Real Estate Investing in Port Ludlow, Washington (98325)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98325 (Port Ludlow, 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: 23.5% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 24.2% poverty rate — can affect rent collection.
- High price-to-rent: Price-to-rent ratio 34.9 — 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 Port Ludlow, WA (98325)?
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Market Analysis: 98325 Port Ludlow
ZIP 98325 in Port Ludlow, WA carries a healthy set of headwinds. Home values near $557K and rents of $1,332/mo sit inside a market where underwriting has to be tight.
From an investor standpoint, the numbers look inviting — $557K purchase price, 0.0% nominal cap — the work to hit that pro forma in 98325 is substantial and deserves full respect.
Statewide comparisons place 98325 among WA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 98325 ZIP's population of 1,654 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
Experienced landlords with local relationships tend to find 98325 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 Port Ludlow:
Property Strategy for 98325
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $509,455 | $1,480 | 2.1% | +8.7% | $254,727 |
| 3BR | $587,742 | $2,060 | 2.5% | +7.7% | $195,914 |
Market Trends
Home Value History (with trend line)
📊 How Does 98325 Compare?
| Metric | 98325 | Port Ludlow | Washington |
|---|---|---|---|
| Home Value | $556,989 | $608,968 | $591,536 |
| 5-Year CAGR | 3.6% | 2.7% | 5.9% |
| Avg Rent | $1,332 | $1,575 | - |
| Cap Rate | 1.9% | 2.0% | - |
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 98325 (Port Ludlow, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $556,989 |
| Monthly Rent | $1,332 |
| Price-to-Rent | 34.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (1.9%). 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 98325
Population: 1,654
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 98325
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
Frequently Asked Questions
What is the typical renter like in Port Ludlow, WA?
Port Ludlow, WA offers a predictable renter base at the $1,332/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is real estate in Port Ludlow, WA a good investment right now?
Port Ludlow, WA rates 2.0/5 for investability. With median values at $557K and rents near $1,332/mo, the market offers reasonable fundamentals for rental investors.
What are home prices like in Port Ludlow, WA?
The median home value in Port Ludlow, WA is roughly $557K. That puts it reasonable relative to the WA statewide average.
What is the rental occupancy rate in Port Ludlow, WA?
Port Ludlow, WA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Does a duplex house hack pencil in Port Ludlow, WA?
For house hackers, Port Ludlow, WA is a challenging. The $1,332/mo rent on a unit helps defray the mortgage on a $557K property.
You know 98325 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98325 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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