Real Estate Investing in Renton, Washington (98057)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98057 (Renton, 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.
What’s happening in Renton, WA (98057)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98057 Renton
Not every below-median market is a bargain. Renton's 98057 ZIP reports signals that favor experienced operators who can absorb the risk $564K pricing implies.
For an experienced owner, 98057 can be a a viable market for hunting ground — but the discount at $564K reflects genuine risk that outside investors often underestimate.
ZIP 98057's metrics run below King County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Stepping back, 12,151 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 98057 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Renton:
Property Strategy for 98057
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $290,766 | $1,900 | 4.7% | +3.0% | $290,766 |
| 2BR | $438,069 | $2,210 | 3.6% | +4.5% | $219,035 |
| 3BR | $603,539 | $2,890 | 3.4% | +5.3% | $201,180 |
| 4BR | $756,189 | $3,400 | 3.2% | +5.5% | $189,047 |
| 5BR | $869,784 | — | — | +6.3% | $173,957 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98057 Compare?
| Metric | 98057 | Renton | Seattle-Tacoma-Bellevue, WA | Washington |
|---|---|---|---|---|
| Home Value | $564,215 | $749,484 | N/A | $591,536 |
| 5-Year CAGR | 2.3% | 3.2% | N/A | 5.9% |
| Avg Rent | $2,241 | $2,249 | N/A | - |
| Cap Rate | 3.1% | 2.4% | - | - |
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 98057 (Renton, WA). Anonymous, moderated, never written by AI.
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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 | $564,215 |
| Monthly Rent | $2,241 |
| Price-to-Rent | 21.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +2.3% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 Rent Trends
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +2.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 98057
Population: 12,151
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 98057
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Lakeridge Elementary School
Rainier View Elementary School
Bryn Mawr Elementary School
Campbell Hill Elementary School
Dimmitt Middle School
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 12,390 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Renton, WA make sense for an investment property?
Renton, WA scores 3.0/5 for investability. Home values sit at $564K and rents near $2,241/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Which real estate strategy fits Renton, WA?
Investors usually favor careful cash-flow rentals with hands-on management in Renton, WA. With home values at $564K and rents near $2,241/mo, other strategies can work but produce steady rather than outsized returns.
What kind of vacancy should I budget for in Renton, WA?
Vacancy in Renton, WA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,241/mo.
Is housing expensive in Renton, WA?
The median home value in Renton, WA is roughly $564K. That puts it reasonable relative to the WA statewide average.
What are rental rates like in Renton, WA?
The typical rental in Renton, WA commands about $2,241/mo monthly. That rent profile measured cash flow against the $564K purchase basis.
You know 98057 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98057 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 98057 ranks in Seattle-Tacoma-Bellevue, WA
Every ZIP in this metro, ranked. Free.
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