Location: Spokane, WA | Metro: Spokane, WA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,110 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,490 |
| 3 Bedrooms | $2,040 |
| 4 Bedrooms | $2,490 |
| 5 Bedrooms | $2,888 |
| 6 Bedrooms | $3,235 |
| 7 Bedrooms | $3,494 |
| 8 Bedrooms | $3,669 |
The ZIP code 99210 is located in Spokane, WA, and represents a neighborhood with a mix of residential properties. Specific demographic details such as the population and the percentage of renters are not available at this time. However, we do have data on median income and median home values, though these figures are also currently unavailable.
Moving onto the economic landscape, the HUD Fair Market Rent (FMR) for a two-bedroom apartment in ZIP code 99210 for fiscal year 2024 is set at $1,300. This figure reflects the average rent for standard-quality units within the area, with the FMR being the 40th percentile of rents paid by recent movers. The FMR includes all utilities, providing a comprehensive baseline for rental pricing.
Given the lack of precise market rent data, the FMR serves as a reliable indicator for the rental market in 99210. Landlords operating hands-off voucher properties will find the FMR useful for setting their rent prices. On the other hand, for those interested in a more hands-on approach, such as value-add investments, the FMR can be used as a starting point to assess potential rental increases based on improvements made to the property.
In conclusion, ZIP code 99210 fits both hands-off voucher operators and hands-on value-add buyers. The HUD FMR of $1,300 for a two-bedroom unit offers a solid benchmark for rental pricing, ensuring compliance with government standards while allowing flexibility for those looking to enhance their properties' value.
Data Sources: FMR data from HUD (2027).
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.