Real Estate Investing in Springdale, Washington (99173)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 99173 (Springdale, 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: 18.2% 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 Springdale, WA (99173)?
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Market Analysis: 99173 Springdale
Investors eyeing 99173 need to respect the fundamentals at play. Home values of $324K come alongside slower price movement and elevated management overhead.
For an experienced owner, 99173 can be a a strong candidate for hunting ground — but the discount at $324K reflects genuine risk that outside investors often underestimate.
ZIP 99173's metrics run below Stevens County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 99173 ZIP's population of 1,773 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
The 99173 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 Springdale:
Market Trends
Home Value History (with trend line)
📊 How Does 99173 Compare?
| Metric | 99173 | Springdale | Spokane-Spokane Valley, WA | Washington |
|---|---|---|---|---|
| Home Value | $323,972 | $323,972 | N/A | $591,536 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 5.9% |
| Avg Rent | $1,314 | $1,314 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 99173 (Springdale, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $323,972 |
| Monthly Rent | $1,314 |
| Price-to-Rent | 20.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +9.3% ▲ |
🏠 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 (3.2%). 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 99173
Population: 1,773
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 99173
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
What monthly rent should investors expect in Springdale, WA?
Rental rates in Springdale, WA average $1,314/mo. Tenant demand and $324K home values make the yield look reasonable by investor standards.
What is the renter demographic in Springdale, WA?
Tenant quality in Springdale, WA ranks as solid. Landlords generally report predictable occupancy at market rents of $1,314/mo.
Can owner-occupants cash flow in Springdale, WA?
Springdale, WA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $324K price point reasonable to enter.
How do landlord-tenant laws work in Springdale, WA?
WA ranks as a tenant-protective state for landlord-tenant law. Springdale generally follows the statewide framework, so landlords face reasonable operating rules.
How much should I expect to pay for a home in Springdale, WA?
Expect median prices around $324K in Springdale, WA. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
You know 99173 now. You don’t know where it ranks.
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How 99173 ranks in Spokane-Spokane Valley, WA
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