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North Fort Lewis, WA | City Real Estate Market Analysis

North Fort Lewis, Pierce County, Washington
City Analysis Real Estate Market WA Pierce County
North Fort Lewis
Market Insight

North Fort Lewis, WA Investment Potential Analysis

Market analysis for North Fort Lewis, WA will appear here once data is available. This section will surface investment opportunities, risk assessments, neighbourhood trends, and local real estate insights specific to this market.

Avg. Home Value
🏠 Median residential property value in North Fort Lewis.
0.75%
Property Tax Rate
🏛️ Effective property tax rate for this market.
$45,319
Avg. Household Income
💵 Average annual household income in the area.
2,695
Population
👥 Total city population estimate.
Unemployment Rate
📊 Local unemployment vs. national benchmark.

North Fort Lewis, WA Real Estate Market Property Overview

  • Real estate market overview for North Fort Lewis, WA, Pierce County
  • Population of 2,695
  • Average household income of $45,319
  • Property tax rate of 0.75%
  • Median resident age of 21.40

Property Details

City North Fort Lewis State Washington
County Pierce Country USA
Population 2,695 Median Age 21.40
Avg. Household Income $45,319 Median Home Value N/A
Unemployment Rate N/A Property Tax Rate 0.75%
Top Industries N/A Economic Overview N/A
Coordinates 47.1222, -122.5962 Properties Listed 0

Model investment returns using North Fort Lewis, WA market data as defaults

25%
5.0%
30 years
0.75%
5 years
3.0%
Down Payment Amount:$125,000
Loan Amount:$375,000
Monthly Mortgage:$2,012
Monthly Tax:$490
Total Monthly Payment:$2,502
Monthly Cash Flow:$581
Cash on Cash Return:5.6%
Cap Rate:5.0%
Debt Coverage Ratio:1.23x
IRR (5 years):8.4%
Projected Property Value:$579,637
Total Equity:$234,891
📊Monthly Payment Analysis

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💵Cash on Cash Return

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🚀Internal Rate of Return

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🏛️Property Tax Analysis

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* Calculations use North Fort Lewis, WA median home value as the default purchase price. All figures are estimates only. Consult financial and legal professionals before investing.

Capital Allocation Comparison

Direct ownership vs. passive CRE platform exposure

Compare the same starting capital across two allocation paths: direct property ownership with operational responsibility, debt exposure, and single-asset concentration, versus a professionally managed REI Capital platform strategy built around institutional underwriting and a 9% target annual growth projection.

Direct Property Ownership
  • Concentrated exposure to one property and market
  • Debt service, refinancing, and rate sensitivity
  • Active leasing, vendor, and asset oversight
  • Vacancy, capex, and maintenance obligations
  • Illiquid exit process with timing risk
  • Transaction costs can compress realized returns
Projected direct ownership outcome Calculating…
VS
REI Capital Platform Exposure
  • Passive exposure without direct operator liability
  • Institutional underwriting and acquisition discipline
  • Professional asset management and reporting
  • Strategy designed to reduce single-asset concentration
  • 9% annual target growth projection for comparison
  • Curated deal flow with a passive capital framework
Projected platform exposure at 9% target Calculating…
Projected difference

Calculating the comparison…

* REI Capital Growth uses a 9% target annual growth projection for comparison only. Returns are not guaranteed and actual results may vary. Consult a financial professional before making investment decisions.

Who This Is Designed For

Built for investors evaluating passive commercial real estate exposure

REI Capital is positioned for investors who want institutional-quality underwriting, disciplined capital deployment, and real estate exposure without managing the asset directly.

Accredited Investors

Deploy capital into a professionally managed real estate strategy without taking on daily operator responsibilities.

Family Offices

Evaluate long-duration CRE exposure with an emphasis on underwriting discipline and capital preservation.

1031 Exchange Buyers

Compare direct replacement ownership against passive alternatives with reduced operational complexity.

High-Income Professionals

Access commercial real estate exposure while preserving time, focus, and liquidity for core priorities.

Where Your NOI Goes Each Month

* Distribution based on current inputs. Actual expenses may vary.

ROI Over Time: Direct Ownership vs REI Capital

* Property return uses a conservative 3.8%–4.2% annual capital appreciation assumption. REI Capital uses a 9% target projection. Returns are not guaranteed.

Deployment Scenario Analysis

Your Down Payment: Direct Ownership vs REI Capital Platform Exposure

Same starting capital. Compare a direct ownership path against passive capital deployment through REI Capital.

Direct ownership (3.8%–4.2% appreciation) REI Capital (9% target)

* "Direct ownership" shows the same down payment growing at the selected 3.8%–4.2% annual capital appreciation rate. "REI Capital" shows the same down payment growing at 9% annual target. Returns are not guaranteed.

Allocation Rationale

Why sophisticated investors choose passive CRE exposure

Direct ownership can be powerful, but it also concentrates capital, time, and execution risk into one asset. Passive CRE exposure helps investors participate in professionally managed real estate strategies while reducing the operational burden of owning the property themselves.

  • Professional underwriting before capital deployment
  • Reduced exposure to single-asset operational demands
  • Access to institutional sourcing and asset management
  • Passive framework built for long-term capital strategy
  • Clearer comparison against direct ownership costs
  • Time-efficient exposure for qualified investors
Investor Materials

A more efficient way to deploy capital

The analysis above is only the starting point. Review the REI Capital investment materials to understand the acquisition strategy, underwriting framework, risk controls, and investor onboarding process behind the 9% target projection.

  • Acquisition strategy & deal flow
  • Underwriting and risk framework
  • Platform team and execution process
  • Investor qualification and next steps
Access Investment Materials

For qualified investors · Private overview · PDF access

Investment Due Diligence For North Fort Lewis, WA Income Property

Key questions for informed investment decisions

What's the overall market stability like for real estate investors in this city? +
The 19.1% poverty rate is a concern, but the 92.4% health insurance coverage and relatively low 20.5-minute average commute time suggest a stable workforce, which is a positive sign for investors. Additionally, the top industries, including Public Administration and Retail Trade, provide a diverse economic base. The foreign-born rate of 11.2% and top ethnicities, such as White, Asian, and Hispanic or Latino, also indicate a culturally diverse population, which can contribute to a vibrant and stable community.
How does the local economy impact rental demand and property values? +
The median household income of $45,319 and employed population of 1,298 suggest a working-class market with some disposable income, which can support rental demand. The top industries, including Accommodation and Food Services, also indicate a strong service sector, which can drive demand for housing. Furthermore, the median property value of $231,400 and median property taxes of $2,431 suggest a relatively affordable housing market, which can attract renters and investors alike.
What are the implications of the city's demographic characteristics for real estate investors? +
The relatively young median age of 21.4 and diverse top ethnicities, including White, Asian, and Hispanic or Latino, suggest a dynamic and growing population, which can drive demand for housing. The Gini coefficient of 0.43 indicates a moderate level of income inequality, which can impact the affordability of housing for some residents. However, the 92.4% health insurance coverage and low poverty rate compared to other areas suggest a relatively stable and secure population, which is attractive to investors.
How does the city's transportation infrastructure impact the quality of life for residents and investors? +
The 20.5-minute average commute time and top commute methods, including driving alone and walking, suggest a relatively convenient and accessible transportation infrastructure, which can enhance the quality of life for residents and make the area more attractive to investors. The low commute time also indicates a compact and connected city, which can support a strong sense of community and local economy.
What are the key factors that investors should consider when evaluating the potential for property appreciation in this city? +
The median property value of $231,400 and median property taxes of $2,431 suggest a relatively affordable housing market, which can appreciate in value over time. The diverse economy, including top industries such as Public Administration and Retail Trade, and the culturally diverse population, including a foreign-born rate of 11.2%, also indicate a vibrant and dynamic community, which can drive property appreciation. Additionally, the low homeownership rate of 1.5% suggests a potential for increased demand and appreciation in the rental market.
What are some of the best neighborhoods to live in North Fort Lewis? +
Some of the best neighborhoods to live in North Fort Lewis include Lakeland South, Dupont, and Steilacoom. These neighborhoods offer a peaceful and suburban lifestyle, with easy access to the I-5 freeway and downtown Seattle. Homes in these areas can range from $590k to $700k, with monthly HOA fees around $60-$75.
What are some fun things to do in North Fort Lewis? +
There are plenty of fun things to do in North Fort Lewis, including visiting the Mount St. Helens area, hiking, cycling, and water sports. You can also explore the nearby cities of Tacoma and Olympia, which offer a variety of attractions, such as the Foxy Lady Bikini Bar, Theatrical Nightmare, and the Washington State Capitol Campus. For a unique experience, take a ride on a steam train or fly fish on the Cowlitz River.
What is the food scene like in North Fort Lewis? +
The food scene in North Fort Lewis is diverse and offers a range of options, from unique restaurants like Esan Zap and Uptown Grill, to traditional American fare at Bennigan's. You can also find great Asian cuisine at Happy Teriyaki and Cham Garden, or try some delicious brunch options at Honey. Additionally, there are plenty of great food trucks and local eateries to explore.
What are the pros and cons of living in North Fort Lewis? +
The pros of living in North Fort Lewis include its peaceful and suburban lifestyle, easy access to the I-5 freeway and downtown Seattle, and a range of outdoor activities and attractions. However, some cons include the high cost of living, with homes ranging from $590k to $700k, and monthly HOA fees around $60-$75. Additionally, traffic can be a challenge, especially during rush hour.
Is North Fort Lewis a good place to live? +
North Fort Lewis can be a great place to live, depending on your individual preferences and priorities. If you value a peaceful and suburban lifestyle, with easy access to outdoor activities and attractions, then North Fort Lewis may be an excellent choice. However, if you're looking for a more urban lifestyle or a lower cost of living, you may want to consider other options. Ultimately, it's essential to weigh the pros and cons and visit the area in person to determine if North Fort Lewis is the right fit for you.

Things Near North Fort Lewis, WA

Metro Center Station

0.2 miles

Grand Central Market

0.4 miles

About North Fort Lewis

This market tends to be quite young, with a median age of 21.4, which could indicate a strong potential for growth and innovation. The population of 2695 is relatively small, but the median household income of $45,319 suggests a decent level of economic stability. However, the 19.1% poverty rate suggests some risk, and investors should be aware of the potential challenges that come with it. On the other hand, the top industries in the area, including Public Administration, Retail Trade, and Accommodation and Food Services, could provide a stable foundation for investment. The average commute time of 20.5 minutes is relatively short, which could be attractive to businesses and residents alike. Additionally, the health insurance coverage rate of 92.4% indicates a relatively healthy population. The foreign-born rate of 11.2% and the diversity of top ethnicities, including White, Asian, and Hispanic or Latino, suggest a culturally rich and diverse community. Nevertheless, the low homeownership rate of 1.5% and the relatively high poverty rate are concerns that need to be addressed. Overall, this market presents a mix of opportunities and challenges, and investors should carefully consider these factors before making a decision.

Population 2,695
Median Age 21.40
Avg. Household Income $45,319
Investor Materials

Access the REI Capital investment overview

Review the acquisition strategy, underwriting framework, risk considerations, and investor onboarding process in one private PDF.

Access Investment Materials