Real Estate Investing in Ione, Washington (99139)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 99139 (Ione, WA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 37.0% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• 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 Ione, WA (99139)?
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Market Analysis: 99139 Ione
The 99139 ZIP covers a section of Ione that demands careful diligence. Prices near $290K look accessible, but the work to make a deal cash flow is real.
Meanwhile, the numbers look inviting — $290K purchase price, 0.0% nominal cap — the work to hit that pro forma in 99139 is substantial and deserves full respect.
Statewide comparisons place 99139 among WA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 99139 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 99139 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 Ione:
Market Trends
Home Value History (with trend line)
📊 How Does 99139 Compare?
| Metric | 99139 | Ione | Washington |
|---|---|---|---|
| Home Value | $289,811 | $289,811 | $591,536 |
| 5-Year CAGR | 3.1% | 3.1% | 5.9% |
| Avg Rent | $1,071 | $1,071 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 99139 (Ione, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $289,811 |
| Monthly Rent | $1,071 |
| Price-to-Rent | 22.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 6.0% |
📈 Home Appreciation
| 1-Year | -0.3% ▼ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (2.9%). 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 99139
Population: 980
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 99139
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 much is rent in Ione, WA?
Rent in Ione, WA is around $1,071/mo. The resulting rent-to-value relationship with $290K pricing is reasonable for most investor models.
What is the smart move for investors in Ione, WA?
Ione, WA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($290K prices, $1,071/mo rents) make it a reasonable choice.
Is WA a landlord-friendly state?
Rental owners in Ione, WA deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
Is Ione, WA suited for a house hack?
House hacking in Ione, WA is a challenging. With home values around $290K and rents at $1,071/mo, owner-occupants can offset a meaningful share of PITI.
What are home prices like in Ione, WA?
Ione, WA home values average about $290K. That price point suits investors targeting rentals with $1,071/mo in monthly income.
You know 99139 now. You don’t know where it ranks.
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