Real Estate Investing in Zillah, Washington (98953)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98953 (Zillah, WA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Zillah, WA (98953)?
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Market Analysis: 98953 Zillah
Not every below-median market is a bargain. Zillah's 98953 ZIP reports signals that favor experienced operators who can absorb the risk $389K pricing implies.
From a cash-flow lens, the numbers look inviting — $389K purchase price, 0.0% nominal cap — the work to hit that pro forma in 98953 is substantial and deserves full respect.
Nearby ZIPs in Zillah have seen price recovery that 98953 has not matched. Yakima County data supports the view that the spread is structural rather than temporary.
The 98953 ZIP's population of 6,815 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Strategy in 98953 is an operator game, not a passive one. From a cash-flow lens, entry prices of $389K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Zillah:
Property Strategy for 98953
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $280,839 | $1,510 | 3.9% | +6.2% | $140,420 |
| 3BR | $384,997 | $2,100 | 3.9% | +6.2% | $128,332 |
| 4BR | $470,429 | $2,300 | 3.5% | +7.4% | $117,607 |
Market Trends
Home Value History (with trend line)
📊 How Does 98953 Compare?
| Metric | 98953 | Zillah | Yakima, WA | Washington |
|---|---|---|---|---|
| Home Value | $389,351 | $389,351 | N/A | $591,536 |
| 5-Year CAGR | 3.7% | 3.7% | N/A | 5.9% |
| Avg Rent | $1,359 | $1,359 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
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 98953 (Zillah, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $389,351 |
| Monthly Rent | $1,359 |
| Price-to-Rent | 23.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (2.7%). 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 98953
Population: 6,815
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 98953
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
Frequently Asked Questions
What is the typical renter like in Zillah, WA?
Tenant demand in Zillah, WA is solid. The local workforce $1,359/mo rents across most rental classes.
Is WA a landlord-friendly state?
WA law tenant-protective for landlords, and Zillah inherits those rules. Investors should still review local ordinances for rental licensing.
Is housing expensive in Zillah, WA?
Typical homes in Zillah, WA go for around $389K. The 5-year CAGR of 0.0% measured price movement.
Does house hacking make sense in Zillah, WA?
The a challenging house-hack environment in Zillah, WA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What approach is best for Zillah, WA real estate?
Zillah, WA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($389K prices, $1,359/mo rents) make it a reasonable choice.
You know 98953 now. You don’t know where it ranks.
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How 98953 ranks in Yakima, WA
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