Real Estate Investing in Colville, Washington (99114)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 99114 (Colville, 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: 15.9% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 28.8 — 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 Colville, WA (99114)?
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Market Analysis: 99114 Colville
ZIP 99114 inside Stevens County looks affordable on the surface — median value of $345K — but the discount exists for reasons that a careful buyer should understand before committing.
The 99114 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader WA picture, 99114 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
On the rental side, 12,939 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.
The 99114 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 Colville:
Property Strategy for 99114
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $255,650 | $870 | 2.5% | +7.4% | $255,650 |
| 2BR | $284,320 | $1,110 | 2.8% | +7.7% | $142,160 |
| 3BR | $368,493 | $1,540 | 3.0% | +8.0% | $122,831 |
| 4BR | $407,203 | $1,860 | 3.3% | +8.0% | $101,801 |
| 5BR | $467,535 | — | — | +7.9% | $93,507 |
Market Trends
Home Value History (with trend line)
📊 How Does 99114 Compare?
| Metric | 99114 | Colville | Spokane-Spokane Valley, WA | Washington |
|---|---|---|---|---|
| Home Value | $344,797 | $344,797 | N/A | $591,536 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 5.9% |
| Avg Rent | $999 | $999 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 99114 (Colville, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $344,797 |
| Monthly Rent | $999 |
| Price-to-Rent | 28.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (2.3%). 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 99114
Population: 12,939
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 99114
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
Does Colville, WA make sense for an investment property?
Yes - Colville, WA a 3.0/5 investability score. With $345K home prices against $999/mo monthly rent, the market delivers a reasonable entry point for new investors.
How tight is the rental market in Colville, WA?
Colville, WA sees elevated vacancy, which is reasonable relative to the broader WA rental market.
What type of investing works in Colville, WA?
In Colville, WA the notable play is typically careful cash-flow rentals with hands-on management. The combination of $345K prices and $999/mo rents suits that approach.
Are eviction rules reasonable in Colville, WA?
Colville, WA operates under WA law, which is tenant-protective overall for landlords. Expect consistent treatment in typical lease and eviction cases.
Is housing expensive in Colville, WA?
Expect median prices around $345K in Colville, WA. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
You know 99114 now. You don’t know where it ranks.
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