Real Estate Investing in Port Angeles, Washington (98362)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98362 (Port Angeles, 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.
- Elevated vacancy: 8.7% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Port Angeles, WA (98362)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98362 Port Angeles
ZIP 98362 inside Clallam County looks affordable on the surface — median value of $461K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 98362 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 98362 sits on the difficult end of the WA spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 98362 includes headwinds that any investor should price in. Income distribution skews lower than Port Angeles averages, and tenant stability requires active management.
The 98362 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 Port Angeles:
Property Strategy for 98362
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $315,345 | $920 | 2.1% | +8.1% | $315,345 |
| 2BR | $377,838 | $1,200 | 2.3% | +7.5% | $188,919 |
| 3BR | $484,108 | $1,670 | 2.5% | +7.1% | $161,369 |
| 4BR | $504,382 | $1,920 | 2.7% | +6.8% | $126,095 |
| 5BR | $556,146 | — | — | +6.7% | $111,229 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98362 Compare?
| Metric | 98362 | Port Angeles | Port Angeles, WA | Washington |
|---|---|---|---|---|
| Home Value | $461,034 | $461,182 | N/A | $591,536 |
| 5-Year CAGR | 4.0% | 4.3% | N/A | 5.9% |
| Avg Rent | $1,864 | $1,832 | N/A | - |
| Cap Rate | 3.2% | 3.1% | - | - |
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 98362 (Port Angeles, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $461,034 |
| Monthly Rent | $1,864 |
| Price-to-Rent | 20.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (3.2%). 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 98362
Population: 23,907
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 98362
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
Investor Insight: With 668 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is rental property easy to operate in Port Angeles, WA?
WA ranks as a tenant-protective state for landlord-tenant law. Port Angeles generally follows the statewide framework, so landlords face reasonable operating rules.
What is the tenant pool like in Port Angeles, WA?
Port Angeles, WA draws a measured base of working renters. Demand at the $1,864/mo rent level is reasonable for standard single-family and small multi rentals.
Is Port Angeles, WA suited for a house hack?
House hacking in Port Angeles, WA is reasonable to execute. Prices around $461K and rents of $1,864/mo solid owner-occupant economics.
What is the investability score for Port Angeles, WA?
The 3.0/5 investability rating in Port Angeles, WA reflects its $461K prices and $1,864/mo rents. Investors generally consider it a solid option within WA.
Is Port Angeles, WA better for rentals, flips, or BRRRR?
The best-fit strategy in Port Angeles, WA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 98362 now. You don’t know where it ranks.
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How 98362 ranks in Port Angeles, WA
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