Real Estate Investing in Electric City, Washington (99123)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 99123 (Electric 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: 24.2% 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 27.7 — 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 Electric City, WA (99123)?
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Market Analysis: 99123 Electric City
This part of Grant County is not an easy win. The 99123 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 99123 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 99123 and stronger Electric City ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A notable renter share of 15% in 99123 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Electric City's stable or hybrid ZIPs before stepping into 99123. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Electric City:
Property Strategy for 99123
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $185,832 | $1,080 | 4.2% | +2.5% | $92,916 |
| 3BR | $327,492 | $1,500 | 3.3% | +4.7% | $109,164 |
Market Trends
Home Value History (with trend line)
📊 How Does 99123 Compare?
| Metric | 99123 | Electric City | Moses Lake, WA | Washington |
|---|---|---|---|---|
| Home Value | $323,062 | $323,062 | N/A | $591,536 |
| 5-Year CAGR | 3.6% | 3.6% | N/A | 5.9% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
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 99123 (Electric City, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $323,062 |
| Monthly Rent | $972 |
| Price-to-Rent | 27.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 6.0% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 99123
Population: 952
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 is the tenant pool like in Electric City, WA?
Electric City, WA draws a steady base of working renters. Demand at the $972/mo rent level is reasonable for standard single-family and small multi rentals.
Should investors consider Electric City, WA?
Electric City, WA shows an investability rating of 3.0/5, with median home values near $323K and average rents around $972/mo. That combination puts it in the sturdy tier for investor interest.
What is the average home sale price in Electric City, WA?
Electric City, WA median home values land near $323K. That is reasonable territory for investors looking at $972/mo-per-month rentals.
Are eviction rules reasonable in Electric City, WA?
Rental owners in Electric City, WA deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
Is vacancy a concern in Electric City, WA?
Electric City, WA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 99123 now. You don’t know where it ranks.
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How 99123 ranks in Moses Lake, WA
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Community Ratings
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