Location: Columbia County, WA | Metro: Columbia County, WA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $2,070 |
| 5 Bedrooms | $2,401 |
| 6 Bedrooms | $2,689 |
| 7 Bedrooms | $2,904 |
| 8 Bedrooms | $3,049 |
U.S. Census Bureau data (2024)
13.2% of residents in ZIP code 99359 are renters, indicating a modest demand for rental properties in the area. However, the $1410 Fair Market Rent (FMR) for the fiscal year 2024 suggests that there is a defined threshold for what the government considers a reasonable rent amount for Section 8 participants. This figure is critical for landlords and small-portfolio investors looking to understand the financial parameters set by the Housing Choice Voucher program.
The median income in ZIP 99359 stands at $61,000. This economic indicator provides insight into the overall financial health of the community and can influence the types of tenants who might be interested in Section 8 housing. It's worth noting that while the median home value and typical days on market (DOM) are not available, these missing pieces of data could suggest either a lack of recent sales activity or a stable housing market where prices remain relatively constant.
Investors should also be aware of the percentage of homes that have had their prices cut, which is currently not reported for this area. This absence of information might indicate a market where home values are holding steady without significant adjustments. For those considering entering the rental market through Section 8, the FMR of $1410 offers a clear guideline on how much they can charge to remain competitive and within program limits.
In conclusion, the data paints a picture of a stable but modest rental market in ZIP 99359, with a low percentage of renters and a median income that supports a balanced approach to property management. The $1410 FMR sets a clear benchmark for rents, making it a viable option for investors seeking a reliable income stream. Given the figures, the Section 8 program represents a solid opportunity for landlords and small-portfolio investors in this area.
Verdict: ZIP 99359 is a good fit for Section 8 investments, with a clear FMR and a stable economic environment supporting modest but consistent returns.
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.