Real Estate Investing in Turner, Oregon (97392)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97392 (Turner, 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 39.1 — 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 Turner, OR (97392)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97392 Turner
ZIP 97392 in Turner, OR carries a significant set of headwinds. Home values near $587K and rents of $1,251/mo sit inside a market where underwriting has to be tight.
Looking more closely, the numbers look inviting — $587K purchase price, 0.0% nominal cap — the work to hit that pro forma in 97392 is substantial and deserves full respect.
The gap between 97392 and stronger Turner ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 97392 ZIP's population of 6,999 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Distressed ZIPs reward experience. sturdy returns are possible in 97392, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Turner:
Property Strategy for 97392
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $561,786 | $1,940 | 2.5% | +6.6% | $187,262 |
| 4BR | $662,589 | $2,110 | 2.3% | +6.3% | $165,647 |
Market Trends
Home Value History (with trend line)
📊 How Does 97392 Compare?
| Metric | 97392 | Turner | Salem, OR | Oregon |
|---|---|---|---|---|
| Home Value | $587,310 | $587,310 | N/A | $493,884 |
| 5-Year CAGR | 3.8% | 3.8% | N/A | 4.9% |
| Avg Rent | $1,251 | $1,251 | N/A | - |
| Cap Rate | 1.7% | 1.7% | - | - |
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 97392 (Turner, OR). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 97392 (Turner, OR)?
~25 seconds · no account needed · your report is anonymous
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 | $587,310 |
| Monthly Rent | $1,251 |
| Price-to-Rent | 39.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 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 (1.7%). 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 97392
Population: 6,999
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 97392
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 typical vacancy rate in Turner, OR?
Turner, OR vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Where do home prices stand in Turner, OR?
Turner, OR home values average about $587K. That price point suits investors targeting rentals with $1,251/mo in monthly income.
Where do rents currently stand in Turner, OR?
The typical rental in Turner, OR commands about $1,251/mo monthly. That rent profile measured cash flow against the $587K purchase basis.
Is house hacking profitable in Turner, OR?
House hacking in Turner, OR is reasonable to execute. Prices around $587K and rents of $1,251/mo solid owner-occupant economics.
Does Turner, OR make sense for an investment property?
With a 2.0/5 investability score, Turner, OR ranks as a solid market for rental property investors. Median prices of $587K and rents of $1,251/mo drive the underlying numbers.
You know 97392 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97392 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 97392 ranks in Salem, OR
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 97392 (Turner)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 97392 (Turner, OR).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.