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

Hermiston, OR has a median modeled monthly cash flow of $-869 and a median cap rate of 3.4%, on a median sold price of $359,997. Prices changed +6.0% year over year.

What is the average cap rate in Hermiston, OR?

The median cap rate across recently sold homes in Hermiston, OR is 3.4%, 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 $359,997 (about $229 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.

$359,997Median sold price

$229Median $/sqft

3.4%Median cap rate

$-869Modeled cash flow / mo

+6.0%Appreciation YoY

14.4Months of supply

381Active listings

317Sold (last 12 mo)

What the Hermiston numbers say

In Hermiston, OR, the median home sold for $359,997 (about $229 per square foot), and the typical deal models out to a 3.4% cap rate with a median $-869 of monthly cash flow. Sold prices moved +6.0% over the past year. Inventory sits at about 14.4 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.