Real Estate Investing in Shaw Island, Washington (98286)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98286 (Shaw Island, WA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 70.5% 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 59.1 — hard to cash-flow at these prices.
• 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 Shaw Island, WA (98286)?
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Market Analysis: 98286 Shaw Island
Turning to rents, ZIP 98286 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $1.1M median. It rewards specialists, not generalists.
The 98286 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader WA picture, 98286 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A notable renter share of 11% in 98286 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 98286 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Shaw Island:
Market Trends
Home Value History (with trend line)
📊 How Does 98286 Compare?
| Metric | 98286 | Shaw Island | Washington |
|---|---|---|---|
| Home Value | $1,141,807 | $1,141,807 | $591,536 |
| 5-Year CAGR | 1.8% | 1.8% | 5.9% |
| Avg Rent | $1,611 | $1,611 | - |
| Cap Rate | 1.1% | 1.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 98286 (Shaw Island, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,141,807 |
| Monthly Rent | $1,611 |
| Price-to-Rent | 59.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.7% |
| Cap Rate | 1.1% |
| 5-Year IRR | 2.9% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | -1.1% ▼ |
| 5-Year CAGR | +1.8% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (1.1%). 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 98286
Population: 135
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 98286
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
Are renters plentiful in Shaw Island, WA?
Shaw Island, WA offers a reliable renter base at the $1,611/mo rent level. Tenant turnover is reasonable for well-managed properties.
What is the typical vacancy rate in Shaw Island, WA?
Vacancy in Shaw Island, WA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,611/mo.
How expensive is real estate in Shaw Island, WA?
Shaw Island, WA home values average about $1.1M. That price point suits investors targeting rentals with $1,611/mo in monthly income.
What do rentals go for in Shaw Island, WA?
The typical rental in Shaw Island, WA commands about $1,611/mo monthly. That rent profile reliable cash flow against the $1.1M purchase basis.
Are eviction rules reasonable in Shaw Island, WA?
WA law tenant-protective for landlords, and Shaw Island inherits those rules. Investors should still review local ordinances for rental licensing.
You know 98286 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98286 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.
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