Real Estate Investing in Granger, Washington (98932)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98932 (Granger, WA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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.
- Higher unemployment: 11.4% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Granger, WA (98932)?
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Market Analysis: 98932 Granger
The 98932 ZIP covers a section of Granger that demands careful diligence. Prices near $314K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 98932 can be a a credible choice for hunting ground — but the discount at $314K reflects genuine risk that outside investors often underestimate.
Regionally, 98932 sits on the difficult end of the WA spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
On balance, 5,742 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
tilts toward 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 Granger:
Property Strategy for 98932
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $235,995 | $1,380 | 4.2% | +6.1% | $117,998 |
| 3BR | $317,139 | $1,920 | 4.4% | +6.1% | $105,713 |
| 4BR | $354,451 | $2,100 | 4.3% | +6.6% | $88,613 |
Market Trends
Home Value History (with trend line)
📊 How Does 98932 Compare?
| Metric | 98932 | Granger | Yakima, WA | Washington |
|---|---|---|---|---|
| Home Value | $313,893 | $313,893 | N/A | $591,536 |
| 5-Year CAGR | 3.5% | 3.5% | N/A | 5.9% |
| Avg Rent | $1,242 | $1,242 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 98932 (Granger, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $313,893 |
| Monthly Rent | $1,242 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 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 (3.1%). 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 98932
Population: 5,742
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 98932
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
How expensive is real estate in Granger, WA?
Granger, WA median home values land near $314K. That is reasonable territory for investors looking at $1,242/mo-per-month rentals.
Is real estate in Granger, WA a good investment right now?
With a 3.0/5 investability score, Granger, WA ranks as a solid market for rental property investors. Median prices of $314K and rents of $1,242/mo drive the underlying numbers.
How strict are landlord regulations in Granger, WA?
Landlord-friendliness in Granger, WA is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How strong are rents in Granger, WA?
Average rent in Granger, WA is approximately $1,242/mo per month. Against $314K home values that yields a reasonable rent-to-price ratio.
Does house hacking work in Granger, WA?
Granger, WA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,242/mo rent level.
You know 98932 now. You don’t know where it ranks.
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How 98932 ranks in Yakima, WA
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