Location: Wenatchee-East Wenatchee, WA | Metro: Wenatchee-East Wenatchee, WA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,270 |
| 5 Bedrooms | $2,633 |
| 6 Bedrooms | $2,949 |
| 7 Bedrooms | $3,185 |
| 8 Bedrooms | $3,344 |
U.S. Census Bureau data (2024)
The ZIP code 98836 stands out due to its unique demographic and economic characteristics. With only 429 residents, it has a remarkably low rental rate at 0.0%, indicating that almost none of the residents are renters. The absence of median income and median home value data suggests that this area might be sparsely populated or have very few housing units available for statistical analysis.
Moving to the voucher economics, the Fair Market Rent (FMR) for ZIP 98836 in fiscal year 2024 is set at $1310. This figure is crucial for landlords and small-portfolio investors as it represents the maximum amount that the government will pay for a Section 8 voucher holder to rent a unit in this area. However, the lack of market rent data makes it difficult to compare the FMR against local market conditions. Landlords should consider the FMR as a guideline for setting their own rents to ensure they align with government standards and avoid potential disputes with tenants using vouchers.
The data signature for ZIP 98836 reads as stable, but with limited information on typical market rents and other economic indicators, it's challenging to predict future trends. Given the low number of residents and zero percentage of renters, any changes in population or housing demand could significantly impact the local rental market. Therefore, while the current situation appears stable, it also holds the potential to become transitional if there are shifts in the community's structure or needs.
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.