Real Estate Investing in Quincy, Washington (98848)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98848 (Quincy, 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.
- High vacancy: 28.9% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Quincy, WA (98848)?
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Market Analysis: 98848 Quincy
On the rental side, ZIP 98848 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $428K median. It rewards specialists, not generalists.
The 98848 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 98848 and stronger Quincy ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A substantial renter share of 35% in 98848 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 98848 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Quincy:
Property Strategy for 98848
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $312,448 | $1,030 | 2.4% | — | $312,448 |
| 2BR | $510,784 | $1,340 | 1.9% | +7.7% | $255,392 |
| 3BR | $397,797 | $1,860 | 3.4% | +7.3% | $132,599 |
| 4BR | $445,001 | $2,200 | 3.6% | +8.4% | $111,250 |
| 5BR | $513,171 | — | — | +8.3% | $102,634 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 98848 Compare?
| Metric | 98848 | Quincy | Moses Lake, WA | Washington |
|---|---|---|---|---|
| Home Value | $428,118 | $428,118 | N/A | $591,536 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 5.9% |
| Avg Rent | $1,795 | $1,795 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 98848 (Quincy, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $428,118 |
| Monthly Rent | $1,795 |
| Price-to-Rent | 19.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (3.3%). 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 98848
Population: 13,014
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 98848
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
Are there empty rentals in Quincy, WA?
Quincy, WA carries elevated vacancy risk. Expect predictable absorption at market rents of $1,795/mo.
Does house hacking make sense in Quincy, WA?
The a challenging house-hack environment in Quincy, WA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the typical rental rate in Quincy, WA?
Expect rents around $1,795/mo per month in Quincy, WA. With home values at $428K, the yield math works out to reasonable levels for rental investors.
Are homes affordable in Quincy, WA?
Typical homes in Quincy, WA go for around $428K. The 5-year CAGR of 0.0% even-keeled price movement.
How does Quincy, WA stack up for property investment?
With a 3.0/5 investability score, Quincy, WA ranks as a solid market for rental property investors. Median prices of $428K and rents of $1,795/mo drive the underlying numbers.
You know 98848 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98848 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 98848 ranks in Moses Lake, WA
Every ZIP in this metro, ranked. Free.
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