Real Estate Investing in North Bend, Oregon (97459)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97459 (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.
- Elevated vacancy: 10.4% vacancy may signal weakening demand.
What’s happening in North Bend, OR (97459)?
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Market Analysis: 97459 North Bend
Investors eyeing 97459 need to respect the fundamentals at play. Home values of $365K come alongside slower price movement and elevated management overhead.
In practical terms, the numbers look inviting — $365K purchase price, 0.0% nominal cap — the work to hit that pro forma in 97459 is substantial and deserves full respect.
The gap between 97459 and stronger North Bend ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 97459 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 97459 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 North Bend:
Property Strategy for 97459
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $234,854 | $1,010 | 3.1% | +4.9% | $234,854 |
| 2BR | $279,322 | $1,300 | 3.4% | +6.4% | $139,661 |
| 3BR | $369,929 | $1,810 | 3.5% | +6.8% | $123,310 |
| 4BR | $435,314 | $2,180 | 3.6% | +6.7% | $108,829 |
| 5BR | $470,415 | — | — | +6.5% | $94,083 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97459 Compare?
| Metric | 97459 | North Bend | Oregon |
|---|---|---|---|
| Home Value | $364,538 | $342,794 | $493,884 |
| 5-Year CAGR | 3.5% | 3.6% | 4.9% |
| Avg Rent | $1,533 | $1,523 | - |
| Cap Rate | 3.3% | 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 97459 (North Bend, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $364,538 |
| Monthly Rent | $1,533 |
| Price-to-Rent | 19.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (3.3%). 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 97459
Population: 15,328
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 97459
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
Frequently Asked Questions
Where do home prices stand in North Bend, OR?
North Bend, OR home values average about $365K. That price point suits investors targeting rentals with $1,533/mo in monthly income.
Does North Bend, OR make sense for an investment property?
The 3.0/5 investability rating in North Bend, OR reflects its $365K prices and $1,533/mo rents. Investors generally consider it a solid option within OR.
What does house hacking look like in North Bend, OR?
The a challenging house-hack environment in North Bend, OR reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How do landlord-tenant laws work in North Bend, OR?
OR law landlord-friendly for landlords, and North Bend inherits those rules. Investors should still review local ordinances for rental licensing.
How deep is the rental pool in North Bend, OR?
Expect a solid tenant pool in North Bend, OR. The rental market absorbs $1,533/mo rents without meaningful friction.
You know 97459 now. You don’t know where it ranks.
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