Real Estate Investing in Grants Pass, Oregon (97527)
Should you buy in 97527 (Grants Pass, 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 Grants Pass, OR (97527)?
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Market Analysis: 97527 Grants Pass
This part of Josephine County is not an easy win. The 97527 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 97527 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 97527 trails on several market indicators that neighboring Josephine County submarkets outperform. The gap is real and solid enough to shape underwriting.
A healthy renter share of 28% in 97527 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Grants Pass's stable or hybrid ZIPs before stepping into 97527. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Grants Pass:
Property Strategy for 97527
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $296,275 | $1,190 | 2.9% | +2.6% | $296,275 |
| 2BR | $336,034 | $1,560 | 3.3% | +4.5% | $168,017 |
| 3BR | $415,885 | $2,170 | 3.8% | +5.0% | $138,628 |
| 4BR | $516,537 | $2,310 | 3.2% | +5.2% | $129,134 |
| 5BR | $611,145 | — | — | +4.6% | $122,229 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97527 Compare?
| Metric | 97527 | Grants Pass | Grants Pass, OR | Oregon |
|---|---|---|---|---|
| Home Value | $414,080 | $283,427 | N/A | $493,884 |
| 5-Year CAGR | 2.4% | 2.0% | N/A | 4.9% |
| Avg Rent | $1,804 | $1,407 | N/A | - |
| Cap Rate | 3.4% | 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 97527 (Grants Pass, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $414,080 |
| Monthly Rent | $1,804 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +2.4% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.4%). 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 97527
Population: 36,756
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 97527
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 1,838 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What price range are homes in Grants Pass, OR?
Median home price in Grants Pass, OR is near $414K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
Does Grants Pass, OR make sense for an investment property?
With a 3.0/5 investability score, Grants Pass, OR ranks as a solid market for rental property investors. Median prices of $414K and rents of $1,804/mo drive the underlying numbers.
Are landlord laws favorable in Grants Pass, OR?
Grants Pass, OR operates under OR law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
Which investment style suits Grants Pass, OR?
A careful cash-flow rentals with hands-on management strategy Grants Pass, OR best. The market produces consistent results for that approach at the $414K price point.
How strong is the working-renter base in Grants Pass, OR?
Tenant demand in Grants Pass, OR is solid. The local workforce $1,804/mo rents across most rental classes.
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