Location: Stevens County, WA | Metro: Stevens County, WA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
U.S. Census Bureau data (2024)
The HUD Fair Market Rent (FMR) for ZIP code 99137 in Stevens County, WA, for fiscal year 2024 is set at $910. This figure represents the maximum amount that a Section 8 voucher holder can pay towards rent. However, due to the lack of current market rent data, it's challenging to provide an exact comparison between the HUD FMR and the actual rental rates in the area.
Given the absence of specific market rent data, we can infer that voucher tenants would likely cashflow at the FMR rate, assuming that the local rental market does not significantly exceed the HUD's FMR. The cashflow scenario is favorable for landlords and small-portfolio investors, as they can expect to receive the full voucher amount without any financial strain on the tenant.
The median home value for ZIP 99137 is currently unavailable, which makes deriving an accurate rent-to-price ratio impossible. Nevertheless, the absence of this data doesn't necessarily indicate poor investment potential; it often means that the housing market is less volatile and more stable, which can be beneficial for long-term investments.
With the missing data on days on market (DOM) and the percentage of homes that require price cuts, we cannot fully assess the rent-versus-buy dynamics. However, these factors typically influence the decision-making process for potential buyers and renters alike. If the DOM and price-cut percentages were available, they would help determine how quickly properties sell and the level of competition between renting and buying.
The strongest angle for investors in ZIP 99137 is cashflow. Given the favorable FMR rate and the assumption that market rents do not surpass this figure, landlords can expect steady and reliable income from Section 8 voucher holders. This predictability is crucial for small-portfolio investors looking to generate consistent returns without the risk of market fluctuations.
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.