Real Estate Investing in Winston, Oregon (97432)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97432 (Winston, 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.
- Elevated poverty: 100.0% poverty rate — can affect rent collection.
- Higher unemployment: 26.9% unemployment — tenant risk signal.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Winston, OR (97432)?
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Market Analysis: 97432 Winston
ZIP 97432 in Winston, OR carries a healthy set of headwinds. Home values near $225K and rents of $1,143/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 97432 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 97432's metrics run below Douglas County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 97432 ZIP's population of 314 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
The right play in 97432 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 Winston:
Market Trends
Home Value History (with trend line)
📊 How Does 97432 Compare?
| Metric | 97432 | Winston | Roseburg, OR | Oregon |
|---|---|---|---|---|
| Home Value | $224,929 | $273,356 | N/A | $493,884 |
| 5-Year CAGR | 5.9% | 5.0% | N/A | 4.9% |
| Avg Rent | $1,143 | $1,143 | N/A | - |
| Cap Rate | 4.0% | 3.4% | - | - |
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 97432 (Winston, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $224,929 |
| Monthly Rent | $1,143 |
| Price-to-Rent | 16.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +10.0% ▲ |
🏠 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 (4.0%). 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 97432
Population: 314
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 97432
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
Investor Insight: With 833 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of tenants rent in Winston, OR?
Tenant demand in Winston, OR is solid. The local workforce $1,143/mo rents across most rental classes.
Is Winston, OR a good market for FHA house hackers?
House hacking in Winston, OR is a challenging. With home values around $225K and rents at $1,143/mo, owner-occupants can offset a meaningful share of PITI.
Are homes affordable in Winston, OR?
Expect median prices around $225K in Winston, OR. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
What is the average monthly rent in Winston, OR?
Investors in Winston, OR typically see rents near $1,143/mo per month against $225K home values - a solid setup for rental cash flow.
How landlord-friendly is Winston, OR?
OR ranks as a landlord-friendly state for landlord-tenant law. Winston generally follows the statewide framework, so landlords face reasonable operating rules.
You know 97432 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97432 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 97432 ranks in Roseburg, OR
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