Real Estate Investing in Bonanza, Oregon (97639)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97639 (Bonanza, 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: 85.8% of homes vacant — above national norms.
• 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 Bonanza, OR (97639)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97639 Bonanza
Investors eyeing 97639 need to respect the fundamentals at play. Home values of $242K come alongside slower price movement and elevated management overhead.
The investment case in 97639 is healthy only for operators who understand what they are buying. A $242K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader OR picture, 97639 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 97639 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 97639 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Bonanza:
Market Trends
Home Value History (with trend line)
📊 How Does 97639 Compare?
| Metric | 97639 | Bonanza | Klamath Falls, OR | Oregon |
|---|---|---|---|---|
| Home Value | $241,987 | $276,339 | N/A | $493,884 |
| 5-Year CAGR | N/A | 4.1% | N/A | 4.9% |
| Avg Rent | $1,107 | $1,058 | N/A | - |
| Cap Rate | 3.6% | 3.1% | - | - |
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 97639 (Bonanza, OR). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 97639 (Bonanza, OR)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $241,987 |
| Monthly Rent | $1,107 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 4.2% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 97639
Population: 9
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
What is the average home sale price in Bonanza, OR?
Expect median prices around $242K in Bonanza, OR. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
Does Bonanza, OR favor landlords or tenants?
Rental owners in Bonanza, OR deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is Bonanza, OR a smart market for rental property?
The 2.0/5 investability rating in Bonanza, OR reflects its $242K prices and $1,107/mo rents. Investors generally consider it a solid option within OR.
Can owner-occupants cash flow in Bonanza, OR?
Bonanza, OR is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $242K price point reasonable to enter.
How strong is tenant demand in Bonanza, OR?
Bonanza, OR draws a stable base of working renters. Demand at the $1,107/mo rent level is reasonable for standard single-family and small multi rentals.
You know 97639 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97639 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 97639 ranks in Klamath Falls, OR
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 97639 (Bonanza)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 97639 (Bonanza, OR).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.