Real Estate Investing in Leavenworth, Washington (98826)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98826 (Leavenworth, 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: 41.6% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.8% CAGR).
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 35.6 — hard to cash-flow at these prices.
What’s happening in Leavenworth, WA (98826)?
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Market Analysis: 98826 Leavenworth
The 98826 ZIP in Leavenworth, WA is a local-operator market. Outside capital chasing a $679K entry has to pair deep knowledge with the discount.
Looking more closely, the numbers look inviting — $679K purchase price, 0.0% nominal cap — the work to hit that pro forma in 98826 is substantial and deserves full respect.
Regionally, 98826 sits on the difficult end of the WA spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 98826 includes headwinds that any investor should price in. Income distribution skews lower than Leavenworth averages, and tenant stability requires active management.
Strategy in 98826 is an operator game, not a passive one. In practical terms, entry prices of $679K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Leavenworth:
Property Strategy for 98826
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $488,501 | $1,850 | 2.7% | +5.5% | $488,501 |
| 2BR | $618,840 | $2,160 | 2.5% | +5.9% | $309,420 |
| 3BR | $846,197 | $2,850 | 2.4% | +6.8% | $282,066 |
| 4BR | $1,014,974 | $3,320 | 2.4% | +6.6% | $253,743 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98826 Compare?
| Metric | 98826 | Leavenworth | Wenatchee, WA | Washington |
|---|---|---|---|---|
| Home Value | $678,770 | $592,259 | N/A | $591,536 |
| 5-Year CAGR | 0.8% | 1.0% | N/A | 5.9% |
| Avg Rent | $1,591 | $1,421 | N/A | - |
| Cap Rate | 1.8% | 1.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 98826 (Leavenworth, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $678,770 |
| Monthly Rent | $1,591 |
| Price-to-Rent | 35.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 2.6% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | -0.3% ▼ |
| 5-Year CAGR | +0.8% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | -3.6% ▼ |
| 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 98826
Population: 7,817
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 98826
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 do home values compare in Leavenworth, WA?
Homes in Leavenworth, WA typically sell near $679K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
How qualified is the tenant pool in Leavenworth, WA?
Expect a solid tenant pool in Leavenworth, WA. The rental market absorbs $1,591/mo rents without meaningful friction.
What approach is best for Leavenworth, WA real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Leavenworth, WA. The numbers - $679K homes against $1,591/mo rents - support that play.
Should investors worry about vacancy in Leavenworth, WA?
Leavenworth, WA sees elevated vacancy, which is reasonable relative to the broader WA rental market.
Is Leavenworth, WA good for house hacking?
The house hack math a challenging in Leavenworth, WA. Owner-occupant buyers benefit from the $1,591/mo rents and $679K home values.
You know 98826 now. You don’t know where it ranks.
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How 98826 ranks in Wenatchee, WA
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