Best ZIP Codes for Cash Flow in Olympia-Lacey-Tumwater, 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 | 98530 | Bucoda, WA | $317,462 | $1,494 | 3.67% | 4.2% |
| 2 | 98513 | Lacey, WA | $509,961 | $2,335 | 3.57% | 3.1% |
| 3 | 98597 | Yelm, WA | $490,244 | $2,234 | 3.55% | 2.6% |
| 4 | 98503 | Lacey, WA | $490,535 | $2,040 | 3.24% | 3.1% |
| 5 | 98516 | Lacey, WA | $581,608 | $2,245 | 3.01% | 2.5% |
| 6 | 98506 | Olympia, WA | $545,946 | $2,047 | 2.92% | 2.9% |
| 7 | 98512 | Olympia, WA | $558,551 | $2,032 | 2.84% | 3.0% |
| 8 | 98501 | Olympia, WA | $552,636 | $1,941 | 2.74% | 2.8% |
| 9 | 98589 | Tenino, WA | $520,344 | $1,494 | 2.24% | 3.1% |
| 10 | 98576 | Rainier, WA | $523,723 | $1,494 | 2.23% | 4.0% |
| 11 | 98579 | Rochester, WA | $522,431 | $1,494 | 2.23% | 3.5% |
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 Olympia-Lacey-Tumwater, WA · Affordable in Olympia-Lacey-Tumwater, WA
Or see the full Olympia-Lacey-Tumwater, WA metro profile.