Real Estate Investing in Otis Orchards-East Farms, Washington (99027)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 99027 (Otis Orchards-East Farms, 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.
- High price-to-rent: Price-to-rent ratio 30.0 — 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 Otis Orchards-East Farms, WA (99027)?
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Market Analysis: 99027 Otis Orchards-East Farms
ZIP 99027 in Otis Orchards-East Farms, WA carries a solid set of headwinds. Home values near $509K and rents of $1,413/mo sit inside a market where underwriting has to be tight.
The investment case in 99027 is healthy only for operators who understand what they are buying. A $509K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 99027 sits on the difficult end of the WA spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 99027 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 99027 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Otis Orchards-East Farms:
Property Strategy for 99027
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $414,668 | $1,570 | 2.7% | +6.8% | $207,334 |
| 3BR | $469,431 | $2,170 | 3.3% | +6.6% | $156,477 |
| 4BR | $527,591 | $2,540 | 3.5% | +6.6% | $131,898 |
| 5BR | $670,600 | — | — | +6.9% | $134,120 |
Market Trends
Home Value History (with trend line)
📊 How Does 99027 Compare?
| Metric | 99027 | Otis Orchards-East Farms | Spokane-Spokane Valley, WA | Washington |
|---|---|---|---|---|
| Home Value | $508,896 | $508,896 | N/A | $591,536 |
| 5-Year CAGR | 3.3% | 3.3% | N/A | 5.9% |
| Avg Rent | $1,413 | $1,413 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
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 99027 (Otis Orchards-East Farms, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $508,896 |
| Monthly Rent | $1,413 |
| Price-to-Rent | 30.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 (2.2%). 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 99027
Population: 5,878
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 99027
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 2,237 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the rental occupancy rate in Otis Orchards-East Farms, WA?
Rental vacancy in Otis Orchards-East Farms, WA is elevated. Investors should budget normal turnover but not chronic empty units.
How much rent can I charge in Otis Orchards-East Farms, WA?
Average rent in Otis Orchards-East Farms, WA is approximately $1,413/mo per month. Against $509K home values that yields a reasonable rent-to-price ratio.
Where do home prices stand in Otis Orchards-East Farms, WA?
Typical homes in Otis Orchards-East Farms, WA go for around $509K. The 5-year CAGR of 0.0% steady price movement.
How strict are landlord regulations in Otis Orchards-East Farms, WA?
For rental operators, Otis Orchards-East Farms, WA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
How does Otis Orchards-East Farms, WA stack up for property investment?
With a 3.0/5 investability score, Otis Orchards-East Farms, WA ranks as a solid market for rental property investors. Median prices of $509K and rents of $1,413/mo drive the underlying numbers.
You know 99027 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 99027 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 99027 ranks in Spokane-Spokane Valley, WA
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