Real Estate Investing in Granite Falls, Washington (98252)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98252 (Granite Falls, 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.
- High vacancy: 12.9% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 25.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Granite Falls, WA (98252)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98252 Granite Falls
Not every below-median market is a bargain. Granite Falls's 98252 ZIP clocks in at signals that favor experienced operators who can absorb the risk $585K pricing implies.
Rent of $1,944/mo on a $585K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 98252 sits below the stated 0.0% once reality is priced in.
On the rental side, 98252 offers a low basis, the region around Granite Falls has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 98252 includes headwinds that any investor should price in. Income distribution skews lower than Granite Falls averages, and tenant stability requires active management.
The 98252 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 Granite Falls:
Property Strategy for 98252
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $328,170 | $1,850 | 4.1% | +7.1% | $328,170 |
| 2BR | $461,474 | $2,160 | 3.4% | +7.1% | $230,737 |
| 3BR | $558,155 | $2,850 | 3.7% | +7.3% | $186,052 |
| 4BR | $684,047 | $3,320 | 3.5% | +7.2% | $171,012 |
| 5BR | $732,467 | — | — | +7.2% | $146,493 |
Market Trends
Home Value History (with trend line)
📊 How Does 98252 Compare?
| Metric | 98252 | Granite Falls | Seattle-Tacoma-Bellevue, WA | Washington |
|---|---|---|---|---|
| Home Value | $585,490 | $585,490 | N/A | $591,536 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 5.9% |
| Avg Rent | $1,944 | $1,944 | N/A | - |
| Cap Rate | 2.6% | 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 98252 (Granite Falls, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98252 (Granite Falls, WA)?
~25 seconds · no account needed · your report is anonymous
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 | $585,490 |
| Monthly Rent | $1,944 |
| Price-to-Rent | 25.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.6%). 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 98252
Population: 10,487
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 98252
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.
Frequently Asked Questions
How do experienced investors play Granite Falls, WA?
The best-fit strategy in Granite Falls, WA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the median home value in Granite Falls, WA?
Typical homes in Granite Falls, WA go for around $585K. The 5-year CAGR of 0.0% steady price movement.
How high is vacancy risk in Granite Falls, WA?
Granite Falls, WA carries elevated vacancy risk. Expect reliable absorption at market rents of $1,944/mo.
How strong is tenant demand in Granite Falls, WA?
Granite Falls, WA draws a reliable base of working renters. Demand at the $1,944/mo rent level is reasonable for standard single-family and small multi rentals.
What is the average monthly rent in Granite Falls, WA?
Expect rents around $1,944/mo per month in Granite Falls, WA. With home values at $585K, the yield math works out to reasonable levels for rental investors.
You know 98252 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98252 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 98252 ranks in Seattle-Tacoma-Bellevue, WA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 98252 (Granite Falls)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 98252 (Granite Falls, WA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.