Best ZIP Codes for Cash Flow in Oak Harbor, WA (2026)
Ranked by cap rate — the annual return on the purchase price before financing. ZIPs that also clear the 1% rule are marked.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 98239 | Coupeville, WA | $648,934 | $2,420 | 2.91% | 2.8% |
| 2 | 98277 | Oak Harbor, WA | $536,001 | $1,966 | 2.86% | 3.1% |
| 3 | 98260 | Langley, WA | $786,093 | $1,575 | 1.56% | 1.9% |
| 4 | 98249 | Freeland, WA | $753,486 | $1,458 | 1.51% | 2.4% |
| 5 | 98236 | Clinton, WA | $744,237 | $1,431 | 1.50% | 1.9% |
| 6 | 98253 | Greenbank, WA | $774,508 | $1,377 | 1.39% | 2.5% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Appreciation in Oak Harbor, WA
Or see the full Oak Harbor, WA metro profile.