Location: Lewis County, WA | Metro: Lewis County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,140 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,640 |
| 3 Bedrooms | $2,140 |
| 4 Bedrooms | $2,490 |
| 5 Bedrooms | $2,888 |
| 6 Bedrooms | $3,235 |
| 7 Bedrooms | $3,494 |
| 8 Bedrooms | $3,669 |
U.S. Census Bureau data (2024)
The market in ZIP code 98565 is dynamic and indicative of a robust rental sector. With a Fair Market Rent (FMR) set at $1,270 for fiscal year 2026, landlords can expect government-subsidized tenants to pay this amount under Section 8 guidelines. However, the current market rent stands higher at $1,650, as reported by the Census Bureau's American Community Survey (ACS).
The disparity between the FMR and market rent suggests that the local rental market is experiencing strong demand. This is further supported by the fact that the percentage of price-cut share and days on market (DOM) are not applicable (N/A), which could imply that listings are moving quickly without significant negotiation, indicating a tight rental market.
A notable statistic is the 14.8% renter share in the area. This figure is relatively low compared to national averages, but it speaks volumes about the long-term housing pressures. A lower renter share often correlates with a higher homeownership rate, which can mean fewer units available for rental. As the population grows and changes, even a slight increase in the renter share can put considerable upward pressure on rents due to limited supply.
In summary, ZIP 98565 appears to be a market where demand is currently outpacing supply, as evidenced by the high market rents and the quick turnover of rental listings. The low renter share suggests a potential for future growth in the rental market, driven by demographic shifts and economic factors. Landlords and small-portfolio investors should remain vigilant to these dynamics to capitalize on opportunities and manage their properties effectively.
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.