Location: Bremerton-Silverdale-Port Orchard, WA | Metro: Bremerton-Silverdale-Port Orchard, WA MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,800 |
| 1 Bedroom | $2,010 |
| 2 Bedrooms | $2,580 |
| 3 Bedrooms | $3,460 |
| 4 Bedrooms | $3,680 |
| 5 Bedrooms | $4,269 |
| 6 Bedrooms | $4,781 |
| 7 Bedrooms | $5,163 |
| 8 Bedrooms | $5,421 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,010 | $567,291 | 0.35% | F |
| 2BR | $2,580 | $708,557 | 0.36% | F |
| 3BR | $3,460 | $747,068 | 0.46% | F |
U.S. Census Bureau data (2024)
ZIP 98340, located in Hansville, WA, within the Bremerton-Silverdale-Port Orchard, WA MSA metro area, serves well as a cash-flow anchor in a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the fiscal year 2024 is set at $2110, while the market rent stands at $2379. This indicates a spread of $269 between the FMR and the market rent, providing a solid margin for landlords participating in the Section 8 program.
The median home value in Hansville is $714,833. Given this high median home value, the area likely attracts residents who are willing to pay a premium for housing, making it a reliable source for consistent rental income. The relatively low spread between the FMR and market rent suggests that while landlords won't see exorbitant profits, they can expect steady, dependable cash flow from their properties.
Hansville does not present itself as an appreciation play, as there is no significant percentage increase in property values indicated by the data provided. Furthermore, the lack of information on price-cut shares and days on market (DOM) suggests that the market in this ZIP code is stable but not experiencing rapid growth or decline.
As for being a diversifier, Hansville has a renter share of 14.9%, which is relatively low compared to many urban areas. The median income of $79,876 is substantial, indicating that tenants are likely to be financially stable and capable of meeting their rental obligations. However, given the low renter share, it's less suitable for diversifying a portfolio based on tenant demographics alone.
In summary, Hansville, WA, represented by ZIP 98340, is best suited as a cash-flow anchor in a Section 8 portfolio strategy due to its reliable spread between FMR and market rent, and its stable, financially secure tenant base.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.