Location: Whitman County, WA | Metro: Whitman County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,110 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,590 |
| 3 Bedrooms | $2,200 |
| 4 Bedrooms | $2,660 |
| 5 Bedrooms | $3,086 |
| 6 Bedrooms | $3,456 |
| 7 Bedrooms | $3,732 |
| 8 Bedrooms | $3,919 |
U.S. Census Bureau data (2024)
The ZIP code 99128, located in Whitman County, WA, is well-suited for a Section 8 portfolio strategy as a cash-flow anchor. This designation is based on the fact that the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,090, which is slightly above the market rent of $1,089. Additionally, the median home value in this ZIP code is $296,348.
A cash-flow anchor is a property investment that provides consistent and reliable rental income. Given that the FMR is only $1 higher than the market rent, landlords can expect steady occupancy rates without significant fluctuations. This stability ensures predictable cash flow, making it an ideal choice for those looking to balance their investment portfolios with low-risk assets.
The high equity homes in this area, comprising 83.23% of the total properties, further support the cash-flow anchor classification. This means that most homeowners have substantial equity in their properties, reducing the likelihood of distress sales or foreclosures. Consequently, the rental market remains stable, as there is little pressure from distressed homeowners to lower rents or sell properties at a loss.
In summary, ZIP 99128 serves as a cash-flow anchor due to its proximity of FMR to market rent and the high percentage of homes with significant equity. Landlords and small-portfolio investors can rely on this ZIP code to provide consistent rental income and stability within their investment strategies.
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.