Rental Markets in Washington

DoorBase tracks rental market data across Washington by ZIP code. This state page is a crawlable index for investors comparing rents, cap-rate estimates, vacancy, demographics, home values, renter share, household income, and employment conditions before drilling into individual ZIP pages.

Washington Rental Market Overview

The current sample of indexable Washington ZIP markets shows average median rent of $2,098, average median home value of $674,356, average cap-rate high of 3.2%, average vacancy of 5.3%, renter ratio near 37.7%, and median household income around $100,338. These statewide figures are directional and should be used to compare markets before reviewing a specific ZIP code.

Washington is not one rental market. Large cities, inner suburbs, commuter towns, college markets, rural counties, resort areas, and industrial corridors can produce very different rent levels and ownership economics. DoorBase keeps the canonical content at the ZIP level so investors can move from a broad state view into the most precise local data available.

Featured Washington ZIP Markets

ZIP	City	Rent	Cap Rate	Vacancy	Population
99301	Pasco	$1,656	2-3.6%	4.6%	86,467
98052	Redmond	$2,653	0.6-2.2%	5.4%	79,074
98012	Bothell	$2,658	1.2-2.8%	3.4%	76,123
98682	Vancouver	$1,690	1.6-3.2%	2.7%	67,297
98208	Everett	$1,990	1.1-2.7%	2.3%	60,616
99208	Spokane	$1,622	1.7-3.3%	3.6%	58,834
98115	Seattle	$2,360	0.8-2.4%	6.3%	54,248
98270	Marysville	$2,974	2.6-4.2%	2.6%	53,744
98133	Seattle	$1,913	1.1-2.7%	6.2%	52,620
98003	Federal Way	$1,863	1.6-3.2%	4.6%	52,210
98661	Vancouver	$1,721	1.9-3.5%	3.9%	52,027
98258	Lake Stevens	$3,015	2.2-3.8%	4%	52,005
98103	Seattle	$2,254	0.9-2.5%	6.3%	51,988
98034	Kirkland	$2,516	0.9-2.5%	5.4%	51,836
99336	Kennewick	$1,542	2.2-3.8%	7.3%	51,180
98632	Longview	$1,278	1.6-3.2%	5%	50,845
98092	Auburn	$2,061	1.4-3%	3.1%	50,510
98225	Bellingham	$1,867	1.2-2.8%	7%	50,355
98387	Spanaway	$2,807	3.2-4.8%	4.3%	49,940
98023	Federal Way	$2,025	1.5-3.1%	5.2%	49,593
98118	Seattle	$2,007	1.2-2.8%	6.2%	49,560
98105	Seattle	$2,037	0.5-2.1%	12%	49,229
98042	Kent	$2,422	1.7-3.3%	2.8%	48,594
98374	Puyallup	$2,473	2.2-3.8%	4.2%	47,645
98837	Moses Lake	$1,496	2.1-3.7%	6.1%	47,399
98501	Olympia	$1,941	1.7-3.3%	4.4%	46,937
98223	Arlington	$2,209	1.5-3.1%	6.9%	46,225
98226	Bellingham	$2,038	1.4-3%	5.1%	45,739
98902	Yakima	$1,302	2.3-3.9%	3.9%	45,377
98801	Wenatchee	$1,732	1.7-3.3%	4%	44,422
98204	Everett	$1,874	1.6-3.2%	6%	43,961
98125	Seattle	$1,867	0.8-2.4%	6.3%	43,807
99205	Spokane	$1,707	2.8-4.4%	5.6%	43,340
99362	Walla Walla	$1,561	1.8-3.4%	6.8%	42,794
98503	Lacey	$2,040	2.2-3.8%	4.2%	42,189
98036	Lynnwood	$2,052	0.9-2.5%	4.5%	42,016
98122	Seattle	$2,086	1-2.6%	7.2%	42,001
98058	Renton	$2,251	1.5-3.1%	4.8%	41,980
98059	Renton	$2,374	1-2.6%	2.4%	41,639
99206	Spokane Valley	$1,564	1.8-3.4%	3.7%	41,442
98031	Kent	$1,975	1.5-3.1%	3.1%	40,898
98006	Bellevue	$3,630	0.8-2.4%	4.6%	40,770
98033	Kirkland	$2,837	0.5-2.1%	5.7%	40,662
98277	Oak Harbor	$1,966	1.8-3.4%	9.6%	40,338
98032	Kent	$1,946	1.8-3.4%	6.1%	40,150
98584	Shelton	$1,590	1.8-3.4%	16.6%	40,036
98198	Seattle	$2,105	1.7-3.3%	5.1%	39,815
98290	Snohomish	$2,206	1-2.6%	5.4%	39,732
98004	Bellevue	$3,060	0.3-1.9%	8.1%	39,435
98026	Edmonds	$2,325	1.3-2.9%	3.4%	38,985
98604	Battle Ground	$2,360	1.9-3.5%	2.6%	38,550
98662	Vancouver	$1,838	1.8-3.4%	4.1%	38,008
98513	Olympia	$2,335	2.6-4.2%	6%	37,953
98908	Yakima	$1,697	2-3.6%	5.3%	37,921
98038	Maple Valley	$3,056	1.9-3.5%	2.4%	37,868
98366	Port Orchard	$1,966	2-3.6%	5.6%	37,692
98002	Auburn	$1,809	1.8-3.4%	6.1%	37,284
98056	Renton	$2,286	1.1-2.7%	5.7%	36,872
99352	Richland	$1,844	1.9-3.5%	6.7%	36,641
98684	Vancouver	$1,958	2-3.6%	3.4%	36,486

Notable ZIP Markets in This Sample

The highest estimated cap-rate band in this sample tops out at 4.8% in ZIP 98387 (Spanaway).

The lowest vacancy in this sample is 2.3% in ZIP 98208 (Everett).

The highest median rent in this sample is $3,630 in ZIP 98006 (Bellevue).

The highest median household income in this sample is $197,344 in ZIP 98006 (Bellevue).

Rental Markets by City

Seattle

Seattle has 12 ZIP codes in this sample. Median rents range from $1,867 to $2,421. Estimated cap-rate bands reach up to 3.3% at the high end. Vacancy averages 6.2%. See ZIP 98115 for the full market profile.

Vancouver

Vancouver has 4 ZIP codes in this sample. Median rents range from $1,690 to $1,958. Estimated cap-rate bands reach up to 3.6% at the high end. Vacancy averages 3.5%. See ZIP 98682 for the full market profile.

Spokane

Spokane has 4 ZIP codes in this sample. Median rents range from $1,478 to $1,873. Estimated cap-rate bands reach up to 4.5% at the high end. Vacancy averages 3.9%. See ZIP 99208 for the full market profile.

Everett

Everett has 3 ZIP codes in this sample. Median rents range from $1,874 to $2,100. Estimated cap-rate bands reach up to 3.2% at the high end. Vacancy averages 5.1%. See ZIP 98208 for the full market profile.

Bellingham

Bellingham has 3 ZIP codes in this sample. Median rents range from $1,867 to $2,196. Estimated cap-rate bands reach up to 3.0% at the high end. Vacancy averages 5.9%. See ZIP 98225 for the full market profile.

Kent

Kent has 3 ZIP codes in this sample. Median rents range from $1,946 to $2,422. Estimated cap-rate bands reach up to 3.4% at the high end. Vacancy averages 4.0%. See ZIP 98042 for the full market profile.

Auburn

Auburn has 3 ZIP codes in this sample. Median rents range from $1,809 to $2,406. Estimated cap-rate bands reach up to 3.4% at the high end. Vacancy averages 4.0%. See ZIP 98092 for the full market profile.

Renton

Renton has 3 ZIP codes in this sample. Median rents range from $2,251 to $2,374. Estimated cap-rate bands reach up to 3.1% at the high end. Vacancy averages 4.3%. See ZIP 98058 for the full market profile.

Olympia

Olympia has 3 ZIP codes in this sample. Median rents range from $1,941 to $2,335. Estimated cap-rate bands reach up to 4.2% at the high end. Vacancy averages 5.4%. See ZIP 98501 for the full market profile.

Tacoma

Tacoma has 3 ZIP codes in this sample. Median rents range from $1,512 to $2,054. Estimated cap-rate bands reach up to 4.3% at the high end. Vacancy averages 4.5%. See ZIP 98404 for the full market profile.

Bothell

Bothell has 2 ZIP codes in this sample. Median rents range from $2,658 to $3,370. Estimated cap-rate bands reach up to 2.9% at the high end. Vacancy averages 3.8%. See ZIP 98012 for the full market profile.

Federal Way

Federal Way has 2 ZIP codes in this sample. Median rents range from $1,863 to $2,025. Estimated cap-rate bands reach up to 3.2% at the high end. Vacancy averages 4.9%. See ZIP 98003 for the full market profile.

How to Use the Washington Directory

Start with the state page to understand the range of rental markets, then open individual ZIP pages for the numbers that matter most to underwriting. A state average can hide important local differences. One ZIP may have stronger rent growth and lower vacancy while a nearby ZIP has better purchase prices but weaker renter demand.

The most useful investor workflow is to compare rent, cap rate, vacancy, home value, renter ratio, household income, population growth, unemployment, and job growth together. No single number is enough. A high cap-rate estimate can be offset by weak income, high vacancy, or limited tenant demand. A lower cap-rate estimate can still make sense if the market has strong income, job growth, and durable renter demand.

State Coverage and Internal Links

This page links into the canonical ZIP URL structure, such as /rentals/wa/30318, without bringing back city parent pages. That structure keeps DoorBase clean for search engines: state pages organize the directory, ZIP pages hold the canonical data, and future market guides can exist separately as heavier editorial SEO hubs.

DoorBase currently tracks 80 sampled ZIP markets across 43 Washington cities in this crawlable state summary. The live React page may show a broader interactive directory after JavaScript loads, while this fallback body ensures crawlers receive meaningful text and links immediately.