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Market MapWashingtonKitsap

Kitsap County

WashingtonPopulation: 275,411
47
/100
Hold
#850 of 1,000 counties
#22 in Washington (39 counties)

Market Snapshot

$565,298
Median Home Price
107% above national median
$2,035/mo
Median Rent
36% above national median
4.32%
Rent-to-Price Ratio
Top 90% nationally
-$1,641
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$565,298
Down Payment (20%)$113,060
Loan Amount$452,238
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$2,035
Monthly P&I-$2,963
Est. Expenses (35%)-$712
Net Cash Flow-$1,641/mo
2.8%
Cap Rate (all cash)
-15.2%
Cash-on-Cash Return
4.32%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 2.8% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
47/100
47
Cash Flow(30%)
35/100

Based on 4.32% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
63/100

Based on 1.3% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
40/100

Price-to-income ratio of 6.0x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Complete rent data available

Challenges

  • -Below-average rent-to-price ratio (4.32%)
  • -Negative cash flow at typical financing (-$1,641/mo)
  • -Negative leverage (cap rate 2.8% < mortgage rate 6.9%)

Economic Indicators

Population
275,411
Median Income
$93,675
vs $62,400 national est.
Unemployment Rate
—
Data pending
Price-to-Income
6.0x
Less affordable

Compare to Nearby Counties

CountyVerdict
BentonWA
48$441,035$1,7454.75%HoldView
Grays HarborWA
48$315,708$1,4685.58%HoldView
Walla WallaWA
48$405,430$1,4714.35%HoldView
CurrentKitsapWA
47$565,298$2,0354.32%Hold
ThurstonWA
47$518,972$2,0544.75%HoldView
WhitmanWA
47$313,938$1,5776.03%HoldView

The Bottom Line

HoldKitsap is a neutral market. Consider house hacking or targeting below-market deals.

Kitsap County in Washington scores 47/100, ranking #850 of 1,000 US counties (top 85%). The 4.32% rent-to-price ratio may require creative strategies or below-market purchases for positive cash flow. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow
$-1,641/mo
Cap Rate
2.8%
Cash-on-Cash
-15.2%

Ready to Analyze a Deal in Kitsap?

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