Real Estate Investing in Boardman, Oregon (97818)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97818 (Boardman, OR)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated poverty: 20.1% poverty rate — can affect rent collection.
What’s happening in Boardman, OR (97818)?
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Market Analysis: 97818 Boardman
ZIP 97818 in Boardman, OR carries a solid set of headwinds. Home values near $342K and rents of $2,036/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 97818 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In practical terms, 97818 offers a low basis, the region around Boardman has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 97818 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 97818 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Boardman:
Property Strategy for 97818
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $326,045 | $1,400 | 3.1% | +7.4% | $108,682 |
| 4BR | $369,513 | $1,690 | 3.3% | +6.2% | $92,378 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97818 Compare?
| Metric | 97818 | Boardman | Hermiston-Pendleton, OR | Oregon |
|---|---|---|---|---|
| Home Value | $341,560 | $341,560 | N/A | $493,884 |
| 5-Year CAGR | 3.2% | 3.2% | N/A | 4.9% |
| Avg Rent | $2,036 | $2,036 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
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 97818 (Boardman, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $341,560 |
| Monthly Rent | $2,036 |
| Price-to-Rent | 14.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +0.2% ▲ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (4.7%). 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 97818
Population: 5,402
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 97818
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
Should investors worry about vacancy in Boardman, OR?
Rental vacancy in Boardman, OR is elevated. Investors should budget normal turnover but not chronic empty units.
Are landlord laws favorable in Boardman, OR?
OR law landlord-friendly for landlords, and Boardman inherits those rules. Investors should still review local ordinances for rental licensing.
What is the investability score for Boardman, OR?
Boardman, OR scores 3.0/5 for investability. Home values sit at $342K and rents near $2,036/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Does house hacking make sense in Boardman, OR?
The house hack math a challenging in Boardman, OR. Owner-occupant buyers benefit from the $2,036/mo rents and $342K home values.
What is the average monthly rent in Boardman, OR?
Rental rates in Boardman, OR average $2,036/mo. Tenant demand and $342K home values make the yield look reasonable by investor standards.
You know 97818 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97818 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 97818 ranks in Hermiston-Pendleton, OR
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