Location: Lincoln County, WA | Metro: Lincoln County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
U.S. Census Bureau data (2024)
15.0% of the residents in ZIP code 99117 are renters, indicating a moderate reliance on rental properties. In this context, the Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $1,010, which represents the upper limit for Section 8 rental subsidies. Comparatively, the average market rent, according to Census ACS data, stands at $580, suggesting a potential gap between market rates and what Section 8 can cover. This discrepancy could be significant for landlords looking to balance their investment returns with government-subsidized rents.
$63,750 is the median income for the area, providing insight into the economic conditions of the locality. While the median home value is not available, it's worth noting that the lack of data on days on market (DOM) and the percentage of price-cut shares indicates a stable housing market without significant fluctuations in property values or sales times. Landlords should consider these factors when evaluating the viability of Section 8 tenants in their properties.
The difference between the $1,010 FMR and the $580 market rent suggests that landlords might find it financially advantageous to accept Section 8 tenants, as they can potentially receive higher rents than the current market average. However, they must also be prepared to navigate the bureaucratic processes associated with Section 8 tenancy.
Section 8 verdict: Acceptable for landlords seeking stable, above-market rents with a moderate risk profile due to the economic indicators and rental subsidy levels in ZIP 99117.
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.