Real Estate Investing in Raymond, Washington (98577)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98577 (Raymond, WA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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 Raymond, WA (98577)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98577 Raymond
ZIP 98577 inside Pacific County looks affordable on the surface — median value of $303K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 98577 can be a an appealing option for hunting ground — but the discount at $303K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 98577 among WA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
On the rental side, 7,458 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 98577 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 Raymond:
Property Strategy for 98577
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $272,903 | $1,240 | 3.3% | +9.2% | $136,452 |
| 3BR | $338,412 | $1,700 | 3.6% | +8.9% | $112,804 |
| 4BR | $365,945 | $2,080 | 4.1% | +7.8% | $91,486 |
Market Trends
Home Value History (with trend line)
📊 How Does 98577 Compare?
| Metric | 98577 | Raymond | Washington |
|---|---|---|---|
| Home Value | $302,614 | $302,614 | $591,536 |
| 5-Year CAGR | 3.8% | 3.8% | 5.9% |
| Avg Rent | $1,116 | $1,116 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 98577 (Raymond, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $302,614 |
| Monthly Rent | $1,116 |
| Price-to-Rent | 22.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +9.4% ▲ |
🏠 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 (2.9%). 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 98577
Population: 7,458
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 98577
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.
Frequently Asked Questions
Is rental property easy to operate in Raymond, WA?
WA law tenant-protective for landlords, and Raymond inherits those rules. Investors should still review local ordinances for rental licensing.
How much do tenants pay in Raymond, WA?
The typical rental in Raymond, WA commands about $1,116/mo monthly. That rent profile predictable cash flow against the $303K purchase basis.
How strong is tenant demand in Raymond, WA?
Expect a solid tenant pool in Raymond, WA. The rental market absorbs $1,116/mo rents without meaningful friction.
Is house hacking profitable in Raymond, WA?
For house hackers, Raymond, WA is a challenging. The $1,116/mo rent on a unit helps defray the mortgage on a $303K property.
Is housing expensive in Raymond, WA?
Expect median prices around $303K in Raymond, WA. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
You know 98577 now. You don’t know where it ranks.
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