Real Estate Investing in Rockport, Washington (98283)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98283 (Rockport, 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.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Rockport, WA (98283)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98283 Rockport
The 98283 ZIP in Rockport, WA is a local-operator market. Outside capital chasing a $424K entry has to pair deep knowledge with the discount.
The 98283 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Rockport have seen price recovery that 98283 has not matched. Skagit County data supports the view that the spread is structural rather than temporary.
The demographic picture in 98283 includes headwinds that any investor should price in. Income distribution skews lower than Rockport averages, and tenant stability requires active management.
The 98283 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 Rockport:
Market Trends
Home Value History (with trend line)
📊 How Does 98283 Compare?
| Metric | 98283 | Rockport | Mount Vernon-Anacortes, WA | Washington |
|---|---|---|---|---|
| Home Value | $423,884 | $423,884 | N/A | $591,536 |
| 5-Year CAGR | 3.5% | 3.5% | N/A | 5.9% |
| Avg Rent | $1,512 | $1,512 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 98283 (Rockport, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98283 (Rockport, WA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $423,884 |
| Monthly Rent | $1,512 |
| Price-to-Rent | 23.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +8.9% ▲ |
🏠 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 (2.8%). 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 98283
Population: 342
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
Frequently Asked Questions
Do landlords face vacancy issues in Rockport, WA?
Occupancy in Rockport, WA runs measured with elevated vacancy. Well-priced units at $1,512/mo lease on reasonable timelines.
How do landlord-tenant laws work in Rockport, WA?
Landlord-friendliness in Rockport, WA is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How much does a house cost in Rockport, WA?
Median home price in Rockport, WA is near $424K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
What do landlords charge for rent in Rockport, WA?
The typical rental in Rockport, WA commands about $1,512/mo monthly. That rent profile measured cash flow against the $424K purchase basis.
Are renters plentiful in Rockport, WA?
Expect a solid tenant pool in Rockport, WA. The rental market absorbs $1,512/mo rents without meaningful friction.
You know 98283 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98283 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 98283 ranks in Mount Vernon-Anacortes, WA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 98283 (Rockport)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 98283 (Rockport, WA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.