Real Estate Investing in Halsey, Oregon (97348)
Should you buy in 97348 (Halsey, OR)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
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 Halsey, OR (97348)?
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Market Analysis: 97348 Halsey
Investors eyeing 97348 need to respect the fundamentals at play. Home values of $400K come alongside slower price movement and elevated management overhead.
Stepping back, the numbers look inviting — $400K purchase price, 0.0% nominal cap — the work to hit that pro forma in 97348 is substantial and deserves full respect.
Nearby ZIPs in Halsey have seen price recovery that 97348 has not matched. Linn County data supports the view that the spread is structural rather than temporary.
The 97348 ZIP's population of 2,103 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
New investors are better served looking at Halsey's stable or hybrid ZIPs before stepping into 97348. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Halsey:
Market Trends
Home Value History (with trend line)
📊 How Does 97348 Compare?
| Metric | 97348 | Halsey | Albany-Lebanon, OR | Oregon |
|---|---|---|---|---|
| Home Value | $400,098 | $400,098 | N/A | $493,884 |
| 5-Year CAGR | 4.4% | 4.4% | N/A | 4.9% |
| Avg Rent | $1,710 | $1,710 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97348 (Halsey, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $400,098 |
| Monthly Rent | $1,710 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +0.1% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (3.3%). 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 97348
Population: 2,103
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 97348
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
Investor Insight: With 3,101 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Halsey, OR a smart market for rental property?
With a 3.0/5 investability score, Halsey, OR ranks as a solid market for rental property investors. Median prices of $400K and rents of $1,710/mo drive the underlying numbers.
What investment strategy works best in Halsey, OR?
In Halsey, OR the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $400K prices and $1,710/mo rents suits that approach.
Is Halsey, OR landlord-friendly?
OR law landlord-friendly for landlords, and Halsey inherits those rules. Investors should still review local ordinances for rental licensing.
Is Halsey, OR good for house hacking?
House hacking in Halsey, OR is a challenging. With home values around $400K and rents at $1,710/mo, owner-occupants can offset a meaningful share of PITI.
What is the average monthly rent in Halsey, OR?
Expect rents around $1,710/mo per month in Halsey, OR. With home values at $400K, the yield math works out to reasonable levels for rental investors.
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