Real Estate Investing in Vashon, Washington (98070)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98070 (Vashon, WA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 16.8% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 28.9 — hard to cash-flow at these prices.
What’s happening in Vashon, WA (98070)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98070 Vashon
ZIP 98070 inside King County looks affordable on the surface — median value of $902K — but the discount exists for reasons that a careful buyer should understand before committing.
Put differently, the numbers look inviting — $902K purchase price, 0.0% nominal cap — the work to hit that pro forma in 98070 is substantial and deserves full respect.
Within WA, ZIP 98070 trails on several market indicators that neighboring King County submarkets outperform. The gap is real and impressive enough to shape underwriting.
Who lives in 98070 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 98070 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Vashon:
Property Strategy for 98070
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $658,754 | $1,850 | 2.0% | +4.2% | $658,754 |
| 2BR | $796,216 | $2,160 | 2.0% | +4.7% | $398,108 |
| 3BR | $953,540 | $2,850 | 2.2% | +5.5% | $317,847 |
| 4BR | $1,078,557 | $3,320 | 2.2% | +5.9% | $269,639 |
| 5BR | $1,184,920 | — | — | +5.9% | $236,984 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98070 Compare?
| Metric | 98070 | Vashon | Seattle-Tacoma-Bellevue, WA | Washington |
|---|---|---|---|---|
| Home Value | $901,908 | $901,908 | N/A | $591,536 |
| 5-Year CAGR | 1.7% | 1.7% | N/A | 5.9% |
| Avg Rent | $2,600 | $2,600 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
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 98070 (Vashon, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98070 (Vashon, 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 | $901,908 |
| Monthly Rent | $2,600 |
| Price-to-Rent | 28.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 4.0% |
📈 Home Appreciation
| 1-Year | +0.0% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +1.7% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.3%). 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 98070
Population: 10,424
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 98070
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 7,297 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the median home value in Vashon, WA?
Typical homes in Vashon, WA go for around $902K. The 5-year CAGR of 0.0% even-keeled price movement.
What is the rental occupancy rate in Vashon, WA?
Occupancy in Vashon, WA runs predictable with elevated vacancy. Well-priced units at $2,600/mo lease on reasonable timelines.
What is the tenant pool like in Vashon, WA?
Expect a solid tenant pool in Vashon, WA. The rental market absorbs $2,600/mo rents without meaningful friction.
Where do rents currently stand in Vashon, WA?
Investors in Vashon, WA typically see rents near $2,600/mo per month against $902K home values - a solid setup for rental cash flow.
Can I house hack in Vashon, WA?
Vashon, WA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,600/mo rent level.
You know 98070 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98070 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 98070 ranks in Seattle-Tacoma-Bellevue, WA
Every ZIP in this metro, ranked. Free.
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