Real Estate Investing in Monroe, Washington (98272)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98272 (Monroe, 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.
What’s happening in Monroe, WA (98272)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98272 Monroe
This part of Snohomish County is not an easy win. The 98272 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 98272 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 98272 sits on the difficult end of the WA spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 98272 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Monroe's stable or hybrid ZIPs before stepping into 98272. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Monroe:
Property Strategy for 98272
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $404,376 | $2,020 | 3.6% | +4.2% | $404,376 |
| 2BR | $498,810 | $2,360 | 3.4% | +6.8% | $249,405 |
| 3BR | $657,934 | $3,090 | 3.4% | +7.4% | $219,311 |
| 4BR | $873,827 | $3,630 | 3.0% | +8.7% | $218,457 |
| 5BR | $906,799 | — | — | +8.4% | $181,360 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98272 Compare?
| Metric | 98272 | Monroe | Seattle-Tacoma-Bellevue, WA | Washington |
|---|---|---|---|---|
| Home Value | $723,863 | $723,863 | N/A | $591,536 |
| 5-Year CAGR | 3.9% | 3.9% | N/A | 5.9% |
| Avg Rent | $2,430 | $2,430 | 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 98272 (Monroe, WA). Anonymous, moderated, never written by AI.
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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 | $723,863 |
| Monthly Rent | $2,430 |
| Price-to-Rent | 24.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 Rent Trends
| 1-Year | -12.3% ▼ |
| 3-Year CAGR | -2.0% ▼ |
| 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 98272
Population: 32,055
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 98272
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
What kind of vacancy should I budget for in Monroe, WA?
Occupancy in Monroe, WA runs consistent with elevated vacancy. Well-priced units at $2,430/mo lease on reasonable timelines.
How deep is the rental pool in Monroe, WA?
The tenant pool in Monroe, WA is solid, supported by local employment and population fundamentals. Rents of $2,430/mo are well-absorbed by the market.
Is Monroe in WA worth investing in?
Investors tracking Monroe, WA will find a 3.0/5 rating supported by $724K median home values and $2,430/mo rents. That profile suits long-term holders targeting steady returns.
Are eviction rules reasonable in Monroe, WA?
Monroe, WA falls under WA landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
How much should I expect to pay for a home in Monroe, WA?
Expect median prices around $724K in Monroe, WA. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
You know 98272 now. You don’t know where it ranks.
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How 98272 ranks in Seattle-Tacoma-Bellevue, WA
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