Real Estate Investing in Shoreline, Washington (98177)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98177 (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 25.5 — hard to cash-flow at these prices.
What’s happening in Shoreline, WA (98177)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98177 Shoreline
In practical terms, ZIP 98177 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $1.1M median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $1.1M asset, 98177 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 98177 among WA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 98177 includes headwinds that any investor should price in. Income distribution skews lower than Shoreline averages, and tenant stability requires active management.
tilts toward 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 Shoreline:
Property Strategy for 98177
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $685,756 | $2,270 | 2.4% | +2.6% | $685,756 |
| 2BR | $740,661 | $2,650 | 2.6% | +4.1% | $370,331 |
| 3BR | $978,473 | $3,470 | 2.6% | +5.0% | $326,158 |
| 4BR | $1,289,203 | $4,080 | 2.3% | +6.3% | $322,301 |
| 5BR | $1,557,150 | — | — | +6.8% | $311,430 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98177 Compare?
| Metric | 98177 | Shoreline | Seattle-Tacoma-Bellevue, WA | Washington |
|---|---|---|---|---|
| Home Value | $1,130,530 | $900,218 | N/A | $591,536 |
| 5-Year CAGR | 3.1% | 2.5% | N/A | 5.9% |
| Avg Rent | $3,688 | $2,618 | N/A | - |
| Cap Rate | 2.5% | 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 98177 (Shoreline, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98177 (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 | $1,130,530 |
| Monthly Rent | $3,688 |
| Price-to-Rent | 25.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | -2.6% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). 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 98177
Population: 20,506
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 98177
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Broadview-Thomson K-8 School
Echo Lake Elementary School
Meridian Park Elementary School
Highland Terrace Elementary
Parkwood 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 7,253 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Shoreline in WA worth investing in?
Our data puts Shoreline, WA at 3.0/5 for investability. Home prices of $1.1M and rents around $3,688/mo create a solid backdrop for investor activity.
Where do home prices stand in Shoreline, WA?
Shoreline, WA home values average about $1.1M. That price point suits investors targeting rentals with $3,688/mo in monthly income.
What monthly rent should investors expect in Shoreline, WA?
Average rent in Shoreline, WA is approximately $3,688/mo per month. Against $1.1M home values that yields a reasonable rent-to-price ratio.
Is Shoreline, WA good for house hacking?
House hacking in Shoreline, WA is a tougher. With home values around $1.1M and rents at $3,688/mo, owner-occupants can offset a meaningful share of PITI.
What are vacancy rates like in Shoreline, WA?
Shoreline, WA sees elevated vacancy, which is reasonable relative to the broader WA rental market.
You know 98177 now. You don’t know where it ranks.
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How 98177 ranks in Seattle-Tacoma-Bellevue, WA
Every ZIP in this metro, ranked. Free.
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