Real Estate Investing in Nine Mile Falls, Washington (99026)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 99026 (Nine Mile Falls, WA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 37.3 — 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 Nine Mile Falls, WA (99026)?
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Market Analysis: 99026 Nine Mile Falls
The 99026 ZIP covers a section of Nine Mile Falls that demands careful diligence. Prices near $560K look accessible, but the work to make a deal cash flow is real.
The 99026 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Meanwhile, 99026 offers a low basis, the region around Nine Mile Falls has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A impressive renter share of 3% in 99026 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 99026 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Nine Mile Falls:
Property Strategy for 99026
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $452,410 | $1,390 | 2.2% | +6.5% | $226,205 |
| 3BR | $532,652 | $1,910 | 2.6% | +6.9% | $177,551 |
| 4BR | $580,423 | $2,290 | 2.8% | +7.6% | $145,106 |
| 5BR | $652,892 | — | — | +7.6% | $130,578 |
Market Trends
Home Value History (with trend line)
📊 How Does 99026 Compare?
| Metric | 99026 | Nine Mile Falls | Spokane-Spokane Valley, WA | Washington |
|---|---|---|---|---|
| Home Value | $559,857 | $559,857 | N/A | $591,536 |
| 5-Year CAGR | 3.4% | 3.4% | N/A | 5.9% |
| Avg Rent | $1,251 | $1,251 | N/A | - |
| Cap Rate | 1.7% | 1.7% | - | - |
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 99026 (Nine Mile Falls, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $559,857 |
| Monthly Rent | $1,251 |
| Price-to-Rent | 37.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.7% |
| 5-Year IRR | 5.1% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 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 99026
Population: 9,206
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 99026
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 1,506 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What real estate strategy is ideal for Nine Mile Falls, WA?
Most investors in Nine Mile Falls, WA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 2.0/5 investability profile and the market fundamentals.
Are landlord laws favorable in Nine Mile Falls, WA?
The landlord environment in Nine Mile Falls, WA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
What is the renter demographic in Nine Mile Falls, WA?
Working renters make up the core of the Nine Mile Falls, WA tenant base. The pool is reasonable for investors targeting long-term holds.
How strong is Nine Mile Falls, WA for real estate investors?
With a 2.0/5 investability score, Nine Mile Falls, WA ranks as a solid market for rental property investors. Median prices of $560K and rents of $1,251/mo drive the underlying numbers.
How strong are rents in Nine Mile Falls, WA?
Average rent in Nine Mile Falls, WA is approximately $1,251/mo per month. Against $560K home values that yields a reasonable rent-to-price ratio.
You know 99026 now. You don’t know where it ranks.
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How 99026 ranks in Spokane-Spokane Valley, WA
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