Washington
Island County
ZIP 98249
86,747 residents255 permits TTM$88,358 median HHI8 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$535,300
ACS 5-Year
Cap rate proxy
3.7%
FMR × 0.65 ÷ Home Value
Rent-to-income
22.2%
HUD FMR ÷ ACS HHI
Net migration
+2.70%
IRS SOI
Permits (TTM)
255
Census BPS
Climate risk
78.0
FEMA NRI (0–100)
ZIP 98249
Median home value
—
Gross yield
—
Cap rate
2.7%
Rent gap
—
Affordability
P/I: 8.3R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown8 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 98278 | — | — | — | 3.7% | — |
| 98239 | — | — | — | 3.1% | — |
| 98277 | — | — | — | 4.6% | — |
| 98282 | $714,865 | $2,160 | 3.6% | 2.7% | 24.5% |
| 98236 | — | — | — | 2.7% | — |
Ranked by composite score
Compare all ZIPs in Island County
See all 8 ZIPs ranked by yield and cap rate
Compare yields, cap rates, rent gaps, and affordability across every ZIP. Free account.
- Sortable table — sort by yield, rent gap, affordability
- Drill into any ZIP for full detail
- Save markets and weekly market digest
Free · No credit card · No spam
3
ZIP comparison table. Showing 5 of 8 ZIPs. Sign up to see all.
Demographics
Owner-occupied
74.6%
Census ACS
Vacancy rate
16.2%
Census ACS
Bachelor's degree +
35.7%
Census ACS
Rent burdened
51.0%
Census ACS (>30% income)
Median age
44.5
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026