Is Elk Plain, WA a good place to invest in rental property?

Elk Plain, WA has a median modeled monthly cash flow of $-991 and a median cap rate of 4.0%, on a median sold price of $500,000. Prices changed +4.7% year over year.

What is the average cap rate in Elk Plain, WA?

The median cap rate across recently sold homes in Elk Plain, WA is 4.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elk Plain, WA?

The median sold price in Elk Plain, WA is $500,000 (about $314 per square foot).

Investing in Elk Plain, WA Real Estate

A data-driven snapshot of the Elk Plain, WA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$500,000Median sold price

$314Median $/sqft

4.0%Median cap rate

$-991Modeled cash flow / mo

+4.7%Appreciation YoY

4.3Months of supply

68Active listings

190Sold (last 12 mo)

What the Elk Plain numbers say

In Elk Plain, WA, the median home sold for $500,000 (about $314 per square foot), and the typical deal models out to a 4.0% cap rate with a median $-991 of monthly cash flow. Sold prices moved +4.7% over the past year. Inventory sits at about 4.3 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Washington markets to compare

See Elk Plain cash-flowing listings

CashFlowRE ranks every for-sale home in Elk Plain, WA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Elk Plain deals, or browse the national market data.