Location: Seattle-Bellevue, WA | Metro: Seattle-Bellevue, WA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,290 |
| 1 Bedroom | $2,380 |
| 2 Bedrooms | $2,790 |
| 3 Bedrooms | $3,640 |
| 4 Bedrooms | $4,330 |
| 5 Bedrooms | $5,023 |
| 6 Bedrooms | $5,626 |
| 7 Bedrooms | $6,076 |
| 8 Bedrooms | $6,380 |
U.S. Census Bureau data (2024)
The ZIP code 98195, located within the Seattle-Bellevue, WA HUD Metro FMR Area, serves as an ideal cash-flow anchor for a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $2780, which provides a stable baseline for rental income. Given that the market rent data and median home values are currently unavailable, the FMR acts as a reliable benchmark to ensure consistent cash flow.
A cash-flow anchor is crucial for any investment portfolio because it ensures steady income even during volatile market conditions. In the case of 98195, the FMR guarantees that landlords will receive a fixed amount of rent per unit, supported by the government's Section 8 program. This predictability is especially important in a region known for its fluctuating real estate market.
The ZIP code has a high renter share of 100.0%, indicating a strong demand for rental properties. Although the median income figure is not available, the high renter share suggests that there is a significant population relying on rental housing, which is beneficial for maintaining occupancy rates and ensuring a continuous stream of income.
In conclusion, ZIP 98195 should be considered as a cash-flow anchor within a Section 8 portfolio strategy due to its guaranteed FMR of $2780, providing stability and security for investors in the face of uncertain market conditions. The high renter share further supports this classification by ensuring a robust tenant pool.
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.