Location: Wenatchee-East Wenatchee, WA | Metro: Wenatchee-East Wenatchee, WA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,210 |
| 1 Bedroom | $1,300 |
| 2 Bedrooms | $1,700 |
| 3 Bedrooms | $2,300 |
| 4 Bedrooms | $2,840 |
| 5 Bedrooms | $3,294 |
| 6 Bedrooms | $3,689 |
| 7 Bedrooms | $3,984 |
| 8 Bedrooms | $4,183 |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 98811 are defined by the SAFMR (Small Area Fair Market Rent) which is set specifically for this ZIP code. For a two-bedroom apartment, the SAFMR for FY 2024 is $1710. This figure represents the maximum amount that the housing authority will pay towards a tenant's rent under the Section 8 program.
To understand what a landlord receives from a voucher, it's important to factor in the tenant's portion of the rent and any utility allowances. Typically, tenants contribute about 30% of their adjusted income toward rent. If we assume an average adjusted income of $1500 per month for a tenant in ZIP 98811, the tenant would contribute approximately $450 towards rent. Therefore, the housing authority would cover the remaining balance up to the SAFMR of $1710.
Utility allowances vary but can add a significant amount to the total reimbursement. In ZIP 98811, the allowance might be around $200 per month, bringing the total reimbursement closer to $1910 if utilities are included.
The SAFMR of $1710 is set for this specific ZIP code, meaning it does not apply uniformly across the broader county or metro area. This localized setting helps ensure that the rates reflect the actual rental costs within ZIP 98811.
Given that the local market rent data is not available, we cannot provide a direct comparison. However, based on the SAFMR and typical contributions, landlords should expect a reimbursement of about $1910 for a two-bedroom unit when utilities are considered. If the local market rent is higher than the SAFMR, there will be a gap between the market rent and what the voucher covers. Conversely, if the market rent is lower, landlords could see a surplus over what they typically charge.
To summarize, for a two-bedroom apartment in ZIP 98811, the landlord can anticipate receiving a reimbursement of $1910 per month, assuming the inclusion of utility allowances. The exact surplus or shortfall will depend on the local market conditions and the landlord's pricing strategy.
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.