Location: Whitman County, WA | Metro: Whitman County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $2,220 |
| 5 Bedrooms | $2,575 |
| 6 Bedrooms | $2,884 |
| 7 Bedrooms | $3,115 |
| 8 Bedrooms | $3,271 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 99158 in Whitman County, WA metro, reveals a favorable cashflow scenario. The HUD Fair Market Rent (FMR) for the area is set at $1,160 for fiscal year 2026, which is notably higher than the market rent reported by the Census ACS at $950. This indicates that voucher tenants will generally cashflow at the FMR rate, providing a significant buffer for landlords and small-portfolio investors.
To further understand the investment potential, we can examine the rent-to-price ratio using the median home value of $275,511. By dividing the median home value by the average monthly rent ($950), we get a ratio of approximately 300 months, or roughly 25 years. This suggests that the housing market in ZIP 99158 is relatively stable and undervalued compared to rental income, making it an attractive option for investors looking for long-term stability and potential appreciation.
Note that the median Days on Market (DOM) and the percentage of homes that experience price cuts are not applicable (N/A) in this context, but they would be important metrics if assessing the buy-versus-rent dynamics. However, given the focus on Section 8 investments, these figures are less critical. Instead, the primary consideration is the strong cashflow potential offered by the discrepancy between the HUD FMR and the actual market rent.
The strongest investor angle in ZIP 99158 is cashflow, due to the substantial difference between the HUD FMR and the market rent, ensuring a reliable and steady income stream for those willing to participate in the Section 8 program.
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.