Real Estate Investing in Curlew, Washington (99118)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 99118 (Curlew, 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: 27.1% 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 26.7 — 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 Curlew, WA (99118)?
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Market Analysis: 99118 Curlew
Not every below-median market is a bargain. Curlew's 99118 ZIP comes in at signals that favor experienced operators who can absorb the risk $280K pricing implies.
On balance, the numbers look inviting — $280K purchase price, 0.0% nominal cap — the work to hit that pro forma in 99118 is substantial and deserves full respect.
In the broader WA picture, 99118 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A sturdy renter share of 24% in 99118 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 99118 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 Curlew:
Market Trends
Home Value History (with trend line)
📊 How Does 99118 Compare?
| Metric | 99118 | Curlew | Washington |
|---|---|---|---|
| Home Value | $280,090 | $280,090 | $591,536 |
| 5-Year CAGR | N/A | N/A | 5.9% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 2.4% | 2.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 99118 (Curlew, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $280,090 |
| Monthly Rent | $873 |
| Price-to-Rent | 26.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 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 (2.4%). 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 99118
Population: 964
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 99118
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
How do home values compare in Curlew, WA?
Typical homes in Curlew, WA go for around $280K. The 5-year CAGR of 0.0% stable price movement.
What is the typical renter like in Curlew, WA?
Working renters make up the core of the Curlew, WA tenant base. The pool is reasonable for investors targeting long-term holds.
What monthly rent should investors expect in Curlew, WA?
The typical rental in Curlew, WA commands about $873/mo monthly. That rent profile consistent cash flow against the $280K purchase basis.
What kind of vacancy should I budget for in Curlew, WA?
Curlew, WA sees elevated vacancy, which is reasonable relative to the broader WA rental market.
How do experienced investors play Curlew, WA?
A careful cash-flow rentals with hands-on management strategy Curlew, WA best. The market produces reliable results for that approach at the $280K price point.
You know 99118 now. You don’t know where it ranks.
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