Real Estate Investing in Reardan, Washington (99029)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 99029 (Reardan, 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 Reardan, WA (99029)?
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Market Analysis: 99029 Reardan
Turning to rents, ZIP 99029 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $421K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 99029 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Turning to rents, 99029 offers a low basis, the region around Reardan has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 99029 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 99029 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 Reardan:
Market Trends
Home Value History (with trend line)
📊 How Does 99029 Compare?
| Metric | 99029 | Reardan | Spokane-Spokane Valley, WA | Washington |
|---|---|---|---|---|
| Home Value | $421,406 | $421,406 | N/A | $591,536 |
| 5-Year CAGR | 2.8% | 2.8% | N/A | 5.9% |
| Avg Rent | $1,170 | $1,170 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 99029 (Reardan, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $421,406 |
| Monthly Rent | $1,170 |
| Price-to-Rent | 30.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 5.0% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +2.8% ▲ |
| 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 (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 99029
Population: 1,775
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 99029
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
How much is rent in Reardan, WA?
Rent in Reardan, WA is around $1,170/mo. The resulting rent-to-value relationship with $421K pricing is reasonable for most investor models.
How do experienced investors play Reardan, WA?
A careful cash-flow rentals with hands-on management strategy Reardan, WA best. The market produces measured results for that approach at the $421K price point.
Is vacancy a concern in Reardan, WA?
Vacancy risk in Reardan, WA is elevated. That supports stable cash flow for typical rental holds.
Are eviction rules reasonable in Reardan, WA?
WA ranks as a tenant-protective state for landlord-tenant law. Reardan generally follows the statewide framework, so landlords face reasonable operating rules.
How does Reardan, WA stack up for property investment?
Our data puts Reardan, WA at 3.0/5 for investability. Home prices of $421K and rents around $1,170/mo create a solid backdrop for investor activity.
You know 99029 now. You don’t know where it ranks.
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How 99029 ranks in Spokane-Spokane Valley, WA
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