Real Estate Investing in Snohomish, Washington (98290)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98290 (Snohomish, 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.
- High price-to-rent: Price-to-rent ratio 31.6 — hard to cash-flow at these prices.
What’s happening in Snohomish, WA (98290)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98290 Snohomish
Investors eyeing 98290 need to respect the fundamentals at play. Home values of $837K come alongside slower price movement and elevated management overhead.
Meanwhile, the numbers look inviting — $837K purchase price, 0.0% nominal cap — the work to hit that pro forma in 98290 is substantial and deserves full respect.
Nearby ZIPs in Snohomish have seen price recovery that 98290 has not matched. Snohomish County data supports the view that the spread is structural rather than temporary.
Resident income in 98290 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Snohomish's stable or hybrid ZIPs before stepping into 98290. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Snohomish:
Property Strategy for 98290
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $568,736 | $1,850 | 2.3% | +7.5% | $568,736 |
| 2BR | $616,157 | $2,160 | 2.5% | +7.2% | $308,079 |
| 3BR | $774,665 | $2,850 | 2.6% | +7.6% | $258,222 |
| 4BR | $990,465 | $3,320 | 2.4% | +8.6% | $247,616 |
| 5BR | $1,078,121 | — | — | +8.4% | $215,624 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98290 Compare?
| Metric | 98290 | Snohomish | Seattle-Tacoma-Bellevue, WA | Washington |
|---|---|---|---|---|
| Home Value | $837,253 | $937,508 | N/A | $591,536 |
| 5-Year CAGR | 3.9% | 4.0% | N/A | 5.9% |
| Avg Rent | $2,206 | $2,828 | N/A | - |
| Cap Rate | 2.1% | 2.3% | - | - |
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 98290 (Snohomish, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98290 (Snohomish, 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 | $837,253 |
| Monthly Rent | $2,206 |
| Price-to-Rent | 31.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 Rent Trends
| 1-Year | -7.0% ▼ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.1%). 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 98290
Population: 39,732
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 98290
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 3,478 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the smart move for investors in Snohomish, WA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Snohomish, WA. The numbers - $837K homes against $2,206/mo rents - support that play.
How deep is the rental pool in Snohomish, WA?
Snohomish, WA offers a steady renter base at the $2,206/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Snohomish in WA worth investing in?
The 3.0/5 investability rating in Snohomish, WA reflects its $837K prices and $2,206/mo rents. Investors generally consider it a solid option within WA.
Does a duplex house hack pencil in Snohomish, WA?
Snohomish, WA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,206/mo rent level.
What is the typical vacancy rate in Snohomish, WA?
Snohomish, WA carries elevated vacancy risk. Expect consistent absorption at market rents of $2,206/mo.
You know 98290 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98290 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 98290 ranks in Seattle-Tacoma-Bellevue, WA
Every ZIP in this metro, ranked. Free.
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