Real Estate Investing in Ontario, Oregon (97914)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97914 (Ontario, 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.
- Elevated vacancy: 11.6% vacancy may signal weakening demand.
What’s happening in Ontario, OR (97914)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97914 Ontario
This part of Malheur County is not an easy win. The 97914 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 97914 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Ontario have seen price recovery that 97914 has not matched. Malheur County data supports the view that the spread is structural rather than temporary.
In practical terms, 19,879 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.
Strategically, 97914 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Ontario:
Property Strategy for 97914
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $153,467 | $950 | 4.5% | +6.8% | $153,467 |
| 2BR | $227,468 | $1,090 | 3.5% | +9.5% | $113,734 |
| 3BR | $292,294 | $1,520 | 3.7% | +8.8% | $97,431 |
| 4BR | $343,522 | $1,830 | 3.8% | +8.5% | $85,881 |
| 5BR | $380,384 | — | — | +7.8% | $76,077 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97914 Compare?
| Metric | 97914 | Ontario | Ontario, OR-ID | Oregon |
|---|---|---|---|---|
| Home Value | $312,126 | $312,126 | N/A | $493,884 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 4.9% |
| Avg Rent | $1,150 | $1,150 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97914 (Ontario, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $312,126 |
| Monthly Rent | $1,150 |
| Price-to-Rent | 22.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +9.2% ▲ |
🏠 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 (2.9%). 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 97914
Population: 19,879
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 97914
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Does Ontario, OR favor landlords or tenants?
For rental operators, Ontario, OR rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Are renters plentiful in Ontario, OR?
The tenant pool in Ontario, OR is solid, supported by local employment and population fundamentals. Rents of $1,150/mo are well-absorbed by the market.
Are homes affordable in Ontario, OR?
Expect median prices around $312K in Ontario, OR. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
What is the typical vacancy rate in Ontario, OR?
Rental vacancy in Ontario, OR is elevated. Investors should budget normal turnover but not chronic empty units.
How should investors approach Ontario, OR?
A careful cash-flow rentals with hands-on management strategy Ontario, OR best. The market produces even-keeled results for that approach at the $312K price point.
You know 97914 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 97914 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 97914 ranks in Ontario, OR-ID
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