Section 8 Fair Market Rent (FMR) for ZIP 98561 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$890
1 Bedroom	$1,030
2 Bedrooms	$1,280
3 Bedrooms	$1,770
4 Bedrooms	$2,140
5 Bedrooms	$2,482
6 Bedrooms	$2,780
7 Bedrooms	$3,002
8 Bedrooms	$3,152

Based on the available data, ZIP 98561 in Menlo, WA, appears to be a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,130, which indicates a moderate yield potential. While specific market rent and home value data for ZIP 98561 were not available, nearby areas like Aberdeen and Ocean Shores have rental prices ranging from $1,575 to $4,010 per month for 2-bedroom apartments, suggesting that the local rental market could offer competitive yields.

The stability of the market is supported by the higher rental prices observed in neighboring ZIP codes, which imply a relatively stable demand for rental properties. Without specific data on the percentage of renters, days on market (DOM), and median income for ZIP 98561, we cannot provide a definitive assessment of these factors. However, the presence of furnished and pet-friendly options at various price points indicates a diverse rental market that can cater to different tenant needs, potentially leading to more consistent occupancy rates.

In conclusion, ZIP 98561 leans towards being a steady-cashflow zone due to its moderate FMR and the competitive rental prices seen in nearby areas. To make a more precise determination, additional data on local rental prices and home values would be beneficial.

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.