Real Estate Investing in Chattaroy, Washington (99009)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 99009 (Chattaroy, 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.
- Elevated poverty: 22.1% poverty rate — can affect rent collection.
- High price-to-rent: Price-to-rent ratio 32.3 — 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 (99009)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 99009 Chattaroy
Put differently, ZIP 99009 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $502K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $502K asset, 99009 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader WA picture, 99009 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 99009 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
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 Chattaroy:
Property Strategy for 99009
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $382,837 | $1,440 | 2.7% | +4.8% | $191,419 |
| 3BR | $495,542 | $1,920 | 2.8% | +6.3% | $165,181 |
| 4BR | $612,448 | $2,370 | 2.8% | +6.2% | $153,112 |
Market Trends
Home Value History (with trend line)
📊 How Does 99009 Compare?
| Metric | 99009 | Chattaroy | Spokane-Spokane Valley, WA | Washington |
|---|---|---|---|---|
| Home Value | $502,423 | $552,910 | N/A | $591,536 |
| 5-Year CAGR | 2.3% | 2.6% | N/A | 5.9% |
| Avg Rent | $1,296 | $1,310 | N/A | - |
| Cap Rate | 2.0% | 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 99009 (Chattaroy, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 99009 (Chattaroy, WA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $502,423 |
| Monthly Rent | $1,296 |
| Price-to-Rent | 32.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 4.3% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +2.3% ▲ |
| 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 (2.0%). 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 99009
Population: 4,525
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
Frequently Asked Questions
Are rents high in Chattaroy, WA?
Rental rates in Chattaroy, WA average $1,296/mo. Tenant demand and $502K home values make the yield look reasonable by investor standards.
What kind of tenants rent in Chattaroy, WA?
The renter base in Chattaroy, WA is reasonable for the $1,296/mo price point. Screening well and pricing to market typically yields reliable tenants.
Is WA a landlord-friendly state?
WA law tenant-protective for landlords, and Chattaroy inherits those rules. Investors should still review local ordinances for rental licensing.
What is the smart move for investors in Chattaroy, WA?
Investors usually favor careful cash-flow rentals with hands-on management in Chattaroy, WA. With home values at $502K and rents near $1,296/mo, other strategies can work but produce even-keeled rather than outsized returns.
What is the median home value in Chattaroy, WA?
Chattaroy, WA median home values land near $502K. That is reasonable territory for investors looking at $1,296/mo-per-month rentals.
You know 99009 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 99009 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 99009 ranks in Spokane-Spokane Valley, WA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 99009 (Chattaroy)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 99009 (Chattaroy, WA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.