Real Estate Investing in Naselle, Washington (98614)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98614 (Naselle, WA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 21.0% 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 30.6 — hard to cash-flow at these prices.
• 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 Naselle, WA (98614)?
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Market Analysis: 98614 Naselle
ZIP 98614 in Naselle, WA carries a resilient set of headwinds. Home values near $410K and rents of $1,116/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 98614 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Meanwhile, 98614 offers a low basis, the region around Naselle has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 98614 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 98614 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Naselle:
Market Trends
Home Value History (with trend line)
📊 How Does 98614 Compare?
| Metric | 98614 | Naselle | Washington |
|---|---|---|---|
| Home Value | $409,650 | $406,155 | $591,536 |
| 5-Year CAGR | 3.9% | 3.8% | 5.9% |
| Avg Rent | $1,116 | $1,112 | - |
| Cap Rate | 2.1% | 2.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 98614 (Naselle, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $409,650 |
| Monthly Rent | $1,116 |
| Price-to-Rent | 30.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 6.0% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (2.1%). 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 98614
Population: 591
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is Naselle, WA a smart market for rental property?
Yes - Naselle, WA a 3.0/5 investability score. With $410K home prices against $1,116/mo monthly rent, the market delivers a reasonable entry point for new investors.
How strong is the working-renter base in Naselle, WA?
Naselle, WA offers a reliable renter base at the $1,116/mo rent level. Tenant turnover is reasonable for well-managed properties.
What is the average monthly rent in Naselle, WA?
The typical rental in Naselle, WA commands about $1,116/mo monthly. That rent profile measured cash flow against the $410K purchase basis.
Does a duplex house hack pencil in Naselle, WA?
House hacking works a challenging in Naselle, WA. Rents of $1,116/mo against $410K acquisition make the strategy solid for owner-occupants.
How do experienced investors play Naselle, WA?
For Naselle, WA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 98614 now. You don’t know where it ranks.
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