Real Estate Investing in Mesa, Washington (99343)
Should you buy in 99343 (Mesa, WA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 39.2 — hard to cash-flow at these prices.
What’s happening in Mesa, WA (99343)?
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Market Analysis: 99343 Mesa
ZIP 99343 in Mesa, WA carries a robust set of headwinds. Home values near $576K and rents of $1,224/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $576K asset, 99343 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 99343 sits on the difficult end of the WA spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 99343 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 99343 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 Mesa:
Property Strategy for 99343
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $500,114 | $1,810 | 2.6% | +5.5% | $166,705 |
| 4BR | $716,389 | $2,090 | 2.1% | +6.3% | $179,097 |
Market Trends
Home Value History (with trend line)
📊 How Does 99343 Compare?
| Metric | 99343 | Mesa | Kennewick-Richland, WA | Washington |
|---|---|---|---|---|
| Home Value | $576,080 | $576,080 | N/A | $591,536 |
| 5-Year CAGR | 3.9% | 3.9% | N/A | 5.9% |
| Avg Rent | $1,224 | $1,224 | N/A | - |
| Cap Rate | 1.7% | 1.7% | - | - |
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 99343 (Mesa, WA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $576,080 |
| Monthly Rent | $1,224 |
| Price-to-Rent | 39.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | -0.1% ▼ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (1.7%). 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 99343
Population: 3,236
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 99343
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.
Frequently Asked Questions
Is Mesa, WA suited for a house hack?
House hacking in Mesa, WA is reasonable to execute. Prices around $576K and rents of $1,224/mo solid owner-occupant economics.
What is the typical renter like in Mesa, WA?
Tenant demand in Mesa, WA is solid. The local workforce $1,224/mo rents across most rental classes.
How much is rent in Mesa, WA?
Rental rates in Mesa, WA average $1,224/mo. Tenant demand and $576K home values make the yield look reasonable by investor standards.
What real estate strategy is ideal for Mesa, WA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Mesa, WA. The numbers - $576K homes against $1,224/mo rents - support that play.
What is the average home sale price in Mesa, WA?
Mesa, WA median home values land near $576K. That is reasonable territory for investors looking at $1,224/mo-per-month rentals.
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