Real Estate Investing in Umatilla, Oregon (97882)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97882 (Umatilla, 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 middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Umatilla, OR (97882)?
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Market Analysis: 97882 Umatilla
From a cash-flow lens, ZIP 97882 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $298K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 97882 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Umatilla have seen price recovery that 97882 has not matched. Umatilla County data supports the view that the spread is structural rather than temporary.
Demographically, 97882 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Umatilla:
Property Strategy for 97882
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $211,575 | $1,290 | 4.4% | +7.3% | $105,788 |
| 3BR | $287,862 | $1,790 | 4.5% | +7.2% | $95,954 |
| 4BR | $342,343 | $2,160 | 4.5% | +6.8% | $85,586 |
Market Trends
Home Value History (with trend line)
📊 How Does 97882 Compare?
| Metric | 97882 | Umatilla | Hermiston-Pendleton, OR | Oregon |
|---|---|---|---|---|
| Home Value | $298,149 | $298,149 | N/A | $493,884 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 4.9% |
| Avg Rent | $1,161 | $1,161 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 97882 (Umatilla, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $298,149 |
| Monthly Rent | $1,161 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (3.0%). 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 97882
Population: 8,043
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 97882
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 best play in Umatilla, OR?
For Umatilla, OR, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is rental property easy to operate in Umatilla, OR?
The landlord environment in Umatilla, OR is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How do home values compare in Umatilla, OR?
In Umatilla, OR the median home value sits at $298K. Against the broader OR market, that reads as reasonable for most investors.
What is the investability score for Umatilla, OR?
Yes - Umatilla, OR a 3.0/5 investability score. With $298K home prices against $1,161/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the renter demographic in Umatilla, OR?
Umatilla, OR offers a consistent renter base at the $1,161/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 97882 now. You don’t know where it ranks.
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How 97882 ranks in Hermiston-Pendleton, OR
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