Real Estate Investing in Seaview, Washington (98644)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98644 (Seaview, WA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 46.6% 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 34.9 — hard to cash-flow at these prices.
- Lower household income: $31,809 median — tenant affordability is tighter.
• 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 Seaview, WA (98644)?
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Market Analysis: 98644 Seaview
ZIP 98644 in Seaview, WA carries a impressive set of headwinds. Home values near $377K and rents of $900/mo sit inside a market where underwriting has to be tight.
The 98644 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 98644 and stronger Seaview ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 98644 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 98644 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 Seaview:
Market Trends
Home Value History (with trend line)
📊 How Does 98644 Compare?
| Metric | 98644 | Seaview | Washington |
|---|---|---|---|
| Home Value | $377,338 | $377,338 | $591,536 |
| 5-Year CAGR | 4.2% | 4.2% | 5.9% |
| Avg Rent | $900 | $900 | - |
| Cap Rate | 1.9% | 1.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 98644 (Seaview, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $377,338 |
| Monthly Rent | $900 |
| Price-to-Rent | 34.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 6.1% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 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 (1.9%). 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 98644
Population: 686
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 Seaview, WA a good place for real estate investing?
Seaview, WA scores 3.0/5 for investability. Home values sit at $377K and rents near $900/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What strategy should investors use in Seaview, WA?
For Seaview, WA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How much should I expect to pay for a home in Seaview, WA?
The median home value in Seaview, WA is roughly $377K. That puts it reasonable relative to the WA statewide average.
Is it easy to find good tenants in Seaview, WA?
Working renters make up the core of the Seaview, WA tenant base. The pool is reasonable for investors targeting long-term holds.
What are vacancy rates like in Seaview, WA?
Expect elevated vacancy in Seaview, WA. Rents at $900/mo are absorbed by the tenant base without meaningful lag.
You know 98644 now. You don’t know where it ranks.
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