Real Estate Investing in Kalama, Washington

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

1 ZIP codes • Population: 7,020 • Cowlitz County

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

🏠 For Homebuyers
CAUTION
Grade D (49/100)

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

📈 For Investors
WEAK
2.0 / 5 (33/100)

Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.

⚠️ Risks to Know
1 flag
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

What’s happening in Kalama, WA?

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2.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

2.8% 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 $548,119
Avg Monthly Rent $1,386
ZIP Codes 1

Investing in Kalama Real Estate

Kalama, WA covers 1 ZIP codes and a population but the investment metrics here are tepid — this is not a market to enter casually.

The investment case for Kalama is difficult to make on screen data alone. a harder case for a 2.0 rating and a cap rate of 0.0% that looks fine only until you underwrite the vacancy.

Rents in Kalama at $1,386/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

Distressed-leaning demographics in Kalama — soft income growth, high rent burden, population shifts — are among the reasons the ★★☆☆☆ rating sits where it does.

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 Longview, WA

Kalama 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 Kalama, WA. Anonymous, moderated, never written by AI.

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Avg Home Value
$548,119
Avg Monthly Rent
$1,386
1% Rule
✗ Below
Landlord Friendly (WA)

📉 Market Crash Risk Index

Based on Longview, WA metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
36%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Longview, WA metro
0
Days to pending
10.2%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Kalama, WA

Screen every ZIP in Kalama

Filter Kalama’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 Kalama, WA

Are homes affordable in Kalama, WA?

In Kalama, WA the median home value sits at $548K. Against the broader WA market, that reads as reasonable for most investors.

Which investment style suits Kalama, WA?

Kalama, WA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($548K prices, $1,386/mo rents) make it a reasonable choice.

Is it easy to find good tenants in Kalama, WA?

Kalama, WA draws a measured base of working renters. Demand at the $1,386/mo rent level is reasonable for standard single-family and small multi rentals.

Is Kalama, WA a smart market for rental property?

Investors tracking Kalama, WA will find a 2.0/5 rating supported by $548K median home values and $1,386/mo rents. That profile suits long-term holders targeting consistent returns.

Are eviction rules reasonable in Kalama, WA?

The landlord environment in Kalama, WA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.

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