Real Estate Investing in Silverton, Oregon (97381)
Should you buy in 97381 (Silverton, 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.
- High price-to-rent: Price-to-rent ratio 26.2 — hard to cash-flow at these prices.
What’s happening in Silverton, OR (97381)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97381 Silverton
Investors eyeing 97381 need to respect the fundamentals at play. Home values of $553K come alongside slower price movement and elevated management overhead.
The 97381 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 97381 sits on the difficult end of the OR spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Put differently, 15,404 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.
The right play in 97381 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Silverton:
Property Strategy for 97381
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $396,836 | $1,740 | 3.2% | +5.8% | $198,418 |
| 3BR | $528,480 | $2,410 | 3.3% | +6.3% | $176,160 |
| 4BR | $634,976 | $2,610 | 3.0% | +6.5% | $158,744 |
| 5BR | $704,669 | — | — | +6.1% | $140,934 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97381 Compare?
| Metric | 97381 | Silverton | Salem, OR | Oregon |
|---|---|---|---|---|
| Home Value | $553,330 | $553,330 | N/A | $493,884 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 4.9% |
| Avg Rent | $1,761 | $1,761 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
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 97381 (Silverton, 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 | $553,330 |
| Monthly Rent | $1,761 |
| Price-to-Rent | 26.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (2.5%). 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 97381
Population: 15,404
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 97381
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
Is real estate in Silverton, OR a good investment right now?
Silverton, OR rates 3.0/5 for investability. With median values at $553K and rents near $1,761/mo, the market offers reasonable fundamentals for rental investors.
What is the typical rental rate in Silverton, OR?
Investors in Silverton, OR typically see rents near $1,761/mo per month against $553K home values - a solid setup for rental cash flow.
What are vacancy rates like in Silverton, OR?
Silverton, OR sees elevated vacancy, which is reasonable relative to the broader OR rental market.
How viable is house hacking in Silverton, OR?
The house hack math a challenging in Silverton, OR. Owner-occupant buyers benefit from the $1,761/mo rents and $553K home values.
Are eviction rules reasonable in Silverton, OR?
For rental operators, Silverton, OR rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
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