Real Estate Investing in Renton, Washington (98059)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98059 (Renton, WA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 33.4 — hard to cash-flow at these prices.
What’s happening in Renton, WA (98059)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98059 Renton
The 98059 ZIP in Renton, WA is a local-operator market. Outside capital chasing a $951K entry has to pair deep knowledge with the discount.
Stepping back, the numbers look inviting — $951K purchase price, 0.0% nominal cap — the work to hit that pro forma in 98059 is substantial and deserves full respect.
Regionally, 98059 sits on the difficult end of the WA spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
From an investor standpoint, 41,639 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.
Strategy in 98059 is an operator game, not a passive one. On the rental side, entry prices of $951K 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 98059
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $352,475 | $2,310 | 4.7% | +3.8% | $352,475 |
| 2BR | $539,070 | $2,690 | 3.6% | +6.0% | $269,535 |
| 3BR | $765,416 | $3,520 | 3.3% | +6.7% | $255,139 |
| 4BR | $1,078,983 | $4,140 | 2.8% | +8.5% | $269,746 |
| 5BR | $1,344,902 | — | — | +9.0% | $268,980 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98059 Compare?
| Metric | 98059 | Renton | Seattle-Tacoma-Bellevue, WA | Washington |
|---|---|---|---|---|
| Home Value | $950,598 | $749,484 | N/A | $591,536 |
| 5-Year CAGR | 3.7% | 3.2% | N/A | 5.9% |
| Avg Rent | $2,374 | $2,249 | N/A | - |
| Cap Rate | 2.0% | 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 98059 (Renton, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98059 (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 | $950,598 |
| Monthly Rent | $2,374 |
| Price-to-Rent | 33.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 2.0% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | -7.5% ▼ |
| 3-Year CAGR | -0.4% ▼ |
| 5-Year CAGR | +1.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.0%). 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 98059
Population: 41,639
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 98059
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 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?
Our data puts Renton, WA at 2.0/5 for investability. Home prices of $951K and rents around $2,374/mo create a solid backdrop for investor activity.
How much is rent in Renton, WA?
Investors in Renton, WA typically see rents near $2,374/mo per month against $951K home values - a solid setup for rental cash flow.
What is it like being a landlord in Renton, WA?
Rental owners in Renton, WA deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
What kind of vacancy should I budget for in Renton, WA?
Renton, WA carries elevated vacancy risk. Expect predictable absorption at market rents of $2,374/mo.
How should investors approach Renton, WA?
The best-fit strategy in Renton, WA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 98059 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98059 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 98059 ranks in Seattle-Tacoma-Bellevue, WA
Every ZIP in this metro, ranked. Free.
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