Real Estate Investing in Sequim, Washington (98382)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98382 (Sequim, 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: 8.6% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Sequim, WA (98382)?
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Market Analysis: 98382 Sequim
This part of Clallam County is not an easy win. The 98382 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 98382 is robust only for operators who understand what they are buying. A $568K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 98382's metrics run below Clallam County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 98382 includes headwinds that any investor should price in. Income distribution skews lower than Sequim averages, and tenant stability requires active management.
Distressed ZIPs reward experience. significant returns are possible in 98382, 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 Sequim:
Property Strategy for 98382
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $430,799 | $1,040 | 1.7% | +7.6% | $430,799 |
| 2BR | $499,040 | $1,360 | 2.0% | +6.8% | $249,520 |
| 3BR | $602,731 | $1,890 | 2.3% | +6.7% | $200,910 |
| 4BR | $731,440 | $2,180 | 2.1% | +6.7% | $182,860 |
| 5BR | $891,181 | — | — | +5.9% | $178,236 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98382 Compare?
| Metric | 98382 | Sequim | Port Angeles, WA | Washington |
|---|---|---|---|---|
| Home Value | $567,658 | $567,658 | N/A | $591,536 |
| 5-Year CAGR | 3.1% | 3.1% | N/A | 5.9% |
| Avg Rent | $2,209 | $2,209 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 98382 (Sequim, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $567,658 |
| Monthly Rent | $2,209 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | 0.0% ▼ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 98382
Population: 31,225
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 98382
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
Frequently Asked Questions
Is it easy to find good tenants in Sequim, WA?
Sequim, WA offers a measured renter base at the $2,209/mo rent level. Tenant turnover is reasonable for well-managed properties.
How does Sequim, WA stack up for property investment?
The 3.0/5 investability rating in Sequim, WA reflects its $568K prices and $2,209/mo rents. Investors generally consider it a solid option within WA.
What is the average home sale price in Sequim, WA?
Sequim, WA home values average about $568K. That price point suits investors targeting rentals with $2,209/mo in monthly income.
What do rentals go for in Sequim, WA?
Rents in Sequim, WA run near $2,209/mo. Compared with median home prices of $568K that produces solid gross yields for typical rentals.
Is Sequim, WA landlord-friendly?
Landlord-friendliness in Sequim, WA is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 98382 now. You don’t know where it ranks.
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How 98382 ranks in Port Angeles, WA
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