Housing market/Washington/ZIP 98346

ACS 2023 · FY2027 SAFMR

ZIP 98346 Kingston, Washington

Bremerton-Silverdale-Port Orchard, WA MSA · Washington. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
9,337
Households
3,907
Median HH income
$110,946
Renter share
16.7%
Median gross rent
$1,550
Vacancy
8.3%
Pop. change
-7.6%
2BR SAFMR
$1,830
SAFMR / rent
1.181×
2–49 unit stock
369
LIHTC proj / units
4 / 123
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 98346 · WA — sent to you.

ZIP 98346 · WA

ACS median rent$1,550
2BR SAFMR$1,830
90% floor$1,647
110% ceiling$2,013

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 98346

  • 1-unit detached3,40780.3%
  • 1-unit attached992.3%
  • 2–4 units1794.2%
  • 5–49 units1904.5%
  • 50+ units10.0%
  • Mobile3698.7%
TypeUnitsShare
1-unit detached3,40780.0%
1-unit attached992.3%
2 units (duplex)330.8%
3–4 units1463.4%
5–9 units431.0%
10–19 units561.3%
20–49 units912.1%
50+ units10.0%
Mobile3698.7%

2–4 unit share 4.2% · 5–49 unit share 4.5% · combined 2–49 8.7%.

Units by bedrooms

Studio
51
1BR
302
2BR
980
3BR
2,329
4BR
483
5+
114

Rent burden

Rent ≥30% of income31.0%
Rent ≥50% of income17.9%
  • ACS median gross rent $1,550 (all bedrooms, occupied rentals).
  • Median contract rent $1,313.
  • Renters paying ≥30% of income 31.0%; ≥50% 17.9%.
  • FY2027 2BR SAFMR $1,830 (1.181× ACS median gross rent).

Population

9,337 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -7.6%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 4 projects, 123 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,128 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 98346 16.7% of occupied households are renters; vacancy is 8.3%; ACS median gross rent is $1,550; population changed -7.6% between the 2018 and 2023 ACS vintages; the housing stock includes 179 units in 2–4-unit structures and 190 units in 5–49-unit structures; 4 LIHTC projects totaling 123 units; FY2027 2BR SAFMR is $1,830 versus ACS median gross rent of $1,550. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Washington research

ZIP 98346 is a Census / HUD profile for Bremerton-Silverdale-Port Orchard, WA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Washington research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 98346?

ZIP 98346 (Bremerton-Silverdale-Port Orchard, WA MSA) has 9,337 residents, 3,907 households, a renter share of 16.7%, median household income of $110,946, and ACS 2023 median gross rent of $1,550. Vacancy is 8.3%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 98346?

ACS counts 33 units in 2-unit buildings, 146 in 3–4 unit buildings, 43 in 5–9, 56 in 10–19, and 91 in 20–49. Combined 2–49 unit stock is 369 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 98346?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,830. See the full schedule and 90–110% payment-standard band on the ZIP 98346 — Kingston, WA HUD Section 8 Payment Standards / SAFMR.

Does this Washington ZIP profile include Georgia listings?

No. ZIP 98346 is Census / HUD research for Bremerton-Silverdale-Port Orchard, WA MSA. Jeff Crowe CRE does not list Washington property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.