Real Estate Investing in Canby, Oregon (97013)
Should you buy in 97013 (Canby, 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 26.9 — hard to cash-flow at these prices.
What’s happening in Canby, OR (97013)?
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Market Analysis: 97013 Canby
The 97013 ZIP in Canby, OR is a local-operator market. Outside capital chasing a $598K entry has to pair deep knowledge with the discount.
The 97013 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 97013 trails on several market indicators that neighboring Clackamas County submarkets outperform. The gap is real and durable enough to shape underwriting.
Resident income in 97013 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 97013 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 Canby:
Property Strategy for 97013
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $461,564 | $1,800 | 2.8% | +4.6% | $230,782 |
| 3BR | $554,412 | $2,470 | 3.2% | +5.0% | $184,804 |
| 4BR | $661,949 | $2,900 | 3.2% | +5.0% | $165,487 |
| 5BR | $716,074 | — | — | +4.6% | $143,215 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97013 Compare?
| Metric | 97013 | Canby | Oregon |
|---|---|---|---|
| Home Value | $598,213 | $598,213 | $493,884 |
| 5-Year CAGR | 3.5% | 3.5% | 4.9% |
| Avg Rent | $1,851 | $1,851 | - |
| Cap Rate | 2.4% | 2.4% | - |
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 97013 (Canby, OR). Anonymous, moderated, never written by AI.
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Property managers serving Clackamas County
Manage rentals here? List your business →Eagle Property Management is Portland's premier property management team, serving Portland and Lake Oswego, OR. summary from their website
Illume Property Management and North Coast Property Management eliminate the stress of property ownership and remodeling in the Portland Metro Area and on the Oregon Coast. summary from their website
Real Property Management helps protect investments, provides professional service, minimizes costs, and maximizes income for property owners. 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 | $598,213 |
| Monthly Rent | $1,851 |
| Price-to-Rent | 26.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | -7.4% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (2.4%). 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 97013
Population: 24,094
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 97013
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
How does Canby, OR stack up for property investment?
Yes - Canby, OR a 3.0/5 investability score. With $598K home prices against $1,851/mo monthly rent, the market delivers a reasonable entry point for new investors.
What type of investing works in Canby, OR?
A careful cash-flow rentals with hands-on management strategy Canby, OR best. The market produces steady results for that approach at the $598K price point.
Are landlord laws favorable in Canby, OR?
Canby, OR operates under OR law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
Is house hacking profitable in Canby, OR?
House hacking in Canby, OR is reasonable to execute. Prices around $598K and rents of $1,851/mo solid owner-occupant economics.
How tight is the rental market in Canby, OR?
Canby, OR carries elevated vacancy risk. Expect even-keeled absorption at market rents of $1,851/mo.
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