Real Estate Investing in Fairview, Oregon (97024)
Should you buy in 97024 (Fairview, 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.
No major risk flags on the data we track.
What’s happening in Fairview, OR (97024)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97024 Fairview
The 97024 ZIP in Fairview, OR is a local-operator market. Outside capital chasing a $478K entry has to pair deep knowledge with the discount.
Rent of $1,696/mo on a $478K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 97024 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 97024 among OR's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
On the rental side, 11,702 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.
New investors are better served looking at Fairview's stable or hybrid ZIPs before stepping into 97024. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Fairview:
Property Strategy for 97024
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $364,779 | $1,800 | 3.6% | +3.9% | $182,390 |
| 3BR | $463,045 | $2,470 | 3.8% | +4.8% | $154,348 |
| 4BR | $581,277 | $2,910 | 3.6% | +5.0% | $145,319 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97024 Compare?
| Metric | 97024 | Fairview | Oregon |
|---|---|---|---|
| Home Value | $478,363 | $478,363 | $493,884 |
| 5-Year CAGR | 3.1% | 3.1% | 4.9% |
| Avg Rent | $1,696 | $1,696 | - |
| Cap Rate | 2.8% | 2.8% | - |
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 97024 (Fairview, OR). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 97024 (Fairview, OR)?
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Property managers serving Multnomah County
Manage rentals here? List your business →AMS Association Management Services NW provides HOA Management Services. summary from their website
Gateway Property Management offers residential property management services in Portland, OR. summary from their website
Grid Property Management is a Portland-based firm providing full-service management and leasing for residential and industrial properties. 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 | $478,363 |
| Monthly Rent | $1,696 |
| Price-to-Rent | 23.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +1.0% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | -1.7% ▼ |
| 3-Year CAGR | -0.4% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (2.8%). 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 97024
Population: 11,702
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 97024
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Highland Elementary School
Center for Advanced Learning
Clear Creek Middle School
Hall Elementary School
North Gresham Elementary School
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 2,401 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How expensive is real estate in Fairview, OR?
Median home price in Fairview, OR is near $478K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
How strong are rents in Fairview, OR?
The typical rental in Fairview, OR commands about $1,696/mo monthly. That rent profile stable cash flow against the $478K purchase basis.
What is the renter demographic in Fairview, OR?
Fairview, OR offers a even-keeled renter base at the $1,696/mo rent level. Tenant turnover is reasonable for well-managed properties.
How strict are landlord regulations in Fairview, OR?
Fairview, OR operates under OR law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
Is Fairview in OR worth investing in?
Investors tracking Fairview, OR will find a 3.0/5 rating supported by $478K median home values and $1,696/mo rents. That profile suits long-term holders targeting stable returns.
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