Real Estate Investing in Bingen, Washington (98605)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98605 (Bingen, WA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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 Bingen, WA (98605)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98605 Bingen
This part of Skamania County is not an easy win. The 98605 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $438K asset, 98605 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 98605 and stronger Bingen ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Looking more closely, 1,336 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.
New investors are better served looking at Bingen's stable or hybrid ZIPs before stepping into 98605. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Bingen:
Property Strategy for 98605
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $399,949 | $1,800 | 3.2% | +7.7% | $199,975 |
| 3BR | $481,167 | $2,470 | 3.7% | +7.9% | $160,389 |
Market Trends
Home Value History (with trend line)
📊 How Does 98605 Compare?
| Metric | 98605 | Bingen | Washington |
|---|---|---|---|
| Home Value | $437,551 | $437,551 | $591,536 |
| 5-Year CAGR | 3.5% | 3.5% | 5.9% |
| Avg Rent | $1,620 | $1,620 | - |
| 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 98605 (Bingen, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $437,551 |
| Monthly Rent | $1,620 |
| Price-to-Rent | 22.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | +1.9% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 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 (2.9%). 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 98605
Population: 1,336
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
🎓 Schools in 98605
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
What is the average home sale price in Bingen, WA?
Bingen, WA median home values land near $438K. That is reasonable territory for investors looking at $1,620/mo-per-month rentals.
What is the average monthly rent in Bingen, WA?
Investors in Bingen, WA typically see rents near $1,620/mo per month against $438K home values - a solid setup for rental cash flow.
Are eviction rules reasonable in Bingen, WA?
Bingen, WA operates under WA law, which is tenant-protective overall for landlords. Expect steady treatment in typical lease and eviction cases.
Is real estate in Bingen, WA a good investment right now?
Investors tracking Bingen, WA will find a 3.0/5 rating supported by $438K median home values and $1,620/mo rents. That profile suits long-term holders targeting consistent returns.
What is the renter demographic in Bingen, WA?
Tenant demand in Bingen, WA is solid. The local workforce $1,620/mo rents across most rental classes.
You know 98605 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98605 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 98605 ranks in Portland-Vancouver-Hillsboro, OR-WA
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