Location: Whitman County, WA | Metro: Whitman County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,670 |
| 4 Bedrooms | $2,010 |
| 5 Bedrooms | $2,332 |
| 6 Bedrooms | $2,612 |
| 7 Bedrooms | $2,821 |
| 8 Bedrooms | $2,962 |
U.S. Census Bureau data (2024)
The ZIP code 99176 stands out due to its extremely low population count, with only 163 residents. This makes it one of the least populated areas in the region. Despite the small number of inhabitants, 19.4% of them are renters, indicating a niche rental market. The median household income in this area is $128,000, which suggests that residents have relatively high purchasing power. However, the lack of data on median home values implies that housing in this ZIP code might be less typical compared to other regions.
Moving into the specifics of Section 8 economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,080. This figure is notably higher than the actual market rent, which is recorded at $781 according to the Census ACS. Landlords participating in the Section 8 program in ZIP 99176 can expect to receive a higher rent subsidy than the local market rate would suggest, potentially making this a lucrative opportunity for those willing to enter the program.
The data signature for ZIP 99176 reads as stable, given the consistent median income level. However, the limited population size and the absence of median home value data indicate that the housing market could be considered transitional, with potential changes influenced by external factors such as economic shifts or demographic trends. For small-portfolio investors, this ZIP code presents a unique opportunity but also requires careful consideration of the market dynamics and the potential impact of these factors on long-term investment stability.
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.