Real Estate Investing in Brinnon, Washington (98320)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98320 (Brinnon, WA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 48.7% 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 30.9 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Brinnon, WA (98320)?
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Market Analysis: 98320 Brinnon
ZIP 98320 in Brinnon, WA carries a durable set of headwinds. Home values near $370K and rents of $999/mo sit inside a market where underwriting has to be tight.
Rent of $999/mo on a $370K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 98320 sits below the stated 0.0% once reality is priced in.
The gap between 98320 and stronger Brinnon ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 98320 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 98320 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Brinnon:
Property Strategy for 98320
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $259,864 | $1,010 | 2.8% | +5.7% | $259,864 |
| 2BR | $456,980 | $1,110 | 1.7% | +6.6% | $228,490 |
| 3BR | $593,164 | $1,560 | 1.9% | +6.3% | $197,721 |
Market Trends
Home Value History (with trend line)
📊 How Does 98320 Compare?
| Metric | 98320 | Brinnon | Washington |
|---|---|---|---|
| Home Value | $369,897 | $369,897 | $591,536 |
| 5-Year CAGR | 3.6% | 3.6% | 5.9% |
| Avg Rent | $999 | $999 | - |
| Cap Rate | 2.1% | 2.1% | - |
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 98320 (Brinnon, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $369,897 |
| Monthly Rent | $999 |
| Price-to-Rent | 30.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (2.1%). 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 98320
Population: 1,313
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 98320
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
How does Brinnon, WA stack up for property investment?
Brinnon, WA reports an investability rating of 3.0/5, with median home values near $370K and average rents around $999/mo. That combination puts it in the resilient tier for investor interest.
How strong are rents in Brinnon, WA?
Investors in Brinnon, WA typically see rents near $999/mo per month against $370K home values - a solid setup for rental cash flow.
Are landlord laws favorable in Brinnon, WA?
Rental owners in Brinnon, WA deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
Can I live-in-and-rent in Brinnon, WA?
The house hack math a challenging in Brinnon, WA. Owner-occupant buyers benefit from the $999/mo rents and $370K home values.
Should investors worry about vacancy in Brinnon, WA?
Vacancy in Brinnon, WA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $999/mo.
You know 98320 now. You don’t know where it ranks.
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