Section 8 Fair Market Rent (FMR) for ZIP 97848 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The classification of ZIP code 97848, based on the provided data, falls into a category that is neither purely high-yield nor strictly low-stability. With a Fair Market Rent (FMR) of $1,100 for the fiscal year 2026, the area shows potential for rental income, especially considering that the market and home values are currently not available, which suggests limited competition from homeownership and potentially higher demand for rentals.

On the stability axis, the 28.0% renter occupancy rate indicates a moderate level of stability. While it's not a high figure that would typically suggest a very stable market, it's also not so low that it would indicate significant instability. The average daily days on market (DOM) data is unavailable, which means we cannot assess how quickly properties are being rented out. However, the median household income of $50,000 provides some insight into the economic health of the area, suggesting that residents have a reasonable capacity to pay rent.

To further clarify the market dynamics, consider the following:

• Rental Yield: At $1,100 FMR, landlords can expect a consistent rental income stream. This is particularly beneficial given the lack of comparable market and home values, which implies less pressure from the homebuying sector.
• Market Stability: The 28.0% renter rate, while not high, does indicate a stable core of tenants. Coupled with the $50,000 median income, it suggests a reliable tenant pool with the ability to sustain rental payments.

In conclusion, ZIP code 97848 presents an opportunity for steady cash flow rather than a high-risk, high-reward scenario. The absence of certain data points, such as market and home values, and daily DOM, limits a comprehensive assessment but does not detract from the potential for stable, predictable returns. Landlords and small-portfolio investors should focus on the $1,100 FMR and the economic indicators like median income to make informed decisions about investment in this area.

Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.