FMR is below market; voucher rent may lag private rents.
0.72
1 BR
1 BR- 98303
0.81ratio
FMR$1,820
Market$2,250
vs market-$430
FMR is below market; voucher rent may lag private rents.
0.81
2 BR
2 BR- 98303
0.94ratio
FMR$2,230
Market$2,370
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR- 98303
1.24ratio
FMR$3,080
Market$2,480
vs market+$600
FMR is above market; underwrite to market rent.
1.24
4 BR
4 BR- 98303
1.19ratio
FMR$3,490
Market$2,940
vs market+$550
FMR is above market; underwrite to market rent.
1.19
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Anderson Island, WA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Anderson Island, WA is $2,230 a month. That is up 6.2% from $2,100 in FY 2026. Anderson Island is in the Tacoma, WA HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $2,064. The median county two-bedroom FMR in Washington is $1,467, so Anderson Island is 52% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Anderson Island, WA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,520
$1,610
+5.9%
$1,449–$1,771
1BR
$1,710
$1,820
+6.4%
$1,638–$2,002
2BR
$2,100
$2,230
+6.2%
$2,007–$2,453
3BR
$2,910
$3,080
+5.8%
$2,772–$3,388
4BR
$3,310
$3,490
+5.4%
$3,141–$3,839
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Anderson Island, WA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,610
$1,820
$2,230
$3,080
$3,490
FY 2026
$1,520
$1,710
$2,100
$2,910
$3,310
FY 2025
$1,290
$1,450
$1,790
$2,520
$2,920
FY 2024
$1,230
$1,380
$1,710
$2,410
$2,780
FY 2023
$1,080
$1,190
$1,530
$2,160
$2,610
Questions about Anderson Island, WA rents
How much will Section 8 pay for a two-bedroom in Anderson Island, WA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,064, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,858 to $2,270 a month; under the ZIP-level Small Area FMR of $2,230 it would be $2,007 to $2,453. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Anderson Island, WA in?
Anderson Island, WA is in the Tacoma, WA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,064.
How much did fair market rent change in Anderson Island, WA for FY 2027?
The two-bedroom FMR rose 6.2%, from $2,100 in FY 2026 to $2,230 in FY 2027. Since FY 2023 it has risen 45.8%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set