Location: Klickitat County, WA | Metro: Klickitat County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
U.S. Census Bureau data (2024)
ZIP code 99356, located within Klickitat County, WA, presents an interesting comparison when analyzing its financial metrics against typical ZIP codes in the same county. The Fair Market Rent (FMR) for ZIP 99356 stands at $1,100 for the fiscal year 2026, while the market rent is slightly higher at $1,158. This indicates that the rental prices in 99356 are in line with what is considered fair market value but lean towards the higher end of typical market rents.
The renter share in ZIP 99356 is notably high at 53.8%. In Klickitat County, where housing markets can vary widely, a high renter share often points to areas with significant demand for rental properties. However, the absence of home value data for 99356 suggests that homeownership might be less prevalent compared to other ZIP codes in the county. This lack of home value data could imply that there is a stronger emphasis on rentals in this area, which aligns with the high renter share.
Given the available data, ZIP 99356 appears to be a mid-tier neighborhood within its metro. The FMR and market rent figures suggest that it is neither at the very bottom nor the top of the local housing market. A high renter share without corresponding high home values could indicate that this ZIP code is attractive to renters due to its affordability relative to owning a home. This scenario often makes such areas appealing to Section 8 participants who are looking for affordable rental options.
Landlords and small-portfolio investors should take note of the high renter share in ZIP 99356, as it suggests a strong tenant demand. The slight premium over FMR in market rent could be indicative of a competitive rental market, but the overall pricing remains within the range of what is considered affordable for many low-income households. This balance positions 99356 as a potentially valuable area for those interested in Section 8 tenancies, offering a middle ground between value and premium sub-markets within the broader Klickitat County, WA metro.
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.