Real Estate Investing in Grayland, Washington (98547)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98547 (Grayland, 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: 53.5% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 25.1 — hard to cash-flow at these prices.
- Lower household income: $39,704 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Grayland, WA (98547)?
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Market Analysis: 98547 Grayland
This part of Pacific County is not an easy win. The 98547 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 98547 is substantial only for operators who understand what they are buying. A $285K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 98547 among WA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 98547 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 98547 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 Grayland:
Market Trends
Home Value History (with trend line)
📊 How Does 98547 Compare?
| Metric | 98547 | Grayland | Aberdeen, WA | Washington |
|---|---|---|---|---|
| Home Value | $285,081 | $285,081 | N/A | $591,536 |
| 5-Year CAGR | 2.9% | 2.9% | N/A | 5.9% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 98547 (Grayland, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $285,081 |
| Monthly Rent | $945 |
| Price-to-Rent | 25.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +8.9% ▲ |
🏠 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 (2.6%). 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 98547
Population: 1,206
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
Frequently Asked Questions
Is Grayland, WA a good place for real estate investing?
Our data puts Grayland, WA at 3.0/5 for investability. Home prices of $285K and rents around $945/mo create a solid backdrop for investor activity.
What kind of tenants rent in Grayland, WA?
Working renters make up the core of the Grayland, WA tenant base. The pool is reasonable for investors targeting long-term holds.
What is the typical vacancy rate in Grayland, WA?
Grayland, WA sees elevated vacancy, which is reasonable relative to the broader WA rental market.
Can owner-occupants cash flow in Grayland, WA?
House hacking in Grayland, WA is reasonable to execute. Prices around $285K and rents of $945/mo solid owner-occupant economics.
How much do tenants pay in Grayland, WA?
Rents in Grayland, WA run near $945/mo. Compared with median home prices of $285K that produces solid gross yields for typical rentals.
You know 98547 now. You don’t know where it ranks.
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How 98547 ranks in Aberdeen, WA
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