Real Estate Investing in Burbank, Washington (99323)
Should you buy in 99323 (Burbank, 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.
- High price-to-rent: Price-to-rent ratio 30.9 — hard to cash-flow at these prices.
What’s happening in Burbank, WA (99323)?
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Market Analysis: 99323 Burbank
The 99323 ZIP in Burbank, WA is a local-operator market. Outside capital chasing a $477K entry has to pair deep knowledge with the discount.
The investment case in 99323 is solid only for operators who understand what they are buying. A $477K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader WA picture, 99323 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 99323 includes headwinds that any investor should price in. Income distribution skews lower than Burbank averages, and tenant stability requires active management.
Distressed ZIPs reward experience. robust returns are possible in 99323, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Burbank:
Property Strategy for 99323
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $291,366 | $1,430 | 3.5% | +6.0% | $145,683 |
| 3BR | $473,435 | $1,950 | 3.0% | +7.7% | $157,812 |
| 4BR | $579,555 | $2,400 | 3.0% | +7.7% | $144,889 |
Market Trends
Home Value History (with trend line)
📊 How Does 99323 Compare?
| Metric | 99323 | Burbank | Walla Walla, WA | Washington |
|---|---|---|---|---|
| Home Value | $476,583 | $476,583 | N/A | $591,536 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 5.9% |
| Avg Rent | $1,287 | $1,287 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
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 99323 (Burbank, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $476,583 |
| Monthly Rent | $1,287 |
| Price-to-Rent | 30.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (2.1%). 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 99323
Population: 4,198
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 99323
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
What is the rental occupancy rate in Burbank, WA?
Burbank, WA sees elevated vacancy, which is reasonable relative to the broader WA rental market.
Which real estate strategy fits Burbank, WA?
Investors usually favor careful cash-flow rentals with hands-on management in Burbank, WA. With home values at $477K and rents near $1,287/mo, other strategies can work but produce measured rather than outsized returns.
How does Burbank, WA stack up for property investment?
Investors tracking Burbank, WA will find a 3.0/5 rating supported by $477K median home values and $1,287/mo rents. That profile suits long-term holders targeting steady returns.
Is Burbank, WA good for house hacking?
The a challenging house-hack environment in Burbank, WA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the average monthly rent in Burbank, WA?
Rents in Burbank, WA run near $1,287/mo. Compared with median home prices of $477K that produces solid gross yields for typical rentals.
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