Location: Clallam County, WA | Metro: Clallam County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,830 |
| 5 Bedrooms | $2,123 |
| 6 Bedrooms | $2,378 |
| 7 Bedrooms | $2,568 |
| 8 Bedrooms | $2,696 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 98326 in the metro area for fiscal year 2026 is set at $1,130. This figure represents the maximum amount that a landlord can receive from the Housing Choice Voucher program, commonly known as Section 8, for a given unit. It's important to note that this is the payment standard and does not necessarily reflect the actual rent you can charge.
In ZIP 98326, the average rent according to Census American Community Survey data is $852. This means that the FMR is significantly higher than the typical market rate, offering a potential opportunity for landlords to receive a higher subsidy than the usual rent in the area.
The 40.3% share of renters in this ZIP code indicates strong demand for rental properties. With nearly half of the residents renting, there is a considerable pool of potential tenants who might benefit from the Section 8 program. The average property value in the area is around $281,342, which provides insight into the acquisition cost for new properties.
To ensure you are making an informed decision, verify that your property meets all the necessary requirements for participation in the Section 8 program. This includes ensuring the unit is up to the Housing Quality Standards (HQS), which covers basic safety and habitability standards.
Given these figures, the FMR of $1,130 stands out as a substantial incentive for landlords. If you own a property in ZIP 98326 that is valued at $281,342 and currently rents for $852, participating in the Section 8 program could mean receiving a higher subsidy than the market rate, thus potentially increasing your rental income.
However, it's crucial to understand that while the FMR is $1,130, the actual rent paid by the tenant plus the voucher subsidy will not exceed this amount. For instance, if a tenant's portion is $200, the government would cover the difference up to $1,130. This means that landlords should not expect to charge more than $1,130 for a unit, even though the market rate is lower.
The demand for rental properties is high, with over 40% of residents renting. This suggests that there is a good chance of finding tenants who qualify for the Section 8 program. The average rent being $852 means that the subsidy will likely be more than what you would typically charge, providing a financial advantage for those willing to participate.
In conclusion, the FMR of $1,130 offers a clear benchmark for rental subsidies in ZIP 98326. Before committing to a Section 8 rental, make sure your property complies with HQS and understand the implications of the FMR on your rental income. The combination of a higher subsidy compared to the local average rent and a significant share of renters makes this ZIP code attractive for first-time Section 8 landlords and small-portfolio investors.
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.