Real Estate Investing in Camas, Washington (98607)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98607 (Camas, 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.
- High price-to-rent: Price-to-rent ratio 28.1 — hard to cash-flow at these prices.
What’s happening in Camas, WA (98607)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98607 Camas
Not every below-median market is a bargain. Camas's 98607 ZIP stands at signals that favor experienced operators who can absorb the risk $751K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 98607 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within WA, ZIP 98607 trails on several market indicators that neighboring Clark County submarkets outperform. The gap is real and robust enough to shape underwriting.
The demographic picture in 98607 includes headwinds that any investor should price in. Income distribution skews lower than Camas averages, and tenant stability requires active management.
The 98607 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Camas:
Property Strategy for 98607
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $421,059 | $2,110 | 3.6% | +5.5% | $210,529 |
| 3BR | $642,455 | $2,880 | 3.2% | +7.0% | $214,152 |
| 4BR | $806,930 | $3,410 | 3.0% | +7.0% | $201,733 |
| 5BR | $976,653 | — | — | +7.7% | $195,331 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98607 Compare?
| Metric | 98607 | Camas | Washington |
|---|---|---|---|
| Home Value | $751,435 | $751,435 | $591,536 |
| 5-Year CAGR | 3.5% | 3.5% | 5.9% |
| Avg Rent | $2,227 | $2,227 | - |
| Cap Rate | 2.3% | 2.3% | - |
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 98607 (Camas, WA). Anonymous, moderated, never written by AI.
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Property managers serving Clark County
Manage rentals here? List your business →Blue Key Property Management offers expert property management services for single-family home rentals, duplexes, condos, and townhouses in Vancouver, WA and Portland, OR. summary from their website
Dove Property Management provides full-service property management in Vancouver, WA, specializing in single-family homes, townhouses, condominiums, plexes, and multi-family apartment communities. summary from their website
Pac1 Realty, LLC is a commercial real estate firm in Southwest Washington offering agency leasing, tenant representation, sales, and property management services. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $751,435 |
| Monthly Rent | $2,227 |
| Price-to-Rent | 28.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | -3.8% ▼ |
| 3-Year CAGR | +0.1% ▲ |
| 5-Year CAGR | +2.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.3%). 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 98607
Population: 35,661
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 98607
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 6,297 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are renters plentiful in Camas, WA?
The renter base in Camas, WA is reasonable for the $2,227/mo price point. Screening well and pricing to market typically yields steady tenants.
How does Camas, WA stack up for property investment?
Camas, WA rates 3.0/5 for investability. With median values at $751K and rents near $2,227/mo, the market offers reasonable fundamentals for rental investors.
What is the median home value in Camas, WA?
The median home value in Camas, WA is roughly $751K. That puts it reasonable relative to the WA statewide average.
What approach is best for Camas, WA real estate?
Most investors in Camas, WA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What is the typical vacancy rate in Camas, WA?
Camas, WA carries elevated vacancy risk. Expect even-keeled absorption at market rents of $2,227/mo.
You know 98607 now. You don’t know where it ranks.
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How 98607 ranks in Portland-Vancouver-Hillsboro, OR-WA
Every ZIP in this metro, ranked. Free.
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