Location: Okanogan County, WA | Metro: Okanogan County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,040 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $2,000 |
| 4 Bedrooms | $2,340 |
| 5 Bedrooms | $2,714 |
| 6 Bedrooms | $3,040 |
| 7 Bedrooms | $3,283 |
| 8 Bedrooms | $3,447 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 98834 is poised for stability and gradual growth over the next 12 to 24 months, based on key metrics such as the median home value of $348,619. This figure signals a robust housing market where homeowners have significant equity and can leverage it for various financial benefits, including refinancing or home improvement loans.
The absence of percentage reductions in listings and the unspecified median days on market (DOM) suggest that sellers are maintaining their asking prices, indicating strong pricing power. This is further supported by the fact that there is no immediate pressure from a high volume of reduced listings, which would typically signal a weakening market. The implication is that landlords and small-portfolio investors can expect to maintain their rental rates without significant adjustments due to market pressures.
Moving to the rental side, the Fair Market Rent (FMR) for ZIP 98834 is set at $1,490 for the fiscal year 2026. This figure is crucial for understanding the potential income from properties under Section 8 housing programs. With the FMR established and no specific market rent provided, it suggests that the rental income for Section 8 properties will remain steady, aligning closely with the federal guidelines.
For long-term investors, the setup implies a realistic appreciation thesis. Given the stable median home values and the absence of significant DOM increases, it's reasonable to anticipate that property values in ZIP 98834 will continue to appreciate gradually, albeit without explosive growth. The lack of substantial DOM changes indicates that the market is neither overheated nor cooling off rapidly, providing a balanced environment for investment.
In summary, the median home value, the absence of listing reductions, and the steady FMR indicate a market where landlords and small-portfolio investors can hold onto their assets with confidence. The data supports a scenario where pricing power remains intact, and gradual appreciation is likely, making it a sound choice for those looking to invest in a stable real estate market.
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.