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 98377 stands out within its county due to several key factors. With a population of 2,527 residents, it has a rental rate of 20.5%, indicating a modest but significant portion of tenants. The median income here is $56,167, which is relatively stable and suggests a middle-class community. Additionally, the median home value of $342,139 reflects a moderate housing market that aligns well with the local economic conditions.
Moving into the specifics of Section 8 economics, the Fair Market Rent (FMR) for ZIP 98377 in fiscal year 2026 is set at $1,280. This figure is notably higher than the current market rent, which stands at $1,147 according to the Census ACS data. This discrepancy means that landlords participating in the Section 8 program can expect slightly above-market rents, providing an incentive to engage with the program despite the administrative overhead.
The data signature for ZIP 98377 reads as stable rather than transitional. The relatively low percentage of renters, combined with a moderate median home value and a steady median income, indicates a community that is unlikely to experience rapid changes in housing demand or economic status. This stability can be beneficial for both landlords and small-portfolio investors, as it reduces the risk associated with volatile markets and provides a predictable environment for property management.
In summary, ZIP 98377 offers a balanced opportunity for those interested in the Section 8 program. The slightly elevated FMR compared to the actual market rent ensures a fair return for landlords, while the overall stability of the area minimizes risks and supports long-term investment strategies.
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.