What is the median home value in Lincoln County, WA?

The median home value in Lincoln County, WA is $272,300, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in Lincoln County, WA?

The cap rate proxy in Lincoln County, WA is 3.8% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is below average, suggesting an appreciation-focused market.

How much new construction is happening in Lincoln County, WA?

Lincoln County has 11,271 residents and issued 55 building permits over the trailing twelve months, according to the Census Building Permits Survey.

Washington

Lincoln County

11,271 residents55 permits TTM$71,227 median HHI12 ZIP codesUpdated April 28, 2026

Investor first look

Median home value

$272,300

ACS 5-Year

Cap rate proxy

3.8%

FMR × 0.65 ÷ Home Value

Rent-to-income

14.7%

HUD FMR ÷ ACS HHI

Net migration

+1.95%

IRS SOI

Permits (TTM)

Census BPS

Climate risk

54.9

FEMA NRI (0–100)

ZIP code breakdown12 ZIP codes

Numbers repeat across most ZIPs in this county

ZIP-level home-value data isn't published for rural areas. Federal sources (Census ACS, HUD non-metro FMR) are available at the county level only, so home-value, cap-rate, and rent-gap numbers use the county estimate for every ZIP in the county.

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
99008	$272,300county est.	$1,021	4.5%	3.8%	14.6%
99029	$400,133	$1,021	3.1%	2.6%	14.6%
99032	$272,300county est.	$1,021	4.5%	3.8%	14.6%
99103	$272,300county est.	$1,021	4.5%	3.8%	14.6%
99117	$272,300county est.	$1,021	4.5%	3.8%	14.6%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$202,502	$1,021	6.1%	5.2%	14.6%
$272,300county est.	$1,021	4.5%	3.8%	14.6%
$272,300county est.	$1,021	4.5%	3.8%	14.6%
$272,300county est.	$1,021	4.5%	3.8%	14.6%
$272,300county est.	$1,021	4.5%	3.8%	14.6%
$283,451	$1,021	4.3%	3.7%	14.6%
$359,601	$1,021	3.4%	2.9%	14.6%

Demographics

Owner-occupied

78.5%

Census ACS

Vacancy rate

20.2%

Census ACS

Bachelor's degree +

23.7%

Census ACS

Rent burdened

19.5%

Census ACS (>30% income)

Median age

46.9

Census ACS

Data sources

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 28, 2026

Lincoln County

See all 12 ZIPs ranked by yield and cap rate