Real Estate Investing in Creston, Washington (99147)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 99147 (Creston, WA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 44.5% 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 38.1 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Creston, WA (99147)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 99147 Creston
Not every below-median market is a bargain. Creston's 99147 ZIP reports signals that favor experienced operators who can absorb the risk $497K pricing implies.
Turning to rents, the numbers look inviting — $497K purchase price, 0.0% nominal cap — the work to hit that pro forma in 99147 is substantial and deserves full respect.
ZIP 99147's metrics run below Ferry County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
On balance, 185 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.
Strategically, 99147 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 Creston:
Market Trends
Home Value History (with trend line)
📊 How Does 99147 Compare?
| Metric | 99147 | Creston | Washington |
|---|---|---|---|
| Home Value | $497,235 | $248,617 | $591,536 |
| 5-Year CAGR | N/A | N/A | 5.9% |
| Avg Rent | $1,089 | $1,089 | - |
| Cap Rate | 1.7% | 1.7% | - |
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 99147 (Creston, WA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 99147 (Creston, WA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $497,235 |
| Monthly Rent | $1,089 |
| Price-to-Rent | 38.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 2.9% |
📈 Home Appreciation
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 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 (1.7%). 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 99147
Population: 185
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
Frequently Asked Questions
What real estate strategy is ideal for Creston, WA?
In Creston, WA the significant play is typically careful cash-flow rentals with hands-on management. The combination of $497K prices and $1,089/mo rents suits that approach.
How landlord-friendly is Creston, WA?
Creston, WA operates under WA law, which is tenant-protective overall for landlords. Expect measured treatment in typical lease and eviction cases.
How strong is the working-renter base in Creston, WA?
The tenant pool in Creston, WA is solid, supported by local employment and population fundamentals. Rents of $1,089/mo are well-absorbed by the market.
Is Creston, WA good for house hacking?
For house hackers, Creston, WA is a challenging. The $1,089/mo rent on a unit helps defray the mortgage on a $497K property.
Should investors worry about vacancy in Creston, WA?
Creston, WA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 99147 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 99147 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.
AI Market Advisor
Ask questions about investing in 99147 (Creston)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 99147 (Creston, WA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.