Real Estate Investing in North Powder, Oregon (97867)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97867 (North Powder, 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.
- Elevated vacancy: 9.3% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 26.7 — 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 North Powder, OR (97867)?
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Market Analysis: 97867 North Powder
This part of Union County is not an easy win. The 97867 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $891/mo on a $285K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 97867 sits below the stated 0.0% once reality is priced in.
ZIP 97867's metrics run below Union County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 97867 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at North Powder's stable or hybrid ZIPs before stepping into 97867. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in North Powder:
Market Trends
Home Value History (with trend line)
📊 How Does 97867 Compare?
| Metric | 97867 | North Powder | La Grande, OR | Oregon |
|---|---|---|---|---|
| Home Value | $285,305 | $285,305 | N/A | $493,884 |
| 5-Year CAGR | 7.2% | 7.2% | N/A | 4.9% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97867 (North Powder, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $285,305 |
| Monthly Rent | $891 |
| Price-to-Rent | 26.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.4% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (2.4%). 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 97867
Population: 1,057
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 97867
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
Do rentals sit vacant long in North Powder, OR?
Rental vacancy in North Powder, OR is elevated. Investors should budget normal turnover but not chronic empty units.
Does North Powder, OR make sense for an investment property?
The 3.0/5 investability rating in North Powder, OR reflects its $285K prices and $891/mo rents. Investors generally consider it a solid option within OR.
How viable is house hacking in North Powder, OR?
House hacking in North Powder, OR is a challenging. With home values around $285K and rents at $891/mo, owner-occupants can offset a meaningful share of PITI.
What is it like being a landlord in North Powder, OR?
OR law landlord-friendly for landlords, and North Powder inherits those rules. Investors should still review local ordinances for rental licensing.
What price range are homes in North Powder, OR?
Median home price in North Powder, OR is near $285K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
You know 97867 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97867 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 97867 ranks in La Grande, OR
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