Section 8 Fair Market Rent (FMR) for ZIP 98562 - 2027

Location: Grays Harbor County, WA | Metro: Grays Harbor County, WA

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

194

Renter Percentage

74.1%

Occupancy Rate

13.9%

Renter Occupied

The zip code 98562, located in the rural areas of Washington State, offers a unique opportunity for real estate investors interested in the Section 8 housing market. This area is characterized by its low population density and a significant portion of residents who rely on rental properties.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,220. This figure represents the maximum amount that landlords can charge for their units under the Section 8 program.
Rental market data for the area is currently unavailable, which suggests that traditional market forces may have less impact on pricing compared to the subsidized housing market.
The median home value is also not available, indicating that the focus for investors should be on the rental market rather than potential appreciation in property values.
A substantial 74.1% of the local population are renters, highlighting the demand for affordable housing options and the potential success of Section 8 properties in this area.
The median income for the area is not specified, but given the high renter share, it's likely that many residents qualify for the Section 8 program, making these properties viable investments.
The Days on Market (DOM) statistic is not applicable here, as it pertains more to the sale of homes rather than the rental market dynamics.

In summary, the zip code 98562 presents a strong case for investing in Section 8 properties due to the high percentage of renters and the defined FMR. The lack of data on market rents and median home values suggests a reliance on government programs for housing stability, which could provide a consistent and predictable revenue stream for landlords and small-portfolio investors willing to participate in the Section 8 program.

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.