Real Estate Investing in Scotts Mills, Oregon (97375)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97375 (Scotts Mills, OR)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High price-to-rent: Price-to-rent ratio 33.2 — 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 Scotts Mills, OR (97375)?
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Market Analysis: 97375 Scotts Mills
Turning to rents, ZIP 97375 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $645K median. It rewards specialists, not generalists.
For an experienced owner, 97375 can be a a viable market for hunting ground — but the discount at $645K reflects genuine risk that outside investors often underestimate.
Regionally, 97375 sits on the difficult end of the OR spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 97375 includes headwinds that any investor should price in. Income distribution skews lower than Scotts Mills averages, and tenant stability requires active management.
appears to 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 Scotts Mills:
Market Trends
Home Value History (with trend line)
📊 How Does 97375 Compare?
| Metric | 97375 | Scotts Mills | Salem, OR | Oregon |
|---|---|---|---|---|
| Home Value | $644,642 | $644,642 | N/A | $493,884 |
| 5-Year CAGR | 3.6% | 3.6% | N/A | 4.9% |
| Avg Rent | $1,620 | $1,620 | N/A | - |
| Cap Rate | 2.0% | 2.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97375 (Scotts Mills, OR). Anonymous, moderated, never written by AI.
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Property managers serving Marion County
Manage rentals here? List your business →Evolve Workforce & Multifamily Housing Services. summary from their website
Dalke Property Management, Llc. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $644,642 |
| Monthly Rent | $1,620 |
| Price-to-Rent | 33.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 2.0% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (2.0%). 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 97375
Population: 1,204
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 97375
Schools in This ZIP Code
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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
Frequently Asked Questions
How should investors approach Scotts Mills, OR?
Most investors in Scotts Mills, OR run a careful cash-flow rentals with hands-on management strategy. It aligns with the 2.0/5 investability profile and the market fundamentals.
What do landlords charge for rent in Scotts Mills, OR?
Expect rents around $1,620/mo per month in Scotts Mills, OR. With home values at $645K, the yield math works out to reasonable levels for rental investors.
What does house hacking look like in Scotts Mills, OR?
For house hackers, Scotts Mills, OR is a challenging. The $1,620/mo rent on a unit helps defray the mortgage on a $645K property.
What are home prices like in Scotts Mills, OR?
The median home value in Scotts Mills, OR is roughly $645K. That puts it reasonable relative to the OR statewide average.
Should investors worry about vacancy in Scotts Mills, OR?
Vacancy in Scotts Mills, OR is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,620/mo.
You know 97375 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97375 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 97375 ranks in Salem, OR
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