Real Estate Investing in Longbranch, Washington (98351)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98351 (Longbranch, 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.
- High vacancy: 30.5% 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 31.2 — 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 Longbranch, WA (98351)?
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Market Analysis: 98351 Longbranch
Put differently, ZIP 98351 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $626K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 98351 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In practical terms, 98351 offers a low basis, the region around Longbranch has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 98351 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Longbranch:
Property Strategy for 98351
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $590,817 | $1,860 | 2.3% | +5.5% | $295,408 |
| 3BR | $645,621 | $2,600 | 2.9% | +5.8% | $215,207 |
Market Trends
Home Value History (with trend line)
📊 How Does 98351 Compare?
| Metric | 98351 | Longbranch | Seattle-Tacoma-Bellevue, WA | Washington |
|---|---|---|---|---|
| Home Value | $625,758 | $625,758 | N/A | $591,536 |
| 5-Year CAGR | 2.0% | 2.0% | N/A | 5.9% |
| Avg Rent | $1,674 | $1,674 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
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 98351 (Longbranch, WA). Anonymous, moderated, never written by AI.
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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 | $625,758 |
| Monthly Rent | $1,674 |
| Price-to-Rent | 31.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 4.1% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +2.0% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (2.1%). 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 98351
Population: 1,832
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 7,796 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in Longbranch, WA?
Homes in Longbranch, WA typically sell near $626K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
What kind of tenants rent in Longbranch, WA?
Tenant quality in Longbranch, WA ranks as solid. Landlords generally report stable occupancy at market rents of $1,674/mo.
Is Longbranch, WA a good place for real estate investing?
Yes - Longbranch, WA a 3.0/5 investability score. With $626K home prices against $1,674/mo monthly rent, the market delivers a reasonable entry point for new investors.
How strong are rents in Longbranch, WA?
The typical rental in Longbranch, WA commands about $1,674/mo monthly. That rent profile consistent cash flow against the $626K purchase basis.
Is WA a landlord-friendly state?
Landlord-friendliness in Longbranch, WA is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 98351 now. You don’t know where it ranks.
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How 98351 ranks in Seattle-Tacoma-Bellevue, WA
Every ZIP in this metro, ranked. Free.
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