Real Estate Investing in Tangent, Oregon (97389)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97389 (Tangent, OR)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Tangent, OR (97389)?
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Market Analysis: 97389 Tangent
ZIP 97389 in Tangent, OR carries a substantial set of headwinds. Home values near $470K and rents of $1,908/mo sit inside a market where underwriting has to be tight.
The 97389 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 97389 among OR's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 97389 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Tangent's stable or hybrid ZIPs before stepping into 97389. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Tangent:
Market Trends
Home Value History (with trend line)
📊 How Does 97389 Compare?
| Metric | 97389 | Tangent | Albany-Lebanon, OR | Oregon |
|---|---|---|---|---|
| Home Value | $470,237 | $470,237 | N/A | $493,884 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 4.9% |
| Avg Rent | $1,908 | $1,908 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 97389 (Tangent, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $470,237 |
| Monthly Rent | $1,908 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 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 (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 97389
Population: 1,706
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 97389
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 3,101 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How landlord-friendly is Tangent, OR?
OR ranks as a landlord-friendly state for landlord-tenant law. Tangent generally follows the statewide framework, so landlords face reasonable operating rules.
What is the typical renter like in Tangent, OR?
Tenant demand in Tangent, OR is solid. The local workforce $1,908/mo rents across most rental classes.
What is the typical rental rate in Tangent, OR?
Expect rents around $1,908/mo per month in Tangent, OR. With home values at $470K, the yield math works out to reasonable levels for rental investors.
Does a duplex house hack pencil in Tangent, OR?
House hacking in Tangent, OR is reasonable to execute. Prices around $470K and rents of $1,908/mo solid owner-occupant economics.
What approach is best for Tangent, OR real estate?
Tangent, OR investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($470K prices, $1,908/mo rents) make it a reasonable choice.
You know 97389 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97389 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 97389 ranks in Albany-Lebanon, OR
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