Real Estate Investing in Renton, Washington (98058)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98058 (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.
- High price-to-rent: Price-to-rent ratio 27.0 — hard to cash-flow at these prices.
What’s happening in Renton, WA (98058)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98058 Renton
Not every below-median market is a bargain. Renton's 98058 ZIP reports signals that favor experienced operators who can absorb the risk $729K pricing implies.
The investment case in 98058 is resilient only for operators who understand what they are buying. A $729K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 98058 sits on the difficult end of the WA spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 98058 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 98058 is an operator game, not a passive one. From an investor standpoint, entry prices of $729K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Renton:
Property Strategy for 98058
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $255,112 | $2,200 | 6.2% | +4.4% | $255,112 |
| 2BR | $407,713 | $2,560 | 4.5% | +6.0% | $203,856 |
| 3BR | $672,087 | $3,350 | 3.6% | +6.9% | $224,029 |
| 4BR | $804,318 | $3,940 | 3.5% | +7.3% | $201,079 |
| 5BR | $921,024 | — | — | +8.0% | $184,205 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98058 Compare?
| Metric | 98058 | Renton | Seattle-Tacoma-Bellevue, WA | Washington |
|---|---|---|---|---|
| Home Value | $728,760 | $749,484 | N/A | $591,536 |
| 5-Year CAGR | 3.4% | 3.2% | N/A | 5.9% |
| Avg Rent | $2,251 | $2,249 | N/A | - |
| Cap Rate | 2.4% | 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 98058 (Renton, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98058 (Renton, 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 | $728,760 |
| Monthly Rent | $2,251 |
| Price-to-Rent | 27.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +3.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.4%). 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 98058
Population: 41,980
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 98058
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 17,476 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Renton, WA a good market for buy-and-hold investors?
Investors tracking Renton, WA will find a 3.0/5 rating supported by $729K median home values and $2,251/mo rents. That profile suits long-term holders targeting steady returns.
What kind of vacancy should I budget for in Renton, WA?
Occupancy in Renton, WA runs steady with elevated vacancy. Well-priced units at $2,251/mo lease on reasonable timelines.
What is the average monthly rent in Renton, WA?
Expect rents around $2,251/mo per month in Renton, WA. With home values at $729K, the yield math works out to reasonable levels for rental investors.
What investment strategy works best in Renton, WA?
In Renton, WA the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $729K prices and $2,251/mo rents suits that approach.
Is Renton, WA good for landlords?
Renton, WA falls under WA landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
You know 98058 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98058 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 98058 ranks in Seattle-Tacoma-Bellevue, WA
Every ZIP in this metro, ranked. Free.
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