Real Estate Investing in Walterville, Oregon (97489)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97489 (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: 12.2% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 32.6 — 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 (97489)?
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Market Analysis: 97489 Walterville
ZIP 97489 in Walterville, OR carries a solid set of headwinds. Home values near $605K and rents of $1,548/mo sit inside a market where underwriting has to be tight.
On the rental side, the numbers look inviting — $605K purchase price, 0.0% nominal cap — the work to hit that pro forma in 97489 is substantial and deserves full respect.
In practical terms, 97489 offers a low basis, the region around Walterville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 97489 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.
Strategically, 97489 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Walterville:
Market Trends
Home Value History (with trend line)
📊 How Does 97489 Compare?
| Metric | 97489 | Walterville | Eugene-Springfield, OR | Oregon |
|---|---|---|---|---|
| Home Value | $605,391 | $586,015 | N/A | $493,884 |
| 5-Year CAGR | 3.2% | 2.7% | N/A | 4.9% |
| Avg Rent | $1,548 | $1,463 | N/A | - |
| Cap Rate | 2.0% | 1.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
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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 | $605,391 |
| Monthly Rent | $1,548 |
| Price-to-Rent | 32.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 5.2% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (2.0%). 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 97489
Population: 896
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
Frequently Asked Questions
Is it easy to find good tenants in Walterville, OR?
Tenant demand in Walterville, OR is solid. The local workforce $1,548/mo rents across most rental classes.
How does Walterville, OR stack up for property investment?
Yes - Walterville, OR a 2.0/5 investability score. With $605K home prices against $1,548/mo monthly rent, the market delivers a reasonable entry point for new investors.
Are there empty rentals in Walterville, OR?
Vacancy in Walterville, OR is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,548/mo.
How do landlord-tenant laws work in Walterville, OR?
OR law landlord-friendly for landlords, and Walterville inherits those rules. Investors should still review local ordinances for rental licensing.
Which real estate strategy fits Walterville, OR?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Walterville, OR. The numbers - $605K homes against $1,548/mo rents - support that play.
You know 97489 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97489 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 97489 ranks in Eugene-Springfield, OR
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