Location: Adams County, WA | Metro: Adams County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,740 |
| 4 Bedrooms | $2,100 |
| 5 Bedrooms | $2,436 |
| 6 Bedrooms | $2,728 |
| 7 Bedrooms | $2,946 |
| 8 Bedrooms | $3,093 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 99105 reveals several key points that are critical for landlords and small-portfolio investors.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,140. However, due to the lack of available market rent data for ZIP 99105, it's impossible to directly compare the two figures. This absence of market data suggests either limited activity or an underdeveloped rental market in this specific area.
Regarding the affordability of acquisitions, the data presents a challenge. With no information on the median home value, days on market (DOM), or the percentage of homes requiring price cuts, investors cannot accurately gauge the cost and ease of acquiring properties in ZIP 99105. This scarcity of data implies that the real estate market might be less active or transparent compared to other areas, which could deter investors seeking clear financial benchmarks.
The third question concerns tenant demand. ZIP 99105 has a population of 41, and the renter share is 0.0%. These figures indicate a minuscule potential rental market, suggesting that finding tenants willing to pay the set FMR would be exceptionally difficult. The low population and virtually non-existent renter share imply that the area is predominantly owner-occupied or has very few rental units.
Verdict: Investing in ZIP 99105 is not advisable due to the extremely limited tenant base and the absence of crucial market data necessary for making informed decisions. The lack of renters and the small population size make it challenging to find viable tenants willing to pay the FMR of $1,140. Additionally, without median home values, DOM figures, and price-cut percentages, the acquisition process remains unclear and potentially risky. Real estate opportunities in this ZIP code are sparse, and the risk of vacancy or financial loss is high.
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.