Location: Grant County, WA | Metro: Grant County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,890 |
| 4 Bedrooms | $2,320 |
| 5 Bedrooms | $2,691 |
| 6 Bedrooms | $3,014 |
| 7 Bedrooms | $3,255 |
| 8 Bedrooms | $3,418 |
U.S. Census Bureau data (2024)
The ZIP code 98824 stands out due to its exceptionally low resident count, totaling only 147 individuals. This makes it unique among other ZIP codes, where population density often plays a significant role in real estate dynamics. With 44.9% of residents renting their homes, there's a notable segment of the population that could potentially benefit from Section 8 housing vouchers. However, the median income of $44,028 suggests that many residents might be eligible for such assistance, given the typical income thresholds associated with Section 8 programs.
The Fair Market Rent (FMR) for the metro area covering fiscal year 2026 is set at $1,250. While there is no specific market rent data available for ZIP 98824, this FMR figure can serve as a benchmark for rental pricing in the area. Landlords should note that the FMR is designed to reflect the average rent paid by low-income households for decent, safe, and sanitary housing. Therefore, setting rents below this level can attract Section 8 tenants, while higher rates might limit your pool of eligible renters.
In terms of voucher economics, the lack of detailed market rent data means that the FMR becomes even more critical. If the actual market rents in ZIP 98824 are significantly lower than the FMR, landlords might find themselves with an advantage, as the voucher amount could cover a larger portion of the rent. Conversely, if market rents are close to or above the FMR, the attractiveness of Section 8 vouchers for landlords diminishes, as they might struggle to fully offset the rent costs.
The data signature for ZIP 98824 reads as transitional. The combination of a very small population and limited data on median home values indicates that the area may be experiencing changes in its economic profile or housing market. For small-portfolio investors, this ZIP code offers a niche opportunity, but requires careful consideration of the local rental market dynamics and potential fluctuations in demand for subsidized housing.
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.