Real Estate Investing in Phoenix, Oregon (97535)
Should you buy in 97535 (Phoenix, 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 Phoenix, OR (97535)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97535 Phoenix
The 97535 ZIP in Phoenix, OR is a local-operator market. Outside capital chasing a $405K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 97535 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 97535's metrics run below Jackson County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 97535 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. significant returns are possible in 97535, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Phoenix:
Property Strategy for 97535
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $268,725 | $1,440 | 3.9% | +3.8% | $134,363 |
| 3BR | $402,121 | $2,000 | 3.6% | +4.6% | $134,040 |
| 4BR | $460,581 | $2,370 | 3.7% | +4.3% | $115,145 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97535 Compare?
| Metric | 97535 | Phoenix | Medford, OR | Oregon |
|---|---|---|---|---|
| Home Value | $404,572 | $404,572 | N/A | $493,884 |
| 5-Year CAGR | 3.0% | 3.0% | N/A | 4.9% |
| Avg Rent | $1,500 | $1,500 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 97535 (Phoenix, 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 | $404,572 |
| Monthly Rent | $1,500 |
| Price-to-Rent | 22.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +3.0% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (2.9%). 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 97535
Population: 4,766
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 97535
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 585 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are homes affordable in Phoenix, OR?
The median home value in Phoenix, OR is roughly $405K. That puts it reasonable relative to the OR statewide average.
What kind of tenants rent in Phoenix, OR?
Phoenix, OR draws a steady base of working renters. Demand at the $1,500/mo rent level is reasonable for standard single-family and small multi rentals.
What do landlords charge for rent in Phoenix, OR?
Rents in Phoenix, OR run near $1,500/mo. Compared with median home prices of $405K that produces solid gross yields for typical rentals.
What are vacancy rates like in Phoenix, OR?
Phoenix, OR vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Phoenix, OR a friendly market for rental owners?
OR ranks as a landlord-friendly state for landlord-tenant law. Phoenix generally follows the statewide framework, so landlords face reasonable operating rules.
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