Section 8 Fair Market Rent (FMR) for ZIP 98621 - 2027

Location: Wahkiakum County, WA | Metro: Wahkiakum County, WA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,150
1 Bedroom	$1,380
2 Bedrooms	$1,650
3 Bedrooms	$2,290
4 Bedrooms	$2,770
5 Bedrooms	$3,213
6 Bedrooms	$3,599
7 Bedrooms	$3,887
8 Bedrooms	$4,081

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

195

Median Household Income

$91,250

Housing Units

Renter Percentage

11.2%

Occupancy Rate

100.0%

Renter Occupied

ZIP code 98621, located in the greater Seattle metropolitan area, is characterized by its suburban setting and proximity to urban amenities, making it an attractive location for both homeowners and renters. The area benefits from strong economic ties to the city, yet maintains a quieter, more residential atmosphere.

The Fair Market Rent (FMR) for ZIP 98621 is set at $1,230 for fiscal year 2026, indicating a stable demand for rental properties in the region.
Despite the absence of specific market rent data, the FMR provides a reliable benchmark for rental pricing, suggesting that properties renting below this amount could attract significant interest.
The median home value is not available, but considering the area's proximity to Seattle and its desirable living conditions, it is likely to be competitive with other suburban neighborhoods.
Renters make up 11.2% of the population, showing a moderate interest in rental properties. However, this figure implies there is room for growth in the rental market.
The median income in the area is $91,250, which supports the potential for higher-end rental units or homes that cater to families and professionals seeking suburban living.
Average days on the market (DOM) data is not available, but given the strong economic indicators and stable housing market, it is reasonable to assume that well-priced rental units will attract tenants quickly.

For landlords and small-portfolio investors, ZIP 98621 presents a balanced opportunity. With a solid foundation of economic stability and a moderate renter base, the area is ripe for investment in rental properties, especially those priced near or slightly below the FMR of $1,230. The high median income suggests that there is a market for quality rentals, potentially allowing for premium pricing and attracting tenants who are financially secure. While the lack of specific market rent and median home value data introduces some uncertainty, the overall positive economic outlook and the established FMR provide a clear guideline for setting competitive rental rates.

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.