Real Estate Investing in Malin, Oregon (97632)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97632 (Malin, 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: 18.5% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Malin, OR (97632)?
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Market Analysis: 97632 Malin
This part of Klamath County is not an easy win. The 97632 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 97632 is resilient only for operators who understand what they are buying. A $285K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 97632 sits on the difficult end of the OR spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 97632 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.
The right play in 97632 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Malin:
Property Strategy for 97632
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $182,265 | $1,120 | 4.4% | +10.1% | $91,133 |
| 3BR | $286,226 | $1,540 | 3.9% | +9.2% | $95,409 |
Market Trends
Home Value History (with trend line)
📊 How Does 97632 Compare?
| Metric | 97632 | Malin | Klamath Falls, OR | Oregon |
|---|---|---|---|---|
| Home Value | $285,425 | $285,425 | N/A | $493,884 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 4.9% |
| Avg Rent | $1,008 | $1,008 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97632 (Malin, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $285,425 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 23.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.8% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (2.8%). 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 97632
Population: 1,473
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 97632
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
What is the typical renter like in Malin, OR?
Malin, OR offers a measured renter base at the $1,008/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is rental property easy to operate in Malin, OR?
Landlord-friendliness in Malin, OR is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How much does a house cost in Malin, OR?
In Malin, OR the median home value sits at $285K. Against the broader OR market, that reads as reasonable for most investors.
What are vacancy rates like in Malin, OR?
Vacancy in Malin, OR is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,008/mo.
How much is rent in Malin, OR?
Malin, OR rentals go for roughly $1,008/mo a month. That puts gross yield in solid territory relative to $285K acquisition costs.
You know 97632 now. You don’t know where it ranks.
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How 97632 ranks in Klamath Falls, OR
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