Location: Ferry County, WA | Metro: Ferry County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The real estate market in ZIP 99118, characterized by a median home value of $273,700, presents a unique scenario for both landlords and small-portfolio investors. The lack of percentage of listings being reduced and the unavailability of the median days on market (DOM) suggest that there is currently no significant downward pressure on property values. This absence of reductions and stable DOM indicates a balanced market where sellers have pricing power, allowing them to maintain or potentially increase their asking prices.
On the rental side, the Federal Market Rent (FMR) for ZIP 99118 is set at $970 for the fiscal year 2026, which is notably higher than the current market rate of $863 according to Census ACS data. This gap signals an opportunity for landlords who can adjust their rents closer to the FMR level without significantly deterring tenants, especially if they offer well-maintained properties. The anticipated rise in rental rates aligns with the overall trend of increasing living costs and suggests that landlords could see a gradual improvement in their rental income over the next 12-24 months.
For long-term investors, the setup implies a realistic appreciation thesis. With stable property values and potential increases in rental income, the investment returns could improve. However, it's important to note that appreciation is not guaranteed and depends on various factors including economic conditions, local employment rates, and housing demand. Despite the uncertainties, the current data points towards a favorable environment for maintaining and potentially growing property values in ZIP 99118.
In summary, the median home value, the lack of significant price reductions, and the potential for rental rate adjustments all point to a market where landlords and investors can expect to hold strong pricing power. The opportunity for improved rental yields and the possibility of property value appreciation make ZIP 99118 an attractive location for those looking to invest in real estate for the long term.
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.