Real Estate Investing in Vancouver, Washington (98662)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98662 (Vancouver, 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 Vancouver, WA (98662)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98662 Vancouver
On balance, ZIP 98662 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $483K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $483K asset, 98662 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 98662's metrics run below Clark County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 98662 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 98662 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 Vancouver:
Property Strategy for 98662
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $345,725 | $1,980 | 4.1% | +4.5% | $172,862 |
| 3BR | $456,007 | $2,700 | 4.3% | +5.6% | $152,002 |
| 4BR | $546,605 | $3,200 | 4.2% | +6.2% | $136,651 |
| 5BR | $636,996 | — | — | +7.0% | $127,399 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98662 Compare?
| Metric | 98662 | Vancouver | Washington |
|---|---|---|---|
| Home Value | $483,418 | $509,726 | $591,536 |
| 5-Year CAGR | 2.9% | 3.0% | 5.9% |
| Avg Rent | $1,838 | $1,896 | - |
| Cap Rate | 3.0% | 2.9% | - |
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 98662 (Vancouver, WA). Anonymous, moderated, never written by AI.
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Property managers serving Clark County
Manage rentals here? List your business →Blue Key Property Management offers expert property management services for single-family home rentals, duplexes, condos, and townhouses in Vancouver, WA and Portland, OR. summary from their website
Dove Property Management provides full-service property management in Vancouver, WA, specializing in single-family homes, townhouses, condominiums, plexes, and multi-family apartment communities. summary from their website
Pac1 Realty, LLC is a commercial real estate firm in Southwest Washington offering agency leasing, tenant representation, sales, and property management services. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $483,418 |
| Monthly Rent | $1,838 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | +0.1% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +2.2% ▲ |
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 98662
Population: 38,008
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 98662
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,896 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Vancouver, WA for real estate investors?
Our data puts Vancouver, WA at 3.0/5 for investability. Home prices of $483K and rents around $1,838/mo create a solid backdrop for investor activity.
Can owner-occupants cash flow in Vancouver, WA?
The house hack math a challenging in Vancouver, WA. Owner-occupant buyers benefit from the $1,838/mo rents and $483K home values.
What kind of vacancy should I budget for in Vancouver, WA?
Expect elevated vacancy in Vancouver, WA. Rents at $1,838/mo are absorbed by the tenant base without meaningful lag.
How expensive is real estate in Vancouver, WA?
Homes in Vancouver, WA typically sell near $483K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
What is the average monthly rent in Vancouver, WA?
Investors in Vancouver, WA typically see rents near $1,838/mo per month against $483K home values - a solid setup for rental cash flow.
You know 98662 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98662 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 98662 ranks in Portland-Vancouver-Hillsboro, OR-WA
Every ZIP in this metro, ranked. Free.
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