Location: Grays Harbor County, WA | Metro: Grays Harbor County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $2,030 |
| 4 Bedrooms | $2,320 |
| 5 Bedrooms | $2,691 |
| 6 Bedrooms | $3,014 |
| 7 Bedrooms | $3,255 |
| 8 Bedrooms | $3,418 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 98575 is set at $1,350 for metro fiscal year 2026. This figure represents the payment standard for Section 8 vouchers, meaning that tenants with these vouchers will receive up to $1,350 per month to cover their rent. However, it's important to note that this does not directly translate into your potential rental income; rather, it's the maximum amount the Housing Authority will pay on behalf of the tenant.
In ZIP 98575, the median rent for properties is currently N/A, which makes direct comparison challenging. Nonetheless, the 8.3% share of renters in the area indicates a significant portion of the population relies on rental housing, suggesting a steady demand for rental properties.
While the exact acquisition cost for properties in ZIP 98575 is listed as N/A, it's crucial to understand that the value of the property should align with its ability to generate sustainable income. Landlords and small-portfolio investors must ensure that the overall cost of owning and maintaining the property, including mortgage payments, property taxes, insurance, and repairs, does not exceed the total income generated by the tenant and the Housing Authority.
Before deciding to accept a Section 8 tenant in ZIP 98575, verify that your property meets the Housing Quality Standards (HQS). These standards are set by the Housing Authority to ensure that rental units are safe, decent, and sanitary. Compliance with HQS is mandatory for participation in the Section 8 program and failure to meet these standards can result in penalties or removal from the program.
In summary, the FMR of $1,350 is a critical benchmark for understanding the financial framework of Section 8 rentals in ZIP 98575. With an 8.3% renter share, there is demand for rental properties, but you must ensure that your investment is financially sound and that your property complies with HQS requirements.
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.