Four out of 10 neighborhoods are located in the heated Tacoma submarket.
SEATTLE, Jan. 28, 2020 — Mynd Property Management, a property management firm serving the small residential sector with a combination of on-the-ground experts and innovative technology, has released a list of the 10 most popular zip codes in the Seattle metro area on its website.
A zip code in southeastern Tacoma—98404—holds the honor as the most popular neighborhood on Mynd.co; followed by 95822, a zip code in Pasco, WA; while the third-most-popular zip code is 98409, also located in the southern portion of Tacoma.
“As rents for apartments and single-family rental (SFR) properties continue to soar in the city of Seattle, renters are scouring the region for less expensive alternatives that are still near the city, within a reasonable commuting distance of Seattle’s largest employment centers, and near mass transit,” says Enrique Jevons, regional director of the Seattle office of Mynd Property Management. “That explains why so many zip codes on this list are located in Tacoma, a booming Puget Sound market. In fact, as renter demand keeps building for Tacoma properties, occupancy continues to rise and rental prices may compete with rents in Seattle proper,” he notes.
“At Mynd, we are hyper-focused on capturing and analyzing neighborhood-level data to optimize the performance of the rental properties we manage,” explains Doug Brien, CEO and co-founder of Mynd Property Management. “Our new list of the most popular Seattle-area zip codes provides investors with a wealth of information on where to invest in Puget Sound rental properties,” he notes. “These zip codes have low vacancies, strong rental rates and other solid fundamentals that make them attractive submarkets for investing.”
Mynd uses big data and technology to help renters and residents find rental homes and assists property owners in managing and acquiring rental properties.
For this study, Mynd ranked five different factors to arrive at its list of the most popular zip codes among renters in 2019. They include: 1) the number of page views for each zip code, 2) the number of applications in each zip code, 3) the number of showings in each zip code, 4) the number of prospects interested in rentals in each zip code, and 5) the number of listings available in each zip code.
Here’s the list of the 10 most popular Seattle area zip codes on www.mynd.co in 2019:
|5||98418||Tacoma||WA||Lincoln International District|
|6||98023||Federal Way||WA||Federal Way, WA|
|7||98444||Tacoma||WA||South Central Tacoma|
Source: Mynd Property Management
About Mynd Property Management
Mynd Property Management serves the small residential real estate sector with a combination of on-the-ground experts and innovative technology that empowers investing in any market in the U.S. Headquartered in Oakland, Calif., Mynd manages over 9,000 units in 16 markets and offers small residential rental properties for sale in 20 metro areas. Mynd’s end-to-end management and real estate investment solution is powered by INVESTimate, a home-valuation tool that determines the investment potential of any home in the United States using AI and machine learning.