Real Estate Investing in Brookings, Oregon (97415)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97415 (Brookings, 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.
- Elevated vacancy: 10.6% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 31.0 — 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 Brookings, OR (97415)?
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Market Analysis: 97415 Brookings
Not every below-median market is a bargain. Brookings's 97415 ZIP posts signals that favor experienced operators who can absorb the risk $486K pricing implies.
Rent of $1,305/mo on a $486K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 97415 sits below the stated 0.0% once reality is priced in.
ZIP 97415's metrics run below Curry County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 97415 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 97415 is an operator game, not a passive one. Turning to rents, entry prices of $486K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Brookings:
Property Strategy for 97415
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $447,638 | $1,110 | 1.8% | +3.7% | $447,638 |
| 2BR | $444,482 | $1,450 | 2.3% | +5.6% | $222,241 |
| 3BR | $518,674 | $1,950 | 2.7% | +6.1% | $172,891 |
| 4BR | $669,612 | $2,180 | 2.3% | +6.2% | $167,403 |
Market Trends
Home Value History (with trend line)
📊 How Does 97415 Compare?
| Metric | 97415 | Brookings | Brookings, OR | Oregon |
|---|---|---|---|---|
| Home Value | $485,611 | $485,611 | N/A | $493,884 |
| 5-Year CAGR | 2.6% | 2.6% | N/A | 4.9% |
| Avg Rent | $1,305 | $1,305 | 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 97415 (Brookings, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $485,611 |
| Monthly Rent | $1,305 |
| Price-to-Rent | 31.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 4.7% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | 0.0% ▼ |
| 5-Year CAGR | +2.6% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (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 97415
Population: 14,271
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 97415
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
How does Brookings, OR stack up for property investment?
Brookings, OR stands at an investability rating of 3.0/5, with median home values near $486K and average rents around $1,305/mo. That combination puts it in the resilient tier for investor interest.
What price range are homes in Brookings, OR?
The median home value in Brookings, OR is roughly $486K. That puts it reasonable relative to the OR statewide average.
What is the average monthly rent in Brookings, OR?
Rent in Brookings, OR is around $1,305/mo. The resulting rent-to-value relationship with $486K pricing is reasonable for most investor models.
What investment strategy works best in Brookings, OR?
Most investors in Brookings, OR run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is Brookings, OR good for house hacking?
The house hack math a challenging in Brookings, OR. Owner-occupant buyers benefit from the $1,305/mo rents and $486K home values.
You know 97415 now. You don’t know where it ranks.
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How 97415 ranks in Brookings, OR
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