Real Estate Investing in Everett, Washington (98201)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98201 (Everett, 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.
- Elevated vacancy: 10.2% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Everett, WA (98201)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98201 Everett
From a cash-flow lens, ZIP 98201 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $551K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $551K asset, 98201 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 98201 sits on the difficult end of the WA spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 98201 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 98201 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Everett:
Property Strategy for 98201
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $352,439 | $1,850 | 3.8% | +7.5% | $352,439 |
| 2BR | $475,046 | $2,160 | 3.3% | +6.8% | $237,523 |
| 3BR | $572,741 | $2,850 | 3.6% | +6.7% | $190,914 |
| 4BR | $665,196 | $3,320 | 3.6% | +6.7% | $166,299 |
| 5BR | $790,059 | — | — | +6.4% | $158,012 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98201 Compare?
| Metric | 98201 | Everett | Seattle-Tacoma-Bellevue, WA | Washington |
|---|---|---|---|---|
| Home Value | $550,861 | $508,424 | N/A | $591,536 |
| 5-Year CAGR | 3.3% | 3.5% | N/A | 5.9% |
| Avg Rent | $1,930 | $1,996 | N/A | - |
| Cap Rate | 2.7% | 2.6% | - | - |
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 98201 (Everett, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98201 (Everett, WA)?
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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 | $550,861 |
| Monthly Rent | $1,930 |
| Price-to-Rent | 23.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 6.0% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 Rent Trends
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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 98201
Population: 31,212
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 98201
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 6,678 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical rental rate in Everett, WA?
Expect rents around $1,930/mo per month in Everett, WA. With home values at $551K, the yield math works out to reasonable levels for rental investors.
What is the rental occupancy rate in Everett, WA?
Expect elevated vacancy in Everett, WA. Rents at $1,930/mo are absorbed by the tenant base without meaningful lag.
What is the investability score for Everett, WA?
The 3.0/5 investability rating in Everett, WA reflects its $551K prices and $1,930/mo rents. Investors generally consider it a solid option within WA.
Are renters plentiful in Everett, WA?
The tenant pool in Everett, WA is solid, supported by local employment and population fundamentals. Rents of $1,930/mo are well-absorbed by the market.
What are home prices like in Everett, WA?
In Everett, WA the median home value sits at $551K. Against the broader WA market, that reads as reasonable for most investors.
You know 98201 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98201 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 98201 ranks in Seattle-Tacoma-Bellevue, WA
Every ZIP in this metro, ranked. Free.
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