Real Estate Investing in Port Orchard, Washington (98367)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98367 (Port Orchard, 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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Port Orchard, WA (98367)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98367 Port Orchard
The 98367 ZIP covers a section of Port Orchard that demands careful diligence. Prices near $623K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $623K asset, 98367 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 98367 sits on the difficult end of the WA spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 98367 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. robust returns are possible in 98367, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Port Orchard:
Property Strategy for 98367
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $417,261 | $1,610 | 2.8% | +5.9% | $417,261 |
| 2BR | $512,039 | $2,110 | 3.0% | +5.8% | $256,019 |
| 3BR | $584,394 | $2,780 | 3.4% | +5.6% | $194,798 |
| 4BR | $653,861 | $3,060 | 3.4% | +5.8% | $163,465 |
| 5BR | $680,161 | — | — | +5.2% | $136,032 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98367 Compare?
| Metric | 98367 | Port Orchard | Bremerton-Silverdale-Port Orchard, WA | Washington |
|---|---|---|---|---|
| Home Value | $622,820 | $566,848 | N/A | $591,536 |
| 5-Year CAGR | 2.8% | 2.6% | N/A | 5.9% |
| Avg Rent | $2,597 | $2,281 | N/A | - |
| Cap Rate | 3.3% | 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 98367 (Port Orchard, 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 | $622,820 |
| Monthly Rent | $2,597 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 6.0% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 Rent Trends
| 1-Year | +25.8% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 98367
Population: 32,203
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 98367
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 2,598 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Port Orchard, WA?
Expect median prices around $623K in Port Orchard, WA. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
Is it easy to find good tenants in Port Orchard, WA?
The renter base in Port Orchard, WA is reasonable for the $2,597/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
What is the rental occupancy rate in Port Orchard, WA?
Occupancy in Port Orchard, WA runs even-keeled with elevated vacancy. Well-priced units at $2,597/mo lease on reasonable timelines.
Can I house hack in Port Orchard, WA?
Port Orchard, WA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $623K price point reasonable to enter.
Is Port Orchard, WA a friendly market for rental owners?
Port Orchard, WA falls under WA landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
You know 98367 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98367 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 98367 ranks in Bremerton-Silverdale-Port Orchard, WA
Every ZIP in this metro, ranked. Free.
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