Location: Seattle-Bellevue, WA | Metro: Seattle-Bellevue, WA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,130 |
| 1 Bedroom | $2,220 |
| 2 Bedrooms | $2,600 |
| 3 Bedrooms | $3,390 |
| 4 Bedrooms | $4,030 |
| 5 Bedrooms | $4,675 |
| 6 Bedrooms | $5,236 |
| 7 Bedrooms | $5,655 |
| 8 Bedrooms | $5,938 |
The ZIP code 98145, located within the Seattle-Bellevue, WA HUD Metro FMR Area, presents itself as a cash-flow anchor in a Section 8 portfolio strategy. This classification is based on the Federal Market Rent (FMR) for fiscal year 2024, which stands at $2700. The lack of specific market data, such as median home values and price-cut shares, indicates that there is limited information available for a comprehensive analysis. However, the FMR provides a solid baseline for rental pricing.
In a cash-flow anchor strategy, the focus is on maintaining steady, predictable income through rentals that are closely aligned with government assistance programs like Section 8. ZIP 98145's FMR aligns well with the rental subsidies offered, ensuring that landlords can cover their costs and generate reliable income without relying on volatile market conditions. The absence of detailed market data suggests that this area may not be experiencing significant fluctuations in home values or rental rates, making it a stable choice for long-term investment.
A cash-flow anchor property should have low days on market (DOM), indicating strong demand and quick tenancy turnover. Although specific DOM figures are not provided, the high demand for affordable housing in the Seattle-Bellevue metropolitan area implies that properties in ZIP 98145 would likely fill quickly, supporting the anchor role.
Given the limited data on median income and renter share, it's challenging to assess ZIP 98145 as an appreciation play or a diversifier. However, the consistent FMR and the strong need for subsidized housing make it a dependable asset for generating steady cash flow, which is essential for any balanced real estate investment portfolio.
Data Sources: FMR data from HUD (2027).
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.