Location: Wenatchee-East Wenatchee, WA | Metro: Wenatchee-East Wenatchee, WA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,330 |
| 1 Bedroom | $1,420 |
| 2 Bedrooms | $1,860 |
| 3 Bedrooms | $2,520 |
| 4 Bedrooms | $3,110 |
| 5 Bedrooms | $3,608 |
| 6 Bedrooms | $4,041 |
| 7 Bedrooms | $4,364 |
| 8 Bedrooms | $4,582 |
U.S. Census Bureau data (2024)
ZIP code 98831, located in Manson, WA, falls within the Wenatchee-East Wenatchee, WA MSA metro area. Its Family Monthly Rent (FMR) for Section 8 eligibility is set at $1860 for fiscal year 2024. Comparatively, the average market rent across typical ZIP codes in the Wenatchee-East Wenatchee, WA MSA is around $1,181. This indicates that Manson's rental costs are higher than the metro average, suggesting it is not a value pocket but rather a premium sub-market.
The median home value in ZIP 98831 stands at $743,619, which is significantly above the metro-wide median home value. This further supports the classification of 98831 as a premium sub-market, where property values exceed the regional average. However, the renter share in 98831 is 26.9%, which is notably higher than the typical renter share in the Wenatchee-East Wenatchee, WA MSA. This higher renter share can be indicative of a greater demand for rental properties, possibly driven by Section 8 housing vouchers.
The combination of a high renter share and below-metro FMR levels does not apply here, as the FMR is above the average market rent. Nevertheless, the presence of a higher-than-average renter share in a premium sub-market suggests that there is a segment of the population utilizing Section 8 vouchers to afford living in a more expensive area. For landlords and small-portfolio investors, Manson presents an opportunity to serve a niche market of renters who might otherwise struggle to find affordable housing in a premium location.
To summarize, ZIP 98831 in Manson, WA, is best characterized as a premium sub-market within the Wenatchee-East Wenatchee, WA MSA, due to its elevated home values and rental costs. The higher-than-average renter share points to a strong demand for rental properties, making it a favorable area for those interested in Section 8 rentals.
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.