Real Estate Investing in East Wenatchee, Washington (98802)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98802 (East Wenatchee, 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 East Wenatchee, WA (98802)?
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Market Analysis: 98802 East Wenatchee
ZIP 98802 inside Douglas County looks affordable on the surface — median value of $520K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 98802 is substantial only for operators who understand what they are buying. A $520K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in East Wenatchee have seen price recovery that 98802 has not matched. Douglas County data supports the view that the spread is structural rather than temporary.
Resident income in 98802 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in East Wenatchee:
Property Strategy for 98802
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $378,852 | $1,200 | 2.3% | +2.9% | $378,852 |
| 2BR | $394,613 | $1,580 | 2.9% | +4.4% | $197,306 |
| 3BR | $495,073 | $2,170 | 3.2% | +5.0% | $165,024 |
| 4BR | $619,124 | $2,650 | 3.1% | +5.2% | $154,781 |
| 5BR | $714,687 | — | — | +5.3% | $142,937 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98802 Compare?
| Metric | 98802 | East Wenatchee | Wenatchee, WA | Washington |
|---|---|---|---|---|
| Home Value | $520,483 | $520,483 | N/A | $591,536 |
| 5-Year CAGR | 3.5% | 3.5% | N/A | 5.9% |
| Avg Rent | $2,240 | $2,240 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 98802 (East Wenatchee, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $520,483 |
| Monthly Rent | $2,240 |
| Price-to-Rent | 19.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | -4.6% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 98802
Population: 32,170
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 98802
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 1,302 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is East Wenatchee, WA a good market for buy-and-hold investors?
Our data puts East Wenatchee, WA at 3.0/5 for investability. Home prices of $520K and rents around $2,240/mo create a solid backdrop for investor activity.
Are homes affordable in East Wenatchee, WA?
East Wenatchee, WA home values average about $520K. That price point suits investors targeting rentals with $2,240/mo in monthly income.
What are rental rates like in East Wenatchee, WA?
Rental rates in East Wenatchee, WA average $2,240/mo. Tenant demand and $520K home values make the yield look reasonable by investor standards.
Should investors worry about vacancy in East Wenatchee, WA?
East Wenatchee, WA sees elevated vacancy, which is reasonable relative to the broader WA rental market.
Is East Wenatchee, WA good for landlords?
East Wenatchee, WA falls under WA landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
You know 98802 now. You don’t know where it ranks.
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How 98802 ranks in Wenatchee, WA
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