Real Estate Investing in Lincoln City, Oregon (97367)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97367 (Lincoln City, 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: 38.9% of homes vacant — above national norms.
What’s happening in Lincoln City, OR (97367)?
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Market Analysis: 97367 Lincoln City
The 97367 ZIP in Lincoln City, OR is a local-operator market. Outside capital chasing a $487K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 97367 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within OR, ZIP 97367 trails on several market indicators that neighboring Lincoln County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Resident income in 97367 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 97367 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 Lincoln City:
Property Strategy for 97367
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $276,989 | $1,220 | 3.2% | +7.3% | $276,989 |
| 2BR | $407,269 | $1,600 | 2.8% | +7.8% | $203,635 |
| 3BR | $537,840 | $2,210 | 3.0% | +8.5% | $179,280 |
| 4BR | $690,768 | $2,680 | 2.8% | +8.6% | $172,692 |
| 5BR | $851,189 | — | — | +8.6% | $170,238 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97367 Compare?
| Metric | 97367 | Lincoln City | Newport, OR | Oregon |
|---|---|---|---|---|
| Home Value | $486,964 | $558,148 | N/A | $493,884 |
| 5-Year CAGR | 3.9% | 3.6% | N/A | 4.9% |
| Avg Rent | $1,990 | $1,720 | N/A | - |
| Cap Rate | 3.2% | 2.5% | - | - |
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 97367 (Lincoln City, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $486,964 |
| Monthly Rent | $1,990 |
| Price-to-Rent | 20.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (3.2%). 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 97367
Population: 11,280
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 97367
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
Do rentals sit vacant long in Lincoln City, OR?
Expect elevated vacancy in Lincoln City, OR. Rents at $1,990/mo are absorbed by the tenant base without meaningful lag.
How strong is the working-renter base in Lincoln City, OR?
The renter base in Lincoln City, OR is reasonable for the $1,990/mo price point. Screening well and pricing to market typically yields stable tenants.
How should investors approach Lincoln City, OR?
In Lincoln City, OR the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $487K prices and $1,990/mo rents suits that approach.
Are eviction rules reasonable in Lincoln City, OR?
Lincoln City, OR falls under OR landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What monthly rent should investors expect in Lincoln City, OR?
Average rent in Lincoln City, OR is approximately $1,990/mo per month. Against $487K home values that yields a reasonable rent-to-price ratio.
You know 97367 now. You don’t know where it ranks.
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How 97367 ranks in Newport, OR
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