Real Estate Investing in Kennewick, Washington (99337)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 99337 (Kennewick, WA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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.
What’s happening in Kennewick, WA (99337)?
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Market Analysis: 99337 Kennewick
Not every below-median market is a bargain. Kennewick's 99337 ZIP sits at signals that favor experienced operators who can absorb the risk $437K pricing implies.
The 99337 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 99337 among WA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A notable renter share of 14% in 99337 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 99337 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 Kennewick:
Property Strategy for 99337
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $343,302 | $1,690 | 3.5% | +4.8% | $171,651 |
| 3BR | $404,266 | $2,280 | 4.1% | +5.7% | $134,755 |
| 4BR | $468,461 | $2,620 | 4.0% | +5.5% | $117,115 |
| 5BR | $571,758 | — | — | +6.0% | $114,352 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 99337 Compare?
| Metric | 99337 | Kennewick | Kennewick-Richland, WA | Washington |
|---|---|---|---|---|
| Home Value | $437,001 | $457,539 | N/A | $591,536 |
| 5-Year CAGR | 3.5% | 3.5% | N/A | 5.9% |
| Avg Rent | $1,974 | $1,796 | N/A | - |
| Cap Rate | 3.5% | 3.1% | - | - |
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 99337 (Kennewick, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $437,001 |
| Monthly Rent | $1,974 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +1.9% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). 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 99337
Population: 33,080
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 99337
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,539 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Kennewick, WA a good market for FHA house hackers?
Kennewick, WA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $437K price point reasonable to enter.
How landlord-friendly is Kennewick, WA?
The landlord environment in Kennewick, WA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
What kind of tenants rent in Kennewick, WA?
Tenant quality in Kennewick, WA ranks as solid. Landlords generally report reliable occupancy at market rents of $1,974/mo.
How strong are rents in Kennewick, WA?
The typical rental in Kennewick, WA commands about $1,974/mo monthly. That rent profile predictable cash flow against the $437K purchase basis.
How does Kennewick, WA rate as a rental market?
Kennewick, WA rates 3.0/5 for investability. With median values at $437K and rents near $1,974/mo, the market offers reasonable fundamentals for rental investors.
You know 99337 now. You don’t know where it ranks.
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How 99337 ranks in Kennewick-Richland, WA
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