Real Estate Investing in Bothell, Washington (98011)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98011 (Bothell, WA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 36.9 — hard to cash-flow at these prices.
What’s happening in Bothell, WA (98011)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98011 Bothell
Investors eyeing 98011 need to respect the fundamentals at play. Home values of $1.0M come alongside slower price movement and elevated management overhead.
The investment case in 98011 is solid only for operators who understand what they are buying. A $1.0M median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 98011 and stronger Bothell ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 98011 ZIP's population of 28,250 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
The 98011 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Bothell:
Property Strategy for 98011
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $336,918 | $2,320 | 5.0% | +4.7% | $336,918 |
| 2BR | $529,390 | $2,700 | 3.7% | +7.1% | $264,695 |
| 3BR | $954,570 | $3,530 | 2.7% | +8.2% | $318,190 |
| 4BR | $1,220,557 | $4,150 | 2.4% | +8.8% | $305,139 |
| 5BR | $1,643,641 | — | — | +10.1% | $328,728 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98011 Compare?
| Metric | 98011 | Bothell | Seattle-Tacoma-Bellevue, WA | Washington |
|---|---|---|---|---|
| Home Value | $1,021,532 | $1,026,156 | N/A | $591,536 |
| 5-Year CAGR | 4.4% | 4.2% | N/A | 5.9% |
| Avg Rent | $2,305 | $2,778 | N/A | - |
| Cap Rate | 1.8% | 2.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 98011 (Bothell, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98011 (Bothell, WA)?
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Property managers serving King County
Manage rentals here? List your business →Alki Property Management LLC specializes in apartment rentals. summary from their website
Brink Property Management offers residential property management and vacant home management services in Bellevue, providing marketing, tenant screening, rent collection, and maintenance. summary from their website
Full Service Property Management offers compassionate property management across Metro Seattle, including multi-family management, property marketing, and maintenance services. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $1,021,532 |
| Monthly Rent | $2,305 |
| Price-to-Rent | 36.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.8% |
| 5-Year IRR | 6.1% |
📈 Home Appreciation
| 1-Year | -1.2% ▼ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 Rent Trends
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +3.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 98011
Population: 28,250
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 98011
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Frank Love Elementary
Arrowhead Elementary
Innovation Lab High School
Helen Keller Elementary
John Muir Elementary
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 5,642 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong are rents in Bothell, WA?
The typical rental in Bothell, WA commands about $2,305/mo monthly. That rent profile predictable cash flow against the $1.0M purchase basis.
What kind of tenants rent in Bothell, WA?
Bothell, WA offers a consistent renter base at the $2,305/mo rent level. Tenant turnover is reasonable for well-managed properties.
Where do home prices stand in Bothell, WA?
Bothell, WA median home values land near $1.0M. That is reasonable territory for investors looking at $2,305/mo-per-month rentals.
What is it like being a landlord in Bothell, WA?
WA ranks as a tenant-protective state for landlord-tenant law. Bothell generally follows the statewide framework, so landlords face reasonable operating rules.
How strong is Bothell, WA for real estate investors?
Bothell, WA rates 3.0/5 for investability. With median values at $1.0M and rents near $2,305/mo, the market offers reasonable fundamentals for rental investors.
You know 98011 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98011 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 98011 ranks in Seattle-Tacoma-Bellevue, WA
Every ZIP in this metro, ranked. Free.
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