Real Estate Investing in Fossil, Oregon (97830)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97830 (Fossil, 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.
- High vacancy: 29.0% of homes vacant — above national norms.
• 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 Fossil, OR (97830)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97830 Fossil
The 97830 ZIP covers a section of Fossil that demands careful diligence. Prices near $246K look accessible, but the work to make a deal cash flow is real.
The investment case in 97830 is substantial only for operators who understand what they are buying. A $246K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 97830's metrics run below Wheeler County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 97830 ZIP's population of 621 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Strategically, 97830 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 Fossil:
Market Trends
Home Value History (with trend line)
📊 How Does 97830 Compare?
| Metric | 97830 | Fossil | Oregon |
|---|---|---|---|
| Home Value | $246,154 | $246,154 | $493,884 |
| 5-Year CAGR | 7.3% | 7.3% | 4.9% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 2.8% | 2.8% | - |
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 97830 (Fossil, OR). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 97830 (Fossil, OR)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $246,154 |
| Monthly Rent | $873 |
| Price-to-Rent | 23.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +10.1% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 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 (2.8%). 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 97830
Population: 621
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 97830
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
How qualified is the tenant pool in Fossil, OR?
Expect a solid tenant pool in Fossil, OR. The rental market absorbs $873/mo rents without meaningful friction.
Does Fossil, OR favor landlords or tenants?
Fossil, OR operates under OR law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
How quickly do rentals get leased in Fossil, OR?
Vacancy risk in Fossil, OR is elevated. That supports reliable cash flow for typical rental holds.
What do landlords charge for rent in Fossil, OR?
Expect rents around $873/mo per month in Fossil, OR. With home values at $246K, the yield math works out to reasonable levels for rental investors.
Does house hacking work in Fossil, OR?
House hacking in Fossil, OR is reasonable to execute. Prices around $246K and rents of $873/mo solid owner-occupant economics.
You know 97830 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97830 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.
AI Market Advisor
Ask questions about investing in 97830 (Fossil)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 97830 (Fossil, OR).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.