Real Estate Investing in Grand Ronde, Oregon (97347)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97347 (Grand Ronde, 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: 18.1% of homes vacant — above national norms.
- Elevated poverty: 38.4% poverty rate — can affect rent collection.
- Lower household income: $30,417 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Grand Ronde, OR (97347)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97347 Grand Ronde
On balance, ZIP 97347 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $463K median. It rewards specialists, not generalists.
The investment case in 97347 is notable only for operators who understand what they are buying. A $463K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 97347 and stronger Grand Ronde ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 97347 includes headwinds that any investor should price in. Income distribution skews lower than Grand Ronde averages, and tenant stability requires active management.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Grand Ronde:
Market Trends
Home Value History (with trend line)
📊 How Does 97347 Compare?
| Metric | 97347 | Grand Ronde | Oregon |
|---|---|---|---|
| Home Value | $463,165 | $463,165 | $493,884 |
| 5-Year CAGR | 3.5% | 3.5% | 4.9% |
| Avg Rent | $1,620 | $1,620 | - |
| Cap Rate | 2.7% | 2.7% | - |
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 97347 (Grand Ronde, OR). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 97347 (Grand Ronde, OR)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $463,165 |
| Monthly Rent | $1,620 |
| Price-to-Rent | 23.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (2.7%). 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 97347
Population: 1,483
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
Frequently Asked Questions
How tight is the rental market in Grand Ronde, OR?
Grand Ronde, OR sees elevated vacancy, which is reasonable relative to the broader OR rental market.
How qualified is the tenant pool in Grand Ronde, OR?
Grand Ronde, OR draws a predictable base of working renters. Demand at the $1,620/mo rent level is reasonable for standard single-family and small multi rentals.
Which investment style suits Grand Ronde, OR?
Most investors in Grand Ronde, OR run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is house hacking profitable in Grand Ronde, OR?
The a challenging house-hack environment in Grand Ronde, OR reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Grand Ronde, OR a good market for buy-and-hold investors?
Grand Ronde, OR scores 3.0/5 for investability. Home values sit at $463K and rents near $1,620/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 97347 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97347 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 97347 ranks in Portland-Vancouver-Hillsboro, OR-WA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 97347 (Grand Ronde)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 97347 (Grand Ronde, OR).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.