Real Estate Investing in La Pine, Oregon (97739)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97739 (La Pine, OR)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 16.1% of homes vacant — above national norms.
What’s happening in La Pine, OR (97739)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97739 La Pine
ZIP 97739 inside Deschutes County looks affordable on the surface — median value of $407K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 97739 can be a worth a close look for hunting ground — but the discount at $407K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 97739 among OR's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 97739 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 97739 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 La Pine:
Property Strategy for 97739
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $281,406 | $1,190 | 3.0% | +8.0% | $281,406 |
| 2BR | $356,765 | $1,510 | 3.0% | +7.5% | $178,383 |
| 3BR | $452,472 | $2,110 | 3.4% | +7.4% | $150,824 |
| 4BR | $531,837 | $2,520 | 3.4% | +7.1% | $132,959 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97739 Compare?
| Metric | 97739 | La Pine | Bend, OR | Oregon |
|---|---|---|---|---|
| Home Value | $407,008 | $344,692 | N/A | $493,884 |
| 5-Year CAGR | 2.7% | 3.7% | N/A | 4.9% |
| Avg Rent | $2,008 | $1,607 | N/A | - |
| Cap Rate | 3.9% | 3.6% | - | - |
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 97739 (La Pine, OR). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 97739 (La Pine, OR)?
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Property managers serving Deschutes County
Manage rentals here? List your business →Elevation Property Management. summary from their website
Housing Works fosters dignity through housing and provides resources for finding rental and emergency housing, including new rental communities. summary from their website
High Desert Property Management. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $407,008 |
| Monthly Rent | $2,008 |
| Price-to-Rent | 16.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +0.1% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (3.9%). 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 97739
Population: 13,178
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 97739
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
Where do home prices stand in La Pine, OR?
La Pine, OR home values average about $407K. That price point suits investors targeting rentals with $2,008/mo in monthly income.
How strong are rents in La Pine, OR?
Investors in La Pine, OR typically see rents near $2,008/mo per month against $407K home values - a solid setup for rental cash flow.
Are tenants stable in La Pine, OR?
Working renters make up the core of the La Pine, OR tenant base. The pool is reasonable for investors targeting long-term holds.
What does house hacking look like in La Pine, OR?
The a challenging house-hack environment in La Pine, OR reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is La Pine, OR good for landlords?
La Pine, OR falls under OR landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 97739 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97739 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 97739 ranks in Bend, OR
Every ZIP in this metro, ranked. Free.
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