Real Estate Investing in Sublimity, Oregon (97385)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97385 (Sublimity, 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.
- High price-to-rent: Price-to-rent ratio 32.2 — 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 Sublimity, OR (97385)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97385 Sublimity
The 97385 ZIP in Sublimity, OR is a local-operator market. Outside capital chasing a $584K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 97385 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 97385 among OR's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 97385 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 97385 is an operator game, not a passive one. In practical terms, entry prices of $584K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Sublimity:
Property Strategy for 97385
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $542,020 | $2,330 | 3.1% | +6.4% | $180,673 |
| 4BR | $615,351 | $2,520 | 2.9% | +6.2% | $153,838 |
Market Trends
Home Value History (with trend line)
📊 How Does 97385 Compare?
| Metric | 97385 | Sublimity | Salem, OR | Oregon |
|---|---|---|---|---|
| Home Value | $584,079 | $584,079 | N/A | $493,884 |
| 5-Year CAGR | 3.7% | 3.7% | N/A | 4.9% |
| Avg Rent | $1,512 | $1,512 | N/A | - |
| Cap Rate | 2.0% | 2.0% | - | - |
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 97385 (Sublimity, 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 | $584,079 |
| Monthly Rent | $1,512 |
| Price-to-Rent | 32.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 97385
Population: 3,876
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 97385
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 2,140 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Sublimity, OR?
Typical homes in Sublimity, OR go for around $584K. The 5-year CAGR of 0.0% reliable price movement.
How much rent can I charge in Sublimity, OR?
Sublimity, OR rentals go for roughly $1,512/mo a month. That puts gross yield in solid territory relative to $584K acquisition costs.
How tight is the rental market in Sublimity, OR?
Sublimity, OR carries elevated vacancy risk. Expect consistent absorption at market rents of $1,512/mo.
Are eviction rules reasonable in Sublimity, OR?
Sublimity, OR falls under OR landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How strong is the working-renter base in Sublimity, OR?
Tenant demand in Sublimity, OR is solid. The local workforce $1,512/mo rents across most rental classes.
You know 97385 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97385 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 97385 ranks in Salem, OR
Every ZIP in this metro, ranked. Free.
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