Location: Lincoln County, WA | Metro: Adams County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,830 |
| 5 Bedrooms | $2,123 |
| 6 Bedrooms | $2,378 |
| 7 Bedrooms | $2,568 |
| 8 Bedrooms | $2,696 |
U.S. Census Bureau data (2024)
30.6% of residents in ZIP 99159 are renters, indicating a significant portion of the population relies on rental housing. This statistic aligns with the $784 market rent observed in the area, as reported by the Census ACS. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,110, which is notably higher than the current market rent, suggesting potential growth opportunities for landlords. With a median home value of $205,545, there is an evident gap between owning and renting properties, making rental investments attractive. However, the median income of $64,688 highlights the financial constraints many residents face, which could impact their ability to afford higher rents. While the data does not provide specifics on days on market (DOM) or the percentage of price-cut share, these missing figures could imply stable pricing without excessive turnover or discounts. Given the disparity between the FMR and the current market rent, along with the substantial renter share, landlords and small-portfolio investors should consider the potential for increasing rental rates to meet the $1,110 FMR. Additionally, the lower median income suggests a need to focus on affordability, possibly through Section 8 housing programs. The verdict on Section 8 eligibility in ZIP 99159 is positive, as it aligns well with the economic profile of the area.
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.