Real Estate Investing in Hansville, Washington (98340)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98340 (Hansville, 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: 25.4% 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 26.7 — 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 Hansville, WA (98340)?
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Market Analysis: 98340 Hansville
Not every below-median market is a bargain. Hansville's 98340 ZIP comes in at signals that favor experienced operators who can absorb the risk $729K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 98340 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader WA picture, 98340 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 98340 ZIP's population of 2,834 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
The 98340 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Hansville:
Property Strategy for 98340
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $554,168 | $1,930 | 2.5% | +5.0% | $554,168 |
| 2BR | $695,710 | $2,530 | 2.6% | +5.7% | $347,855 |
| 3BR | $728,154 | $3,330 | 3.3% | +6.8% | $242,718 |
Market Trends
Home Value History (with trend line)
📊 How Does 98340 Compare?
| Metric | 98340 | Hansville | Bremerton-Silverdale-Port Orchard, WA | Washington |
|---|---|---|---|---|
| Home Value | $729,046 | $729,046 | N/A | $591,536 |
| 5-Year CAGR | 2.9% | 2.9% | N/A | 5.9% |
| Avg Rent | $2,277 | $2,277 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
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 98340 (Hansville, WA). Anonymous, moderated, never written by AI.
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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 | $729,046 |
| Monthly Rent | $2,277 |
| Price-to-Rent | 26.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.4% |
| 5-Year IRR | 5.3% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (2.4%). 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 98340
Population: 2,834
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
🎓 Nearby Colleges & Universities
Investor Insight: With 5,041 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are rents high in Hansville, WA?
Rents in Hansville, WA run near $2,277/mo. Compared with median home prices of $729K that produces solid gross yields for typical rentals.
What is the typical vacancy rate in Hansville, WA?
Hansville, WA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What approach is best for Hansville, WA real estate?
The best-fit strategy in Hansville, WA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Does house hacking make sense in Hansville, WA?
House hacking works a challenging in Hansville, WA. Rents of $2,277/mo against $729K acquisition make the strategy solid for owner-occupants.
Is WA a landlord-friendly state?
The landlord environment in Hansville, WA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
You know 98340 now. You don’t know where it ranks.
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How 98340 ranks in Bremerton-Silverdale-Port Orchard, WA
Every ZIP in this metro, ranked. Free.
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