Location: Lincoln County, WA | Metro: Grant County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $2,150 |
| 5 Bedrooms | $2,494 |
| 6 Bedrooms | $2,793 |
| 7 Bedrooms | $3,016 |
| 8 Bedrooms | $3,167 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 99103 in the Lincoln County, WA metro area reveals a significant opportunity for positive cash flow. The HUD Fair Market Rent (FMR) for the metro scope in fiscal year 2026 is set at $1,420. In contrast, the market rent based on Census ACS data stands at $957. This disparity means that voucher tenants in this ZIP code will cashflow positively at FMR levels, providing a substantial buffer for landlords.
To derive the rent-to-price ratio, we would typically compare the median home value to the median rent. However, the median home value for ZIP 99103 is currently not available (N/A), making it challenging to calculate an exact ratio. Despite this limitation, the significant gap between the HUD FMR and the actual market rent suggests that rental income could be higher relative to the cost of property ownership, should such data become available.
The median Days on Market (DOM) and the percentage of homes that require a price cut are also not available (N/A). These metrics are crucial for understanding the balance between renting and buying in the area. Without these figures, it's difficult to provide a precise assessment of how quickly properties sell and at what price adjustments, but the existing data points towards a favorable rental market.
The strongest investor angle in ZIP 99103 is undoubtedly cashflow. Given the difference between the HUD FMR and the current market rent, landlords can expect to see a consistent and positive cash flow from Section 8 voucher tenants, which is critical for maintaining profitability and ensuring long-term investment success.
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.