Real Estate Investing in Bainbridge Island, Washington (98110)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98110 (Bainbridge Island, 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 32.9 — hard to cash-flow at these prices.
What’s happening in Bainbridge Island, WA (98110)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98110 Bainbridge Island
Put differently, ZIP 98110 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $1.2M median. It rewards specialists, not generalists.
Stepping back, the numbers look inviting — $1.2M purchase price, 0.0% nominal cap — the work to hit that pro forma in 98110 is substantial and deserves full respect.
ZIP 98110's metrics run below Kitsap County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 98110 ZIP's population of 24,607 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Bainbridge Island:
Property Strategy for 98110
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $562,690 | $1,870 | 2.4% | +1.8% | $562,690 |
| 2BR | $822,258 | $2,460 | 2.2% | +4.6% | $411,129 |
| 3BR | $1,184,249 | $3,240 | 2.0% | +6.6% | $394,750 |
| 4BR | $1,556,958 | $3,560 | 1.6% | +7.6% | $389,240 |
| 5BR | $1,814,251 | — | — | +7.2% | $362,850 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98110 Compare?
| Metric | 98110 | Bainbridge Island | Bremerton-Silverdale-Port Orchard, WA | Washington |
|---|---|---|---|---|
| Home Value | $1,203,188 | $1,203,188 | N/A | $591,536 |
| 5-Year CAGR | 2.9% | 2.9% | N/A | 5.9% |
| Avg Rent | $3,050 | $3,050 | N/A | - |
| Cap Rate | 2.0% | 2.0% | - | - |
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 98110 (Bainbridge Island, WA). Anonymous, moderated, never written by AI.
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Property managers serving Kitsap County
Manage rentals here? List your business →Olympic Property Management LLC provides residential management services for individuals and families in north Kitsap County from their office on Bainbridge Island. summary from their website
Details Property Management provides property management services in Kitsap County. summary from their website
Paramount Property Management Group provides property management services for houses and homes for rent in Port Orchard. 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 | $1,203,188 |
| Monthly Rent | $3,050 |
| Price-to-Rent | 32.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 2.0% |
| 5-Year IRR | 4.9% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | -7.6% ▼ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | +2.5% ▲ |
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 98110
Population: 24,607
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 98110
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 2,598 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Bainbridge Island, WA a good investment right now?
Bainbridge Island, WA scores 2.0/5 for investability. Home values sit at $1.2M and rents near $3,050/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Do rentals sit vacant long in Bainbridge Island, WA?
Rental vacancy in Bainbridge Island, WA is elevated. Investors should budget normal turnover but not chronic empty units.
How viable is house hacking in Bainbridge Island, WA?
The house hack math a tougher in Bainbridge Island, WA. Owner-occupant buyers benefit from the $3,050/mo rents and $1.2M home values.
Are homes affordable in Bainbridge Island, WA?
Bainbridge Island, WA median home values land near $1.2M. That is reasonable territory for investors looking at $3,050/mo-per-month rentals.
What monthly rent should investors expect in Bainbridge Island, WA?
Average rent in Bainbridge Island, WA is approximately $3,050/mo per month. Against $1.2M home values that yields a reasonable rent-to-price ratio.
You know 98110 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98110 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 98110 ranks in Bremerton-Silverdale-Port Orchard, WA
Every ZIP in this metro, ranked. Free.
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