Best Places to Buy Rental Property in Washington (2026)

There is no honest way to rank Washington cities by rental return without rent data, and this page does not have it. What it does have is transaction evidence: the median price homes actually closed at inside each city's limits, and how many closings happened. That answers the two questions that come before any cash flow analysis, what it costs to get in and whether you can get back out.

What this page measures, and what it does not

Every city below cleared at least 100 closings in its reporting window, which filters out markets too thin to read. They are ranked cheapest first by median closed price, from $349,000 to $486,500. You will not find rent estimates, rent-to-price ratios, cap rates, cash-on-cash projections or gross yield rankings here. Resideline does not have verified rent data for these cities, so publishing those numbers would be invention rather than analysis. Entry price and transaction volume are what the data supports. Every figure describes closings inside the city limits, not the wider postal area that shares the city's name. The two can differ a lot: a postal area usually reaches into surrounding townships, which pulls the median toward whatever those townships are worth. Washington's statewide median closed price is $580,000 across 57,713 tracked closings.

The rankings

1. Shelton, $349,000, 143 closings

At $349,000 the entry price is about 60 percent of the Washington median. Resideline tracked 143 closings there over the last last 12 months, roughly 12 a month. That is a thin market: both your comparable set and your eventual exit depend on a small buyer pool. About 86 percent of those closings are houses, so the figure describes that segment rather than every property type. This is a low-volume market, so treat the median as directional. Full detail is on the Shelton market page.

2. Spokane, $354,950, 1,906 closings

At $354,950 the entry price is about 61 percent of the Washington median. Resideline tracked 1,906 closings there over the last last six months, roughly 318 a month. About 89 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Spokane market page.

3. Moses Lake, $360,000, 284 closings

At $360,000 the entry price is about 62 percent of the Washington median. Resideline tracked 284 closings there over the last last six months, roughly 47 a month. About 82 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Moses Lake market page.

4. Yakima, $370,000, 514 closings

At $370,000 the entry price is about 64 percent of the Washington median. Resideline tracked 514 closings there over the last last six months, roughly 86 a month. About 81 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Yakima market page.

5. Walla Walla, $403,250, 288 closings

At $403,250 the entry price is about 70 percent of the Washington median. Resideline tracked 288 closings there over the last last six months, roughly 48 a month. About 83 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Walla Walla market page.

6. Port Angeles, $415,000, 200 closings

At $415,000 the entry price is about 72 percent of the Washington median. Resideline tracked 200 closings there over the last last six months, roughly 33 a month. About 91 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Port Angeles market page.

7. Pasco, $419,995, 499 closings

At $419,995 the entry price is about 72 percent of the Washington median. Resideline tracked 499 closings there over the last last six months, roughly 83 a month. About 91 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Pasco market page.

8. Spokane Valley, $425,000, 463 closings

At $425,000 the entry price is about 73 percent of the Washington median. Resideline tracked 463 closings there over the last last six months, roughly 77 a month. About 89 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Spokane Valley market page.

9. Sequim, $450,000, 259 closings

At $450,000 the entry price is about 78 percent of the Washington median. Resideline tracked 259 closings there over the last last 12 months, roughly 22 a month. Full detail is on the Sequim market page.

10. Bremerton, $460,000, 359 closings

At $460,000 the entry price is about 79 percent of the Washington median. Resideline tracked 359 closings there over the last last six months, roughly 60 a month. About 81 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Bremerton market page.

11. Vancouver, $471,710, 1,211 closings

At $471,710 the entry price is about 81 percent of the Washington median. Resideline tracked 1,211 closings there over the last last six months, roughly 202 a month. Full detail is on the Vancouver market page.

12. Wenatchee, $479,000, 229 closings

At $479,000 the entry price is about 83 percent of the Washington median. Resideline tracked 229 closings there over the last last six months, roughly 38 a month. Full detail is on the Wenatchee market page.

13. Richland, $479,495, 522 closings

At $479,495 the entry price is about 83 percent of the Washington median. Resideline tracked 522 closings there over the last last six months, roughly 87 a month. About 85 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Richland market page.

14. Tacoma, $485,000, 1,516 closings

At $485,000 the entry price is about 84 percent of the Washington median. Resideline tracked 1,516 closings there over the last last six months, roughly 253 a month. About 85 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Tacoma market page.

15. Spanaway, $486,500, 212 closings

At $486,500 the entry price is about 84 percent of the Washington median. Resideline tracked 212 closings there over the last last six months, roughly 35 a month. About 88 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Spanaway market page.

How to use this list

Treat it as a shortlist, not an answer. A citywide median cannot price a specific address: property type, size, condition and location move a number far more than the city line does. Run any address on this list through Resideline for the comparable set behind its value.

Figures last updated August 23, 2026 from closings Resideline tracked.