Location: Jefferson County, WA | Metro: Jefferson County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,110 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,980 |
| 4 Bedrooms | $2,390 |
| 5 Bedrooms | $2,772 |
| 6 Bedrooms | $3,105 |
| 7 Bedrooms | $3,353 |
| 8 Bedrooms | $3,521 |
U.S. Census Bureau data (2024)
ZIP code 98339, located in Port Hadlock, Washington, is part of Jefferson County and stands out due to its unique demographic and economic characteristics. With a total population of 3,658, it has a relatively low rental rate at 19.9%, indicating that most residents own their homes. The median household income is $77,778, which is above the national average, and the median home value is $456,795, reflecting the area's affluent nature.
Moving to the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 98339 is set at $1,250 for the fiscal year 2026. This amount is slightly below the current market rent, which stands at $1,266 according to the Census Bureau's American Community Survey. This suggests that landlords might see a slight decrease in rental income if they choose to participate in the Section 8 program, but the difference is minimal.
The data signature for ZIP 98339 reads as stable. The low rental rate combined with a high median income and home value indicates a strong homeownership trend and economic stability in the area. While the Section 8 program can provide an additional revenue stream for landlords, the slight disparity between FMR and market rent means that it is not a significantly lucrative option compared to market rates. Landlords and small-portfolio investors should consider the long-term stability and quality of tenants when deciding whether to participate in the Section 8 program.
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.