Real Estate Investing in Bryn Mawr-Skyway, Washington (98178)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98178 (Bryn Mawr-Skyway, 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 27.4 — hard to cash-flow at these prices.
What’s happening in Bryn Mawr-Skyway, WA (98178)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98178 Bryn Mawr-Skyway
The 98178 ZIP in Bryn Mawr-Skyway, WA is a local-operator market. Outside capital chasing a $656K entry has to pair deep knowledge with the discount.
The investment case in 98178 is impressive only for operators who understand what they are buying. A $656K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Bryn Mawr-Skyway have seen price recovery that 98178 has not matched. King County data supports the view that the spread is structural rather than temporary.
Who lives in 98178 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 98178 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 Bryn Mawr-Skyway:
Property Strategy for 98178
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $371,096 | $2,020 | 3.9% | +3.1% | $371,096 |
| 2BR | $495,898 | $2,360 | 3.4% | +4.5% | $247,949 |
| 3BR | $626,854 | $3,090 | 3.5% | +4.6% | $208,951 |
| 4BR | $720,352 | $3,630 | 3.6% | +4.7% | $180,088 |
| 5BR | $806,277 | — | — | +4.8% | $161,255 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98178 Compare?
| Metric | 98178 | Bryn Mawr-Skyway | Seattle-Tacoma-Bellevue, WA | Washington |
|---|---|---|---|---|
| Home Value | $655,582 | $655,582 | N/A | $591,536 |
| 5-Year CAGR | 1.9% | 1.9% | N/A | 5.9% |
| Avg Rent | $1,992 | $1,992 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
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 98178 (Bryn Mawr-Skyway, 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 | $655,582 |
| Monthly Rent | $1,992 |
| Price-to-Rent | 27.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 4.2% |
📈 Home Appreciation
| 1-Year | +1.0% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +1.9% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | -3.8% ▼ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | N/A |
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 98178
Population: 25,929
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 98178
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Tukwila Elementary
Beverly Park Elem at Glendale
Glacier Middle School
Hazelwood Elementary School
Highlands Elementary School
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 12,390 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much do tenants pay in Bryn Mawr-Skyway, WA?
Rent in Bryn Mawr-Skyway, WA is around $1,992/mo. The resulting rent-to-value relationship with $656K pricing is reasonable for most investor models.
Are there empty rentals in Bryn Mawr-Skyway, WA?
Vacancy in Bryn Mawr-Skyway, WA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,992/mo.
Which real estate strategy fits Bryn Mawr-Skyway, WA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Bryn Mawr-Skyway, WA. The numbers - $656K homes against $1,992/mo rents - support that play.
What is it like being a landlord in Bryn Mawr-Skyway, WA?
WA ranks as a tenant-protective state for landlord-tenant law. Bryn Mawr-Skyway generally follows the statewide framework, so landlords face reasonable operating rules.
What are home prices like in Bryn Mawr-Skyway, WA?
The median home value in Bryn Mawr-Skyway, WA is roughly $656K. That puts it reasonable relative to the WA statewide average.
You know 98178 now. You don’t know where it ranks.
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How 98178 ranks in Seattle-Tacoma-Bellevue, WA
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