Location: Adams County, WA | Metro: Kennewick-Richland, WA MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,880 |
| 4 Bedrooms | $2,150 |
| 5 Bedrooms | $2,494 |
| 6 Bedrooms | $2,793 |
| 7 Bedrooms | $3,016 |
| 8 Bedrooms | $3,167 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,880 | $311,004 | 0.6% | D |
| 4BR | $2,150 | $362,922 | 0.59% | F |
U.S. Census Bureau data (2024)
The ZIP code 99326 is located in a suburban area of Alaska, characterized by a relatively small population of 6,336 residents. With 35.3% of the population being renters, it indicates a moderate rental market presence. The median household income in this area stands at $82,500, suggesting a middle-class community. The median home value is notably high at $326,927, which aligns with the higher cost of living typical in Alaska.
Turning to the economic specifics of renting in 99326, the Fair Market Rent (FMR) set for Section 8 vouchers in fiscal year 2024 is $1,400. In contrast, the average market rent, according to the Census Bureau's American Community Survey (ACS), is $999. This discrepancy between the FMR and the actual market rent presents an opportunity for landlords and investors who can leverage the higher subsidy rates to cover the costs associated with maintaining properties in a region known for its elevated expenses.
Given these conditions, ZIP 99326 would suit both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the difference between the FMR and market rent means that they can receive a higher reimbursement rate than the actual cost of rent, providing a stable income with minimal tenant turnover risk. On the other hand, for those inclined towards value-add strategies, the high median home value suggests potential for property appreciation and the ability to command slightly higher rents if improvements are made, given the existing gap between FMR and market rates.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.