Location: Pend Oreille County, WA | Metro: Spokane, WA HUD Metro FMR Area
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 | $1,000 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,880 |
| 4 Bedrooms | $2,260 |
| 5 Bedrooms | $2,622 |
| 6 Bedrooms | $2,937 |
| 7 Bedrooms | $3,172 |
| 8 Bedrooms | $3,331 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,080 | $449,321 | 0.24% | F |
| 2BR | $1,380 | $402,403 | 0.34% | F |
| 3BR | $1,880 | $472,163 | 0.4% | F |
| 4BR | $2,260 | $563,995 | 0.4% | F |
| 5BR | $2,622 | $631,720 | 0.42% | F |
U.S. Census Bureau data (2024)
The median income in ZIP code 99006, Deer Park, WA, stands at $72,200. Considering the market rate for rent, which is $2,048 per month (ZORI), it becomes evident that affording such rent would be challenging for the average household. To put this into perspective, a household earning the median income would spend approximately 34% of their monthly earnings on rent alone, assuming a 12-month year. This leaves limited room for other essential expenses, making it clear that many residents might find it difficult to pay the market rate.
In comparison, the Section 8 voucher payment standard for Fair Market Rent (FMR) in ZIP 99006 for fiscal year 2024 is set at $1,090. This figure represents a significantly lower rental cost, allowing households to allocate a more reasonable portion of their income towards housing. At $1,090, a household would spend roughly 17% of their monthly income on rent, which is a much more manageable amount.
Given that only 16.8% of the 16,177 population are renters, the competition among landlords is likely to be fierce. The affordability gap between the market rate and the FMR suggests that many potential tenants may prefer or require the financial support offered by Section 8 vouchers. This preference could lead to a higher demand for properties that accept vouchers, as they offer a more affordable living option.
Takeaway for landlords: In ZIP 99006, focusing on accepting Section 8 vouchers can be a strategic advantage. While the monthly rental income will be lower at $1,090 compared to the market rate of $2,048, the stability and security of having tenants who can consistently pay their rent due to the government subsidy might outweigh the benefits of renting at the market rate. Landlords should weigh the pros and cons of each strategy carefully, considering the local rental market dynamics and the financial needs of their properties.
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.