Real Estate Investing in Colfax, Washington (99111)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 99111 (Colfax, 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.
- High vacancy: 12.8% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Colfax, WA (99111)?
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Market Analysis: 99111 Colfax
Investors eyeing 99111 need to respect the fundamentals at play. Home values of $322K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $322K asset, 99111 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Colfax have seen price recovery that 99111 has not matched. Whitman County data supports the view that the spread is structural rather than temporary.
Who lives in 99111 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 99111 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 Colfax:
Property Strategy for 99111
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $225,035 | $1,060 | 3.4% | +4.7% | $112,518 |
| 3BR | $314,237 | $1,480 | 3.4% | +5.4% | $104,746 |
| 4BR | $363,821 | $1,770 | 3.5% | +6.8% | $90,955 |
| 5BR | $424,041 | — | — | +5.7% | $84,808 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 99111 Compare?
| Metric | 99111 | Colfax | Pullman, WA | Washington |
|---|---|---|---|---|
| Home Value | $321,679 | $321,679 | N/A | $591,536 |
| 5-Year CAGR | 3.7% | 3.7% | N/A | 5.9% |
| Avg Rent | $1,175 | $1,175 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 99111 (Colfax, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $321,679 |
| Monthly Rent | $1,175 |
| Price-to-Rent | 22.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (2.9%). 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 99111
Population: 4,049
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 99111
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.
Frequently Asked Questions
Is housing expensive in Colfax, WA?
Expect median prices around $322K in Colfax, WA. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
What real estate strategy is ideal for Colfax, WA?
The best-fit strategy in Colfax, WA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the renter demographic in Colfax, WA?
The renter base in Colfax, WA is reasonable for the $1,175/mo price point. Screening well and pricing to market typically yields measured tenants.
Is Colfax in WA worth investing in?
Colfax, WA rates 3.0/5 for investability. With median values at $322K and rents near $1,175/mo, the market offers reasonable fundamentals for rental investors.
How landlord-friendly is Colfax, WA?
WA ranks as a tenant-protective state for landlord-tenant law. Colfax generally follows the statewide framework, so landlords face reasonable operating rules.
You know 99111 now. You don’t know where it ranks.
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How 99111 ranks in Pullman, WA
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