Is Hermiston, OR a good place to invest in rental property?

Hermiston, OR has a median modeled monthly cash flow of $-1,105 and a median cap rate of 2.7%, on a median sold price of $350,000. Prices changed +5.6% year over year.

What is the average cap rate in Hermiston, OR?

The median cap rate across recently sold homes in Hermiston, OR is 2.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Hermiston, OR?

The median sold price in Hermiston, OR is $350,000 (about $225 per square foot).

Investing in Hermiston, OR Real Estate

A data-driven snapshot of the Hermiston, OR rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$350,000Median sold price

$225Median $/sqft

2.7%Median cap rate

$-1,105Modeled cash flow / mo

+5.6%Appreciation YoY

8.2Months of supply

193Active listings

282Sold (last 12 mo)

What the Hermiston numbers say

In Hermiston, OR, the median home sold for $350,000 (about $225 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-1,105 of monthly cash flow. Sold prices moved +5.6% over the past year. Inventory sits at about 8.2 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Oregon markets to compare

See Hermiston cash-flowing listings

CashFlowRE ranks every for-sale home in Hermiston, OR by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Hermiston deals, or browse the national market data.