Location: Pacific County, WA | Metro: Pacific County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,780 |
| 4 Bedrooms | $2,150 |
| 5 Bedrooms | $2,494 |
| 6 Bedrooms | $2,793 |
| 7 Bedrooms | $3,016 |
| 8 Bedrooms | $3,167 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 98644 presents a unique set of conditions that both landlords and small-portfolio investors should consider carefully. With a median home value of $362,848, the area offers a mix of affordability and desirability. However, the absence of data on the percentage of listings that have been reduced and the median days on market (DOM) indicates a stable housing market without significant pressure to lower prices.
This stability in home values suggests that landlords and investors can maintain their current rental rates without fear of losing tenants due to higher costs elsewhere. The Fair Market Rent (FMR) for ZIP 98644 is projected at $1,000 for the fiscal year 2026, aligning closely with the current market conditions. This consistency between FMR and the actual market rent signals a balanced environment where neither landlords nor tenants face extreme financial pressures.
For long-term investors, the data implies a realistic appreciation thesis based on the steady growth of home values and rents. While the exact rate of appreciation cannot be determined from the available data, the setup suggests that properties will likely retain their value and see gradual increases in line with broader economic trends and inflation. Investors should focus on maintaining properties to ensure they remain competitive in the local market, thereby preserving their investment's value and potential for growth.
Moreover, the lack of significant price reductions among listings points to a strong seller's market, which can bolster the confidence of landlords in setting competitive rental prices. The key for investors will be to stay informed about any changes in the local economy or housing policies that could impact the market dynamics.
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.