Section 8 Fair Market Rent (FMR) for ZIP 98647 - 2027
Location: Wahkiakum County, WA | Metro: Wahkiakum County, WA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $950 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,880 |
| 4 Bedrooms | $2,270 |
| 5 Bedrooms | $2,633 |
| 6 Bedrooms | $2,949 |
| 7 Bedrooms | $3,185 |
| 8 Bedrooms | $3,344 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if a landlord should buy in ZIP code 98647 for Section 8 purposes, follow these steps:
- If the Fair Market Rent (FMR) of $1,140 for the metro area in fiscal year 2026 does not cover the debt service on a property:
- No. Investing in this ZIP code would be financially unwise since the rental income would not sufficiently cover your mortgage payments and other expenses.
- If the FMR of $1,140 does cover the debt service:
- Compare the market rent to the FMR:
- If the market rent is above $1,140:
- It depends. While there's potential for higher rents, you must consider whether the difference between the market rate and FMR justifies the investment. Additionally, evaluate the demand for Section 8 properties in this area.
- If the market rent is equal to or slightly below $1,140:
- Yes. This scenario aligns well with Section 8 guidelines and ensures that your rental income will meet the FMR threshold.
- If the market rent is significantly below $1,140:
- No. The lower market rent suggests that tenants might struggle to pay the required portion of the FMR, leading to financial difficulties.
- Evaluate the demand for rental properties:
- If the 7.9% of renters and N/A-day days on market indicate strong demand:
- Yes. There is sufficient demand to ensure that your property will be occupied, which is crucial for steady rental income.
- If the demand is weak or moderate:
- No. Weak demand could result in prolonged vacancy periods, affecting your ability to cover expenses and maintain profitability.
Note: The data provided indicates that the percentage of renters is 7.9%, but the specific number of days on market (DOM) and the exact market rent values are missing. Ensure these metrics are evaluated for a complete analysis.
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.