Real Estate Investing in Centerville, Washington (98613)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98613 (Centerville, WA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 14.3% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.2% CAGR).
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 7.8% unemployment — tenant risk signal.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Centerville, WA (98613)?
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Market Analysis: 98613 Centerville
This part of Klickitat County is not an easy win. The 98613 ZIP clocks in at 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 $377K asset, 98613 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Centerville have seen price recovery that 98613 has not matched. Klickitat County data supports the view that the spread is structural rather than temporary.
The 98613 ZIP's population of 462 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Experienced landlords with local relationships tend to find 98613 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 Centerville:
Market Trends
Home Value History (with trend line)
📊 How Does 98613 Compare?
| Metric | 98613 | Centerville | Washington |
|---|---|---|---|
| Home Value | $376,671 | $376,671 | $591,536 |
| 5-Year CAGR | 1.2% | 1.2% | 5.9% |
| Avg Rent | $1,341 | $1,341 | - |
| Cap Rate | 2.8% | 2.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 98613 (Centerville, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $376,671 |
| Monthly Rent | $1,341 |
| Price-to-Rent | 23.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 4.0% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +1.2% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (2.8%). 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 98613
Population: 462
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 98613
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
How do home values compare in Centerville, WA?
Expect median prices around $377K in Centerville, WA. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
What is the typical renter like in Centerville, WA?
Centerville, WA draws a reliable base of working renters. Demand at the $1,341/mo rent level is reasonable for standard single-family and small multi rentals.
Does Centerville, WA make sense for an investment property?
Centerville, WA rates 2.0/5 for investability. With median values at $377K and rents near $1,341/mo, the market offers reasonable fundamentals for rental investors.
Is Centerville, WA landlord-friendly?
Centerville, WA falls under WA landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
How quickly do rentals get leased in Centerville, WA?
Expect elevated vacancy in Centerville, WA. Rents at $1,341/mo are absorbed by the tenant base without meaningful lag.
You know 98613 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98613 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.
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