Real Estate Investing in Shoreline, Washington (98155)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98155 (Shoreline, 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 30.4 — hard to cash-flow at these prices.
What’s happening in Shoreline, WA (98155)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98155 Shoreline
ZIP 98155 in Shoreline, WA carries a resilient set of headwinds. Home values near $822K and rents of $2,253/mo sit inside a market where underwriting has to be tight.
The investment case in 98155 is durable only for operators who understand what they are buying. A $822K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 98155 and stronger Shoreline ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 98155 ZIP's population of 35,906 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Distressed ZIPs reward experience. impressive returns are possible in 98155, 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 Shoreline:
Property Strategy for 98155
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $306,809 | $2,130 | 5.0% | +1.2% | $306,809 |
| 2BR | $581,317 | $2,480 | 3.1% | +4.7% | $290,658 |
| 3BR | $782,150 | $3,240 | 3.0% | +5.1% | $260,717 |
| 4BR | $970,736 | $3,810 | 2.8% | +5.8% | $242,684 |
| 5BR | $1,139,847 | — | — | +6.6% | $227,969 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98155 Compare?
| Metric | 98155 | Shoreline | Seattle-Tacoma-Bellevue, WA | Washington |
|---|---|---|---|---|
| Home Value | $821,969 | $900,218 | N/A | $591,536 |
| 5-Year CAGR | 2.3% | 2.5% | N/A | 5.9% |
| Avg Rent | $2,253 | $2,618 | N/A | - |
| Cap Rate | 2.1% | 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 98155 (Shoreline, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98155 (Shoreline, 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 | $821,969 |
| Monthly Rent | $2,253 |
| Price-to-Rent | 30.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 4.5% |
📈 Home Appreciation
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +2.3% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | -5.8% ▼ |
| 3-Year CAGR | 0.0% ▼ |
| 5-Year CAGR | +2.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.1%). 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 98155
Population: 35,906
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 98155
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 11,217 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Shoreline, WA better for rentals, flips, or BRRRR?
A careful cash-flow rentals with hands-on management strategy Shoreline, WA best. The market produces predictable results for that approach at the $822K price point.
Are renters plentiful in Shoreline, WA?
Tenant demand in Shoreline, WA is solid. The local workforce $2,253/mo rents across most rental classes.
Are landlord laws favorable in Shoreline, WA?
WA ranks as a tenant-protective state for landlord-tenant law. Shoreline generally follows the statewide framework, so landlords face reasonable operating rules.
Is Shoreline, WA a good market for FHA house hackers?
The a challenging house-hack environment in Shoreline, WA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How much does a house cost in Shoreline, WA?
Shoreline, WA home values average about $822K. That price point suits investors targeting rentals with $2,253/mo in monthly income.
You know 98155 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98155 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 98155 ranks in Seattle-Tacoma-Bellevue, WA
Every ZIP in this metro, ranked. Free.
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