Location: Ferry County, WA | Metro: Ferry County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
U.S. Census Bureau data (2024)
The ZIP code 99146 presents several challenges for landlords considering Section 8 investments. Firstly, tenant turnover is likely to be high due to the disparity between the market rent, which is currently unavailable, and the Fair Market Rent (FMR) of $970 for fiscal year 2026, as determined by the metropolitan area standards. This discrepancy can lead to tenants seeking higher market rents, resulting in frequent turnovers.
Vacancy exposure is another concern. With an unknown number of days on the market (DOM), landlords face uncertainty regarding how quickly they can fill vacancies. The lack of data on typical home values and median incomes in the area also poses a significant risk. Deferred maintenance issues may arise if the properties are not well-maintained, leading to potential safety hazards and costly repairs that could affect profitability.
Despite these risks, there is a silver lining. The 0.0% renter share in the ZIP code suggests a high concentration of renters, which typically correlates with higher demand for housing vouchers. This increased demand can provide a steady stream of tenants who are committed to paying their portion of the rent and can help mitigate some of the risks associated with vacancy and maintenance.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.