Real Estate Investing in Powell Butte, Oregon (97753)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97753 (Powell Butte, OR)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 13.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 61.4 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Powell Butte, OR (97753)?
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Market Analysis: 97753 Powell Butte
ZIP 97753 inside Crook County looks affordable on the surface — median value of $1.0M — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,404/mo on a $1.0M basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 97753 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Powell Butte have seen price recovery that 97753 has not matched. Crook County data supports the view that the spread is structural rather than temporary.
A significant renter share of 19% in 97753 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 97753 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 Powell Butte:
Property Strategy for 97753
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $664,867 | $1,560 | 1.7% | +5.9% | $332,433 |
| 3BR | $1,001,815 | $2,170 | 1.6% | +8.1% | $333,938 |
| 4BR | $1,202,159 | $2,620 | 1.6% | +8.3% | $300,540 |
Market Trends
Home Value History (with trend line)
📊 How Does 97753 Compare?
| Metric | 97753 | Powell Butte | Prineville, OR | Oregon |
|---|---|---|---|---|
| Home Value | $1,034,420 | $1,034,420 | N/A | $493,884 |
| 5-Year CAGR | 3.8% | 3.8% | N/A | 4.9% |
| Avg Rent | $1,404 | $1,404 | N/A | - |
| Cap Rate | 1.1% | 1.1% | - | - |
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 97753 (Powell Butte, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,034,420 |
| Monthly Rent | $1,404 |
| Price-to-Rent | 61.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.6% |
| Cap Rate | 1.1% |
| 5-Year IRR | 4.8% |
📈 Home Appreciation
| 1-Year | -0.3% ▼ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (1.1%). 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 97753
Population: 3,041
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 97753
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 Powell Butte, OR?
Powell Butte, OR home values average about $1.0M. That price point suits investors targeting rentals with $1,404/mo in monthly income.
Do landlords face vacancy issues in Powell Butte, OR?
Rental vacancy in Powell Butte, OR is elevated. Investors should budget normal turnover but not chronic empty units.
What real estate strategy is ideal for Powell Butte, OR?
Powell Butte, OR investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($1.0M prices, $1,404/mo rents) make it a reasonable choice.
How do landlord-tenant laws work in Powell Butte, OR?
OR ranks as a landlord-friendly state for landlord-tenant law. Powell Butte generally follows the statewide framework, so landlords face reasonable operating rules.
Is the tenant base reliable in Powell Butte, OR?
Tenant demand in Powell Butte, OR is solid. The local workforce $1,404/mo rents across most rental classes.
You know 97753 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97753 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.
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