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Cap Rate Analysis: La Grande, OR

Investment metrics, interactive calculators, and data-driven analysis for La Grande rental properties.

Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026

Challenging for pure cash flow
Based on $320,000 median price and $1,230/mo median rent
Est. Cap Rate
2.66%
1% Rule
0.38%
Fails
GRM
21.7x
Price / Income
5.6x

Market Data

Median Home Price$320,000
Median Monthly Rent$1,230
Property Tax Rate0.94%
Population50,000
Population Growth1% / yr
Median Household Income$57,433
Vacancy Rate4.7%
Annual Appreciation2.5%

Cap Rate Calculator — La Grande

Pre-filled with La Grande medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
0.94% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
2.22%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$7,118
net operating income
Gross Rent Multiplier
21.7x
High (>15)
1% Rule
0.38%
✗ Fails
Monthly Cash Flow
$593
before debt service
Annual Breakdown
Gross Rental Income$14,760
Less Vacancy−$694
Effective Income$14,066
Less Operating Expenses−$6,948
Net Operating Income$7,118
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Cash-on-Cash Return — La Grande

Factor in financing to see your actual return on invested capital in La Grande.

$
$80,000
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-11.41%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$89,600
$80,000 down + $9,600 closing
Monthly Mortgage
$1,565
on $240K loan
Monthly Cash Flow
$-852
after all expenses
Annual Cash Flow
$-10,219
before taxes
Cash Flow Breakdown
Monthly Rent$1,230
Less Expenses−$517
Less Mortgage−$1,565
Monthly Cash Flow$-852

Is La Grande a Good Place to Invest in Rental Property?

La Grande, OR has a population of 50,000 and has been growing at 1% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $320,000 paired with median rents of $1,230/mo produces an estimated cap rate of 2.66%.

Property taxes at 0.94% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 4.7% is impressively low, indicating tight rental supply and strong tenant demand — favorable for landlords.

At a price-to-income ratio of 5.6x, homes cost about 5.6 times the local median income of $57,433. This moderate ratio indicates a balanced rent-vs-buy market. Home values have appreciated at roughly 2.5% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: At current median prices, La Grande is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.

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