Real Estate Investing in Aurora, Oregon (97002)
Should you buy in 97002 (Aurora, 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 price-to-rent: Price-to-rent ratio 36.5 — hard to cash-flow at these prices.
What’s happening in Aurora, OR (97002)?
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Market Analysis: 97002 Aurora
Put differently, ZIP 97002 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $710K median. It rewards specialists, not generalists.
The 97002 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within OR, ZIP 97002 trails on several market indicators that neighboring Marion County submarkets outperform. The gap is real and impressive enough to shape underwriting.
From an investor standpoint, 6,468 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.
looks 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 Aurora:
Property Strategy for 97002
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $640,062 | $2,470 | 2.8% | +5.8% | $213,354 |
| 4BR | $842,436 | $2,900 | 2.5% | +6.2% | $210,609 |
Market Trends
Home Value History (with trend line)
📊 How Does 97002 Compare?
| Metric | 97002 | Aurora | Salem, OR | Oregon |
|---|---|---|---|---|
| Home Value | $709,658 | $709,658 | N/A | $493,884 |
| 5-Year CAGR | 4.0% | 4.0% | N/A | 4.9% |
| Avg Rent | $1,620 | $1,620 | N/A | - |
| Cap Rate | 1.8% | 1.8% | - | - |
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 97002 (Aurora, OR). Anonymous, moderated, never written by AI.
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Property managers serving Marion County
Manage rentals here? List your business →Evolve Workforce & Multifamily Housing Services. summary from their website
Dalke Property Management, Llc. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $709,658 |
| Monthly Rent | $1,620 |
| Price-to-Rent | 36.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.8% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (1.8%). 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 97002
Population: 6,468
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 97002
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
Investor Insight: With 8,393 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are renters plentiful in Aurora, OR?
Aurora, OR draws a steady base of working renters. Demand at the $1,620/mo rent level is reasonable for standard single-family and small multi rentals.
Can owner-occupants cash flow in Aurora, OR?
Aurora, OR is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $710K price point reasonable to enter.
Is OR a landlord-friendly state?
The landlord environment in Aurora, OR is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Are rents high in Aurora, OR?
Aurora, OR rentals go for roughly $1,620/mo a month. That puts gross yield in solid territory relative to $710K acquisition costs.
How do home values compare in Aurora, OR?
In Aurora, OR the median home value sits at $710K. Against the broader OR market, that reads as reasonable for most investors.
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