Location: Klickitat County, WA | Metro: Yakima, WA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,770 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
U.S. Census Bureau data (2024)
The analysis of ZIP 99322 in Klickitat County, WA reveals several key points for landlords and small-portfolio investors considering this area.
The rent math does not work favorably here. The Fair Market Rent (FMR) for ZIP 99322 in fiscal year 2024 is set at $1310. However, the current market rent, according to Census ACS data, is only $658. This discrepancy means that properties priced at the FMR would likely struggle to attract tenants based on current rental rates.
Regarding property acquisition, the metrics are insufficient due to the lack of available data. The median home value, days on market (DOM), and the percentage of homes that required price cuts are all marked as N/A. Without these figures, it's challenging to assess whether buying properties in this ZIP code is financially feasible for investors.
Tenant demand in ZIP 99322 is also limited. With a total population of 412, only 11.2% are renters. This indicates a relatively small pool of potential tenants, which could make it difficult to fill units consistently.
In summary, ZIP 99322 presents a challenging investment landscape for Section 8 landlords and small-portfolio investors. The significant gap between the FMR and the actual market rent suggests that pricing properties at the FMR level will be uncompetitive. Limited data on home values and market conditions make it hard to gauge acquisition costs accurately. Lastly, the low renter share of the population implies a smaller tenant base, which could affect occupancy rates. These factors collectively suggest that this ZIP code may not be an ideal investment target for those relying on Section 8 subsidies or looking for a high-demand rental market.
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.