RentYield Atlas

ZIP 98042 — Covington, WA: rental yield & market data

Gross rental yield of 4.1% — ranked #107 of 229 Washington ZIP codes. June 2026 data.

Gross rental yield
4.1%
Home value
$705,696
Market rent / mo
$2,410
Price-to-rent
24.4

Trend

Metric1-year change5-year change
Home value-1.8% +13.6%
Market rent+2.8% +27.3%

Metro: Seattle-Tacoma-Bellevue, WA · County: King County · Annual rent: $28,920

Comparable ZIP codes in Washington

Similar home values, sorted by yield — the cheapest way to see if 98042 is actually the better buy.

ZIPCitySTHome valueRent/moYieldP/RValue 1y
98258Lake StevensWA$711,978$2,9564.98%20.1-1.9%
98221AnacortesWA$727,334$2,6894.44%22.5+0.9%
98108SeattleWA$693,502$2,2223.84%26.0-2.3%
98229BellinghamWA$704,443$2,1723.70%27.0-0.1%
98043Mountlake TerraceWA$687,250$2,0783.63%27.6-2.3%
98146BurienWA$690,246$1,8763.26%30.7-1.0%
98403TacomaWA$717,001$1,8283.06%32.7-0.1%
98467University PlaceWA$687,444$1,6822.94%34.0-1.4%

Top rental yields in all of Washington →

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