Real Estate Investing in College Place, Washington

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

1 ZIP codes • Population: 10,171 • Walla Walla County

☆ Watch this market Free account

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

🏠 For Homebuyers
CAUTION
Grade D (40/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 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
  • Elevated vacancy: 8.9% vacancy may signal weakening demand.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

What’s happening in College Place, WA?

Click any question — our AI will research it live from the web and show you sources.

✨ Live AI + Web Search
Want to ask your own questions? Upgrade to Pro for unlimited custom queries.
3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

3.7% 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 $412,229
Avg Monthly Rent $1,353
ZIP Codes 1

Investing in College Place Real Estate

Across College Place's 1 ZIPs, the picture is lackluster: $412K median values, $1,353/mo rents, and a population that has faced real economic pressure.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. College Place is in that category.

Rent trends and price trends in College Place are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Washington.

College Place'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.
Open the Market Finder →
Free to search · investor plans from $19/mo

Best ZIP codes in Walla Walla, WA

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

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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

Do you own or manage rentals in College Place, WA?

~25 seconds · no account needed · your report is anonymous

Avg Home Value
$412,229
Avg Monthly Rent
$1,353
1% Rule
✗ Below
Landlord Friendly (WA)

📉 Market Crash Risk Index

Based on Walla Walla, WA metro

2/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
2/3
63%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Walla Walla, WA metro
0
Days to pending
8.7%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

🎓 Colleges & Universities in College Place

1 College 1,397 Students
C+
Walla Walla University
4-Year Private · 1,397 students

ZIP Codes in College Place, WA

Screen every ZIP in College Place

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

View Plans

Frequently Asked Questions About College Place, WA

What kind of market is College Place, WA for investors?

With a 3.0/5 investability score, College Place, WA ranks as a solid market for rental property investors. Median prices of $412K and rents of $1,353/mo drive the underlying numbers.

How much do tenants pay in College Place, WA?

Average rent in College Place, WA is approximately $1,353/mo per month. Against $412K home values that yields a reasonable rent-to-price ratio.

What kind of vacancy should I budget for in College Place, WA?

Vacancy risk in College Place, WA is elevated. That supports steady cash flow for typical rental holds.

Which investment style suits College Place, WA?

For College Place, WA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.

How expensive is real estate in College Place, WA?

Expect median prices around $412K in College Place, WA. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.

Community Ratings

What people who’ve spent time here actually say. Not paid reviews.

Be the first to rate College Place, WA.

It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.