Updated 2026 · Based on median market data for Coos Bay, OR
The median monthly rent in Coos Bay, OR is $1,780, translating to $21,360 in annual gross rental income per unit. The rent-to-price ratio is 0.52% — well below the 1% rule, making pure cash flow investing challenging at median prices.
Renters in Coos Bay spend approximately 37% of the local median household income ($57,433) on rent. This exceeds the standard 30% affordability threshold, suggesting rent growth may face resistance — but it also means a large portion of the population finds buying even more out of reach, supporting rental demand.
The vacancy rate in Coos Bay is 4.7%. This is extremely tight — expect strong tenant demand, quick lease-ups, and leverage to set favorable lease terms. In markets this tight, landlords often see multiple applications per listing. Population growth of 1% annually provides stable demand.
Coos Bay's GRM (price divided by annual rent) is 15.9x. A GRM between 12-16x is moderate and typical of balanced markets. Deals can work but you need to keep expenses controlled. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $1,780/mo, a single-family rental in Coos Bay generates approximately $21,360 in gross annual income. After accounting for 4.7% vacancy ($1,004 lost), property taxes of $3,196, insurance (~$1,360), and maintenance (~$1,360), the estimated NOI is $14,440 per year, or $1,203/mo.
Coos Bay vs Oregon state average and national average across key investment metrics. Coos Bay outperforms both benchmarks on cap rate.