Real Estate Investing in Siletz, Oregon (97380)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97380 (Siletz, 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: 10.1% vacancy may signal weakening demand.
- Elevated poverty: 23.6% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Siletz, OR (97380)?
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Market Analysis: 97380 Siletz
The 97380 ZIP in Siletz, OR is a local-operator market. Outside capital chasing a $449K entry has to pair deep knowledge with the discount.
Rent of $1,602/mo on a $449K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 97380 sits below the stated 0.0% once reality is priced in.
In practical terms, 97380 offers a low basis, the region around Siletz has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 97380 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 97380 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Siletz:
Market Trends
Home Value History (with trend line)
📊 How Does 97380 Compare?
| Metric | 97380 | Siletz | Newport, OR | Oregon |
|---|---|---|---|---|
| Home Value | $448,697 | $448,697 | N/A | $493,884 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 4.9% |
| Avg Rent | $1,602 | $1,602 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97380 (Siletz, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $448,697 |
| Monthly Rent | $1,602 |
| Price-to-Rent | 23.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (2.8%). 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 97380
Population: 2,116
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 97380
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
Frequently Asked Questions
How much rent can I charge in Siletz, OR?
Rental rates in Siletz, OR average $1,602/mo. Tenant demand and $449K home values make the yield look reasonable by investor standards.
Are landlord laws favorable in Siletz, OR?
For rental operators, Siletz, OR rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is Siletz, OR a good market for buy-and-hold investors?
Siletz, OR scores 3.0/5 for investability. Home values sit at $449K and rents near $1,602/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Does a duplex house hack pencil in Siletz, OR?
House hacking works a challenging in Siletz, OR. Rents of $1,602/mo against $449K acquisition make the strategy solid for owner-occupants.
Which investment style suits Siletz, OR?
In Siletz, OR the notable play is typically careful cash-flow rentals with hands-on management. The combination of $449K prices and $1,602/mo rents suits that approach.
You know 97380 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97380 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.
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