Real Estate Investing in Walterville, Oregon (97488)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97488 (Walterville, OR)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 16.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 34.3 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Walterville, OR (97488)?
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Market Analysis: 97488 Walterville
The 97488 ZIP in Walterville, OR is a local-operator market. Outside capital chasing a $567K entry has to pair deep knowledge with the discount.
For an experienced owner, 97488 can be a a viable market for hunting ground — but the discount at $567K reflects genuine risk that outside investors often underestimate.
Regionally, 97488 sits on the difficult end of the OR spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 97488 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 97488 is an operator game, not a passive one. From an investor standpoint, entry prices of $567K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Walterville:
Property Strategy for 97488
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $492,043 | $1,530 | 2.2% | +5.2% | $246,022 |
| 3BR | $579,731 | $2,150 | 2.7% | +5.4% | $193,244 |
Market Trends
Home Value History (with trend line)
📊 How Does 97488 Compare?
| Metric | 97488 | Walterville | Eugene-Springfield, OR | Oregon |
|---|---|---|---|---|
| Home Value | $566,640 | $586,015 | N/A | $493,884 |
| 5-Year CAGR | 2.2% | 2.7% | N/A | 4.9% |
| Avg Rent | $1,377 | $1,463 | N/A | - |
| Cap Rate | 1.9% | 1.9% | - | - |
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 97488 (Walterville, 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 | $566,640 |
| Monthly Rent | $1,377 |
| Price-to-Rent | 34.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 4.1% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +2.2% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 (1.9%). 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 97488
Population: 662
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 97488
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.
Frequently Asked Questions
What is the rental occupancy rate in Walterville, OR?
Walterville, OR vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What approach is best for Walterville, OR real estate?
The best-fit strategy in Walterville, OR is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is it easy to find good tenants in Walterville, OR?
Tenant demand in Walterville, OR is solid. The local workforce $1,377/mo rents across most rental classes.
Is house hacking profitable in Walterville, OR?
House hacking in Walterville, OR is reasonable to execute. Prices around $567K and rents of $1,377/mo solid owner-occupant economics.
Is Walterville, OR a good place for real estate investing?
Walterville, OR records an investability rating of 2.0/5, with median home values near $567K and average rents around $1,377/mo. That combination puts it in the notable tier for investor interest.
You know 97488 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97488 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 97488 ranks in Eugene-Springfield, OR
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