Real Estate Investing in Bandon, Oregon (97411)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97411 (Bandon, OR)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 16.8% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 30.6 — 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 Bandon, OR (97411)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97411 Bandon
On balance, ZIP 97411 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $489K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 97411 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 97411 sits on the difficult end of the OR spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
A solid renter share of 28% in 97411 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 97411 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Bandon:
Property Strategy for 97411
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $363,965 | $1,150 | 2.3% | +5.3% | $363,965 |
| 2BR | $404,072 | $1,480 | 2.6% | +6.8% | $202,036 |
| 3BR | $514,978 | $2,060 | 2.9% | +7.8% | $171,659 |
| 4BR | $646,086 | $2,480 | 2.8% | +8.1% | $161,521 |
Market Trends
Home Value History (with trend line)
📊 How Does 97411 Compare?
| Metric | 97411 | Bandon | Coos Bay, OR | Oregon |
|---|---|---|---|---|
| Home Value | $489,176 | $489,176 | N/A | $493,884 |
| 5-Year CAGR | 3.4% | 3.4% | N/A | 4.9% |
| Avg Rent | $1,332 | $1,332 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
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 97411 (Bandon, OR). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 97411 (Bandon, OR)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $489,176 |
| Monthly Rent | $1,332 |
| Price-to-Rent | 30.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (2.1%). 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 97411
Population: 7,629
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 97411
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.
Frequently Asked Questions
What are rental rates like in Bandon, OR?
Investors in Bandon, OR typically see rents near $1,332/mo per month against $489K home values - a solid setup for rental cash flow.
What kind of tenants rent in Bandon, OR?
Working renters make up the core of the Bandon, OR tenant base. The pool is reasonable for investors targeting long-term holds.
How much does a house cost in Bandon, OR?
Expect median prices around $489K in Bandon, OR. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
Is rental property easy to operate in Bandon, OR?
Rental owners in Bandon, OR deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Which real estate strategy fits Bandon, OR?
Investors usually favor careful cash-flow rentals with hands-on management in Bandon, OR. With home values at $489K and rents near $1,332/mo, other strategies can work but produce steady rather than outsized returns.
You know 97411 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97411 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 97411 ranks in Coos Bay, OR
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 97411 (Bandon)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 97411 (Bandon, OR).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.