Real Estate Investing in Myrtle Creek, Oregon (97457)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97457 (Myrtle Creek, 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 vacancy: 8.5% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Myrtle Creek, OR (97457)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97457 Myrtle Creek
The 97457 ZIP covers a section of Myrtle Creek that demands careful diligence. Prices near $300K look accessible, but the work to make a deal cash flow is real.
Rent of $1,089/mo on a $300K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 97457 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Myrtle Creek have seen price recovery that 97457 has not matched. Douglas County data supports the view that the spread is structural rather than temporary.
A sturdy renter share of 29% in 97457 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. significant returns are possible in 97457, 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 Myrtle Creek:
Property Strategy for 97457
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $239,009 | $1,210 | 3.6% | +7.3% | $119,505 |
| 3BR | $307,864 | $1,680 | 3.9% | +7.2% | $102,621 |
| 4BR | $366,568 | $2,030 | 4.0% | +6.9% | $91,642 |
Market Trends
Home Value History (with trend line)
📊 How Does 97457 Compare?
| Metric | 97457 | Myrtle Creek | Roseburg, OR | Oregon |
|---|---|---|---|---|
| Home Value | $299,850 | $299,850 | N/A | $493,884 |
| 5-Year CAGR | 4.1% | 4.1% | N/A | 4.9% |
| Avg Rent | $1,089 | $1,089 | 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 97457 (Myrtle Creek, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $299,850 |
| Monthly Rent | $1,089 |
| Price-to-Rent | 23.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (2.8%). 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 97457
Population: 10,158
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 97457
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
What is the median home value in Myrtle Creek, OR?
Typical homes in Myrtle Creek, OR go for around $300K. The 5-year CAGR of 0.0% reliable price movement.
What are rental rates like in Myrtle Creek, OR?
Rental rates in Myrtle Creek, OR average $1,089/mo. Tenant demand and $300K home values make the yield look reasonable by investor standards.
What type of investing works in Myrtle Creek, OR?
A careful cash-flow rentals with hands-on management strategy Myrtle Creek, OR best. The market produces consistent results for that approach at the $300K price point.
What is it like being a landlord in Myrtle Creek, OR?
OR law landlord-friendly for landlords, and Myrtle Creek inherits those rules. Investors should still review local ordinances for rental licensing.
Are tenants stable in Myrtle Creek, OR?
Working renters make up the core of the Myrtle Creek, OR tenant base. The pool is reasonable for investors targeting long-term holds.
You know 97457 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97457 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 97457 ranks in Roseburg, OR
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