Real Estate Investing in Coos Bay, Oregon (97420)
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Should you buy in 97420 (Coos Bay, OR)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Coos Bay, OR (97420)?
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Market Analysis: 97420 Coos Bay
The 97420 ZIP covers a section of Coos Bay that demands careful diligence. Prices near $330K look accessible, but the work to make a deal cash flow is real.
The 97420 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within OR, ZIP 97420 trails on several market indicators that neighboring Coos County submarkets outperform. The gap is real and healthy enough to shape underwriting.
The demographic picture in 97420 includes headwinds that any investor should price in. Income distribution skews lower than Coos Bay averages, and tenant stability requires active management.
Distressed ZIPs reward experience. significant returns are possible in 97420, 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 Coos Bay:
Property Strategy for 97420
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $215,360 | $940 | 3.1% | +5.4% | $215,360 |
| 2BR | $257,747 | $1,210 | 3.4% | +6.3% | $128,874 |
| 3BR | $344,183 | $1,680 | 3.5% | +6.3% | $114,728 |
| 4BR | $395,359 | $2,030 | 3.7% | +6.2% | $98,840 |
| 5BR | $431,515 | — | — | +6.4% | $86,303 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97420 Compare?
| Metric | 97420 | Coos Bay | Coos Bay, OR | Oregon |
|---|---|---|---|---|
| Home Value | $330,480 | $330,480 | N/A | $493,884 |
| 5-Year CAGR | 3.0% | 3.0% | N/A | 4.9% |
| Avg Rent | $1,603 | $1,603 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
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 97420 (Coos Bay, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $330,480 |
| Monthly Rent | $1,603 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | +3.0% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (3.8%). 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 97420
Population: 27,579
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 97420
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
Frequently Asked Questions
Are homes affordable in Coos Bay, OR?
Coos Bay, OR median home values land near $330K. That is reasonable territory for investors looking at $1,603/mo-per-month rentals.
What is the typical renter like in Coos Bay, OR?
Coos Bay, OR offers a predictable renter base at the $1,603/mo rent level. Tenant turnover is reasonable for well-managed properties.
What kind of market is Coos Bay, OR for investors?
Investors tracking Coos Bay, OR will find a 3.0/5 rating supported by $330K median home values and $1,603/mo rents. That profile suits long-term holders targeting steady returns.
Does a duplex house hack pencil in Coos Bay, OR?
For house hackers, Coos Bay, OR is a challenging. The $1,603/mo rent on a unit helps defray the mortgage on a $330K property.
What real estate strategy is ideal for Coos Bay, OR?
Coos Bay, OR investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($330K prices, $1,603/mo rents) make it a reasonable choice.
You know 97420 now. You don’t know where it ranks.
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How 97420 ranks in Coos Bay, OR
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