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

Elma, WA has a median modeled monthly cash flow of $-1,294 and a median cap rate of 2.4%, on a median sold price of $349,900. Prices changed +0.8% year over year.

What is the average cap rate in Elma, WA?

The median cap rate across recently sold homes in Elma, WA is 2.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elma, WA?

The median sold price in Elma, WA is $349,900 (about $257 per square foot).

Investing in Elma, WA Real Estate

A data-driven snapshot of the Elma, 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.

$349,900Median sold price

$257Median $/sqft

2.4%Median cap rate

$-1,294Modeled cash flow / mo

+0.8%Appreciation YoY

7.8Months of supply

89Active listings

137Sold (last 12 mo)

What the Elma numbers say

In Elma, WA, the median home sold for $349,900 (about $257 per square foot), and the typical deal models out to a 2.4% cap rate with a median $-1,294 of monthly cash flow. Sold prices moved +0.8% over the past year. Inventory sits at about 7.8 months of supply — a looser, buyer-friendly market. 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 Elma cash-flowing listings

CashFlowRE ranks every for-sale home in Elma, 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 Elma deals, or browse the national market data.