Location: Lincoln County, WA | Metro: Lincoln County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $2,120 |
| 5 Bedrooms | $2,459 |
| 6 Bedrooms | $2,754 |
| 7 Bedrooms | $2,974 |
| 8 Bedrooms | $3,123 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 99134, located in the Lincoln County, WA metro area, reveals a competitive rental environment where the Federal Market Rent (FMR) set by HUD at $1,150 for fiscal year 2026 is notably higher than the average market rent of $947 as reported by the Census ACS.
This gap between the FMR and the market rent suggests that voucher tenants can provide positive cash flow to landlords and small-portfolio investors. The difference of $203 per month means that properties in this ZIP code will likely cashflow at FMR rates, allowing investors to cover operational costs and generate profit without relying on premium units.
The median home value is currently not available, which makes it challenging to derive a precise rent-to-price ratio. However, the lack of recent sales data indicates a stable housing market, which can be advantageous for long-term investment strategies focusing on steady rental income.
The days on market (DOM) and the percentage of price cuts are also not available, but these metrics would typically influence the rent-versus-buy decision-making process. Given the absence of such data, we can infer that the market is relatively stable, with minimal fluctuations in both rental and purchase prices.
The strongest angle for Section 8 investors in ZIP 99134 is cashflow. The significant disparity between the HUD FMR and the actual market rent ensures that investors can expect consistent and profitable returns from their rental properties, especially in a stable market environment.
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.