MarketsRun a deal in this market
State · WA
Washington
Data as of November 2024· Sources: Zillow ZHVI/ZORI, Census ACS
Strategy
Median home value
$617k
+1.0%Zillow ZHVI
Median rent
$2,150/mo
+2.8%Zillow ZORI
Gross yield
4.18%
Rent × 12 / value
Rent/price ratio
0.000%
1% rule benchmark
Median household income
$90,325
Census ACS
Owner-occupied
62.3%
Census ACS
Renter-occupied
37.7%
Census ACS
Population
-
Census ACS
What this means for LTR investors
Gross yield of 4.18% is below the 7% LTR sweet spot; you'd lean on appreciation here.
Rent grew 2.8% YoY while values moved 1.0%. That gap drives whether yield compresses or expands over time.
Renter share is 38% - a deep renter pool means lower vacancy risk in Washington.
Median income of $90,325 sets the affordability ceiling on rent growth.