Real Estate Investing in Keno, Oregon (97627)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97627 (Keno, OR)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 23.4% of homes vacant — above national norms.
- Elevated poverty: 30.4% poverty rate — can affect rent collection.
- High price-to-rent: Price-to-rent ratio 28.6 — 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 Keno, OR (97627)?
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Market Analysis: 97627 Keno
Not every below-median market is a bargain. Keno's 97627 ZIP sits at signals that favor experienced operators who can absorb the risk $355K pricing implies.
The investment case in 97627 is solid only for operators who understand what they are buying. A $355K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader OR picture, 97627 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 97627 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Keno:
Market Trends
Home Value History (with trend line)
📊 How Does 97627 Compare?
| Metric | 97627 | Keno | Klamath Falls, OR | Oregon |
|---|---|---|---|---|
| Home Value | $354,827 | $354,827 | N/A | $493,884 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 4.9% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97627 (Keno, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $354,827 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 28.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +0.0% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (2.3%). 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 97627
Population: 445
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 97627
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
How much rent can I charge in Keno, OR?
Rental rates in Keno, OR average $1,035/mo. Tenant demand and $355K home values make the yield look reasonable by investor standards.
How strict are landlord regulations in Keno, OR?
For rental operators, Keno, OR rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is Keno in OR worth investing in?
Keno, OR rates 3.0/5 for investability. With median values at $355K and rents near $1,035/mo, the market offers reasonable fundamentals for rental investors.
Which real estate strategy fits Keno, OR?
Keno, OR investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($355K prices, $1,035/mo rents) make it a reasonable choice.
Is it easy to find good tenants in Keno, OR?
Keno, OR offers a even-keeled renter base at the $1,035/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 97627 now. You don’t know where it ranks.
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How 97627 ranks in Klamath Falls, OR
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