Location: Clallam County, WA | Metro: Clallam County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,710 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 98305 in Clallam County, WA, reveals several key points that are crucial for landlords and small-portfolio investors.
First, regarding the rent math, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,150. However, without specific market rent data, it's challenging to determine if the rent math works effectively. The FMR serves as a benchmark but the actual viability depends on local market conditions.
Second, the acquisition affordability is unclear due to the lack of specific data on median home values, days on market (DOM), and the percentage of homes that have had their prices cut. These metrics are essential for assessing whether the cost of acquiring properties in ZIP 98305 aligns with the potential rental income and resale value.
Third, there is a notable tenant demand in ZIP 98305. With a population of 419, 41.6% of residents are renters. This indicates a significant portion of the community is looking for rental housing, suggesting strong demand for rental properties.
Verdict: While the Fair Market Rent provides a baseline for rental pricing at $1,150, the absence of precise market rent figures complicates a thorough assessment of rent math viability. Acquisition affordability remains uncertain without detailed information on property values, time on the market, and price adjustments. Despite these gaps, the high renter share of 41.6% among the 419 residents signals robust tenant demand, making ZIP 98305 potentially attractive for those who can navigate the current data limitations.
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.