Real Estate Investing in North Bend, Oregon (97449)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97449 (North Bend, 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.
- High vacancy: 35.9% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in North Bend, OR (97449)?
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Market Analysis: 97449 North Bend
The 97449 ZIP covers a section of North Bend that demands careful diligence. Prices near $321K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 97449 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 97449 among OR's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 97449 includes headwinds that any investor should price in. Income distribution skews lower than North Bend averages, and tenant stability requires active management.
The 97449 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in North Bend:
Property Strategy for 97449
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $286,935 | $1,680 | 4.2% | +7.1% | $143,468 |
| 3BR | $361,044 | $2,340 | 4.7% | +7.1% | $120,348 |
Market Trends
Home Value History (with trend line)
📊 How Does 97449 Compare?
| Metric | 97449 | North Bend | Coos Bay, OR | Oregon |
|---|---|---|---|---|
| Home Value | $321,049 | $342,794 | N/A | $493,884 |
| 5-Year CAGR | 3.7% | 3.6% | N/A | 4.9% |
| Avg Rent | $1,512 | $1,523 | N/A | - |
| Cap Rate | 3.7% | 3.5% | - | - |
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 97449 (North Bend, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $321,049 |
| Monthly Rent | $1,512 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (3.7%). 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 97449
Population: 2,200
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How do home values compare in North Bend, OR?
Typical homes in North Bend, OR go for around $321K. The 5-year CAGR of 0.0% even-keeled price movement.
Does house hacking work in North Bend, OR?
North Bend, OR offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,512/mo rent level.
How should investors approach North Bend, OR?
North Bend, OR investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($321K prices, $1,512/mo rents) make it a reasonable choice.
Does North Bend, OR favor landlords or tenants?
The landlord environment in North Bend, OR is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Are tenants stable in North Bend, OR?
Tenant quality in North Bend, OR ranks as solid. Landlords generally report consistent occupancy at market rents of $1,512/mo.
You know 97449 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97449 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 97449 ranks in Coos Bay, OR
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