Real Estate Investing in Lebanon, Oregon (97355)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97355 (Lebanon, 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 Lebanon, OR (97355)?
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Market Analysis: 97355 Lebanon
Investors eyeing 97355 need to respect the fundamentals at play. Home values of $397K come alongside slower price movement and elevated management overhead.
Rent of $1,565/mo on a $397K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 97355 sits below the stated 0.0% once reality is priced in.
Regionally, 97355 sits on the difficult end of the OR spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 97355 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 97355 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Lebanon:
Property Strategy for 97355
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $261,231 | $1,250 | 3.4% | +6.8% | $261,231 |
| 2BR | $304,397 | $1,520 | 3.6% | +6.9% | $152,199 |
| 3BR | $391,113 | $2,060 | 3.8% | +6.9% | $130,371 |
| 4BR | $480,159 | $2,390 | 3.6% | +6.4% | $120,040 |
| 5BR | $600,307 | — | — | +6.9% | $120,061 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97355 Compare?
| Metric | 97355 | Lebanon | Albany-Lebanon, OR | Oregon |
|---|---|---|---|---|
| Home Value | $397,231 | $397,231 | N/A | $493,884 |
| 5-Year CAGR | 3.8% | 3.8% | N/A | 4.9% |
| Avg Rent | $1,565 | $1,565 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97355 (Lebanon, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $397,231 |
| Monthly Rent | $1,565 |
| Price-to-Rent | 21.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 Rent Trends
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 97355
Population: 33,236
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 97355
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
How does Lebanon, OR stack up for property investment?
Lebanon, OR sits at an investability rating of 3.0/5, with median home values near $397K and average rents around $1,565/mo. That combination puts it in the substantial tier for investor interest.
How much should I expect to pay for a home in Lebanon, OR?
Expect median prices around $397K in Lebanon, OR. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
Where do rents currently stand in Lebanon, OR?
The typical rental in Lebanon, OR commands about $1,565/mo monthly. That rent profile stable cash flow against the $397K purchase basis.
Is rental property easy to operate in Lebanon, OR?
Landlord-friendliness in Lebanon, OR is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the typical vacancy rate in Lebanon, OR?
Lebanon, OR vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 97355 now. You don’t know where it ranks.
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How 97355 ranks in Albany-Lebanon, OR
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