Real Estate Investing in Glenwood, Washington (98619)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98619 (Glenwood, 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.
- Elevated vacancy: 8.5% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 31.0 — 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 Glenwood, WA (98619)?
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Market Analysis: 98619 Glenwood
Not every below-median market is a bargain. Glenwood's 98619 ZIP comes in at signals that favor experienced operators who can absorb the risk $395K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 98619 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 98619 and stronger Glenwood ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 98619 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 98619 is an operator game, not a passive one. On the rental side, entry prices of $395K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Glenwood:
Market Trends
Home Value History (with trend line)
📊 How Does 98619 Compare?
| Metric | 98619 | Glenwood | Yakima, WA | Washington |
|---|---|---|---|---|
| Home Value | $394,643 | $394,643 | N/A | $591,536 |
| 5-Year CAGR | 2.3% | 2.3% | N/A | 5.9% |
| Avg Rent | $1,062 | $1,062 | N/A | - |
| 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 98619 (Glenwood, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $394,643 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 31.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 4.4% |
📈 Home Appreciation
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +2.3% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 98619
Population: 674
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 98619
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 do rentals go for in Glenwood, WA?
Glenwood, WA rentals go for roughly $1,062/mo a month. That puts gross yield in solid territory relative to $395K acquisition costs.
What type of investing works in Glenwood, WA?
Most investors in Glenwood, 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.
How does Glenwood, WA stack up for property investment?
With a 3.0/5 investability score, Glenwood, WA ranks as a solid market for rental property investors. Median prices of $395K and rents of $1,062/mo drive the underlying numbers.
What does house hacking look like in Glenwood, WA?
House hacking works a challenging in Glenwood, WA. Rents of $1,062/mo against $395K acquisition make the strategy solid for owner-occupants.
How strict are landlord regulations in Glenwood, WA?
For rental operators, Glenwood, WA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
You know 98619 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98619 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 98619 ranks in Yakima, WA
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