Real Estate Investing in Otis, Oregon (97368)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97368 (Otis, 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: 23.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 30.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Otis, OR (97368)?
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Market Analysis: 97368 Otis
The 97368 ZIP covers a section of Otis that demands careful diligence. Prices near $459K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 97368 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader OR picture, 97368 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 97368 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 97368 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 Otis:
Property Strategy for 97368
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $280,352 | $1,070 | 2.7% | +6.4% | $280,352 |
| 2BR | $372,888 | $1,410 | 2.7% | +7.3% | $186,444 |
| 3BR | $535,144 | $1,950 | 2.6% | +7.9% | $178,381 |
| 4BR | $708,338 | $2,370 | 2.4% | — | $177,085 |
Market Trends
Home Value History (with trend line)
📊 How Does 97368 Compare?
| Metric | 97368 | Otis | Newport, OR | Oregon |
|---|---|---|---|---|
| Home Value | $458,630 | $458,630 | N/A | $493,884 |
| 5-Year CAGR | 3.4% | 3.4% | N/A | 4.9% |
| Avg Rent | $1,269 | $1,269 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97368 (Otis, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $458,630 |
| Monthly Rent | $1,269 |
| Price-to-Rent | 30.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | -0.2% ▼ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (2.2%). 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 97368
Population: 2,768
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
Is Otis, OR good for house hacking?
For house hackers, Otis, OR is a challenging. The $1,269/mo rent on a unit helps defray the mortgage on a $459K property.
Is rental property easy to operate in Otis, OR?
Rental owners in Otis, OR deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Are tenants stable in Otis, OR?
Otis, OR offers a measured renter base at the $1,269/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Otis in OR worth investing in?
Otis, OR clocks in at an investability rating of 3.0/5, with median home values near $459K and average rents around $1,269/mo. That combination puts it in the resilient tier for investor interest.
What type of investing works in Otis, OR?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Otis, OR. The numbers - $459K homes against $1,269/mo rents - support that play.
You know 97368 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97368 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 97368 ranks in Newport, OR
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