Location: Ferry County, WA | Metro: Stevens County, WA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $860 | $260,310 | 0.33% | F |
| 2BR | $1,110 | $293,670 | 0.38% | F |
| 3BR | $1,530 | $371,675 | 0.41% | F |
| 4BR | $1,850 | $436,039 | 0.42% | F |
U.S. Census Bureau data (2024)
ZIP code 99141, located within the Ferry County, WA metro, presents a unique profile when compared against typical ZIP codes in the same county. The Fair Market Rent (FMR) for ZIP 99141 is set at $1050 for fiscal year 2024, which is higher than the market rent figure of $894. This indicates that the federally determined fair rent level exceeds what the local market currently charges, suggesting potential rental income upside for landlords.
The median home value in ZIP 99141 stands at $331,466, which is notably lower than the average home value seen in many other ZIP codes within the same metro area. This could imply that ZIP 99141 offers a more affordable entry point for both homeowners and investors looking to acquire properties. However, it's important to note that a lower home value does not necessarily correlate with lower property taxes or maintenance costs, which should be considered alongside purchase price.
A key indicator for Section 8 suitability is the percentage of renters in an area, known as the renter share. In ZIP 99141, the renter share is 24.2%, which is relatively low compared to urban areas but can still provide a solid tenant base for Section 8 housing. This lower renter share suggests that the majority of residents might prefer owning their homes, yet the presence of a significant rental market makes it viable for Section 8 properties.
Given these figures, ZIP 99141 appears to be a value pocket within the Ferry County, WA metro. Its below-average home values combined with a slightly elevated FMR over market rent suggest that it offers opportunities for cost-effective property acquisition while maintaining potential for rental income growth. The relatively low renter share means that landlords should be prepared to attract and manage tenants effectively to ensure occupancy rates.
Investors and landlords should consider these factors carefully. While the area may offer a more affordable entry into the real estate market, the success of Section 8 properties will depend on understanding and meeting the needs of the local tenant population. Additionally, staying informed about changes in FMR and market conditions will be crucial for long-term investment planning.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.