Location: Wenatchee-East Wenatchee, WA | Metro: Wenatchee-East Wenatchee, WA MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,270 |
| 5 Bedrooms | $2,633 |
| 6 Bedrooms | $2,949 |
| 7 Bedrooms | $3,185 |
| 8 Bedrooms | $3,344 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,860 | $454,218 | 0.41% | F |
U.S. Census Bureau data (2024)
The ZIP code 98850 stands out within its county due to a unique blend of demographic and economic characteristics. With a total population of 2,032 residents, it has a relatively low rental rate of 18.0%, indicating that most residents own their homes. The median income in this area is $83,125, which is significantly higher than the national average. This suggests a community that is financially well-off and capable of supporting property values. Indeed, the median home value in ZIP 98850 is quite robust at $442,777, reflecting the strong local economy.
Turning to the specifics of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 98850 in fiscal year 2024 is set at $1,590. In contrast, the current market rent based on Census American Community Survey data is $1,031. This means that landlords accepting Section 8 vouchers can expect to receive a higher rent payment than the typical market rate, making this ZIP code particularly attractive for those interested in participating in the program. The difference between the FMR and the actual market rent indicates a potential profit margin for landlords, who can leverage the higher voucher payments to cover costs and maintain profitability.
Based on the available data, ZIP 98850 presents a stable environment for real estate investments. Its high median income and home values suggest a steady economic foundation, while the disparity between FMR and market rent provides an opportunity for landlords to benefit financially from Section 8 participation. Small-portfolio investors should consider this ZIP code as a promising location for both rental and ownership investments, especially if they are willing to work with Section 8 tenants.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.