Real Estate Investing in Saint Paul, Oregon (97137)
Should you buy in 97137 (Saint Paul, OR)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High price-to-rent: Price-to-rent ratio 32.9 — hard to cash-flow at these prices.
What’s happening in Saint Paul, OR (97137)?
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Market Analysis: 97137 Saint Paul
Investors eyeing 97137 need to respect the fundamentals at play. Home values of $600K come alongside slower price movement and elevated management overhead.
The 97137 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 97137 trails on several market indicators that neighboring Marion County submarkets outperform. The gap is real and substantial enough to shape underwriting.
The demographic picture in 97137 includes headwinds that any investor should price in. Income distribution skews lower than Saint Paul averages, and tenant stability requires active management.
Distressed ZIPs reward experience. sturdy returns are possible in 97137, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Saint Paul:
Market Trends
Home Value History (with trend line)
📊 How Does 97137 Compare?
| Metric | 97137 | Saint Paul | Salem, OR | Oregon |
|---|---|---|---|---|
| Home Value | $599,687 | $599,687 | N/A | $493,884 |
| 5-Year CAGR | 3.4% | 3.4% | N/A | 4.9% |
| Avg Rent | $1,521 | $1,521 | N/A | - |
| Cap Rate | 2.0% | 2.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97137 (Saint Paul, 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 | $599,687 |
| Monthly Rent | $1,521 |
| Price-to-Rent | 32.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 2.0% |
| 5-Year IRR | 5.3% |
📈 Home Appreciation
| 1-Year | +1.0% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (2.0%). 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 97137
Population: 1,126
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 97137
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
Where do home prices stand in Saint Paul, OR?
Typical homes in Saint Paul, OR go for around $600K. The 5-year CAGR of 0.0% even-keeled price movement.
Do rentals sit vacant long in Saint Paul, OR?
Saint Paul, OR vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What type of investing works in Saint Paul, OR?
In Saint Paul, OR the durable play is typically careful cash-flow rentals with hands-on management. The combination of $600K prices and $1,521/mo rents suits that approach.
Is rental property easy to operate in Saint Paul, OR?
OR law landlord-friendly for landlords, and Saint Paul inherits those rules. Investors should still review local ordinances for rental licensing.
What do rentals go for in Saint Paul, OR?
Saint Paul, OR rentals go for roughly $1,521/mo a month. That puts gross yield in solid territory relative to $600K acquisition costs.
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