Section 8 Fair Market Rent (FMR) for ZIP 98393 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 98393 corresponds to Tracyton, a small town in Kitsap County, WA. Tracyton is characterized by limited residential data due to its nature as a PO Box ZIP Code, which means it primarily serves post office boxes rather than residences. As a result, specific demographic figures such as population, percentage of renters, median income, and median home value are not available.

However, focusing on the economic viability for Section 8 investors, the Fair Market Rent (FMR) for ZIP 98393 is set at $2050 for fiscal year 2024. This figure represents the maximum amount that landlords can charge for rental units under the Section 8 program. Without precise data on the local market rent, it's challenging to provide a direct comparison; however, the FMR serves as a benchmark for rental pricing in the area.

Given the lack of detailed residential data, Tracyton might suit a hands-off voucher operator who is less concerned with the nuances of property management and more focused on receiving stable rental income through government subsidies. For those interested in value-add opportunities, the absence of comprehensive data makes it difficult to assess potential improvements or renovations that could increase property value or rental rates beyond the FMR.

In summary, Tracyton, represented by ZIP code 98393, is best suited for hands-off investors looking to capitalize on the Section 8 program's stability, with an emphasis on securing a steady $2050 per month as the rent ceiling for subsidized units.

Data Sources: FMR data from HUD (2027).

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.