Real Estate Investing in Seabeck, Washington (98380)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98380 (Seabeck, WA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 16.9% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Seabeck, WA (98380)?
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Market Analysis: 98380 Seabeck
This part of Kitsap County is not an easy win. The 98380 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 98380 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 98380 sits on the difficult end of the WA spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 98380 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 98380 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Seabeck:
Property Strategy for 98380
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $560,864 | $2,150 | 2.8% | — | $560,864 |
| 2BR | $617,166 | $2,820 | 3.3% | +5.0% | $308,583 |
| 3BR | $689,888 | $3,720 | 3.9% | +5.9% | $229,963 |
| 4BR | $807,996 | $4,080 | 3.6% | +5.8% | $201,999 |
Market Trends
Home Value History (with trend line)
📊 How Does 98380 Compare?
| Metric | 98380 | Seabeck | Bremerton-Silverdale-Port Orchard, WA | Washington |
|---|---|---|---|---|
| Home Value | $716,968 | $716,968 | N/A | $591,536 |
| 5-Year CAGR | 2.7% | 2.7% | N/A | 5.9% |
| Avg Rent | $2,538 | $2,538 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 98380 (Seabeck, 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 | $716,968 |
| Monthly Rent | $2,538 |
| Price-to-Rent | 23.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (2.8%). 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 98380
Population: 5,187
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 2,598 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are vacancy rates like in Seabeck, WA?
Vacancy in Seabeck, WA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,538/mo.
Is Seabeck, WA better for rentals, flips, or BRRRR?
Seabeck, WA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($717K prices, $2,538/mo rents) make it a reasonable choice.
Are rents high in Seabeck, WA?
Rents in Seabeck, WA run near $2,538/mo. Compared with median home prices of $717K that produces solid gross yields for typical rentals.
Is Seabeck, WA suited for a house hack?
The a challenging house-hack environment in Seabeck, WA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the investability score for Seabeck, WA?
Seabeck, WA posts an investability rating of 3.0/5, with median home values near $717K and average rents around $2,538/mo. That combination puts it in the impressive tier for investor interest.
You know 98380 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98380 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 98380 ranks in Bremerton-Silverdale-Port Orchard, WA
Every ZIP in this metro, ranked. Free.
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