Location: Klickitat County, WA | Metro: Klickitat County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
U.S. Census Bureau data (2024)
The analysis of ZIP 98670, located in Klickitat County, WA, reveals several critical points for landlords and small-portfolio investors considering investment in this area.
The first question concerns whether the rent math works. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,100. However, due to the lack of specific market rent data, it's impossible to make a direct comparison. This absence suggests that market conditions might not be fully understood, which could pose a risk if actual market rents are significantly lower than the FMR.
Regarding the affordability of acquisition, the data is incomplete, providing no median home value, days on market (DOM), or percentage of homes requiring price cuts. Without these metrics, assessing the cost-effectiveness of purchasing properties for rental purposes is challenging. Landlords need reliable indicators to ensure they can acquire properties at a price that allows them to charge rent that covers their costs and yields a profit.
Tenant demand is another crucial factor. ZIP 98670 has a total population of 68, with 6.1% of residents being renters. Given the low population size, the number of potential tenants is limited, which could affect the ability to fill vacancies and maintain steady rental income.
Verdict: Investment in ZIP 98670 presents significant challenges. The lack of detailed market data makes it difficult to confirm that the rent math will work, and without clear indicators of acquisition affordability, the risk of overpaying for properties is high. Furthermore, the limited population and low renter share suggest a weak tenant demand. These factors collectively indicate that ZIP 98670 is not an attractive option for landlords and small-portfolio investors seeking a stable and profitable rental market.
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.