Real Estate Investing in Goldendale, Washington (98620)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98620 (Goldendale, 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.
What’s happening in Goldendale, WA (98620)?
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Market Analysis: 98620 Goldendale
The 98620 ZIP in Goldendale, WA is a local-operator market. Outside capital chasing a $323K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 98620 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within WA, ZIP 98620 trails on several market indicators that neighboring Klickitat County submarkets outperform. The gap is real and substantial enough to shape underwriting.
The 98620 ZIP's population of 7,617 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
The 98620 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 Goldendale:
Property Strategy for 98620
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $236,747 | $900 | 2.7% | +6.3% | $236,747 |
| 2BR | $242,044 | $1,180 | 3.5% | +7.7% | $121,022 |
| 3BR | $333,096 | $1,410 | 3.0% | +6.6% | $111,032 |
| 4BR | $401,874 | $1,610 | 2.9% | +6.7% | $100,469 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98620 Compare?
| Metric | 98620 | Goldendale | Washington |
|---|---|---|---|
| Home Value | $322,783 | $322,783 | $591,536 |
| 5-Year CAGR | 2.5% | 2.5% | 5.9% |
| Avg Rent | $1,250 | $1,250 | - |
| Cap Rate | 3.0% | 3.0% | - |
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 98620 (Goldendale, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $322,783 |
| Monthly Rent | $1,250 |
| Price-to-Rent | 21.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.0%). 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 98620
Population: 7,617
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 98620
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 strong is Goldendale, WA for real estate investors?
Our data puts Goldendale, WA at 3.0/5 for investability. Home prices of $323K and rents around $1,250/mo create a solid backdrop for investor activity.
Are there empty rentals in Goldendale, WA?
Goldendale, WA carries elevated vacancy risk. Expect predictable absorption at market rents of $1,250/mo.
Does Goldendale, WA favor landlords or tenants?
Goldendale, WA falls under WA landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
Is house hacking profitable in Goldendale, WA?
The a challenging house-hack environment in Goldendale, WA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What do landlords charge for rent in Goldendale, WA?
The typical rental in Goldendale, WA commands about $1,250/mo monthly. That rent profile reliable cash flow against the $323K purchase basis.
You know 98620 now. You don’t know where it ranks.
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Community Ratings
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