Real Estate Investing in Cottage Grove, Oregon (97424)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97424 (Cottage Grove, 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.
No major risk flags on the data we track.
What’s happening in Cottage Grove, OR (97424)?
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Market Analysis: 97424 Cottage Grove
Investors eyeing 97424 need to respect the fundamentals at play. Home values of $405K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $405K asset, 97424 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 97424 and stronger Cottage Grove ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 97424 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 97424 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 Cottage Grove:
Property Strategy for 97424
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $279,590 | $1,130 | 2.9% | +4.8% | $279,590 |
| 2BR | $319,921 | $1,490 | 3.4% | +6.3% | $159,960 |
| 3BR | $395,295 | $2,070 | 3.8% | +6.2% | $131,765 |
| 4BR | $465,793 | $2,500 | 3.9% | +6.3% | $116,448 |
| 5BR | $516,859 | — | — | +6.2% | $103,372 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97424 Compare?
| Metric | 97424 | Cottage Grove | Eugene-Springfield, OR | Oregon |
|---|---|---|---|---|
| Home Value | $405,021 | $405,021 | N/A | $493,884 |
| 5-Year CAGR | 3.2% | 3.2% | N/A | 4.9% |
| Avg Rent | $1,445 | $1,445 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 97424 (Cottage Grove, 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 | $405,021 |
| Monthly Rent | $1,445 |
| Price-to-Rent | 23.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 6.0% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +3.2% ▲ |
| 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 (2.8%). 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 97424
Population: 18,881
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 97424
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
Should investors worry about vacancy in Cottage Grove, OR?
Vacancy in Cottage Grove, OR is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,445/mo.
How landlord-friendly is Cottage Grove, OR?
The landlord environment in Cottage Grove, OR is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is it easy to find good tenants in Cottage Grove, OR?
The renter base in Cottage Grove, OR is reasonable for the $1,445/mo price point. Screening well and pricing to market typically yields reliable tenants.
Can I live-in-and-rent in Cottage Grove, OR?
The house hack math a challenging in Cottage Grove, OR. Owner-occupant buyers benefit from the $1,445/mo rents and $405K home values.
What price range are homes in Cottage Grove, OR?
The median home value in Cottage Grove, OR is roughly $405K. That puts it reasonable relative to the OR statewide average.
You know 97424 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97424 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 97424 ranks in Eugene-Springfield, OR
Every ZIP in this metro, ranked. Free.
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