Real Estate Investing in Klickitat, Washington (98628)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98628 (Klickitat, 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: 21.7% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• 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 Klickitat, WA (98628)?
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Market Analysis: 98628 Klickitat
ZIP 98628 inside Klickitat County looks affordable on the surface — median value of $211K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $990/mo on a $211K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 98628 sits below the stated 0.0% once reality is priced in.
Within WA, ZIP 98628 trails on several market indicators that neighboring Klickitat County submarkets outperform. The gap is real and significant enough to shape underwriting.
Demographically, 98628 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 98628 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 Klickitat:
Market Trends
Home Value History (with trend line)
📊 How Does 98628 Compare?
| Metric | 98628 | Klickitat | Washington |
|---|---|---|---|
| Home Value | $210,541 | $210,541 | $591,536 |
| 5-Year CAGR | 2.8% | 2.8% | 5.9% |
| Avg Rent | $990 | $990 | - |
| Cap Rate | 3.7% | 3.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 98628 (Klickitat, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $210,541 |
| Monthly Rent | $990 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +9.4% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +10.7% ▲ |
🏠 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 (3.7%). 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 98628
Population: 530
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 98628
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
Does house hacking make sense in Klickitat, WA?
The a challenging house-hack environment in Klickitat, WA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Klickitat in WA worth investing in?
Klickitat, WA scores 3.0/5 for investability. Home values sit at $211K and rents near $990/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What are home prices like in Klickitat, WA?
In Klickitat, WA the median home value sits at $211K. Against the broader WA market, that reads as reasonable for most investors.
How strong are rents in Klickitat, WA?
Rent in Klickitat, WA is around $990/mo. The resulting rent-to-value relationship with $211K pricing is reasonable for most investor models.
Are renters plentiful in Klickitat, WA?
The tenant pool in Klickitat, WA is solid, supported by local employment and population fundamentals. Rents of $990/mo are well-absorbed by the market.
You know 98628 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98628 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.
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Community Ratings
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