Real Estate Investing in Latah, Washington (99018)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 99018 (Latah, 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.
- Elevated vacancy: 10.5% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 23.8% poverty rate — can affect rent collection.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Latah, WA (99018)?
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Market Analysis: 99018 Latah
Not every below-median market is a bargain. Latah's 99018 ZIP reflects signals that favor experienced operators who can absorb the risk $321K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 99018 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
On the rental side, 99018 offers a low basis, the region around Latah has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Looking more closely, 308 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.
Distressed ZIPs reward experience. solid returns are possible in 99018, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Latah:
Market Trends
Home Value History (with trend line)
📊 How Does 99018 Compare?
| Metric | 99018 | Latah | Spokane-Spokane Valley, WA | Washington |
|---|---|---|---|---|
| Home Value | $320,615 | $320,615 | N/A | $591,536 |
| 5-Year CAGR | 1.9% | 1.9% | N/A | 5.9% |
| Avg Rent | $1,233 | $1,233 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 99018 (Latah, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $320,615 |
| Monthly Rent | $1,233 |
| Price-to-Rent | 21.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 4.9% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +1.9% ▲ |
| 10-Year CAGR | N/A |
🏠 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 99018
Population: 308
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
What are home prices like in Latah, WA?
Typical homes in Latah, WA go for around $321K. The 5-year CAGR of 0.0% predictable price movement.
What is the typical renter like in Latah, WA?
The tenant pool in Latah, WA is solid, supported by local employment and population fundamentals. Rents of $1,233/mo are well-absorbed by the market.
What real estate strategy is ideal for Latah, WA?
A careful cash-flow rentals with hands-on management strategy Latah, WA best. The market produces even-keeled results for that approach at the $321K price point.
Is Latah in WA worth investing in?
The 2.0/5 investability rating in Latah, WA reflects its $321K prices and $1,233/mo rents. Investors generally consider it a solid option within WA.
How landlord-friendly is Latah, WA?
Latah, WA falls under WA landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
You know 99018 now. You don’t know where it ranks.
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How 99018 ranks in Spokane-Spokane Valley, WA
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