Real Estate Investing in Bremerton, Washington (98312)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98312 (Bremerton, WA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Bremerton, WA (98312)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98312 Bremerton
The 98312 ZIP in Bremerton, WA is a local-operator market. Outside capital chasing a $504K entry has to pair deep knowledge with the discount.
The investment case in 98312 is robust only for operators who understand what they are buying. A $504K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader WA picture, 98312 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
From an investor standpoint, 34,273 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Bremerton's stable or hybrid ZIPs before stepping into 98312. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Bremerton:
Property Strategy for 98312
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $311,084 | $1,460 | 3.4% | +4.4% | $311,084 |
| 2BR | $365,980 | $1,910 | 3.8% | +4.8% | $182,990 |
| 3BR | $500,892 | $2,520 | 3.6% | +4.6% | $166,964 |
| 4BR | $600,592 | $2,790 | 3.3% | +4.3% | $150,148 |
| 5BR | $647,693 | — | — | +4.7% | $129,539 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98312 Compare?
| Metric | 98312 | Bremerton | Bremerton-Silverdale-Port Orchard, WA | Washington |
|---|---|---|---|---|
| Home Value | $503,880 | $376,886 | N/A | $591,536 |
| 5-Year CAGR | 1.9% | 1.9% | N/A | 5.9% |
| Avg Rent | $2,073 | $1,921 | N/A | - |
| Cap Rate | 3.2% | 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 98312 (Bremerton, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98312 (Bremerton, WA)?
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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 | $503,880 |
| Monthly Rent | $2,073 |
| Price-to-Rent | 20.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 5.1% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +1.9% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | -3.2% ▼ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +2.6% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). 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 98312
Population: 34,273
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 98312
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 2,598 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is vacancy a concern in Bremerton, WA?
Bremerton, WA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How deep is the rental pool in Bremerton, WA?
Working renters make up the core of the Bremerton, WA tenant base. The pool is reasonable for investors targeting long-term holds.
How do experienced investors play Bremerton, WA?
For Bremerton, WA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Can owner-occupants cash flow in Bremerton, WA?
House hacking in Bremerton, WA is a challenging. With home values around $504K and rents at $2,073/mo, owner-occupants can offset a meaningful share of PITI.
What are home prices like in Bremerton, WA?
Homes in Bremerton, WA typically sell near $504K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
You know 98312 now. You don’t know where it ranks.
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How 98312 ranks in Bremerton-Silverdale-Port Orchard, WA
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