Real Estate Investing in Florence, Oregon (97439)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97439 (Florence, 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: 12.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.4 — 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 Florence, OR (97439)?
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Market Analysis: 97439 Florence
Not every below-median market is a bargain. Florence's 97439 ZIP reports signals that favor experienced operators who can absorb the risk $468K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $468K asset, 97439 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader OR picture, 97439 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Looking more closely, 15,643 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 97439 is an operator game, not a passive one. Stepping back, entry prices of $468K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Florence:
Property Strategy for 97439
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $299,401 | $1,200 | 2.9% | +7.3% | $299,401 |
| 2BR | $393,336 | $1,580 | 2.9% | +6.7% | $196,668 |
| 3BR | $489,902 | $2,200 | 3.2% | +6.9% | $163,301 |
| 4BR | $600,198 | $2,650 | 3.2% | +7.2% | $150,050 |
| 5BR | $657,366 | — | — | — | $131,473 |
Market Trends
Home Value History (with trend line)
📊 How Does 97439 Compare?
| Metric | 97439 | Florence | Oregon |
|---|---|---|---|
| Home Value | $467,872 | $467,872 | $493,884 |
| 5-Year CAGR | 3.5% | 3.5% | 4.9% |
| Avg Rent | $1,422 | $1,422 | - |
| Cap Rate | 2.4% | 2.4% | - |
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 97439 (Florence, 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 | $467,872 |
| Monthly Rent | $1,422 |
| Price-to-Rent | 27.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (2.4%). 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 97439
Population: 15,643
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 97439
Schools in This ZIP Code
About Repit School Scores
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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 price range are homes in Florence, OR?
The median home value in Florence, OR is roughly $468K. That puts it reasonable relative to the OR statewide average.
What strategy should investors use in Florence, OR?
A careful cash-flow rentals with hands-on management strategy Florence, OR best. The market produces steady results for that approach at the $468K price point.
What is the tenant pool like in Florence, OR?
The tenant pool in Florence, OR is solid, supported by local employment and population fundamentals. Rents of $1,422/mo are well-absorbed by the market.
How landlord-friendly is Florence, OR?
The landlord environment in Florence, OR is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How viable is house hacking in Florence, OR?
The house hack math a challenging in Florence, OR. Owner-occupant buyers benefit from the $1,422/mo rents and $468K home values.
You know 97439 now. You don’t know where it ranks.
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