Real Estate Investing in Oakland, Oregon (97462)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97462 (Oakland, 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 price-to-rent: Price-to-rent ratio 28.6 — 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 Oakland, OR (97462)?
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Market Analysis: 97462 Oakland
ZIP 97462 in Oakland, OR carries a healthy set of headwinds. Home values near $411K and rents of $1,197/mo sit inside a market where underwriting has to be tight.
From an investor standpoint, the numbers look inviting — $411K purchase price, 0.0% nominal cap — the work to hit that pro forma in 97462 is substantial and deserves full respect.
Regionally, 97462 sits on the difficult end of the OR spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The 97462 ZIP's population of 4,027 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
The right play in 97462 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 Oakland:
Property Strategy for 97462
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $326,726 | $1,330 | 2.9% | +6.9% | $163,363 |
| 3BR | $435,844 | $1,850 | 3.1% | +7.7% | $145,281 |
Market Trends
Home Value History (with trend line)
📊 How Does 97462 Compare?
| Metric | 97462 | Oakland | Roseburg, OR | Oregon |
|---|---|---|---|---|
| Home Value | $411,200 | $411,200 | N/A | $493,884 |
| 5-Year CAGR | 4.6% | 4.6% | N/A | 4.9% |
| Avg Rent | $1,197 | $1,197 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
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 97462 (Oakland, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $411,200 |
| Monthly Rent | $1,197 |
| Price-to-Rent | 28.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 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 (2.3%). 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 97462
Population: 4,027
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 97462
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
Is vacancy a concern in Oakland, OR?
Oakland, OR vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How strong is the working-renter base in Oakland, OR?
Oakland, OR offers a measured renter base at the $1,197/mo rent level. Tenant turnover is reasonable for well-managed properties.
Does a duplex house hack pencil in Oakland, OR?
House hacking works a challenging in Oakland, OR. Rents of $1,197/mo against $411K acquisition make the strategy solid for owner-occupants.
How much rent can I charge in Oakland, OR?
Average rent in Oakland, OR is approximately $1,197/mo per month. Against $411K home values that yields a reasonable rent-to-price ratio.
How do home values compare in Oakland, OR?
The median home value in Oakland, OR is roughly $411K. That puts it reasonable relative to the OR statewide average.
You know 97462 now. You don’t know where it ranks.
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