Location: Spokane, WA | Metro: Spokane, WA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,030 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,910 |
| 4 Bedrooms | $2,320 |
| 5 Bedrooms | $2,691 |
| 6 Bedrooms | $3,014 |
| 7 Bedrooms | $3,255 |
| 8 Bedrooms | $3,418 |
U.S. Census Bureau data (2024)
The ZIP code 99020 stands out due to its extremely low population count, with only 16 residents recorded. This makes it unique in terms of real estate analysis, as there is no rental activity reported—0.0% of the residents are renting, indicating that the area is primarily owner-occupied. The lack of data on median income and median home value further highlights the scarcity of economic activity within this ZIP code.
Moving to the voucher economics, the Fair Market Rent (FMR) for ZIP 99020 is set at $1300 for fiscal year 2024. Given the absence of any reported market rent data, this figure serves as the sole reference point for understanding the rental value in the area. Landlords should be aware that the voucher amount will cover the entirety of the rental cost, making it a stable income source for those who choose to participate in the program.
The data signature for ZIP 99020 reads as "stable." With such a small population and no rental market activity, there is little likelihood of significant changes in the near future. The consistent FMR rate also suggests a predictable environment for landlords and small-portfolio investors. However, the lack of broader economic indicators means that investment decisions should be made with caution, considering the limited scope of available data.
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.