Real Estate Investing in Eugene, Oregon (97403)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97403 (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 29.0 — hard to cash-flow at these prices.
What’s happening in Eugene, OR (97403)?
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Market Analysis: 97403 Eugene
ZIP 97403 in Eugene, OR carries a resilient set of headwinds. Home values near $617K and rents of $1,772/mo sit inside a market where underwriting has to be tight.
Stepping back, the numbers look inviting — $617K purchase price, 0.0% nominal cap — the work to hit that pro forma in 97403 is substantial and deserves full respect.
ZIP 97403's metrics run below Lane County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 97403 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 97403 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 Eugene:
Property Strategy for 97403
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $419,081 | $1,810 | 3.1% | +5.3% | $209,541 |
| 3BR | $585,428 | $2,520 | 3.1% | +5.9% | $195,143 |
| 4BR | $688,895 | $3,040 | 3.2% | +6.1% | $172,224 |
| 5BR | $749,087 | — | — | +6.0% | $149,817 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97403 Compare?
| Metric | 97403 | Eugene | Eugene-Springfield, OR | Oregon |
|---|---|---|---|---|
| Home Value | $617,045 | $525,874 | N/A | $493,884 |
| 5-Year CAGR | 3.4% | 3.1% | N/A | 4.9% |
| Avg Rent | $1,772 | $1,886 | N/A | - |
| Cap Rate | 2.2% | 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 97403 (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 | $617,045 |
| Monthly Rent | $1,772 |
| Price-to-Rent | 29.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.2% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | -9.5% ▼ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.2%). 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 97403
Population: 14,508
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 97403
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Holt Elementary School
Willagillespie Elementary School
Guy Lee Elementary School
Buena Vista Elementary School
Cal Young Middle School
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
How high is vacancy risk in Eugene, OR?
Eugene, OR vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is OR a landlord-friendly state?
For rental operators, Eugene, OR rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How viable is house hacking in Eugene, OR?
House hacking works a challenging in Eugene, OR. Rents of $1,772/mo against $617K acquisition make the strategy solid for owner-occupants.
What monthly rent should investors expect in Eugene, OR?
Expect rents around $1,772/mo per month in Eugene, OR. With home values at $617K, the yield math works out to reasonable levels for rental investors.
What is the median home value in Eugene, OR?
Median home price in Eugene, OR is near $617K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
You know 97403 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97403 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 97403 ranks in Eugene-Springfield, OR
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