Location: Okanogan County, WA | Metro: Okanogan County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 98819 in Okanogan County, WA, reveals several key points that are crucial for landlords and small-portfolio investors.
The rent math does not favorably align with the Federal Market Rent (FMR) and the current market conditions. The FMR for the area, set at $970 for fiscal year 2026, exceeds the actual market rent reported by the Census ACS, which stands at $878. This discrepancy suggests that properties priced at the FMR level might struggle to attract tenants willing to pay the higher rent.
Regarding acquisition affordability, the data presents a challenge. With a median home value marked as N/A, it's impossible to gauge the typical investment cost. Additionally, the Days on Market (DOM) and the percentage of homes requiring price cuts are also listed as N/A, indicating a lack of recent transactional data to assess how quickly homes sell and at what discount rate, if any.
Tenant demand in ZIP 98819 is relatively low. The population is just 182, and only 13.7% of these residents are renters. This limited pool of potential tenants could make it difficult to consistently fill rental units, especially given the modest size of the community.
Verdict: ZIP 98819 is not an ideal investment for Section 8 landlords or small-portfolio investors due to unfavorable rent math and insufficient data to evaluate acquisition costs and speed. The low tenant demand further complicates the investment prospects in this ZIP code.
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.