Real Estate Investing in Monmouth, Oregon (97361)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97361 (Monmouth, 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.
- Elevated vacancy: 8.9% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 27.0 — hard to cash-flow at these prices.
What’s happening in Monmouth, OR (97361)?
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Market Analysis: 97361 Monmouth
The 97361 ZIP in Monmouth, OR is a local-operator market. Outside capital chasing a $480K entry has to pair deep knowledge with the discount.
The 97361 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 97361's metrics run below Polk 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 97361 includes headwinds that any investor should price in. Income distribution skews lower than Monmouth averages, and tenant stability requires active management.
New investors are better served looking at Monmouth's stable or hybrid ZIPs before stepping into 97361. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Monmouth:
Property Strategy for 97361
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $392,437 | $1,480 | 2.7% | +5.4% | $196,219 |
| 3BR | $449,347 | $2,080 | 3.3% | +6.5% | $149,782 |
| 4BR | $508,397 | $2,250 | 3.2% | +6.6% | $127,099 |
| 5BR | $612,015 | — | — | +6.2% | $122,403 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97361 Compare?
| Metric | 97361 | Monmouth | Salem, OR | Oregon |
|---|---|---|---|---|
| Home Value | $479,901 | $479,901 | N/A | $493,884 |
| 5-Year CAGR | 3.7% | 3.7% | N/A | 4.9% |
| Avg Rent | $1,479 | $1,479 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
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 97361 (Monmouth, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $479,901 |
| Monthly Rent | $1,479 |
| Price-to-Rent | 27.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 6.1% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.4%). 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 97361
Population: 13,953
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 97361
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,279 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Monmouth, OR a good investment right now?
Monmouth, OR scores 3.0/5 for investability. Home values sit at $480K and rents near $1,479/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What monthly rent should investors expect in Monmouth, OR?
Rental rates in Monmouth, OR average $1,479/mo. Tenant demand and $480K home values make the yield look reasonable by investor standards.
How qualified is the tenant pool in Monmouth, OR?
The tenant pool in Monmouth, OR is solid, supported by local employment and population fundamentals. Rents of $1,479/mo are well-absorbed by the market.
What price range are homes in Monmouth, OR?
The median home value in Monmouth, OR is roughly $480K. That puts it reasonable relative to the OR statewide average.
How high is vacancy risk in Monmouth, OR?
Vacancy risk in Monmouth, OR is elevated. That supports stable cash flow for typical rental holds.
You know 97361 now. You don’t know where it ranks.
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How 97361 ranks in Salem, OR
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