Real Estate Investing in Veneta, Oregon (97487)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97487 (Veneta, 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.
No major risk flags on the data we track.
What’s happening in Veneta, OR (97487)?
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Market Analysis: 97487 Veneta
ZIP 97487 in Veneta, OR carries a impressive set of headwinds. Home values near $444K and rents of $1,700/mo sit inside a market where underwriting has to be tight.
Rent of $1,700/mo on a $444K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 97487 sits below the stated 0.0% once reality is priced in.
The gap between 97487 and stronger Veneta ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 97487 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 97487 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 Veneta:
Property Strategy for 97487
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $388,893 | $1,750 | 3.2% | +5.9% | $194,447 |
| 3BR | $421,683 | $2,430 | 4.1% | +6.4% | $140,561 |
| 4BR | $523,748 | $2,940 | 4.0% | +6.6% | $130,937 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97487 Compare?
| Metric | 97487 | Veneta | Eugene-Springfield, OR | Oregon |
|---|---|---|---|---|
| Home Value | $443,690 | $443,690 | N/A | $493,884 |
| 5-Year CAGR | 3.2% | 3.2% | N/A | 4.9% |
| Avg Rent | $1,700 | $1,700 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 97487 (Veneta, 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 | $443,690 |
| Monthly Rent | $1,700 |
| Price-to-Rent | 21.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 6.1% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (3.0%). 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 97487
Population: 9,546
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 97487
Schools in This ZIP Code
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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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What kind of market is Veneta, OR for investors?
Veneta, OR scores 3.0/5 for investability. Home values sit at $444K and rents near $1,700/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How much is rent in Veneta, OR?
Average rent in Veneta, OR is approximately $1,700/mo per month. Against $444K home values that yields a reasonable rent-to-price ratio.
What approach is best for Veneta, OR real estate?
For Veneta, OR, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the rental occupancy rate in Veneta, OR?
Expect elevated vacancy in Veneta, OR. Rents at $1,700/mo are absorbed by the tenant base without meaningful lag.
How landlord-friendly is Veneta, OR?
OR law landlord-friendly for landlords, and Veneta inherits those rules. Investors should still review local ordinances for rental licensing.
You know 97487 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97487 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 97487 ranks in Eugene-Springfield, OR
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