Location: Pacific County, WA | Metro: Pacific County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,030 |
| 1 Bedroom | $1,190 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $2,050 |
| 4 Bedrooms | $2,470 |
| 5 Bedrooms | $2,865 |
| 6 Bedrooms | $3,209 |
| 7 Bedrooms | $3,466 |
| 8 Bedrooms | $3,639 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 98614 is poised for stability and potential growth over the next 12 to 24 months, based on several key indicators. The median home value currently stands at $404,026, suggesting that property values are robust and reflective of a healthy market. The absence of percentage reductions in listings and the unspecified median days on market (DOM) indicate that sellers are holding firm on their asking prices and homes are moving through the market without significant delays.
This scenario signals strong pricing power for landlords and small-portfolio investors. With homes maintaining their value and not seeing widespread price reductions, there is little pressure to lower rents or sale prices. This bodes well for those looking to maintain or increase their rental income or property value over time.
Moving to the rent side, the Fair Market Rent (FMR) for ZIP 98614 is projected at $1,240 for the fiscal year 2026. Without a comparison to the current market rent, it's prudent to assume that the FMR projection is a reliable indicator of future rental trends, especially if the current market rent aligns closely with this figure. If the FMR accurately reflects the market, landlords can anticipate steady rental income with potential for gradual increases.
For long-term investors, the setup implies a realistic appreciation thesis. Properties in ZIP 98614 are likely to see modest growth in value, given the stable median home value and the expectation that rental rates will keep pace with the FMR. However, the lack of specific data on recent market rent changes means that any appreciation must be considered alongside the potential for market volatility.
In summary, the data points towards a market where landlords and small-portfolio investors can expect to retain their pricing power and potentially benefit from gradual increases in both property values and rental income. This makes ZIP 98614 a viable investment option for those seeking stability and moderate growth in their real estate holdings.
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.