Real Estate Investing in Nordland, Washington (98358)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98358 (Nordland, 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: 29.7% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 22.0% poverty rate — can affect rent collection.
- High price-to-rent: Price-to-rent ratio 41.4 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Nordland, WA (98358)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98358 Nordland
In practical terms, ZIP 98358 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $805K median. It rewards specialists, not generalists.
Stepping back, the numbers look inviting — $805K purchase price, 0.0% nominal cap — the work to hit that pro forma in 98358 is substantial and deserves full respect.
Regionally, 98358 sits on the difficult end of the WA spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Meanwhile, 982 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.
Strategy in 98358 is an operator game, not a passive one. In practical terms, entry prices of $805K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Nordland:
Property Strategy for 98358
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $824,598 | $1,800 | 1.6% | +6.8% | $412,299 |
| 3BR | $958,713 | $2,500 | 1.9% | +7.5% | $319,571 |
Market Trends
Home Value History (with trend line)
📊 How Does 98358 Compare?
| Metric | 98358 | Nordland | Washington |
|---|---|---|---|
| Home Value | $804,672 | $804,672 | $591,536 |
| 5-Year CAGR | 2.6% | 2.6% | 5.9% |
| Avg Rent | $1,620 | $1,620 | - |
| Cap Rate | 1.6% | 1.6% | - |
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 98358 (Nordland, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $804,672 |
| Monthly Rent | $1,620 |
| Price-to-Rent | 41.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.4% |
| Cap Rate | 1.6% |
| 5-Year IRR | 4.2% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | +2.6% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (1.6%). 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 98358
Population: 982
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 98358
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Chimacum Creek Primary School
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
Are rents high in Nordland, WA?
Rental rates in Nordland, WA average $1,620/mo. Tenant demand and $805K home values make the yield look reasonable by investor standards.
Which investment style suits Nordland, WA?
In Nordland, WA the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $805K prices and $1,620/mo rents suits that approach.
Does Nordland, WA make sense for an investment property?
Yes - Nordland, WA a 2.0/5 investability score. With $805K home prices against $1,620/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the typical vacancy rate in Nordland, WA?
Expect elevated vacancy in Nordland, WA. Rents at $1,620/mo are absorbed by the tenant base without meaningful lag.
Does Nordland, WA favor landlords or tenants?
For rental operators, Nordland, WA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
You know 98358 now. You don’t know where it ranks.
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