Real Estate Investing in Adrian, Oregon (97901)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97901 (Adrian, OR)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 21.8% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 39.4 — hard to cash-flow at these prices.
• 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 Adrian, OR (97901)?
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Market Analysis: 97901 Adrian
The 97901 ZIP covers a section of Adrian that demands careful diligence. Prices near $490K look accessible, but the work to make a deal cash flow is real.
The 97901 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 97901 among OR's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 97901 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 97901 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Adrian:
Market Trends
Home Value History (with trend line)
📊 How Does 97901 Compare?
| Metric | 97901 | Adrian | Ontario, OR-ID | Oregon |
|---|---|---|---|---|
| Home Value | $489,541 | $489,541 | N/A | $493,884 |
| 5-Year CAGR | 3.8% | 3.8% | N/A | 4.9% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 1.7% | 1.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97901 (Adrian, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $489,541 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 39.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.5% |
| Cap Rate | 1.7% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 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 (1.7%). 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 97901
Population: 762
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 97901
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 kind of market is Adrian, OR for investors?
Adrian, OR records an investability rating of 2.0/5, with median home values near $490K and average rents around $1,035/mo. That combination puts it in the solid tier for investor interest.
What is the average home sale price in Adrian, OR?
In Adrian, OR the median home value sits at $490K. Against the broader OR market, that reads as reasonable for most investors.
What is the typical rental rate in Adrian, OR?
Average rent in Adrian, OR is approximately $1,035/mo per month. Against $490K home values that yields a reasonable rent-to-price ratio.
How quickly do rentals get leased in Adrian, OR?
Expect elevated vacancy in Adrian, OR. Rents at $1,035/mo are absorbed by the tenant base without meaningful lag.
Can owner-occupants cash flow in Adrian, OR?
House hacking in Adrian, OR is reasonable to execute. Prices around $490K and rents of $1,035/mo solid owner-occupant economics.
You know 97901 now. You don’t know where it ranks.
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How 97901 ranks in Ontario, OR-ID
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