Market Rents in Bremerton, WA

[Christian Bateman]

Hey All,

I'm curious what people are actually getting for market rent in the Bremerton, WA area?

I'm currently renting a 3bd-1bth 850sqft unit in a duplex for $1400 in the Manette Neighborhood.

I'm looking at a similar sized duplex in West Bremerton and wondering if rents are similar over there? Zillow rental listings look similar to where our rent is in Manette. Is this actually the case? What is going on with the rental market here? Do you expect to see rents continue to increase?

Thanks!

[John Bierly]

I have three duplexes in East Bremerton off of Wheaton Way, four are 3/1.5/1250sf units that go for $1450 and the other two are 3/2.5/1350sf units for $1550.  So about $1.15sf average rent, I've never had much trouble renting them altho the demand does respond to carriers coming into port or leaving.  Poulsbo and Silverdale get a little more money per sf, and while prices reflect it I've found that they can be more profitable due to a somewhat higher quality renter pool (less turnover and damage) and the fact that maintenance expense is spread over a higher base rent (more a function of how many kitchen and baths you have than a percentage of rent).