Real Estate Investing in Cornelius, Oregon (97113)
Should you buy in 97113 (Cornelius, OR)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Cornelius, OR (97113)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97113 Cornelius
ZIP 97113 in Cornelius, OR carries a healthy set of headwinds. Home values near $488K and rents of $2,515/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 97113 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader OR picture, 97113 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 97113 includes headwinds that any investor should price in. Income distribution skews lower than Cornelius averages, and tenant stability requires active management.
Strategically, 97113 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 Cornelius:
Property Strategy for 97113
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $405,162 | $1,800 | 3.2% | +4.2% | $202,581 |
| 3BR | $467,167 | $2,470 | 3.8% | +4.6% | $155,722 |
| 4BR | $560,325 | $2,900 | 3.7% | +4.7% | $140,081 |
| 5BR | $656,445 | — | — | +5.0% | $131,289 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97113 Compare?
| Metric | 97113 | Cornelius | Oregon |
|---|---|---|---|
| Home Value | $487,707 | $487,707 | $493,884 |
| 5-Year CAGR | 2.4% | 2.4% | 4.9% |
| Avg Rent | $2,515 | $2,515 | - |
| Cap Rate | 4.0% | 4.0% | - |
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 97113 (Cornelius, OR). Anonymous, moderated, never written by AI.
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Property managers serving Washington County
Manage rentals here? List your business →Shamrock Community & Property Management offers Community Association Management services. summary from their website
PreciseRentals.com is a domain name for sale. 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 | $487,707 |
| Monthly Rent | $2,515 |
| Price-to-Rent | 16.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | -1.2% ▼ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | +2.4% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (4.0%). 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 97113
Population: 15,621
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 97113
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
Are renters plentiful in Cornelius, OR?
Working renters make up the core of the Cornelius, OR tenant base. The pool is reasonable for investors targeting long-term holds.
What kind of market is Cornelius, OR for investors?
Our data puts Cornelius, OR at 3.0/5 for investability. Home prices of $488K and rents around $2,515/mo create a solid backdrop for investor activity.
What price range are homes in Cornelius, OR?
Median home price in Cornelius, OR is near $488K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
Which real estate strategy fits Cornelius, OR?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Cornelius, OR. The numbers - $488K homes against $2,515/mo rents - support that play.
Is Cornelius, OR landlord-friendly?
OR ranks as a landlord-friendly state for landlord-tenant law. Cornelius generally follows the statewide framework, so landlords face reasonable operating rules.
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Community Ratings
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