Real Estate Investing in Port Hadlock, Washington (98339)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98339 (Port Hadlock, 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: 12.0% 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 34.7 — 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 Hadlock, WA (98339)?
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Market Analysis: 98339 Port Hadlock
ZIP 98339 in Port Hadlock, WA carries a significant set of headwinds. Home values near $468K and rents of $1,125/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $468K asset, 98339 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 98339 sits on the difficult end of the WA spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
A resilient renter share of 27% in 98339 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 98339 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Port Hadlock:
Property Strategy for 98339
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $456,906 | $1,250 | 2.0% | +7.5% | $228,453 |
| 3BR | $475,857 | $1,740 | 2.6% | +8.2% | $158,619 |
Market Trends
Home Value History (with trend line)
📊 How Does 98339 Compare?
| Metric | 98339 | Port Hadlock | Washington |
|---|---|---|---|
| Home Value | $468,245 | $468,245 | $591,536 |
| 5-Year CAGR | 3.9% | 3.9% | 5.9% |
| Avg Rent | $1,125 | $1,125 | - |
| Cap Rate | 1.9% | 1.9% | - |
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 98339 (Port Hadlock, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $468,245 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 34.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 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 98339
Population: 3,480
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 98339
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 average home sale price in Port Hadlock, WA?
Port Hadlock, WA median home values land near $468K. That is reasonable territory for investors looking at $1,125/mo-per-month rentals.
How strong is the working-renter base in Port Hadlock, WA?
Tenant quality in Port Hadlock, WA ranks as solid. Landlords generally report even-keeled occupancy at market rents of $1,125/mo.
How much do tenants pay in Port Hadlock, WA?
The typical rental in Port Hadlock, WA commands about $1,125/mo monthly. That rent profile steady cash flow against the $468K purchase basis.
What is the best play in Port Hadlock, WA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Port Hadlock, WA. The numbers - $468K homes against $1,125/mo rents - support that play.
Is Port Hadlock, WA suited for a house hack?
House hacking in Port Hadlock, WA is reasonable to execute. Prices around $468K and rents of $1,125/mo solid owner-occupant economics.
You know 98339 now. You don’t know where it ranks.
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