Real Estate Investing in Port Angeles, Washington (98363)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98363 (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.
- High vacancy: 13.3% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Port Angeles, WA (98363)?
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Market Analysis: 98363 Port Angeles
The 98363 ZIP covers a section of Port Angeles that demands careful diligence. Prices near $461K look accessible, but the work to make a deal cash flow is real.
Rent of $1,800/mo on a $461K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 98363 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Port Angeles have seen price recovery that 98363 has not matched. Clallam County data supports the view that the spread is structural rather than temporary.
The demographic picture in 98363 includes headwinds that any investor should price in. Income distribution skews lower than Port Angeles averages, and tenant stability requires active management.
New investors are better served looking at Port Angeles's stable or hybrid ZIPs before stepping into 98363. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Port Angeles:
Property Strategy for 98363
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $378,658 | $1,040 | 2.0% | +8.2% | $378,658 |
| 2BR | $401,093 | $1,360 | 2.4% | +7.8% | $200,547 |
| 3BR | $464,856 | $1,890 | 2.9% | +7.2% | $154,952 |
| 4BR | $503,587 | $2,180 | 3.1% | +7.1% | $125,897 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98363 Compare?
| Metric | 98363 | Port Angeles | Port Angeles, WA | Washington |
|---|---|---|---|---|
| Home Value | $461,330 | $461,182 | N/A | $591,536 |
| 5-Year CAGR | 4.5% | 4.3% | N/A | 5.9% |
| Avg Rent | $1,800 | $1,832 | N/A | - |
| Cap Rate | 3.0% | 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 98363 (Port Angeles, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $461,330 |
| Monthly Rent | $1,800 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 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 (3.0%). 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 98363
Population: 14,644
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 98363
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.
Frequently Asked Questions
What are home prices like in Port Angeles, WA?
In Port Angeles, WA the median home value sits at $461K. Against the broader WA market, that reads as reasonable for most investors.
Does Port Angeles, WA favor landlords or tenants?
For rental operators, Port Angeles, WA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
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.
Does house hacking make sense in Port Angeles, WA?
The a challenging house-hack environment in Port Angeles, WA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How quickly do rentals get leased in Port Angeles, WA?
Port Angeles, WA sees elevated vacancy, which is reasonable relative to the broader WA rental market.
You know 98363 now. You don’t know where it ranks.
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How 98363 ranks in Port Angeles, WA
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