Real Estate Investing in Chattaroy, Washington (99003)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 99003 (Chattaroy, 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: 14.0% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 38.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Chattaroy, WA (99003)?
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Market Analysis: 99003 Chattaroy
ZIP 99003 in Chattaroy, WA carries a substantial set of headwinds. Home values near $603K and rents of $1,323/mo sit inside a market where underwriting has to be tight.
The investment case in 99003 is solid only for operators who understand what they are buying. A $603K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader WA picture, 99003 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 99003 includes headwinds that any investor should price in. Income distribution skews lower than Chattaroy averages, and tenant stability requires active management.
The right play in 99003 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Chattaroy:
Property Strategy for 99003
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $506,975 | $1,470 | 2.1% | +6.1% | $253,488 |
| 3BR | $569,990 | $1,990 | 2.5% | +6.4% | $189,997 |
| 4BR | $657,917 | $2,410 | 2.6% | +6.6% | $164,479 |
| 5BR | $702,010 | — | — | +6.0% | $140,402 |
Market Trends
Home Value History (with trend line)
📊 How Does 99003 Compare?
| Metric | 99003 | Chattaroy | Spokane-Spokane Valley, WA | Washington |
|---|---|---|---|---|
| Home Value | $603,397 | $552,910 | N/A | $591,536 |
| 5-Year CAGR | 2.9% | 2.6% | N/A | 5.9% |
| Avg Rent | $1,323 | $1,310 | N/A | - |
| Cap Rate | 1.7% | 1.9% | - | - |
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 99003 (Chattaroy, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $603,397 |
| Monthly Rent | $1,323 |
| Price-to-Rent | 38.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 4.6% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 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 (1.7%). 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 99003
Population: 4,634
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 99003
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 are home prices like in Chattaroy, WA?
In Chattaroy, WA the median home value sits at $603K. Against the broader WA market, that reads as reasonable for most investors.
How high is vacancy risk in Chattaroy, WA?
Vacancy in Chattaroy, WA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,323/mo.
Is the tenant base reliable in Chattaroy, WA?
Chattaroy, WA offers a consistent renter base at the $1,323/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is house hacking profitable in Chattaroy, WA?
The a challenging house-hack environment in Chattaroy, WA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Chattaroy, WA landlord-friendly?
The landlord environment in Chattaroy, WA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
You know 99003 now. You don’t know where it ranks.
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How 99003 ranks in Spokane-Spokane Valley, WA
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