Real Estate Investing in Eugene, Oregon (97401)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97401 (Eugene, 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 26.9 — hard to cash-flow at these prices.
What’s happening in Eugene, OR (97401)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97401 Eugene
ZIP 97401 in Eugene, OR carries a impressive set of headwinds. Home values near $522K and rents of $1,619/mo sit inside a market where underwriting has to be tight.
Meanwhile, the numbers look inviting — $522K purchase price, 0.0% nominal cap — the work to hit that pro forma in 97401 is substantial and deserves full respect.
In the broader OR picture, 97401 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 97401 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. robust returns are possible in 97401, 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 Eugene:
Property Strategy for 97401
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $289,751 | $1,390 | 3.5% | +4.0% | $289,751 |
| 2BR | $389,678 | $1,820 | 3.4% | +3.8% | $194,839 |
| 3BR | $503,329 | $2,530 | 3.6% | +5.9% | $167,776 |
| 4BR | $611,146 | $3,050 | 3.6% | +5.8% | $152,787 |
| 5BR | $675,618 | — | — | +5.6% | $135,124 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97401 Compare?
| Metric | 97401 | Eugene | Eugene-Springfield, OR | Oregon |
|---|---|---|---|---|
| Home Value | $521,967 | $525,874 | N/A | $493,884 |
| 5-Year CAGR | 3.0% | 3.1% | N/A | 4.9% |
| Avg Rent | $1,619 | $1,886 | N/A | - |
| Cap Rate | 2.4% | 2.9% | - | - |
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 97401 (Eugene, OR). Anonymous, moderated, never written by AI.
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Property managers serving Lane County
Manage rentals here? List your business →Preferred Northwest Property Management offers comprehensive property management services to make managing properties easy, effortless, and affordable. summary from their website
Trio Property Management Inc. provides property management services in Eugene, Springfield, Veneta, Coburg, Junction City, Creswell, and Elmira, helping owners protect rentals and increase returns. 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 | $521,967 |
| Monthly Rent | $1,619 |
| Price-to-Rent | 26.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +3.0% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | -6.3% ▼ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | +1.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.4%). 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 97401
Population: 48,186
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 97401
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 5,790 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 Eugene, OR?
Median home price in Eugene, OR is near $522K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
Are landlord laws favorable in Eugene, OR?
OR law landlord-friendly for landlords, and Eugene inherits those rules. Investors should still review local ordinances for rental licensing.
Is it easy to find good tenants in Eugene, OR?
Eugene, OR draws a even-keeled base of working renters. Demand at the $1,619/mo rent level is reasonable for standard single-family and small multi rentals.
How does Eugene, OR stack up for property investment?
Eugene, OR scores 3.0/5 for investability. Home values sit at $522K and rents near $1,619/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How should investors approach Eugene, OR?
The best-fit strategy in Eugene, OR is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 97401 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97401 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 97401 ranks in Eugene-Springfield, OR
Every ZIP in this metro, ranked. Free.
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