Section 8 Fair Market Rent (FMR) for ZIP 98604 - 2027

Investment Score for ZIP 98604

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Battle Ground, WA, represented by ZIP code 98604, is a suburban community located in Clark County. Known for its proximity to larger metropolitan areas like Vancouver and Portland, it offers a mix of residential and commercial properties, making it an attractive location for both residents and investors.

• The Fair Market Rent (FMR) for ZIP 98604 in fiscal year 2024 is set at $1,970, providing a benchmark for rental pricing in the area.
• The market rent, as indicated by Zillow's ZORI index, stands at $2,124, reflecting the actual average rent charged for single-family homes in the region.
• The median home value in Battle Ground is $605,344, suggesting that the area has a relatively high property value compared to other suburban communities.
• Renters make up 17.6% of the housing market in ZIP 98604, indicating a moderate demand for rental properties.
• The days on market (DOM) for listings in Battle Ground is 23 days, which is a reasonable time frame that reflects a balanced market condition.
• The median household income in the area is $112,448, offering insight into the economic stability and potential rental affordability of the local population.

The data points indicate that Battle Ground, WA, presents a stable investment opportunity for landlords and small-portfolio investors. The slightly higher market rent compared to the FMR suggests that there is room for competitive pricing in the rental market. The moderate renter share and reasonable DOM indicate a healthy balance between supply and demand. Additionally, the relatively high median home value and median income suggest that the area attracts a financially secure demographic, which can be beneficial for maintaining occupancy rates and ensuring timely rent payments.

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.