Real Estate Investing in Bly, Oregon (97622)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97622 (Bly, 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: 43.4% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.1% CAGR).
- 1-year downturn: Values declined 3.1% in the last year.
- Lower household income: $32,647 median — tenant affordability is tighter.
• 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 Bly, OR (97622)?
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Market Analysis: 97622 Bly
ZIP 97622 in Bly, OR carries a substantial set of headwinds. Home values near $216K and rents of $1,008/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 97622 can be a an appealing option for hunting ground — but the discount at $216K reflects genuine risk that outside investors often underestimate.
The gap between 97622 and stronger Bly ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 97622 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 97622 is an operator game, not a passive one. Put differently, entry prices of $216K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Bly:
Market Trends
Home Value History (with trend line)
📊 How Does 97622 Compare?
| Metric | 97622 | Bly | Oregon |
|---|---|---|---|
| Home Value | $216,059 | $216,059 | $493,884 |
| 5-Year CAGR | 1.1% | 1.1% | 4.9% |
| Avg Rent | $1,008 | $1,008 | - |
| Cap Rate | 3.6% | 3.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97622 (Bly, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $216,059 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 4.8% |
📈 Home Appreciation
| 1-Year | -3.1% ▼ |
| 3-Year CAGR | -2.2% ▼ |
| 5-Year CAGR | +1.1% ▲ |
| 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 (3.6%). 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 97622
Population: 276
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 97622
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.
Frequently Asked Questions
Do rentals sit vacant long in Bly, OR?
Bly, OR vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What are rental rates like in Bly, OR?
Rents in Bly, OR run near $1,008/mo. Compared with median home prices of $216K that produces solid gross yields for typical rentals.
Is Bly, OR good for landlords?
Bly, OR operates under OR law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
What approach is best for Bly, OR real estate?
Bly, OR investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($216K prices, $1,008/mo rents) make it a reasonable choice.
Is Bly, OR a good place for real estate investing?
With a 2.0/5 investability score, Bly, OR ranks as a solid market for rental property investors. Median prices of $216K and rents of $1,008/mo drive the underlying numbers.
You know 97622 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97622 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.
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