Location: Lewis County, WA | Metro: Lewis County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $1,980 |
| 5 Bedrooms | $2,297 |
| 6 Bedrooms | $2,573 |
| 7 Bedrooms | $2,779 |
| 8 Bedrooms | $2,918 |
U.S. Census Bureau data (2024)
0.0% of residents in ZIP 98582 are renters, indicating a predominantly owner-occupied area. This statistic aligns with the $89,387 median income, which is relatively high and suggests that many residents can afford to purchase homes rather than rent. However, the Federal Market Rent (FMR) for Section 8 in the metro area for fiscal year 2026 is set at $1,210, providing insight into the rental subsidy landscape. Despite the lack of specific data on market rent and median home value, the low renter share implies that rental properties might face stiff competition for tenants. The absence of days on market (DOM) and price-cut share data makes it challenging to assess the current market dynamics for rental properties, but given the high median income, potential tenants may have higher expectations for property quality and amenities. For landlords and small-portfolio investors looking to capitalize on the Section 8 program in ZIP 98582, the $1,210 FMR represents a fixed income stream, albeit one that may not cover the highest-end properties in the area. The high median income also means that landlords could potentially attract non-subsidized tenants willing to pay above the FMR, thus diversifying their tenant base and income sources. In conclusion, while the rental market in ZIP 98582 is not the primary housing model, Section 8 remains a viable option for landlords willing to accept the FMR and manage properties in a high-income environment.
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.