Real Estate Investing in Hoodsport, Washington (98548)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98548 (Hoodsport, 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.
- High vacancy: 47.0% 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 Hoodsport, WA (98548)?
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Market Analysis: 98548 Hoodsport
Investors eyeing 98548 need to respect the fundamentals at play. Home values of $359K come alongside slower price movement and elevated management overhead.
Turning to rents, the numbers look inviting — $359K purchase price, 0.0% nominal cap — the work to hit that pro forma in 98548 is substantial and deserves full respect.
Regionally, 98548 sits on the difficult end of the WA spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
A notable renter share of 10% in 98548 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 98548 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 Hoodsport:
Property Strategy for 98548
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $286,002 | $1,030 | 2.6% | +7.4% | $286,002 |
| 2BR | $380,390 | $1,350 | 2.6% | +7.1% | $190,195 |
| 3BR | $457,521 | $1,880 | 3.0% | +7.2% | $152,507 |
Market Trends
Home Value History (with trend line)
📊 How Does 98548 Compare?
| Metric | 98548 | Hoodsport | Shelton, WA | Washington |
|---|---|---|---|---|
| Home Value | $358,560 | $358,560 | N/A | $591,536 |
| 5-Year CAGR | 3.2% | 3.2% | N/A | 5.9% |
| Avg Rent | $1,215 | $1,215 | 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 98548 (Hoodsport, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $358,560 |
| Monthly Rent | $1,215 |
| Price-to-Rent | 24.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.6% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +0.6% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 98548
Population: 2,336
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
How much should I expect to pay for a home in Hoodsport, WA?
Hoodsport, WA median home values land near $359K. That is reasonable territory for investors looking at $1,215/mo-per-month rentals.
Is the tenant base reliable in Hoodsport, WA?
Hoodsport, WA offers a predictable renter base at the $1,215/mo rent level. Tenant turnover is reasonable for well-managed properties.
What is it like being a landlord in Hoodsport, WA?
The landlord environment in Hoodsport, WA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
What type of investing works in Hoodsport, WA?
In Hoodsport, WA the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $359K prices and $1,215/mo rents suits that approach.
Do rentals sit vacant long in Hoodsport, WA?
Hoodsport, WA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 98548 now. You don’t know where it ranks.
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How 98548 ranks in Shelton, WA
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