Real Estate Investing in Port Townsend, Washington

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

1 ZIP codes • Population: 17,401 • Jefferson County

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

🏠 For Homebuyers
WEAK FIT
Grade F (39/100)

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
  • Elevated vacancy: 10.8% vacancy may signal weakening demand.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

2.8% 5yr CAGR

1.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.95% as of Sep 17 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $643,169
Avg Monthly Rent $2,374
ZIP Codes 1

Investing in Port Townsend Real Estate

Port Townsend (Washington) spans 1 ZIPs and roughly a sizable population. clearly the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.

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. Port Townsend is in that category.

The $2,374/mo / $643K relationship in Port Townsend looks soft once vacancy and capex are incorporated into underwriting. appears to the realized yield tends to disappoint.

Distressed-leaning demographics in Port Townsend — 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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Landlord Ground Truth

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

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Avg Home Value
$643,169
Avg Monthly Rent
$2,374
1% Rule
✗ Below
Landlord Friendly (WA)

ZIP Codes in Port Townsend, WA

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Filter Port Townsend’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 Port Townsend, WA

What are home prices like in Port Townsend, WA?

In Port Townsend, WA the median home value sits at $643K. Against the broader WA market, that reads as reasonable for most investors.

How do landlord-tenant laws work in Port Townsend, WA?

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

Should investors worry about vacancy in Port Townsend, WA?

Vacancy risk in Port Townsend, WA is elevated. That supports reliable cash flow for typical rental holds.

What strategy should investors use in Port Townsend, WA?

In Port Townsend, WA the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $643K prices and $2,374/mo rents suits that approach.

What is the tenant pool like in Port Townsend, WA?

Port Townsend, WA draws a stable base of working renters. Demand at the $2,374/mo rent level is reasonable for standard single-family and small multi rentals.

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