Location: Grant County, WA | Metro: Grant County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,340 |
| 3 Bedrooms | $1,820 |
| 4 Bedrooms | $2,240 |
| 5 Bedrooms | $2,598 |
| 6 Bedrooms | $2,910 |
| 7 Bedrooms | $3,143 |
| 8 Bedrooms | $3,300 |
U.S. Census Bureau data (2024)
The ZIP code 99321 presents a robust opportunity for landlords and small-portfolio investors interested in Section 8 tenants. With a population of 1,047, nearly 58% of residents are renters, indicating a strong demand for rental properties. The median household income stands at $75,795, which provides a baseline for understanding the financial capabilities of potential tenants.
In this ZIP code, the typical market rent is $1,102. This represents approximately 14.5% of the median household income, suggesting that rent is a significant but manageable portion of the income for many residents. Comparatively, the Fair Market Rent (FMR) for the metro area is set at $1,160 for fiscal year 2026, slightly above the current market rent. This indicates that the rental market in 99321 is already pricing close to the government's benchmark for affordability.
A landlord in ZIP 99321 can expect a tenant pool that is heavily reliant on housing vouchers due to the high percentage of renters and the relatively high cost of living compared to income levels. Given the strong rental demand, it is likely that there will be a steady stream of applicants who qualify for and utilize Section 8 vouchers. These tenants will generally have a fixed portion of their income allocated towards rent, ensuring consistent and reliable payments.
To summarize, ZIP 99321 is a renter-heavy area with a substantial demand for Section 8 vouchers. Landlords should prepare for a tenant base that requires assistance through housing programs, while also being aware that the rental rates are already close to the FMR threshold, potentially limiting further increases without adjustments to the voucher amounts.
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.