Real Estate Investing in Othello, Washington (99344)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 99344 (Othello, WA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- 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 Othello, WA (99344)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 99344 Othello
ZIP 99344 in Othello, WA carries a resilient set of headwinds. Home values near $340K and rents of $1,224/mo sit inside a market where underwriting has to be tight.
The 99344 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 99344 among WA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 99344 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
appears 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 Othello:
Property Strategy for 99344
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $256,939 | $1,360 | 3.8% | +8.0% | $128,470 |
| 3BR | $334,741 | $1,810 | 3.9% | +7.8% | $111,580 |
| 4BR | $418,916 | $2,090 | 3.6% | +7.0% | $104,729 |
| 5BR | $524,137 | — | — | +6.8% | $104,827 |
Market Trends
Home Value History (with trend line)
📊 How Does 99344 Compare?
| Metric | 99344 | Othello | Othello, WA | Washington |
|---|---|---|---|---|
| Home Value | $340,034 | $340,034 | N/A | $591,536 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 5.9% |
| Avg Rent | $1,224 | $1,224 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 99344 (Othello, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $340,034 |
| Monthly Rent | $1,224 |
| Price-to-Rent | 23.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (2.8%). 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 99344
Population: 19,458
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 99344
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 do landlords charge for rent in Othello, WA?
Investors in Othello, WA typically see rents near $1,224/mo per month against $340K home values - a solid setup for rental cash flow.
How strong is tenant demand in Othello, WA?
Expect a solid tenant pool in Othello, WA. The rental market absorbs $1,224/mo rents without meaningful friction.
Does Othello, WA make sense for an investment property?
Yes - Othello, WA a 3.0/5 investability score. With $340K home prices against $1,224/mo monthly rent, the market delivers a reasonable entry point for new investors.
What investment strategy works best in Othello, WA?
Investors usually favor careful cash-flow rentals with hands-on management in Othello, WA. With home values at $340K and rents near $1,224/mo, other strategies can work but produce stable rather than outsized returns.
What is the typical vacancy rate in Othello, WA?
Expect elevated vacancy in Othello, WA. Rents at $1,224/mo are absorbed by the tenant base without meaningful lag.
You know 99344 now. You don’t know where it ranks.
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