Location: Pacific County, WA | Metro: Grays Harbor County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
ZIP code 98547, located in Pacific County, WA, presents a unique opportunity for inclusion within a Section 8 portfolio strategy. This area is best categorized as a cash-flow anchor. The rationale for this classification lies in the significant spread between the Fair Market Rent (FMR) and the median home value in the region.
The FMR for the metro area including ZIP 98547 for fiscal year 2026 is set at $1,050. This figure represents the maximum rental assistance payment that landlords can receive through the Section 8 program for a one-bedroom unit. Given the median home value in the area is $275,898, the rental income generated from properties within this ZIP code can provide a stable and predictable cash flow for investors. The discrepancy between the high median home value and the relatively lower FMR indicates that landlords can secure long-term tenants without the risk of frequent turnover, thereby ensuring consistent revenue.
While specific data on price-cut shares and days on market (DOM) are not available, the high median home value suggests that the real estate market in ZIP 98547 is robust. Investors should focus on leveraging the guaranteed rental payments from the Section 8 program to offset any potential risks associated with property appreciation. The lack of precise appreciation metrics means that while there might be opportunities for capital gains, these cannot be relied upon as a primary investment thesis.
The 15.0% renter share and median income of $42,400 indicate that a portion of the population in ZIP 98547 relies on rental housing. However, these factors alone do not make the area a prime diversification target. Instead, they support the notion that ZIP 98547 can serve as a reliable component of a broader investment strategy, particularly for those looking to balance their portfolios with assets that generate steady cash flows.
In conclusion, ZIP 98547 is most suitable as a cash-flow anchor within a Section 8 portfolio strategy. Its high median home value coupled with the fixed rental assistance payments ensures a stable income stream for landlords and small-portfolio investors alike.
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.