Real Estate Investing in Belfair, Washington

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 12,398 • Mason County

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Should you buy in Belfair, WA? Our answer, based on the numbers below.

🏠 For Homebuyers
WEAK FIT
Grade F (38/100)

Multiple negative signals. Better options likely exist nearby.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
2 flags
  • High vacancy: 15.3% of homes vacant — above national norms.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

What’s happening in Belfair, WA?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

2.3% 5yr CAGR

1.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $493,858
Avg Monthly Rent $2,134
ZIP Codes 1

Investing in Belfair Real Estate

With a sizable population across 1 ZIPs, Belfair shows the kind of sluggish fundamentals that keep most out-of-state capital on the sidelines.

firmly Belfair's aggregate rating of ★★★☆☆ reflects tepid investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.

The $2,134/mo / $494K relationship in Belfair looks lackluster once vacancy and capex are incorporated into underwriting. trends toward the realized yield tends to disappoint.

Belfair's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Shelton, WA

Belfair is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Belfair, WA. Anonymous, moderated, never written by AI.

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Avg Home Value
$493,858
Avg Monthly Rent
$2,134
1% Rule
✗ Below
Landlord Friendly (WA)

📉 Market Crash Risk Index

Based on Shelton, WA metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
50%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Shelton, WA metro
0
Days to pending
10.0%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Belfair, WA

Screen every ZIP in Belfair

Filter Belfair’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Belfair, WA

Is WA a landlord-friendly state?

For rental operators, Belfair, WA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.

How deep is the rental pool in Belfair, WA?

Tenant quality in Belfair, WA ranks as solid. Landlords generally report predictable occupancy at market rents of $2,134/mo.

What is the average home sale price in Belfair, WA?

The median home value in Belfair, WA is roughly $494K. That puts it reasonable relative to the WA statewide average.

How do experienced investors play Belfair, WA?

Most investors in Belfair, WA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.

Does house hacking make sense in Belfair, WA?

House hacking in Belfair, WA is a challenging. With home values around $494K and rents at $2,134/mo, owner-occupants can offset a meaningful share of PITI.

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