $462K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 97343 sits below the stated 0.0% once reality is priced in.
ZIP 97343's metrics run below Lincoln County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 97343 includes headwinds that any investor should price in. Income distribution skews lower than Eddyville averages, and tenant stability requires active management.
The 97343 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Eddyville:
Market Trends
Home Value History (with trend line)
📊 How Does 97343 Compare?
| Metric | 97343 | Eddyville | Newport, OR | Oregon |
|---|---|---|---|---|
| Home Value | $462,120 | $462,120 | N/A | $493,884 |
| 5-Year CAGR | 4.6% | 4.6% | N/A | 4.9% |
| Avg Rent | $1,197 | $1,197 | N/A | - |
| Cap Rate | 2.0% | 2.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97343 (Eddyville, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $462,120 |
| Monthly Rent | $1,197 |
| Price-to-Rent | 32.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (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 97343
Population: 550
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 97343
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
Are renters plentiful in Eddyville, OR?
Working renters make up the core of the Eddyville, OR tenant base. The pool is reasonable for investors targeting long-term holds.
Is Eddyville, OR a good place for real estate investing?
Yes - Eddyville, OR a 3.0/5 investability score. With $462K home prices against $1,197/mo monthly rent, the market delivers a reasonable entry point for new investors.
Can I house hack in Eddyville, OR?
Eddyville, OR offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,197/mo rent level.
How much do tenants pay in Eddyville, OR?
Expect rents around $1,197/mo per month in Eddyville, OR. With home values at $462K, the yield math works out to reasonable levels for rental investors.
What are home prices like in Eddyville, OR?
The median home value in Eddyville, OR is roughly $462K. That puts it reasonable relative to the OR statewide average.
You know 97343 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97343 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 97343 ranks in Newport, OR
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