Real Estate Investing in Toledo, Oregon (97391)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97391 (Toledo, 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.
- Higher unemployment: 8.0% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 26.0 — 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 Toledo, OR (97391)?
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Market Analysis: 97391 Toledo
The 97391 ZIP covers a section of Toledo that demands careful diligence. Prices near $371K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 97391 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Toledo have seen price recovery that 97391 has not matched. Lincoln County data supports the view that the spread is structural rather than temporary.
A notable renter share of 37% in 97391 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 97391 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 Toledo:
Property Strategy for 97391
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $287,051 | $1,320 | 3.3% | +7.4% | $143,526 |
| 3BR | $397,320 | $1,820 | 3.3% | +7.8% | $132,440 |
| 4BR | $465,268 | $2,210 | 3.4% | +8.5% | $116,317 |
Market Trends
Home Value History (with trend line)
📊 How Does 97391 Compare?
| Metric | 97391 | Toledo | Newport, OR | Oregon |
|---|---|---|---|---|
| Home Value | $370,966 | $370,966 | N/A | $493,884 |
| 5-Year CAGR | 3.7% | 3.7% | N/A | 4.9% |
| Avg Rent | $1,188 | $1,188 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97391 (Toledo, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $370,966 |
| Monthly Rent | $1,188 |
| Price-to-Rent | 26.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (2.5%). 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 97391
Population: 5,944
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 97391
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
What is the typical home price in Toledo, OR?
Median home price in Toledo, OR is near $371K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
What real estate strategy is ideal for Toledo, OR?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Toledo, OR. The numbers - $371K homes against $1,188/mo rents - support that play.
What are rental rates like in Toledo, OR?
Rents in Toledo, OR run near $1,188/mo. Compared with median home prices of $371K that produces solid gross yields for typical rentals.
Is Toledo, OR landlord-friendly?
The landlord environment in Toledo, OR is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How deep is the rental pool in Toledo, OR?
Working renters make up the core of the Toledo, OR tenant base. The pool is reasonable for investors targeting long-term holds.
You know 97391 now. You don’t know where it ranks.
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