Location: Lewis County, WA | Metro: Lewis County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,000 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,880 |
| 4 Bedrooms | $2,180 |
| 5 Bedrooms | $2,529 |
| 6 Bedrooms | $2,832 |
| 7 Bedrooms | $3,059 |
| 8 Bedrooms | $3,212 |
U.S. Census Bureau data (2024)
The ZIP code 98355 stands out due to its unique demographic and economic characteristics. With a population of only 702 residents, it is a small community where 22.1% of the inhabitants rent their homes. The median income in this area is notably high at $102,438, indicating a relatively affluent neighborhood. However, the lack of data on median home values suggests that there might be limited housing stock or a unique housing structure in the area.
Moving onto the voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,280. This figure is crucial for landlords and small-portfolio investors who wish to participate in the Section 8 program. Despite the high median income, the absence of market rent data implies that rental prices could vary significantly, making it challenging to gauge the actual demand for subsidized housing. Landlords should be cautious when setting rents above the FMR, as it may deter potential tenants eligible for vouchers.
The data signature for ZIP 98355 reads as "stable." The high median income and low percentage of renters suggest a community that is unlikely to experience rapid changes in housing demand or significant shifts in the local economy. For investors, this stability can translate into predictable cash flows and reduced risk compared to transitional areas where housing markets are more volatile. However, the limited data on home values and market rents indicate a need for further investigation into the local real estate trends before making any investment decisions.
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.