Real Estate Investing in Coulee City, Washington (99115)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 99115 (Coulee City, 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: 48.9% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Coulee City, WA (99115)?
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Market Analysis: 99115 Coulee City
This part of Grant County is not an easy win. The 99115 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 99115 is robust only for operators who understand what they are buying. A $305K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Coulee City have seen price recovery that 99115 has not matched. Grant County data supports the view that the spread is structural rather than temporary.
A notable renter share of 27% in 99115 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 99115 is an operator game, not a passive one. On balance, entry prices of $305K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Coulee City:
Property Strategy for 99115
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $264,865 | $1,340 | 3.6% | +9.1% | $132,433 |
| 3BR | $353,675 | $1,860 | 3.8% | +8.7% | $117,892 |
Market Trends
Home Value History (with trend line)
📊 How Does 99115 Compare?
| Metric | 99115 | Coulee City | Moses Lake, WA | Washington |
|---|---|---|---|---|
| Home Value | $304,678 | $304,678 | N/A | $591,536 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 5.9% |
| Avg Rent | $1,206 | $1,206 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 99115 (Coulee City, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $304,678 |
| Monthly Rent | $1,206 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (3.1%). 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 99115
Population: 1,306
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 99115
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 Coulee City, WA a smart market for rental property?
With a 3.0/5 investability score, Coulee City, WA ranks as a solid market for rental property investors. Median prices of $305K and rents of $1,206/mo drive the underlying numbers.
What is the median home value in Coulee City, WA?
Typical homes in Coulee City, WA go for around $305K. The 5-year CAGR of 0.0% even-keeled price movement.
What are rental rates like in Coulee City, WA?
Average rent in Coulee City, WA is approximately $1,206/mo per month. Against $305K home values that yields a reasonable rent-to-price ratio.
Does Coulee City, WA favor landlords or tenants?
Coulee City, WA operates under WA law, which is tenant-protective overall for landlords. Expect measured treatment in typical lease and eviction cases.
Is vacancy a concern in Coulee City, WA?
Rental vacancy in Coulee City, WA is elevated. Investors should budget normal turnover but not chronic empty units.
You know 99115 now. You don’t know where it ranks.
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How 99115 ranks in Moses Lake, WA
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