Location: Wenatchee-East Wenatchee, WA | Metro: Wenatchee-East Wenatchee, WA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $1,990 |
| 4 Bedrooms | $2,460 |
| 5 Bedrooms | $2,854 |
| 6 Bedrooms | $3,196 |
| 7 Bedrooms | $3,452 |
| 8 Bedrooms | $3,625 |
The analysis of ZIP code 98807 within the Wenatchee-East Wenatchee, WA MSA reveals several critical points for landlords and small-portfolio investors. First, regarding the rent math, the Fair Market Rent (FMR) for the zip code in fiscal year 2024 is set at $1450. However, the absence of current market rent data makes it challenging to assess whether this figure aligns with what tenants are willing to pay. Without a comparison to actual market rates, landlords must proceed cautiously and monitor local trends closely.
Second, on the affordability of property acquisition, the lack of specific data on median home values, days on market (DOM), and the percentage of homes requiring price cuts hinders a precise evaluation. Investors should conduct thorough due diligence to understand the local real estate market dynamics before making any purchase decisions.
Third, concerning tenant demand, the missing population and percentage of renters in the area make it difficult to gauge the potential occupancy rates. A strong tenant base is crucial for rental properties to be successful, and without these metrics, it's hard to predict the stability of rental income.
In conclusion, while the FMR provides a benchmark for rental pricing in ZIP 98807, the absence of key data points such as current market rents, median home values, days on market, price-cut shares, population, and renter percentages leaves significant gaps in the analysis. Landlords and investors must rely on additional research and local insights to fully evaluate the viability of this market. The verdict is that the area holds promise but requires further investigation to confirm the feasibility of investment.
Data Sources: FMR data from HUD (2027).
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.