Location: Pacific County, WA | Metro: Pacific County, WA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,280 | $272,377 | 0.47% | F |
| 3BR | $1,770 | $340,239 | 0.52% | F |
| 4BR | $2,140 | $364,914 | 0.59% | F |
U.S. Census Bureau data (2024)
15.2% of residents in ZIP 98577, Raymond, WA, are renters, indicating a moderate demand for rental properties. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,240, which is significantly higher than the $775 average market rent reported by the Census Bureau's American Community Survey. This suggests that landlords can potentially benefit from higher rental rates if they meet the quality standards required by the Section 8 program. With a median home value of $293,108, the real estate market in Raymond appears stable, offering a solid investment base. However, the median income of $63,780 might limit the number of potential tenants who qualify for the Section 8 program, as their eligibility is tied to income levels. Despite this, the 0.2% price-cut share indicates that very few listings are being discounted, implying strong competition among buyers and a healthy seller's market. Given these factors, landlords and small-portfolio investors in Raymond should find the opportunity to participate in the Section 8 program viable, especially if they can offer properties that appeal to the higher end of the income scale. The verdict on Section 8 in ZIP 98577 is positive, but selective based on property quality and tenant income qualifications.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.