Real Estate Investing in Gig Harbor, Washington (98335)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98335 (Gig Harbor, 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.
What’s happening in Gig Harbor, WA (98335)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98335 Gig Harbor
Investors eyeing 98335 need to respect the fundamentals at play. Home values of $867K come alongside slower price movement and elevated management overhead.
For an experienced owner, 98335 can be a a credible choice for hunting ground — but the discount at $867K reflects genuine risk that outside investors often underestimate.
In the broader WA picture, 98335 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
In practical terms, 27,956 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.
The right play in 98335 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 Gig Harbor:
Property Strategy for 98335
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $940,160 | $1,800 | 1.4% | +8.2% | $940,160 |
| 2BR | $667,310 | $2,210 | 2.4% | +6.2% | $333,655 |
| 3BR | $801,583 | $3,060 | 2.7% | +7.4% | $267,194 |
| 4BR | $1,028,404 | $3,480 | 2.4% | +8.2% | $257,101 |
| 5BR | $1,266,177 | — | — | +8.5% | $253,235 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98335 Compare?
| Metric | 98335 | Gig Harbor | Seattle-Tacoma-Bellevue, WA | Washington |
|---|---|---|---|---|
| Home Value | $867,096 | $790,963 | N/A | $591,536 |
| 5-Year CAGR | 3.8% | 3.6% | N/A | 5.9% |
| Avg Rent | $3,065 | $2,888 | N/A | - |
| Cap Rate | 2.8% | 2.9% | - | - |
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 98335 (Gig Harbor, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98335 (Gig Harbor, WA)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Pierce County
Manage rentals here? List your business →Harborside Property Management LLC offers commercial and residential property manager services in Tacoma & Gig Harbor, including single-family and multi-family homes. 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
HOA Community Solutions provides management services for homeowner associations. 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 | $867,096 |
| Monthly Rent | $3,065 |
| Price-to-Rent | 23.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.8% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | +10.0% ▲ |
| 3-Year CAGR | +7.7% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). 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 98335
Population: 27,956
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 98335
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 7,455 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in Gig Harbor, WA?
In Gig Harbor, WA the median home value sits at $867K. Against the broader WA market, that reads as reasonable for most investors.
What is the average monthly rent in Gig Harbor, WA?
Rent in Gig Harbor, WA is around $3,065/mo. The resulting rent-to-value relationship with $867K pricing is reasonable for most investor models.
How strict are landlord regulations in Gig Harbor, WA?
Rental owners in Gig Harbor, WA deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
How strong is Gig Harbor, WA for real estate investors?
Gig Harbor, WA rates 3.0/5 for investability. With median values at $867K and rents near $3,065/mo, the market offers reasonable fundamentals for rental investors.
Is it easy to find good tenants in Gig Harbor, WA?
Tenant demand in Gig Harbor, WA is solid. The local workforce $3,065/mo rents across most rental classes.
You know 98335 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98335 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 98335 ranks in Seattle-Tacoma-Bellevue, WA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 98335 (Gig Harbor)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 98335 (Gig Harbor, WA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.