Real Estate Investing in Rice, Washington (99167)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 99167 (Rice, 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: 18.9% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.4% CAGR).
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 31.3 — 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 Rice, WA (99167)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 99167 Rice
From a cash-flow lens, ZIP 99167 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $382K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 99167 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 99167 sits on the difficult end of the WA spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 99167 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Rice:
Market Trends
Home Value History (with trend line)
📊 How Does 99167 Compare?
| Metric | 99167 | Rice | Spokane-Spokane Valley, WA | Washington |
|---|---|---|---|---|
| Home Value | $382,171 | $382,171 | N/A | $591,536 |
| 5-Year CAGR | 1.4% | 1.4% | N/A | 5.9% |
| Avg Rent | $1,017 | $1,017 | 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 99167 (Rice, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $382,171 |
| Monthly Rent | $1,017 |
| Price-to-Rent | 31.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 3.5% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +1.4% ▲ |
| 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 (2.1%). 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 99167
Population: 943
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
Is Rice in WA worth investing in?
Rice, WA rates 2.0/5 for investability. With median values at $382K and rents near $1,017/mo, the market offers reasonable fundamentals for rental investors.
Is rental property easy to operate in Rice, WA?
WA law tenant-protective for landlords, and Rice inherits those rules. Investors should still review local ordinances for rental licensing.
Are rents high in Rice, WA?
Rental rates in Rice, WA average $1,017/mo. Tenant demand and $382K home values make the yield look reasonable by investor standards.
What kind of vacancy should I budget for in Rice, WA?
Rental vacancy in Rice, WA is elevated. Investors should budget normal turnover but not chronic empty units.
Can I live-in-and-rent in Rice, WA?
Rice, WA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,017/mo rent level.
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How 99167 ranks in Spokane-Spokane Valley, WA
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