Real Estate Investing in Enterprise, Oregon (97885)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97885 (Enterprise, 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: 17.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 28.7 — 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 Enterprise, OR (97885)?
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Market Analysis: 97885 Enterprise
The 97885 ZIP covers a section of Enterprise that demands careful diligence. Prices near $335K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 97885 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Looking more closely, 97885 offers a low basis, the region around Enterprise has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 97885 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 Enterprise's stable or hybrid ZIPs before stepping into 97885. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Enterprise:
Property Strategy for 97885
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $262,934 | $1,080 | 3.0% | +9.3% | $131,467 |
| 3BR | $343,744 | $1,500 | 3.1% | +8.0% | $114,581 |
Market Trends
Home Value History (with trend line)
📊 How Does 97885 Compare?
| Metric | 97885 | Enterprise | Oregon |
|---|---|---|---|
| Home Value | $335,113 | $381,979 | $493,884 |
| 5-Year CAGR | 5.0% | 4.7% | 4.9% |
| Avg Rent | $972 | $936 | - |
| Cap Rate | 2.3% | 2.0% | - |
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 97885 (Enterprise, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $335,113 |
| Monthly Rent | $972 |
| Price-to-Rent | 28.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (2.3%). 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 97885
Population: 1,222
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 97885
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 does Enterprise, OR rate as a rental market?
Investors tracking Enterprise, OR will find a 3.0/5 rating supported by $335K median home values and $972/mo rents. That profile suits long-term holders targeting steady returns.
How quickly do rentals get leased in Enterprise, OR?
Vacancy in Enterprise, OR is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $972/mo.
What monthly rent should investors expect in Enterprise, OR?
Enterprise, OR rentals go for roughly $972/mo a month. That puts gross yield in solid territory relative to $335K acquisition costs.
Does house hacking work in Enterprise, OR?
For house hackers, Enterprise, OR is a challenging. The $972/mo rent on a unit helps defray the mortgage on a $335K property.
Is the tenant base reliable in Enterprise, OR?
Enterprise, OR offers a reliable renter base at the $972/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 97885 now. You don’t know where it ranks.
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