Real Estate Investing in Cashmere, Washington (98815)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98815 (Cashmere, 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 28.7 — hard to cash-flow at these prices.
What’s happening in Cashmere, WA (98815)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98815 Cashmere
On the rental side, ZIP 98815 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $550K median. It rewards specialists, not generalists.
On the rental side, the numbers look inviting — $550K purchase price, 0.0% nominal cap — the work to hit that pro forma in 98815 is substantial and deserves full respect.
Regionally, 98815 sits on the difficult end of the WA spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 98815 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.
looks 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 Cashmere:
Property Strategy for 98815
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $409,417 | $1,340 | 2.4% | +6.3% | $204,709 |
| 3BR | $563,436 | $1,860 | 2.4% | +6.1% | $187,812 |
| 4BR | $638,881 | $2,200 | 2.5% | +6.1% | $159,720 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98815 Compare?
| Metric | 98815 | Cashmere | Wenatchee, WA | Washington |
|---|---|---|---|---|
| Home Value | $550,162 | $550,162 | N/A | $591,536 |
| 5-Year CAGR | 2.4% | 2.4% | N/A | 5.9% |
| Avg Rent | $1,600 | $1,600 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
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 98815 (Cashmere, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98815 (Cashmere, WA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $550,162 |
| Monthly Rent | $1,600 |
| Price-to-Rent | 28.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 4.7% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +2.4% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (2.3%). 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 98815
Population: 8,031
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 98815
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 Cashmere, WA good for landlords?
Rental owners in Cashmere, WA deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
What approach is best for Cashmere, WA real estate?
For Cashmere, WA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How does Cashmere, WA stack up for property investment?
The 3.0/5 investability rating in Cashmere, WA reflects its $550K prices and $1,600/mo rents. Investors generally consider it a solid option within WA.
Is Cashmere, WA good for house hacking?
Cashmere, WA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,600/mo rent level.
How much does a house cost in Cashmere, WA?
Median home price in Cashmere, WA is near $550K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
You know 98815 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98815 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 98815 ranks in Wenatchee, WA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 98815 (Cashmere)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 98815 (Cashmere, WA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.