Real Estate Investing in Washougal, Washington (98671)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98671 (Washougal, 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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 26.1 — hard to cash-flow at these prices.
What’s happening in Washougal, WA (98671)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98671 Washougal
Not every below-median market is a bargain. Washougal's 98671 ZIP records signals that favor experienced operators who can absorb the risk $644K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $644K asset, 98671 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 98671'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.
The 98671 ZIP's population of 23,669 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Strategy in 98671 is an operator game, not a passive one. On the rental side, entry prices of $644K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Washougal:
Property Strategy for 98671
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $387,052 | $1,580 | 2.9% | +3.7% | $387,052 |
| 2BR | $404,074 | $1,800 | 3.2% | +5.3% | $202,037 |
| 3BR | $584,470 | $2,470 | 3.0% | +6.5% | $194,823 |
| 4BR | $733,199 | $2,900 | 2.8% | +6.8% | $183,300 |
| 5BR | $921,927 | — | — | +7.3% | $184,385 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98671 Compare?
| Metric | 98671 | Washougal | Washington |
|---|---|---|---|
| Home Value | $643,908 | $643,908 | $591,536 |
| 5-Year CAGR | 3.4% | 3.4% | 5.9% |
| Avg Rent | $2,056 | $2,056 | - |
| Cap Rate | 2.5% | 2.5% | - |
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 98671 (Washougal, 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 | $643,908 |
| Monthly Rent | $2,056 |
| Price-to-Rent | 26.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). 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 98671
Population: 23,669
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 98671
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 2,401 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical home price in Washougal, WA?
Homes in Washougal, WA typically sell near $644K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
What type of investing works in Washougal, WA?
Investors usually favor careful cash-flow rentals with hands-on management in Washougal, WA. With home values at $644K and rents near $2,056/mo, other strategies can work but produce consistent rather than outsized returns.
Are tenants stable in Washougal, WA?
Washougal, WA draws a measured base of working renters. Demand at the $2,056/mo rent level is reasonable for standard single-family and small multi rentals.
What is the rental occupancy rate in Washougal, WA?
Washougal, WA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Does house hacking work in Washougal, WA?
House hacking works a challenging in Washougal, WA. Rents of $2,056/mo against $644K acquisition make the strategy solid for owner-occupants.
You know 98671 now. You don’t know where it ranks.
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How 98671 ranks in Portland-Vancouver-Hillsboro, OR-WA
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