Real Estate Investing in Central Point, Oregon (97502)
Should you buy in 97502 (Central Point, 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 Central Point, OR (97502)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97502 Central Point
The 97502 ZIP in Central Point, OR is a local-operator market. Outside capital chasing a $424K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 97502 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within OR, ZIP 97502 trails on several market indicators that neighboring Jackson County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Who lives in 97502 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 97502 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Central Point:
Property Strategy for 97502
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $289,559 | $1,290 | 3.2% | +4.1% | $289,559 |
| 2BR | $332,187 | $1,610 | 3.5% | +4.8% | $166,093 |
| 3BR | $410,067 | $2,240 | 3.9% | +5.3% | $136,689 |
| 4BR | $544,270 | $2,650 | 3.5% | +5.4% | $136,068 |
| 5BR | $660,128 | — | — | +5.3% | $132,026 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97502 Compare?
| Metric | 97502 | Central Point | Medford, OR | Oregon |
|---|---|---|---|---|
| Home Value | $423,713 | $423,713 | N/A | $493,884 |
| 5-Year CAGR | 3.1% | 3.1% | N/A | 4.9% |
| Avg Rent | $1,932 | $1,932 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
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 97502 (Central Point, OR). Anonymous, moderated, never written by AI.
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Property managers serving Jackson County
Manage rentals here? List your business →Quality Property Management Company offers residential, commercial, and association management services, including affordable housing for older adults, in Medford, Oregon. 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 | $423,713 |
| Monthly Rent | $1,932 |
| Price-to-Rent | 18.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | +0.1% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.6%). 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 97502
Population: 29,583
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 97502
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
Is Central Point, OR a good market for buy-and-hold investors?
Our data puts Central Point, OR at 3.0/5 for investability. Home prices of $424K and rents around $1,932/mo create a solid backdrop for investor activity.
How much do tenants pay in Central Point, OR?
Rent in Central Point, OR is around $1,932/mo. The resulting rent-to-value relationship with $424K pricing is reasonable for most investor models.
Is Central Point, OR suited for a house hack?
The a challenging house-hack environment in Central Point, OR reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What are vacancy rates like in Central Point, OR?
Central Point, OR sees elevated vacancy, which is reasonable relative to the broader OR rental market.
Is housing expensive in Central Point, OR?
Central Point, OR home values average about $424K. That price point suits investors targeting rentals with $1,932/mo in monthly income.
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Community Ratings
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