Real Estate Investing in Grants Pass, Oregon (97543)
Should you buy in 97543 (Grants Pass, OR)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 30.8% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.4% CAGR).
- High price-to-rent: Price-to-rent ratio 29.3 — hard to cash-flow at these prices.
What’s happening in Grants Pass, OR (97543)?
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Market Analysis: 97543 Grants Pass
This part of Josephine County is not an easy win. The 97543 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,215/mo on a $428K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 97543 sits below the stated 0.0% once reality is priced in.
In the broader OR picture, 97543 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 97543 ZIP's population of 732 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Grants Pass:
Market Trends
Home Value History (with trend line)
📊 How Does 97543 Compare?
| Metric | 97543 | Grants Pass | Grants Pass, OR | Oregon |
|---|---|---|---|---|
| Home Value | $427,564 | $283,427 | N/A | $493,884 |
| 5-Year CAGR | 1.4% | 2.0% | N/A | 4.9% |
| Avg Rent | $1,215 | $1,407 | N/A | - |
| Cap Rate | 2.2% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97543 (Grants Pass, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $427,564 |
| Monthly Rent | $1,215 |
| Price-to-Rent | 29.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 3.6% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +1.4% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (2.2%). 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 97543
Population: 732
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
🎓 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
Is Grants Pass, OR a good market for buy-and-hold investors?
With a 2.0/5 investability score, Grants Pass, OR ranks as a solid market for rental property investors. Median prices of $428K and rents of $1,215/mo drive the underlying numbers.
Are there empty rentals in Grants Pass, OR?
Rental vacancy in Grants Pass, OR is elevated. Investors should budget normal turnover but not chronic empty units.
What monthly rent should investors expect in Grants Pass, OR?
Expect rents around $1,215/mo per month in Grants Pass, OR. With home values at $428K, the yield math works out to reasonable levels for rental investors.
What is the typical home price in Grants Pass, OR?
Grants Pass, OR home values average about $428K. That price point suits investors targeting rentals with $1,215/mo in monthly income.
How strong is tenant demand in Grants Pass, OR?
The renter base in Grants Pass, OR is reasonable for the $1,215/mo price point. Screening well and pricing to market typically yields measured tenants.
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