Real Estate Investing in Summerville, Oregon (97876)
Should you buy in 97876 (Summerville, 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.
- Elevated vacancy: 9.9% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 35.6 — hard to cash-flow at these prices.
What’s happening in Summerville, OR (97876)?
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Market Analysis: 97876 Summerville
The 97876 ZIP in Summerville, OR is a local-operator market. Outside capital chasing a $573K entry has to pair deep knowledge with the discount.
The investment case in 97876 is resilient only for operators who understand what they are buying. A $573K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 97876 and stronger Summerville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 97876 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 97876 is an operator game, not a passive one. From a cash-flow lens, entry prices of $573K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Summerville:
Market Trends
Home Value History (with trend line)
📊 How Does 97876 Compare?
| Metric | 97876 | Summerville | La Grande, OR | Oregon |
|---|---|---|---|---|
| Home Value | $573,350 | $573,350 | N/A | $493,884 |
| 5-Year CAGR | N/A | N/A | N/A | 4.9% |
| Avg Rent | $1,341 | $1,341 | N/A | - |
| Cap Rate | 1.8% | 1.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97876 (Summerville, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $573,350 |
| Monthly Rent | $1,341 |
| Price-to-Rent | 35.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (1.8%). 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 97876
Population: 1,092
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
Frequently Asked Questions
What is the average home sale price in Summerville, OR?
Expect median prices around $573K in Summerville, OR. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
Are landlord laws favorable in Summerville, OR?
Summerville, OR operates under OR law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
How high is vacancy risk in Summerville, OR?
Summerville, OR carries elevated vacancy risk. Expect consistent absorption at market rents of $1,341/mo.
Does a duplex house hack pencil in Summerville, OR?
The a challenging house-hack environment in Summerville, OR reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How should investors approach Summerville, OR?
In Summerville, OR the durable play is typically careful cash-flow rentals with hands-on management. The combination of $573K prices and $1,341/mo rents suits that approach.
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