Real Estate Investing in Harrah, Washington (98933)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98933 (Harrah, 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 Harrah, WA (98933)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 98933 Harrah
Not every below-median market is a bargain. Harrah's 98933 ZIP posts signals that favor experienced operators who can absorb the risk $324K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $324K asset, 98933 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 98933's metrics run below Yakima County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
In practical terms, 1,276 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.
Strategy in 98933 is an operator game, not a passive one. Stepping back, entry prices of $324K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Harrah:
Market Trends
Home Value History (with trend line)
📊 How Does 98933 Compare?
| Metric | 98933 | Harrah | Yakima, WA | Washington |
|---|---|---|---|---|
| Home Value | $323,753 | $323,753 | N/A | $591,536 |
| 5-Year CAGR | 3.3% | 3.3% | N/A | 5.9% |
| Avg Rent | $1,242 | $1,242 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 98933 (Harrah, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 98933 (Harrah, WA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $323,753 |
| Monthly Rent | $1,242 |
| Price-to-Rent | 21.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (3.0%). 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 98933
Population: 1,276
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 98933
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
Investor Insight: With 1,916 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Harrah, WA good for house hacking?
Harrah, 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.
Are tenants stable in Harrah, WA?
Expect a solid tenant pool in Harrah, WA. The rental market absorbs $1,242/mo rents without meaningful friction.
Is Harrah, WA a friendly market for rental owners?
Rental owners in Harrah, WA deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
Is real estate in Harrah, WA a good investment right now?
Investors tracking Harrah, WA will find a 3.0/5 rating supported by $324K median home values and $1,242/mo rents. That profile suits long-term holders targeting even-keeled returns.
What is the typical home price in Harrah, WA?
Median home price in Harrah, WA is near $324K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
You know 98933 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 98933 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 98933 ranks in Yakima, WA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 98933 (Harrah)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 98933 (Harrah, WA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.