Location: Okanogan County, WA | Metro: Okanogan County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,070 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,490 |
| 3 Bedrooms | $2,060 |
| 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 ZIP code 99155 stands as a market in motion, with clear indications that demand may be edging towards outpacing supply. The Fair Market Rent (FMR) set at $1,180 for the fiscal year 2026 highlights the government's benchmark for rental affordability in the area, which is notably higher than the current market rent of $423 based on Census ACS data. This significant gap suggests that either the FMR is adjusted to account for future increases, or there is currently an undersupply of rental units priced at the FMR level, leading to lower rents in the market.
The lack of specific data on price-cut share and days on market (DOM) makes it challenging to pinpoint exact trends in the housing market's liquidity. However, the absence of high price-cut shares or extended DOM periods generally indicates a market where properties sell without substantial discounts and within reasonable timeframes, suggesting a steady demand for housing.
A key indicator of long-term housing pressure is the 32.6% renter share. This figure points towards a segment of the population that prefers or is compelled to rent rather than buy. High renter shares can indicate a persistent need for affordable housing, which may put upward pressure on rental prices over time as demand remains strong. Landlords and small-portfolio investors should view this statistic as a signal of continued interest in rental properties, even if the current market rent is below the FMR.
In summary, ZIP 99155 presents a dynamic housing market characterized by a substantial difference between FMR and actual market rents, alongside a notable renter share. These factors suggest a scenario where demand could eventually catch up with or surpass supply, driving rents upwards towards the FMR. For those in the real estate sector, this ZIP code offers a blend of current opportunities and future potential, especially in rental investments.
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.