Is Union Hill-Novelty Hill, WA a good place to invest in rental property?

Union Hill-Novelty Hill, WA has a median modeled monthly cash flow of $-6,692 and a median cap rate of 0.9%, on a median sold price of $1,494,250. Prices changed -2.8% year over year.

What is the average cap rate in Union Hill-Novelty Hill, WA?

The median cap rate across recently sold homes in Union Hill-Novelty Hill, WA is 0.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Union Hill-Novelty Hill, WA?

The median sold price in Union Hill-Novelty Hill, WA is $1,494,250 (about $602 per square foot).

Investing in Union Hill-Novelty Hill, WA Real Estate

A data-driven snapshot of the Union Hill-Novelty Hill, 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.

$1,494,250Median sold price

$602Median $/sqft

0.9%Median cap rate

$-6,692Modeled cash flow / mo

-2.8%Appreciation YoY

9.7Months of supply

210Active listings

260Sold (last 12 mo)

What the Union Hill-Novelty Hill numbers say

In Union Hill-Novelty Hill, WA, the median home sold for $1,494,250 (about $602 per square foot), and the typical deal models out to a 0.9% cap rate with a median $-6,692 of monthly cash flow. Sold prices moved -2.8% over the past year. Inventory sits at about 9.7 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 Union Hill-Novelty Hill cash-flowing listings

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