Is Wheeler County, OR good for real estate investing?

Wheeler County has an investment score of 47/100, rated as "Hold". The county ranks #652 nationally among 1000 counties analyzed.

What is the median home price in Wheeler?

The median home price in Wheeler County is $305,217. This ranks #722 in affordability among all US counties.

Can you cash flow on rental properties in Wheeler?

Based on median values with 20% down at current rates, a typical rental in Wheeler County would generate positive cash flow of $0/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Wheeler County

OregonPopulation: 1,407

/100

Hold

#652 of 1,000 counties

#16 in Oregon (36 counties)

Analysis by RentalCalcs ResearchIndependent data + algorithm-driven scoring

Updated January 1, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$305,217

Median Home Price

33% above national median

$18,442/mo

Est. Rent

Based on regional data

6.04%

Rent-to-Price Ratio

Estimated from price data

+$0

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Median Home Price

Median Rent

Historical data from Zillow ZHVI/ZORI

Score Breakdown

Overall Investment Score

47/100

Cash Flow(30%)

0/100

Rent data not available for cash flow calculation.

Appreciation(25%)

49/100

Based on -0.2% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

40/100

Price-to-income ratio of 6.0x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

No significant strengths identified based on current data.

Challenges

-Declining home values (-0.2% YoY)
-Negative leverage (cap rate 0.0% < mortgage rate 6.9%)
-Limited rent data (estimates used)

Economic Indicators

Population

1,407

Median Income

$50,774

vs $54,921 national est.

Unemployment Rate

—

Data pending

Price-to-Income

6.0x

Less affordable

Who this market fits

Skip if

−You can't tolerate negative leverage (cap rate below mortgage rate today)
−You expect appreciation to carry the deal, but prices have declined year over year

Compare to Nearby Counties

County					Verdict
LinnOR	48	$403,075	$1,647	4.90%	Hold	View
DouglasOR	48	$338,442	$1,340	4.75%	Hold	View
CurrentWheelerOR	47	$305,217	Est. pending	—	Hold
WallowaOR	47	$433,289	Est. pending	—	Hold	View
JacksonOR	46	$425,440	$1,713	4.83%	Hold	View
PolkOR	45	$470,528	$1,703	4.34%	Hold	View

The Bottom Line

HoldWheeler is a neutral market.

Wheeler County in Oregon scores 47/100, ranking #652 of 1,000 US counties (top 83%). At 20% down and current rates, a median-priced rental roughly breaks even on cash flow. The deal works on appreciation or with better terms, not on month-one cash flow.

Monthly Cash Flow

+$0/mo

Cap Rate

0.0%

Cash-on-Cash

0.0%

Related markets

Markets like Wheeler with stronger cash flow

Head-to-head comparisons

All counties in Oregon →

Rent vs buy in Oregon cities

Rent vs buy in Portland, ORMedian $493,151 · rent $1,687/mo Rent vs buy in Salem, ORMedian $437,106 · rent $1,652/mo Rent vs buy in Eugene, ORMedian $446,037 · rent $1,806/mo Rent vs buy in Bend, ORMedian $656,914 · rent $2,252/mo Rent vs buy in Gresham, ORMedian $493,151 · rent $1,687/mo All Oregon citiesFull rent-vs-buy directory for the state

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