Real Estate Investing in Issaquah, Washington (98027)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98027 (Issaquah, WA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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 35.5 — hard to cash-flow at these prices.
What’s happening in Issaquah, WA (98027)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98027 Issaquah
The 98027 ZIP in Issaquah, WA is a local-operator market. Outside capital chasing a $1.2M entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 98027 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 98027 among WA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 98027 includes headwinds that any investor should price in. Income distribution skews lower than Issaquah averages, and tenant stability requires active management.
The 98027 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 Issaquah:
Property Strategy for 98027
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $378,054 | $2,510 | 4.8% | +4.2% | $378,054 |
| 2BR | $585,385 | $2,920 | 3.6% | +5.6% | $292,692 |
| 3BR | $1,067,402 | $3,820 | 2.6% | +7.8% | $355,801 |
| 4BR | $1,478,897 | $4,490 | 2.2% | +8.9% | $369,724 |
| 5BR | $1,701,801 | — | — | +9.5% | $340,360 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98027 Compare?
| Metric | 98027 | Issaquah | Seattle-Tacoma-Bellevue, WA | Washington |
|---|---|---|---|---|
| Home Value | $1,183,829 | $1,245,908 | N/A | $591,536 |
| 5-Year CAGR | 4.5% | 4.1% | N/A | 5.9% |
| Avg Rent | $2,780 | $2,819 | N/A | - |
| Cap Rate | 1.8% | 1.8% | - | - |
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 98027 (Issaquah, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98027 (Issaquah, 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 | $1,183,829 |
| Monthly Rent | $2,780 |
| Price-to-Rent | 35.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 Rent Trends
| 1-Year | -1.7% ▼ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +3.5% ▲ |
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 98027
Population: 28,335
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 98027
Schools in This ZIP Code
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 6,440 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Issaquah, WA landlord-friendly?
WA law tenant-protective for landlords, and Issaquah inherits those rules. Investors should still review local ordinances for rental licensing.
Is Issaquah, WA a good market for buy-and-hold investors?
Our data puts Issaquah, WA at 3.0/5 for investability. Home prices of $1.2M and rents around $2,780/mo create a solid backdrop for investor activity.
How qualified is the tenant pool in Issaquah, WA?
Expect a solid tenant pool in Issaquah, WA. The rental market absorbs $2,780/mo rents without meaningful friction.
What is the typical rental rate in Issaquah, WA?
The typical rental in Issaquah, WA commands about $2,780/mo monthly. That rent profile steady cash flow against the $1.2M purchase basis.
What is the median home value in Issaquah, WA?
Expect median prices around $1.2M in Issaquah, WA. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
You know 98027 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98027 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 98027 ranks in Seattle-Tacoma-Bellevue, WA
Every ZIP in this metro, ranked. Free.
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