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

Hobart, WA has a median modeled monthly cash flow of $-4,596 and a median cap rate of 1.5%, on a median sold price of $998,888. Prices changed +5.6% year over year.

What is the average cap rate in Hobart, WA?

The median cap rate across recently sold homes in Hobart, WA is 1.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Hobart, WA?

The median sold price in Hobart, WA is $998,888 (about $462 per square foot).

Investing in Hobart, WA Real Estate

A data-driven snapshot of the Hobart, 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.

$998,888Median sold price

$462Median $/sqft

1.5%Median cap rate

$-4,596Modeled cash flow / mo

+5.6%Appreciation YoY

9.0Months of supply

56Active listings

75Sold (last 12 mo)

What the Hobart numbers say

In Hobart, WA, the median home sold for $998,888 (about $462 per square foot), and the typical deal models out to a 1.5% cap rate with a median $-4,596 of monthly cash flow. Sold prices moved +5.6% over the past year. Inventory sits at about 9.0 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 Hobart cash-flowing listings

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