Washington

Washington offers SFR investors an array of markets that are beneficial to various goals. While Seattle and Bellevue are premium markets with high barriers to entry, cities like Spokane and Tacoma provide more affordable property values with the potential for solid cash flow.

If you’re targeting Washington’s premium markets, both Bellevue and Seattle have seen solid growth in average SFR rents. Bellevue rents rose 2.8% YoY, reaching $3,873, while Seattle saw a 1.0% increase, bringing average rents to $2,065¹.

With a lower barrier to entry, Tacoma and Spokane also experienced growth in average SFR rents. Tacoma led with a 3.7% year-over-year increase, while Spokane saw a modest uptick of 0.2%, reaching $2,065².

Visio Lending is Washington’s premier DSCR lender, requiring an MSA or approved exception. SFR investors turn to us for fast, dependable and flexible financing solutions to help them scale their rental portfolios in The Evergreen State.

Sources:

1 & 2: Rentometer