Real Estate Investing in Bremerton, Washington (98337)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98337 (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.
- Elevated vacancy: 8.8% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Bremerton, WA (98337)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98337 Bremerton
The 98337 ZIP in Bremerton, WA is a local-operator market. Outside capital chasing a $398K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 98337 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader WA picture, 98337 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A durable renter share of 49% in 98337 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 98337 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 98337
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $320,570 | $1,420 | 3.2% | +1.9% | $320,570 |
| 2BR | $360,676 | $1,860 | 3.7% | +4.3% | $180,338 |
| 3BR | $412,807 | $2,420 | 4.2% | +4.0% | $137,602 |
| 4BR | $448,127 | $2,790 | 4.5% | +4.1% | $112,032 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98337 Compare?
| Metric | 98337 | Bremerton | Bremerton-Silverdale-Port Orchard, WA | Washington |
|---|---|---|---|---|
| Home Value | $398,193 | $376,886 | N/A | $591,536 |
| 5-Year CAGR | 1.7% | 1.9% | N/A | 5.9% |
| Avg Rent | $1,705 | $1,921 | N/A | - |
| Cap Rate | 3.3% | 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 98337 (Bremerton, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98337 (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 | $398,193 |
| Monthly Rent | $1,705 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 5.0% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +1.7% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 Rent Trends
| 1-Year | -8.2% ▼ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +3.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 98337
Population: 7,872
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 98337
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
View Ridge Elementary Arts Academy
East Port Orchard Elementary
Orchard Heights Elementary
Sidney Glen Elementary School
Armin Jahr Elementary
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 5,796 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Bremerton, WA a smart market for rental property?
Bremerton, WA scores 2.0/5 for investability. Home values sit at $398K and rents near $1,705/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the average monthly rent in Bremerton, WA?
Bremerton, WA rentals go for roughly $1,705/mo a month. That puts gross yield in solid territory relative to $398K acquisition costs.
What approach is best for Bremerton, WA real estate?
Investors usually favor careful cash-flow rentals with hands-on management in Bremerton, WA. With home values at $398K and rents near $1,705/mo, other strategies can work but produce even-keeled rather than outsized returns.
How high is vacancy risk in Bremerton, WA?
Rental vacancy in Bremerton, WA is elevated. Investors should budget normal turnover but not chronic empty units.
How do landlord-tenant laws work in Bremerton, WA?
For rental operators, Bremerton, WA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
You know 98337 now. You don’t know where it ranks.
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How 98337 ranks in Bremerton-Silverdale-Port Orchard, WA
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