Real Estate Investing in Bremerton, Washington (98311)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98311 (Bremerton, WA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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 Bremerton, WA (98311)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98311 Bremerton
This part of Kitsap County is not an easy win. The 98311 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 98311 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Put differently, 98311 offers a low basis, the region around Bremerton has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 98311 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 98311 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 Bremerton:
Property Strategy for 98311
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $405,442 | $2,080 | 3.7% | +4.3% | $202,721 |
| 3BR | $482,074 | $2,740 | 4.1% | +4.5% | $160,691 |
| 4BR | $544,735 | $3,010 | 4.0% | +4.9% | $136,184 |
| 5BR | $597,040 | — | — | +4.3% | $119,408 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98311 Compare?
| Metric | 98311 | Bremerton | Bremerton-Silverdale-Port Orchard, WA | Washington |
|---|---|---|---|---|
| Home Value | $514,651 | $376,886 | N/A | $591,536 |
| 5-Year CAGR | 2.1% | 1.9% | N/A | 5.9% |
| Avg Rent | $2,061 | $1,921 | N/A | - |
| Cap Rate | 3.1% | 3.2% | - | - |
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 98311 (Bremerton, WA). Anonymous, moderated, never written by AI.
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Property managers serving Kitsap County
Manage rentals here? List your business →Olympic Property Management LLC provides residential management services for individuals and families in north Kitsap County from their office on Bainbridge Island. summary from their website
Details Property Management provides property management services in Kitsap County. summary from their website
Paramount Property Management Group provides property management services for houses and homes for rent in Port Orchard. 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 | $514,651 |
| Monthly Rent | $2,061 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 5.2% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +2.1% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | -4.4% ▼ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 98311
Population: 27,947
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 98311
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
View Ridge Elementary Arts Academy
Armin Jahr Elementary
Mountain View Middle School
Catalyst Public Schools
Fairview Middle School
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 2,598 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do home prices stand in Bremerton, WA?
Bremerton, WA median home values land near $515K. That is reasonable territory for investors looking at $2,061/mo-per-month rentals.
Does Bremerton, WA favor landlords or tenants?
Rental owners in Bremerton, WA deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
Is it easy to find good tenants in Bremerton, WA?
The renter base in Bremerton, WA is reasonable for the $2,061/mo price point. Screening well and pricing to market typically yields consistent tenants.
Are rents high in Bremerton, WA?
Bremerton, WA rentals go for roughly $2,061/mo a month. That puts gross yield in solid territory relative to $515K acquisition costs.
Does house hacking make sense in Bremerton, WA?
House hacking works a challenging in Bremerton, WA. Rents of $2,061/mo against $515K acquisition make the strategy solid for owner-occupants.
You know 98311 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98311 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 98311 ranks in Bremerton-Silverdale-Port Orchard, WA
Every ZIP in this metro, ranked. Free.
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