Real Estate Investing in Baker City, Oregon (97814)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97814 (Baker City, OR)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.6 — 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 Baker City, OR (97814)?
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Market Analysis: 97814 Baker City
Not every below-median market is a bargain. Baker City's 97814 ZIP reports signals that favor experienced operators who can absorb the risk $307K pricing implies.
Rent of $927/mo on a $307K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 97814 sits below the stated 0.0% once reality is priced in.
Within OR, ZIP 97814 trails on several market indicators that neighboring Baker County submarkets outperform. The gap is real and durable enough to shape underwriting.
Stepping back, 12,829 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 97814 is an operator game, not a passive one. Turning to rents, entry prices of $307K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Baker City:
Property Strategy for 97814
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $185,313 | $880 | 3.4% | +11.0% | $185,313 |
| 2BR | $223,035 | $1,030 | 3.3% | +11.3% | $111,518 |
| 3BR | $340,945 | $1,430 | 3.0% | +9.6% | $113,648 |
| 4BR | $391,029 | $1,730 | 3.2% | +8.5% | $97,757 |
| 5BR | $411,266 | — | — | +8.3% | $82,253 |
Market Trends
Home Value History (with trend line)
📊 How Does 97814 Compare?
| Metric | 97814 | Baker City | Oregon |
|---|---|---|---|
| Home Value | $306,638 | $306,638 | $493,884 |
| 5-Year CAGR | 5.9% | 5.9% | 4.9% |
| Avg Rent | $927 | $927 | - |
| Cap Rate | 2.4% | 2.4% | - |
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 97814 (Baker City, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $306,638 |
| Monthly Rent | $927 |
| Price-to-Rent | 27.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 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 97814
Population: 12,829
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 97814
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
What is the average monthly rent in Baker City, OR?
Rent in Baker City, OR is around $927/mo. The resulting rent-to-value relationship with $307K pricing is reasonable for most investor models.
How expensive is real estate in Baker City, OR?
Median home price in Baker City, OR is near $307K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
What is the rental occupancy rate in Baker City, OR?
Occupancy in Baker City, OR runs stable with elevated vacancy. Well-priced units at $927/mo lease on reasonable timelines.
How landlord-friendly is Baker City, OR?
The landlord environment in Baker City, OR is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How does Baker City, OR rate as a rental market?
Baker City, OR scores 3.0/5 for investability. Home values sit at $307K and rents near $927/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 97814 now. You don’t know where it ranks.
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