Location: Stevens County, WA | Metro: Stevens County, WA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 99167 presents a nuanced scenario for both landlords and small-portfolio investors, particularly when considering the interplay between home values and rental dynamics. The median home value stands at $370,880, a figure that serves as a benchmark for assessing the overall market health and potential for future growth.
Data indicating that the percentage of listings reduced is currently not available suggests that there may be a stable pricing environment. However, without specific percentages, it's challenging to gauge the exact level of price competition among sellers. Similarly, the median days on market (DOM) being unavailable leaves a gap in understanding how quickly properties are selling, which is crucial for evaluating seller demand and market momentum.
On the rental side, the Federal Market Rent (FMR) for ZIP 99167 in fiscal year 2024 is set at $990, while the actual market rent, according to the Census ACS, is $1,113. This discrepancy signals a slight premium in the local rental market compared to government estimates. Landlords can leverage this information to maintain or slightly increase rents, ensuring they remain competitive and profitable.
For long-term investors, the setup in ZIP 99167 points toward a balanced appreciation thesis. Given the median home value and the current rental dynamics, there is a reasonable expectation that property values will continue to rise, albeit at a moderate pace. The ability to command rents above the FMR indicates a strong underlying demand for housing, which typically supports property appreciation over time.
However, the absence of key metrics such as the percentage of reduced listings and median DOM introduces an element of uncertainty. Investors must closely monitor these factors moving forward, as changes could signal shifts in the market's direction. A stable median home value combined with higher-than-estimated market rents suggests that ZIP 99167 remains a viable investment opportunity, especially for those looking to capitalize on steady growth rather than speculative bubbles.
To summarize, the current median home value of $370,880, alongside the observed premium in market rents over FMRs, points to a favorable environment for maintaining pricing power and achieving gradual appreciation. The exact rate and timing of this appreciation depend on the broader economic context and local market conditions, which should be monitored through ongoing data analysis.
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.