Real Estate Investing in Mount Angel, Oregon (97362)
Should you buy in 97362 (Mount Angel, 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 Mount Angel, OR (97362)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97362 Mount Angel
The 97362 ZIP in Mount Angel, OR is a local-operator market. Outside capital chasing a $486K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $486K asset, 97362 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 97362 sits on the difficult end of the OR spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Turning to rents, 3,952 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 Mount Angel's stable or hybrid ZIPs before stepping into 97362. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Mount Angel:
Property Strategy for 97362
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $459,384 | $2,470 | 3.9% | +5.6% | $153,128 |
| 4BR | $537,160 | $2,900 | 3.9% | +5.7% | $134,290 |
Market Trends
Home Value History (with trend line)
📊 How Does 97362 Compare?
| Metric | 97362 | Mount Angel | Salem, OR | Oregon |
|---|---|---|---|---|
| Home Value | $485,873 | $485,873 | N/A | $493,884 |
| 5-Year CAGR | 3.5% | 3.5% | N/A | 4.9% |
| Avg Rent | $1,620 | $1,620 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
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 97362 (Mount Angel, 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 | $485,873 |
| Monthly Rent | $1,620 |
| Price-to-Rent | 25.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 6.1% |
📈 Home Appreciation
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 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 (2.6%). 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 97362
Population: 3,952
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 97362
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 2,140 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of market is Mount Angel, OR for investors?
Mount Angel, OR scores 3.0/5 for investability. Home values sit at $486K and rents near $1,620/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are rents high in Mount Angel, OR?
Rental rates in Mount Angel, OR average $1,620/mo. Tenant demand and $486K home values make the yield look reasonable by investor standards.
What approach is best for Mount Angel, OR real estate?
For Mount Angel, OR, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the typical vacancy rate in Mount Angel, OR?
Expect elevated vacancy in Mount Angel, OR. Rents at $1,620/mo are absorbed by the tenant base without meaningful lag.
Does a duplex house hack pencil in Mount Angel, OR?
House hacking works a challenging in Mount Angel, OR. Rents of $1,620/mo against $486K acquisition make the strategy solid for owner-occupants.
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