Location: Kittitas County, WA | Metro: Yakima, 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 | $940 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,820 |
| 4 Bedrooms | $2,200 |
| 5 Bedrooms | $2,552 |
| 6 Bedrooms | $2,858 |
| 7 Bedrooms | $3,087 |
| 8 Bedrooms | $3,241 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,000 | $185,983 | 0.54% | F |
| 2BR | $1,310 | $235,610 | 0.56% | F |
| 3BR | $1,820 | $380,463 | 0.48% | F |
| 4BR | $2,200 | $462,403 | 0.48% | F |
| 5BR | $2,552 | $473,223 | 0.54% | F |
U.S. Census Bureau data (2024)
The city of Yakima, located in central Washington, is known for its agricultural heritage and vibrant community life. ZIP code 98901, which falls within the heart of Yakima, offers a mix of residential neighborhoods that cater to both homeowners and renters. This analysis delves into key metrics that inform investment decisions in this area, particularly for those interested in Section 8 properties.
Investors looking to enter the ZIP 98901 market should note the significant disparity between the FMR and the actual market rent, suggesting opportunities for higher rental yields if operating within Section 8 guidelines. The high renter share indicates a robust demand for rental properties, while the median income figure suggests that there is a stable tenant base capable of meeting their rental obligations. Given these points, the area presents a solid opportunity for those willing to navigate the complexities of Section 8 compliance, with potential for steady returns and property appreciation.
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.