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

Mill Creek, WA has a median modeled monthly cash flow of $-3,609 and a median cap rate of 1.7%, on a median sold price of $942,500. Prices changed -3.6% year over year.

What is the average cap rate in Mill Creek, WA?

The median cap rate across recently sold homes in Mill Creek, WA is 1.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Mill Creek, WA?

The median sold price in Mill Creek, WA is $942,500 (about $449 per square foot).

Investing in Mill Creek, WA Real Estate

A data-driven snapshot of the Mill Creek, 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.

$942,500Median sold price

$449Median $/sqft

1.7%Median cap rate

$-3,609Modeled cash flow / mo

-3.6%Appreciation YoY

6.6Months of supply

97Active listings

176Sold (last 12 mo)

What the Mill Creek numbers say

In Mill Creek, WA, the median home sold for $942,500 (about $449 per square foot), and the typical deal models out to a 1.7% cap rate with a median $-3,609 of monthly cash flow. Sold prices moved -3.6% over the past year. Inventory sits at about 6.6 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 Mill Creek cash-flowing listings

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