Real Estate Investing in Tahuya, Washington (98588)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98588 (Tahuya, 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: 46.1% 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 27.6 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Tahuya, WA (98588)?
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Market Analysis: 98588 Tahuya
Investors eyeing 98588 need to respect the fundamentals at play. Home values of $444K come alongside slower price movement and elevated management overhead.
Rent of $1,341/mo on a $444K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 98588 sits below the stated 0.0% once reality is priced in.
ZIP 98588's metrics run below Mason County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 98588 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 98588 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 Tahuya:
Property Strategy for 98588
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $301,243 | $1,130 | 2.7% | +5.1% | $301,243 |
| 2BR | $479,577 | $1,490 | 2.2% | +6.0% | $239,788 |
| 3BR | $565,444 | $2,040 | 2.6% | +6.0% | $188,481 |
Market Trends
Home Value History (with trend line)
📊 How Does 98588 Compare?
| Metric | 98588 | Tahuya | Shelton, WA | Washington |
|---|---|---|---|---|
| Home Value | $444,382 | $444,382 | N/A | $591,536 |
| 5-Year CAGR | 2.7% | 2.7% | N/A | 5.9% |
| Avg Rent | $1,341 | $1,341 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 98588 (Tahuya, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $444,382 |
| Monthly Rent | $1,341 |
| Price-to-Rent | 27.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 5.1% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 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 (2.4%). 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 98588
Population: 1,797
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 high is vacancy risk in Tahuya, WA?
Tahuya, WA sees elevated vacancy, which is reasonable relative to the broader WA rental market.
What is the typical rental rate in Tahuya, WA?
Rent in Tahuya, WA is around $1,341/mo. The resulting rent-to-value relationship with $444K pricing is reasonable for most investor models.
How landlord-friendly is Tahuya, WA?
WA ranks as a tenant-protective state for landlord-tenant law. Tahuya generally follows the statewide framework, so landlords face reasonable operating rules.
Are tenants stable in Tahuya, WA?
The tenant pool in Tahuya, WA is solid, supported by local employment and population fundamentals. Rents of $1,341/mo are well-absorbed by the market.
How does Tahuya, WA stack up for property investment?
With a 3.0/5 investability score, Tahuya, WA ranks as a solid market for rental property investors. Median prices of $444K and rents of $1,341/mo drive the underlying numbers.
You know 98588 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98588 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 98588 ranks in Shelton, WA
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