Real Estate Investing in Burns, Oregon (97720)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97720 (Burns, 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: 15.3% 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 Burns, OR (97720)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97720 Burns
Looking more closely, ZIP 97720 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $193K median. It rewards specialists, not generalists.
For an experienced owner, 97720 can be a a strong candidate for hunting ground — but the discount at $193K reflects genuine risk that outside investors often underestimate.
Regionally, 97720 sits on the difficult end of the OR spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 97720 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.
Experienced landlords with local relationships tend to find 97720 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Burns:
Property Strategy for 97720
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $126,196 | $1,020 | 5.8% | +9.4% | $63,098 |
| 3BR | $209,931 | $1,420 | 4.9% | +9.5% | $69,977 |
| 4BR | $262,094 | $1,710 | 4.7% | +8.9% | $65,523 |
Market Trends
Home Value History (with trend line)
📊 How Does 97720 Compare?
| Metric | 97720 | Burns | Oregon |
|---|---|---|---|
| Home Value | $193,045 | $193,045 | $493,884 |
| 5-Year CAGR | 6.1% | 6.1% | 4.9% |
| Avg Rent | $918 | $918 | - |
| Cap Rate | 3.7% | 3.7% | - |
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 97720 (Burns, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $193,045 |
| Monthly Rent | $918 |
| Price-to-Rent | 17.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +9.7% ▲ |
🏠 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 (3.7%). 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 97720
Population: 4,456
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 97720
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
Is Burns, OR a good market for buy-and-hold investors?
Investors tracking Burns, OR will find a 3.0/5 rating supported by $193K median home values and $918/mo rents. That profile suits long-term holders targeting reliable returns.
What type of investing works in Burns, OR?
A careful cash-flow rentals with hands-on management strategy Burns, OR best. The market produces measured results for that approach at the $193K price point.
Where do rents currently stand in Burns, OR?
The typical rental in Burns, OR commands about $918/mo monthly. That rent profile measured cash flow against the $193K purchase basis.
How much does a house cost in Burns, OR?
Homes in Burns, OR typically sell near $193K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
What is the typical vacancy rate in Burns, OR?
Occupancy in Burns, OR runs consistent with elevated vacancy. Well-priced units at $918/mo lease on reasonable timelines.
You know 97720 now. You don’t know where it ranks.
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