Location: Kennewick-Richland, 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 | $1,060 |
| 1 Bedroom | $1,190 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,980 |
| 4 Bedrooms | $2,260 |
| 5 Bedrooms | $2,622 |
| 6 Bedrooms | $2,937 |
| 7 Bedrooms | $3,172 |
| 8 Bedrooms | $3,331 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,980 | $764,417 | 0.26% | F |
U.S. Census Bureau data (2024)
The ZIP code 99330 presents a unique scenario when analyzed through the lens of yield and stability for Section 8 real estate investments. The key figures to consider here are the Fair Market Rent (FMR) of $1360 for fiscal year 2024, the median home value of $745,364, and the average household income of $140,093.
On the yield axis, the FMR of $1360 indicates that rental income from Section 8 vouchers will be relatively modest compared to the high median home value. This suggests a lower yield potential for properties in this ZIP code. However, the actual market rent is not available, which means there's an opportunity to leverage higher market rents if the property is not exclusively reliant on Section 8 tenants.
Moving to the stability axis, the percentage of renters at 6.7% is quite low, suggesting a predominantly owner-occupied area. This can impact the demand for rental units, including those funded by Section 8 vouchers. The lack of data on days on market (DOM) makes it difficult to assess how quickly rental properties might be filled. However, the substantial average household income of $140,093 implies a strong economic foundation within the community, which generally supports stable rental markets.
Based on these figures, ZIP 99330 leans towards being a steady-cashflow zone rather than a high-yield/low-stability market. The modest FMR relative to the high home values does not support aggressive flipping strategies aimed at maximizing short-term gains. Instead, the focus should be on securing long-term, stable cash flows, possibly by diversifying tenant sources beyond just Section 8 vouchers to include market-rate renters where feasible.
To summarize, the analysis of ZIP 99330 reveals a setting that is more suited to investors seeking reliable, consistent returns rather than high-risk, high-reward opportunities. The investment strategy should prioritize stability over yield, given the economic indicators present in the area.
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.