Real Estate Investing in Suquamish, Washington (98392)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98392 (Suquamish, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Suquamish, WA (98392)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98392 Suquamish
From a cash-flow lens, ZIP 98392 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $490K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $490K asset, 98392 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within WA, ZIP 98392 trails on several market indicators that neighboring Kitsap County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Who lives in 98392 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 98392 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 Suquamish:
Property Strategy for 98392
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $415,921 | $1,860 | 3.2% | +5.3% | $207,960 |
| 3BR | $487,757 | $2,420 | 3.6% | +6.1% | $162,586 |
Market Trends
Home Value History (with trend line)
📊 How Does 98392 Compare?
| Metric | 98392 | Suquamish | Bremerton-Silverdale-Port Orchard, WA | Washington |
|---|---|---|---|---|
| Home Value | $490,056 | $490,056 | N/A | $591,536 |
| 5-Year CAGR | 3.1% | 3.1% | N/A | 5.9% |
| Avg Rent | $1,674 | $1,674 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
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 98392 (Suquamish, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98392 (Suquamish, WA)?
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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 | $490,056 |
| Monthly Rent | $1,674 |
| Price-to-Rent | 24.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (2.7%). 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 98392
Population: 3,412
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 98392
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 6,651 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are homes affordable in Suquamish, WA?
The median home value in Suquamish, WA is roughly $490K. That puts it reasonable relative to the WA statewide average.
How viable is house hacking in Suquamish, WA?
For house hackers, Suquamish, WA is a challenging. The $1,674/mo rent on a unit helps defray the mortgage on a $490K property.
Are tenants stable in Suquamish, WA?
Suquamish, WA offers a predictable renter base at the $1,674/mo rent level. Tenant turnover is reasonable for well-managed properties.
Are rents high in Suquamish, WA?
Rent in Suquamish, WA is around $1,674/mo. The resulting rent-to-value relationship with $490K pricing is reasonable for most investor models.
What is the typical vacancy rate in Suquamish, WA?
Suquamish, WA sees elevated vacancy, which is reasonable relative to the broader WA rental market.
You know 98392 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98392 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 98392 ranks in Bremerton-Silverdale-Port Orchard, WA
Every ZIP in this metro, ranked. Free.
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