Real Estate Investing in Deer Park, Washington (99006)
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Should you buy in 99006 (Deer Park, 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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Deer Park, WA (99006)?
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Market Analysis: 99006 Deer Park
ZIP 99006 in Deer Park, WA carries a sturdy set of headwinds. Home values near $477K and rents of $2,060/mo sit inside a market where underwriting has to be tight.
The investment case in 99006 is solid only for operators who understand what they are buying. A $477K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 99006 and stronger Deer Park ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 99006 ZIP's population of 14,666 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
The right play in 99006 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 Deer Park:
Property Strategy for 99006
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $433,514 | $1,020 | 1.7% | +6.8% | $433,514 |
| 2BR | $387,501 | $1,300 | 2.4% | +7.5% | $193,751 |
| 3BR | $458,896 | $1,800 | 2.8% | +6.6% | $152,965 |
| 4BR | $556,987 | $2,110 | 2.7% | +6.9% | $139,247 |
| 5BR | $591,797 | — | — | +7.4% | $118,359 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 99006 Compare?
| Metric | 99006 | Deer Park | Spokane-Spokane Valley, WA | Washington |
|---|---|---|---|---|
| Home Value | $476,888 | $476,888 | N/A | $591,536 |
| 5-Year CAGR | 3.1% | 3.1% | N/A | 5.9% |
| Avg Rent | $2,060 | $2,060 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 99006 (Deer Park, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $476,888 |
| Monthly Rent | $2,060 |
| Price-to-Rent | 19.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 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 (3.4%). 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 99006
Population: 14,666
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 99006
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 median home value in Deer Park, WA?
Deer Park, WA median home values land near $477K. That is reasonable territory for investors looking at $2,060/mo-per-month rentals.
How strong is tenant demand in Deer Park, WA?
Expect a solid tenant pool in Deer Park, WA. The rental market absorbs $2,060/mo rents without meaningful friction.
Is Deer Park, WA good for house hacking?
Deer Park, WA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,060/mo rent level.
What do landlords charge for rent in Deer Park, WA?
The typical rental in Deer Park, WA commands about $2,060/mo monthly. That rent profile even-keeled cash flow against the $477K purchase basis.
Should investors consider Deer Park, WA?
Deer Park, WA stands at an investability rating of 3.0/5, with median home values near $477K and average rents around $2,060/mo. That combination puts it in the resilient tier for investor interest.
You know 99006 now. You don’t know where it ranks.
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How 99006 ranks in Spokane-Spokane Valley, WA
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