Real Estate Investing in Pasco, Washington (99301)
Should you buy in 99301 (Pasco, 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.
What’s happening in Pasco, WA (99301)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 99301 Pasco
Not every below-median market is a bargain. Pasco's 99301 ZIP stands at signals that favor experienced operators who can absorb the risk $422K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 99301 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
On balance, 99301 offers a low basis, the region around Pasco has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 99301 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 99301 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Pasco:
Property Strategy for 99301
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $239,181 | $1,250 | 3.8% | +9.6% | $239,181 |
| 2BR | $286,041 | $1,520 | 3.8% | +7.8% | $143,021 |
| 3BR | $393,358 | $2,050 | 3.8% | +6.5% | $131,119 |
| 4BR | $469,420 | $2,360 | 3.6% | +6.1% | $117,355 |
| 5BR | $542,417 | — | — | +6.6% | $108,483 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 99301 Compare?
| Metric | 99301 | Pasco | Kennewick-Richland, WA | Washington |
|---|---|---|---|---|
| Home Value | $421,733 | $421,733 | N/A | $591,536 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 5.9% |
| Avg Rent | $1,753 | $1,753 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 99301 (Pasco, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $421,733 |
| Monthly Rent | $1,753 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +0.6% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 Rent Trends
| 1-Year | -1.4% ▼ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +4.9% ▲ |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.2%). 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 99301
Population: 86,467
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 99301
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
How much is rent in Pasco, WA?
Rent in Pasco, WA is around $1,753/mo. The resulting rent-to-value relationship with $422K pricing is reasonable for most investor models.
How do landlord-tenant laws work in Pasco, WA?
For rental operators, Pasco, WA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
Which investment style suits Pasco, WA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Pasco, WA. The numbers - $422K homes against $1,753/mo rents - support that play.
What does house hacking look like in Pasco, WA?
The house hack math a challenging in Pasco, WA. Owner-occupant buyers benefit from the $1,753/mo rents and $422K home values.
Is real estate in Pasco, WA a good investment right now?
The 3.0/5 investability rating in Pasco, WA reflects its $422K prices and $1,753/mo rents. Investors generally consider it a solid option within WA.
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