Real Estate Investing in Midland, Oregon (97634)
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Should you buy in 97634 (Midland, OR)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• 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 Midland, OR (97634)?
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Market Analysis: 97634 Midland
Investors eyeing 97634 need to respect the fundamentals at play. Home values of $315K come alongside slower price movement and elevated management overhead.
For an experienced owner, 97634 can be a worth a close look for hunting ground — but the discount at $315K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Midland have seen price recovery that 97634 has not matched. Klamath County data supports the view that the spread is structural rather than temporary.
Who lives in 97634 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 97634 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Midland:
Market Trends
Home Value History (with trend line)
📊 How Does 97634 Compare?
| Metric | 97634 | Midland | Klamath Falls, OR | Oregon |
|---|---|---|---|---|
| Home Value | $314,505 | $314,505 | N/A | $493,884 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 4.9% |
| Avg Rent | $1,179 | $1,179 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97634 (Midland, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $314,505 |
| Monthly Rent | $1,179 |
| Price-to-Rent | 22.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (2.9%). 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 97634
Population: 370
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
🎓 Nearby Colleges & Universities
Investor Insight: With 1,398 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is housing expensive in Midland, OR?
Expect median prices around $315K in Midland, OR. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
How strong is the working-renter base in Midland, OR?
Midland, OR offers a stable renter base at the $1,179/mo rent level. Tenant turnover is reasonable for well-managed properties.
Are landlord laws favorable in Midland, OR?
For rental operators, Midland, OR rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is Midland, OR a good market for FHA house hackers?
House hacking in Midland, OR is a challenging. With home values around $315K and rents at $1,179/mo, owner-occupants can offset a meaningful share of PITI.
Which real estate strategy fits Midland, OR?
For Midland, OR, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 97634 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97634 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 97634 ranks in Klamath Falls, OR
Every ZIP in this metro, ranked. Free.
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