Real Estate Investing in Silverdale, Washington (98383)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98383 (Silverdale, 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.
- High price-to-rent: Price-to-rent ratio 25.4 — hard to cash-flow at these prices.
What’s happening in Silverdale, WA (98383)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98383 Silverdale
ZIP 98383 in Silverdale, WA carries a durable set of headwinds. Home values near $606K and rents of $1,994/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $606K asset, 98383 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 98383 among WA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A significant renter share of 44% in 98383 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 98383 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Silverdale:
Property Strategy for 98383
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $442,459 | $2,380 | 3.9% | +3.7% | $221,230 |
| 3BR | $548,113 | $3,140 | 4.1% | +4.7% | $182,704 |
| 4BR | $664,813 | $3,450 | 3.7% | +5.0% | $166,203 |
| 5BR | $745,891 | — | — | +5.1% | $149,178 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98383 Compare?
| Metric | 98383 | Silverdale | Bremerton-Silverdale-Port Orchard, WA | Washington |
|---|---|---|---|---|
| Home Value | $606,412 | $303,206 | N/A | $591,536 |
| 5-Year CAGR | 2.3% | 2.3% | N/A | 5.9% |
| Avg Rent | $1,994 | $1,994 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
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 98383 (Silverdale, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98383 (Silverdale, WA)?
~25 seconds · no account needed · your report is anonymous
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 | $606,412 |
| Monthly Rent | $1,994 |
| Price-to-Rent | 25.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 4.9% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +2.3% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +0.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.6%). 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 98383
Population: 22,047
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 98383
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
Which real estate strategy fits Silverdale, WA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Silverdale, WA. The numbers - $606K homes against $1,994/mo rents - support that play.
What is the tenant pool like in Silverdale, WA?
The tenant pool in Silverdale, WA is solid, supported by local employment and population fundamentals. Rents of $1,994/mo are well-absorbed by the market.
How landlord-friendly is Silverdale, WA?
The landlord environment in Silverdale, WA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
How viable is house hacking in Silverdale, WA?
The house hack math a challenging in Silverdale, WA. Owner-occupant buyers benefit from the $1,994/mo rents and $606K home values.
Does Silverdale, WA make sense for an investment property?
With a 3.0/5 investability score, Silverdale, WA ranks as a solid market for rental property investors. Median prices of $606K and rents of $1,994/mo drive the underlying numbers.
You know 98383 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98383 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 98383 ranks in Bremerton-Silverdale-Port Orchard, WA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 98383 (Silverdale)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 98383 (Silverdale, WA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.