Real Estate Investing in Grants Pass, Oregon (97526)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97526 (Grants Pass, OR)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Flat appreciation: Values have barely moved over 5 years (1.4% CAGR).
What’s happening in Grants Pass, OR (97526)?
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Market Analysis: 97526 Grants Pass
The 97526 ZIP covers a section of Grants Pass that demands careful diligence. Prices near $390K look accessible, but the work to make a deal cash flow is real.
Turning to rents, the numbers look inviting — $390K purchase price, 0.0% nominal cap — the work to hit that pro forma in 97526 is substantial and deserves full respect.
In the broader OR picture, 97526 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 97526 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.
Experienced landlords with local relationships tend to find 97526 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Grants Pass:
Property Strategy for 97526
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $233,855 | $1,030 | 3.2% | +4.3% | $233,855 |
| 2BR | $295,746 | $1,320 | 3.2% | +5.3% | $147,873 |
| 3BR | $403,313 | $1,840 | 3.3% | +5.1% | $134,438 |
| 4BR | $498,850 | $2,170 | 3.1% | +5.3% | $124,713 |
| 5BR | $572,323 | — | — | +5.4% | $114,465 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97526 Compare?
| Metric | 97526 | Grants Pass | Grants Pass, OR | Oregon |
|---|---|---|---|---|
| Home Value | $389,839 | $284,103 | N/A | $493,884 |
| 5-Year CAGR | 1.4% | 1.0% | N/A | 4.9% |
| Avg Rent | $1,517 | $1,403 | N/A | - |
| Cap Rate | 3.0% | 2.6% | - | - |
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 97526 (Grants Pass, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $389,839 |
| Monthly Rent | $1,517 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 4.4% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +1.4% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | -5.1% ▼ |
| 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 97526
Population: 36,109
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 97526
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 1,838 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong are rents in Grants Pass, OR?
The typical rental in Grants Pass, OR commands about $1,517/mo monthly. That rent profile reliable cash flow against the $390K purchase basis.
What is the renter demographic in Grants Pass, OR?
Tenant quality in Grants Pass, OR ranks as solid. Landlords generally report consistent occupancy at market rents of $1,517/mo.
Is Grants Pass, OR a smart market for rental property?
The 2.0/5 investability rating in Grants Pass, OR reflects its $390K prices and $1,517/mo rents. Investors generally consider it a solid option within OR.
Which investment style suits Grants Pass, OR?
A careful cash-flow rentals with hands-on management strategy Grants Pass, OR best. The market produces even-keeled results for that approach at the $390K price point.
Are landlord laws favorable in Grants Pass, OR?
Grants Pass, OR operates under OR law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
You know 97526 now. You don’t know where it ranks.
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How 97526 ranks in Grants Pass, OR
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