Real Estate Investing in Davenport, Washington (99122)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 99122 (Davenport, 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: 27.4% 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 34.4 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Davenport, WA (99122)?
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Market Analysis: 99122 Davenport
ZIP 99122 in Davenport, WA carries a notable set of headwinds. Home values near $375K and rents of $909/mo sit inside a market where underwriting has to be tight.
Meanwhile, the numbers look inviting — $375K purchase price, 0.0% nominal cap — the work to hit that pro forma in 99122 is substantial and deserves full respect.
The gap between 99122 and stronger Davenport ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 99122 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 99122 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 Davenport:
Property Strategy for 99122
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $333,051 | $1,010 | 2.2% | +7.9% | $166,525 |
| 3BR | $393,508 | $1,410 | 2.6% | +8.4% | $131,169 |
Market Trends
Home Value History (with trend line)
📊 How Does 99122 Compare?
| Metric | 99122 | Davenport | Washington |
|---|---|---|---|
| Home Value | $375,120 | $375,120 | $591,536 |
| 5-Year CAGR | 4.0% | 4.0% | 5.9% |
| Avg Rent | $909 | $909 | - |
| Cap Rate | 1.9% | 1.9% | - |
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 99122 (Davenport, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $375,120 |
| Monthly Rent | $909 |
| Price-to-Rent | 34.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 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 (1.9%). 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 99122
Population: 4,044
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 99122
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 is the average home sale price in Davenport, WA?
Davenport, WA median home values land near $375K. That is reasonable territory for investors looking at $909/mo-per-month rentals.
What kind of vacancy should I budget for in Davenport, WA?
Expect elevated vacancy in Davenport, WA. Rents at $909/mo are absorbed by the tenant base without meaningful lag.
Are tenants stable in Davenport, WA?
The tenant pool in Davenport, WA is solid, supported by local employment and population fundamentals. Rents of $909/mo are well-absorbed by the market.
Does Davenport, WA favor landlords or tenants?
For rental operators, Davenport, WA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
Is Davenport, WA a good market for buy-and-hold investors?
Davenport, WA rates 2.0/5 for investability. With median values at $375K and rents near $909/mo, the market offers reasonable fundamentals for rental investors.
You know 99122 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 99122 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.
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Community Ratings
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