Location: Walla Walla, WA | Metro: Walla Walla, WA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,070 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $2,060 |
| 4 Bedrooms | $2,500 |
| 5 Bedrooms | $2,900 |
| 6 Bedrooms | $3,248 |
| 7 Bedrooms | $3,508 |
| 8 Bedrooms | $3,683 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 99329 in fiscal year 2024 is set at $1480. This figure represents the payment standard for Section 8 vouchers in your area, meaning that if you choose to participate in the program, the Housing Authority will pay up to this amount per month towards your rental property. It's important to note that this does not necessarily reflect the actual rent you can charge; it's the maximum subsidy amount.
Comparatively, there is no specific local rent data available for ZIP 99329 at this time. However, the 13.5% renter share indicates a moderate demand for rental properties in this area. This percentage suggests that a significant portion of the population relies on renting, which can be beneficial for landlords as it ensures a steady pool of potential tenants.
The lack of available acquisition cost data (N/A) makes it challenging to provide precise guidance on purchasing properties. Nonetheless, understanding the FMR and the renter share can help you gauge the market's willingness to pay and the competition among landlords offering Section 8 rentals.
To ensure success with your first Section 8 rental in ZIP 99329, verify that your property meets all the necessary inspection criteria. The Housing Authority has strict guidelines regarding the condition and safety of rental units, and failing these inspections can delay your participation in the program. Make sure your unit is in excellent condition to avoid any setbacks.
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.