Real Estate Investing in Sammamish, Washington (98074)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98074 (Sammamish, 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.
- 1-year downturn: Values declined 3.6% in the last year.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 34.1 — hard to cash-flow at these prices.
What’s happening in Sammamish, WA (98074)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98074 Sammamish
The 98074 ZIP covers a section of Sammamish that demands careful diligence. Prices near $1.5M look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 98074 can be a a solid fit for hunting ground — but the discount at $1.5M reflects genuine risk that outside investors often underestimate.
ZIP 98074'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.
Employment concentration in 98074 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. healthy returns are possible in 98074, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Sammamish:
Property Strategy for 98074
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $396,040 | $2,950 | 5.4% | +5.4% | $396,040 |
| 2BR | $777,670 | $3,440 | 3.2% | +6.4% | $388,835 |
| 3BR | $1,215,872 | $4,500 | 2.7% | +9.3% | $405,291 |
| 4BR | $1,704,023 | $5,290 | 2.2% | +10.3% | $426,006 |
| 5BR | $2,192,799 | — | — | +10.3% | $438,560 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98074 Compare?
| Metric | 98074 | Sammamish | Seattle-Tacoma-Bellevue, WA | Washington |
|---|---|---|---|---|
| Home Value | $1,542,278 | $1,658,050 | N/A | $591,536 |
| 5-Year CAGR | 4.4% | 4.5% | N/A | 5.9% |
| Avg Rent | $3,769 | $3,923 | N/A | - |
| Cap Rate | 1.9% | 1.9% | - | - |
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 98074 (Sammamish, 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 | $1,542,278 |
| Monthly Rent | $3,769 |
| Price-to-Rent | 34.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | -3.6% ▼ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 Rent Trends
| 1-Year | -5.7% ▼ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +3.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.9%). 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 98074
Population: 30,850
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 98074
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Cedar Trails Elementary
Cascade Ridge Elementary
Creekside Elementary
Discovery Elementary
Sunny Hills Elementary
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 12,082 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Sammamish, WA?
With a 3.0/5 investability score, Sammamish, WA ranks as a solid market for rental property investors. Median prices of $1.5M and rents of $3,769/mo drive the underlying numbers.
What is the median home value in Sammamish, WA?
Typical homes in Sammamish, WA go for around $1.5M. The 5-year CAGR of 0.0% stable price movement.
What is the rental occupancy rate in Sammamish, WA?
Occupancy in Sammamish, WA runs consistent with elevated vacancy. Well-priced units at $3,769/mo lease on reasonable timelines.
Are renters plentiful in Sammamish, WA?
Working renters make up the core of the Sammamish, WA tenant base. The pool is reasonable for investors targeting long-term holds.
How should investors approach Sammamish, WA?
Most investors in Sammamish, WA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 98074 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98074 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 98074 ranks in Seattle-Tacoma-Bellevue, WA
Every ZIP in this metro, ranked. Free.
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