Real Estate Investing in Addy, Washington (99101)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 99101 (Addy, 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: 13.4% 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 31.6 — 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 Addy, WA (99101)?
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Market Analysis: 99101 Addy
Investors eyeing 99101 need to respect the fundamentals at play. Home values of $376K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 99101 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 99101'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 99101 ZIP's population of 1,544 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
The right play in 99101 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Addy:
Market Trends
Home Value History (with trend line)
📊 How Does 99101 Compare?
| Metric | 99101 | Addy | Spokane-Spokane Valley, WA | Washington |
|---|---|---|---|---|
| Home Value | $375,628 | $375,628 | N/A | $591,536 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 5.9% |
| Avg Rent | $990 | $990 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 99101 (Addy, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $375,628 |
| Monthly Rent | $990 |
| Price-to-Rent | 31.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (2.1%). 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 99101
Population: 1,544
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 99101
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
Is real estate in Addy, WA a good investment right now?
Our data puts Addy, WA at 3.0/5 for investability. Home prices of $376K and rents around $990/mo create a solid backdrop for investor activity.
How do experienced investors play Addy, WA?
Addy, WA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($376K prices, $990/mo rents) make it a reasonable choice.
What is the renter demographic in Addy, WA?
The renter base in Addy, WA is reasonable for the $990/mo price point. Screening well and pricing to market typically yields reliable tenants.
Is housing expensive in Addy, WA?
Typical homes in Addy, WA go for around $376K. The 5-year CAGR of 0.0% predictable price movement.
How much is rent in Addy, WA?
Rental rates in Addy, WA average $990/mo. Tenant demand and $376K home values make the yield look reasonable by investor standards.
You know 99101 now. You don’t know where it ranks.
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How 99101 ranks in Spokane-Spokane Valley, WA
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