Real Estate Investing in Lynnwood, Washington (98087)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98087 (Lynnwood, 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 26.9 — hard to cash-flow at these prices.
What’s happening in Lynnwood, WA (98087)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98087 Lynnwood
Investors eyeing 98087 need to respect the fundamentals at play. Home values of $728K come alongside slower price movement and elevated management overhead.
In practical terms, the numbers look inviting — $728K purchase price, 0.0% nominal cap — the work to hit that pro forma in 98087 is substantial and deserves full respect.
Regionally, 98087 sits on the difficult end of the WA spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 98087 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 98087 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Lynnwood:
Property Strategy for 98087
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $269,100 | $2,160 | 5.8% | +3.1% | $269,100 |
| 2BR | $469,241 | $2,520 | 3.9% | +5.7% | $234,620 |
| 3BR | $705,200 | $3,300 | 3.4% | +7.1% | $235,067 |
| 4BR | $834,483 | $3,880 | 3.3% | +7.7% | $208,621 |
| 5BR | $1,020,122 | — | — | +8.8% | $204,024 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98087 Compare?
| Metric | 98087 | Lynnwood | Seattle-Tacoma-Bellevue, WA | Washington |
|---|---|---|---|---|
| Home Value | $728,033 | $795,529 | N/A | $591,536 |
| 5-Year CAGR | 3.1% | 3.5% | N/A | 5.9% |
| Avg Rent | $2,252 | $2,206 | N/A | - |
| Cap Rate | 2.4% | 2.2% | - | - |
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 98087 (Lynnwood, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98087 (Lynnwood, WA)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Snohomish County
Manage rentals here? List your business →inTrust Property Management offers HOA Management Services in King & Snohomish Counties. summary from their website
Haven Property Management is a full-service residential management company based in Federal Way, WA, covering the Greater Puget Sound area. summary from their website
Navigate Community Management provides community management 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 | $728,033 |
| Monthly Rent | $2,252 |
| Price-to-Rent | 26.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | -1.2% ▼ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +3.6% ▲ |
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 98087
Population: 40,607
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 98087
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Challenger Elementary
Fairmount Elementary
Horizon Elementary
Martha Lake Elementary
Oak Heights 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 12,483 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Which real estate strategy fits Lynnwood, WA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Lynnwood, WA. The numbers - $728K homes against $2,252/mo rents - support that play.
What do rentals go for in Lynnwood, WA?
Average rent in Lynnwood, WA is approximately $2,252/mo per month. Against $728K home values that yields a reasonable rent-to-price ratio.
What kind of tenants rent in Lynnwood, WA?
Lynnwood, WA offers a stable renter base at the $2,252/mo rent level. Tenant turnover is reasonable for well-managed properties.
Does Lynnwood, WA make sense for an investment property?
The 3.0/5 investability rating in Lynnwood, WA reflects its $728K prices and $2,252/mo rents. Investors generally consider it a solid option within WA.
Is WA a landlord-friendly state?
The landlord environment in Lynnwood, WA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
You know 98087 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98087 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 98087 ranks in Seattle-Tacoma-Bellevue, WA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 98087 (Lynnwood)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 98087 (Lynnwood, WA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.