Location: Adams County, WA | Metro: Adams County, WA
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 | $760 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,510 | $223,981 | 0.67% | D |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 99341 within the Adams County, WA metro area reveals several key insights. The HUD Fair Market Rent (FMR) for the metro scope in fiscal year 2026 is set at $1,010. In comparison, the market rent based on Census ACS data stands at $764. This means that voucher tenants will cashflow at the FMR level, providing a buffer of $246 per unit above the current market rent.
To further analyze the investment potential, consider the median home value in the area, which is $199,978. Using the market rent figure, the rent-to-price ratio can be calculated as approximately 0.4%, indicating a strong alignment between rental income and property values. This ratio suggests that properties in this ZIP code are undervalued relative to their rental potential, making them attractive for investors seeking long-term stability and cash flow.
Note that the median Days on Market (DOM) and the percentage of price cuts are not available, but these metrics would typically influence the rent-versus-buy decision-making process. However, given the favorable cashflow conditions, the lack of these specific data points does not significantly impact the overall positive outlook for Section 8 investments in this region.
The strongest angle for investors in ZIP code 99341 is cashflow, as the FMR provides a substantial cushion over current market rents, ensuring steady and predictable income from voucher tenants.
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.