Real Estate Investing in Carlton, Washington (98814)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98814 (Carlton, WA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 18.1% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 7.9% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 35.8 — hard to cash-flow at these prices.
• 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 Carlton, WA (98814)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98814 Carlton
The 98814 ZIP in Carlton, WA is a local-operator market. Outside capital chasing a $487K entry has to pair deep knowledge with the discount.
The 98814 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 98814 sits on the difficult end of the WA spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
On balance, 465 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 98814 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 Carlton:
Market Trends
Home Value History (with trend line)
📊 How Does 98814 Compare?
| Metric | 98814 | Carlton | Washington |
|---|---|---|---|
| Home Value | $487,293 | $487,293 | $591,536 |
| 5-Year CAGR | 1.6% | 1.6% | 5.9% |
| Avg Rent | $1,134 | $1,134 | - |
| Cap Rate | 1.8% | 1.8% | - |
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 98814 (Carlton, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98814 (Carlton, WA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $487,293 |
| Monthly Rent | $1,134 |
| Price-to-Rent | 35.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 3.5% |
📈 Home Appreciation
| 1-Year | -0.3% ▼ |
| 3-Year CAGR | -0.3% ▼ |
| 5-Year CAGR | +1.6% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (1.8%). 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 98814
Population: 465
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
Frequently Asked Questions
Is it easy to find good tenants in Carlton, WA?
Carlton, WA offers a steady renter base at the $1,134/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is real estate in Carlton, WA a good investment right now?
Investors tracking Carlton, WA will find a 2.0/5 rating supported by $487K median home values and $1,134/mo rents. That profile suits long-term holders targeting even-keeled returns.
How strict are landlord regulations in Carlton, WA?
For rental operators, Carlton, WA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
Can I live-in-and-rent in Carlton, WA?
Carlton, WA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,134/mo rent level.
What is the typical home price in Carlton, WA?
Median home price in Carlton, WA is near $487K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
You know 98814 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98814 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.
AI Market Advisor
Ask questions about investing in 98814 (Carlton)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 98814 (Carlton, WA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.