Real Estate Investing in Dundee, Oregon (97115)
Should you buy in 97115 (Dundee, 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 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 Dundee, OR (97115)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97115 Dundee
Put differently, ZIP 97115 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $580K median. It rewards specialists, not generalists.
Rent of $2,034/mo on a $580K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 97115 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Dundee have seen price recovery that 97115 has not matched. Yamhill County data supports the view that the spread is structural rather than temporary.
Demographically, 97115 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 97115 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Dundee:
Property Strategy for 97115
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $513,466 | $3,080 | 4.3% | +5.5% | $171,155 |
| 4BR | $683,415 | $3,660 | 3.9% | +5.8% | $170,854 |
Market Trends
Home Value History (with trend line)
📊 How Does 97115 Compare?
| Metric | 97115 | Dundee | Oregon |
|---|---|---|---|
| Home Value | $580,412 | $580,412 | $493,884 |
| 5-Year CAGR | 4.0% | 4.0% | 4.9% |
| Avg Rent | $2,034 | $2,034 | - |
| Cap Rate | 2.7% | 2.7% | - |
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 97115 (Dundee, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $580,412 |
| Monthly Rent | $2,034 |
| Price-to-Rent | 23.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (2.7%). 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 97115
Population: 3,916
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 97115
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
What is the tenant pool like in Dundee, OR?
Expect a solid tenant pool in Dundee, OR. The rental market absorbs $2,034/mo rents without meaningful friction.
Is Dundee in OR worth investing in?
Investors tracking Dundee, OR will find a 3.0/5 rating supported by $580K median home values and $2,034/mo rents. That profile suits long-term holders targeting predictable returns.
How quickly do rentals get leased in Dundee, OR?
Vacancy risk in Dundee, OR is elevated. That supports predictable cash flow for typical rental holds.
What is it like being a landlord in Dundee, OR?
OR law landlord-friendly for landlords, and Dundee inherits those rules. Investors should still review local ordinances for rental licensing.
How much does a house cost in Dundee, OR?
Homes in Dundee, OR typically sell near $580K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
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