Real Estate Investing in Pacific, Washington (98047)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98047 (Pacific, 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.
What’s happening in Pacific, WA (98047)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98047 Pacific
The 98047 ZIP covers a section of Pacific that demands careful diligence. Prices near $551K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $551K asset, 98047 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 98047 among WA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A resilient renter share of 49% in 98047 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 98047 is an operator game, not a passive one. Stepping back, entry prices of $551K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Pacific:
Property Strategy for 98047
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $411,866 | $2,170 | 3.8% | +5.4% | $205,933 |
| 3BR | $523,711 | $2,850 | 3.9% | +7.2% | $174,570 |
| 4BR | $608,791 | $3,340 | 4.0% | +7.0% | $152,198 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98047 Compare?
| Metric | 98047 | Pacific | Seattle-Tacoma-Bellevue, WA | Washington |
|---|---|---|---|---|
| Home Value | $550,883 | $550,883 | N/A | $591,536 |
| 5-Year CAGR | 3.4% | 3.4% | N/A | 5.9% |
| Avg Rent | $1,879 | $1,879 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
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 98047 (Pacific, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98047 (Pacific, 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 | $550,883 |
| Monthly Rent | $1,879 |
| Price-to-Rent | 24.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 6.1% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 Rent Trends
| 1-Year | -4.5% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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 98047
Population: 6,900
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 98047
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 10,813 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Pacific, WA a good place for real estate investing?
Pacific, WA rates 3.0/5 for investability. With median values at $551K and rents near $1,879/mo, the market offers reasonable fundamentals for rental investors.
How strong is tenant demand in Pacific, WA?
Tenant demand in Pacific, WA is solid. The local workforce $1,879/mo rents across most rental classes.
How should investors approach Pacific, WA?
The best-fit strategy in Pacific, WA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Can I house hack in Pacific, WA?
For house hackers, Pacific, WA is a challenging. The $1,879/mo rent on a unit helps defray the mortgage on a $551K property.
What is the rental occupancy rate in Pacific, WA?
Vacancy risk in Pacific, WA is elevated. That supports measured cash flow for typical rental holds.
You know 98047 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98047 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 98047 ranks in Seattle-Tacoma-Bellevue, WA
Every ZIP in this metro, ranked. Free.
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