Washington
Okanogan County
ZIP 98840
42,811 residents218 permits TTM$60,293 median HHI19 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$284,200
ACS 5-Year
Cap rate proxy
3.7%
FMR × 0.65 ÷ Home Value
Rent-to-income
17.3%
HUD FMR ÷ ACS HHI
Net migration
+1.47%
IRS SOI
Permits (TTM)
218
Census BPS
Climate risk
89.2
FEMA NRI (0–100)
ZIP 98840
Median home value
$265,947
Gross yield
4.7%
Cap rate
3.9%
Rent gap
16.8%
Affordability
P/I: 4.4R/I: —
Section 8 detail
SAFMR: $1,043Rent: $868Gap: 20.2%
ZIP code breakdown19 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 98812 | $306,187 | $1,043 | 4.1% | 3.4% | 16.8% |
| 98814 | $284,200county est. | $1,043 | 4.4% | 3.7% | 16.8% |
| 98819 | $284,200county est. | $1,043 | 4.4% | 3.7% | 16.8% |
| 98827 | $284,200county est. | $1,043 | 4.4% | 3.7% | 16.8% |
| 98829 | $284,200county est. | $1,043 | 4.4% | 3.7% | 16.8% |
Ranked by composite score
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Demographics
Owner-occupied
71.7%
Census ACS
Vacancy rate
21.8%
Census ACS
Bachelor's degree +
24.0%
Census ACS
Rent burdened
29.0%
Census ACS (>30% income)
Median age
43.4
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