Location: Grays Harbor County, WA | Metro: Grays Harbor County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,870 |
| 4 Bedrooms | $2,130 |
| 5 Bedrooms | $2,471 |
| 6 Bedrooms | $2,768 |
| 7 Bedrooms | $2,989 |
| 8 Bedrooms | $3,138 |
U.S. Census Bureau data (2024)
The ZIP code 98536 presents an interesting mix of yield potential and market stability for real estate investors. On the yield axis, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,220. This figure indicates that rental properties in this ZIP code can expect to generate a significant amount of income, assuming they are priced competitively within the market.
However, the lack of specific market rent data and home values suggests a less developed or smaller-scale market, which can be both a challenge and an opportunity. Without direct competition from market rents and with potentially lower home values, landlords and small-portfolio investors might find it easier to enter the market and achieve higher yields compared to areas with established market rates.
Moving to the stability axis, 30.6% of residents are renters, which is a moderate percentage indicating a balanced mix of homeowners and renters. The absence of data regarding days on market (DOM) and median income makes it difficult to assess the overall financial health and turnover rate of the rental market. However, with a known FMR and a decent proportion of renters, there is a reasonable expectation of stable cash flow, assuming tenants have sufficient income to meet rent obligations.
The missing data points on market rent, home values, and median income prevent a complete classification of the market. Nevertheless, based on the available information, 98536 leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The key driver of this assessment is the moderate renter population and the defined FMR, which supports consistent rental income generation. To make a fully informed decision, investors should seek additional local market data to fill these gaps and ensure a comprehensive understanding of the investment landscape.
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.