Real Estate Investing in Orondo, Washington (98843)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98843 (Orondo, WA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 42.8% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 48.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Orondo, WA (98843)?
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Market Analysis: 98843 Orondo
Investors eyeing 98843 need to respect the fundamentals at play. Home values of $696K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 98843 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 98843 and stronger Orondo ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 98843 includes headwinds that any investor should price in. Income distribution skews lower than Orondo averages, and tenant stability requires active management.
Strategy in 98843 is an operator game, not a passive one. From an investor standpoint, entry prices of $696K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Orondo:
Property Strategy for 98843
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $586,191 | $1,340 | 1.6% | +8.8% | $293,095 |
| 3BR | $744,260 | $1,860 | 1.8% | +8.8% | $248,087 |
| 4BR | $1,136,421 | $2,200 | 1.4% | +8.3% | $284,105 |
Market Trends
Home Value History (with trend line)
📊 How Does 98843 Compare?
| Metric | 98843 | Orondo | Wenatchee, WA | Washington |
|---|---|---|---|---|
| Home Value | $696,215 | $696,215 | N/A | $591,536 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 5.9% |
| Avg Rent | $1,206 | $1,206 | N/A | - |
| Cap Rate | 1.4% | 1.4% | - | - |
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 98843 (Orondo, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $696,215 |
| Monthly Rent | $1,206 |
| Price-to-Rent | 48.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.1% |
| Cap Rate | 1.4% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (1.4%). 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 98843
Population: 2,492
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 98843
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
How much do tenants pay in Orondo, WA?
The typical rental in Orondo, WA commands about $1,206/mo monthly. That rent profile stable cash flow against the $696K purchase basis.
How strong is the working-renter base in Orondo, WA?
Tenant quality in Orondo, WA ranks as solid. Landlords generally report reliable occupancy at market rents of $1,206/mo.
How do home values compare in Orondo, WA?
Median home price in Orondo, WA is near $696K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
What are vacancy rates like in Orondo, WA?
Orondo, WA carries elevated vacancy risk. Expect even-keeled absorption at market rents of $1,206/mo.
What is the best play in Orondo, WA?
The best-fit strategy in Orondo, WA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 98843 now. You don’t know where it ranks.
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How 98843 ranks in Wenatchee, WA
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