FMR is below market; voucher rent may lag private rents.
0.85
1 BR
1 BR- 98110
0.80ratio
FMR$1,860
Market$2,330
vs market-$470
FMR is below market; voucher rent may lag private rents.
0.80
2 BR
2 BR- 98110
0.79ratio
FMR$2,380
Market$3,020
vs market-$640
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR- 98110
0.96ratio
FMR$3,190
Market$3,310
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 98110
0.98ratio
FMR$3,390
Market$3,450
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.98
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
--
Bainbridge Island, WA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Bainbridge Island, WA is $2,380 a month. That is down 3.3% from $2,460 in FY 2026. Bainbridge Island is in the Seattle-Bellevue, WA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Washington is $1,467, so Bainbridge Island is 62% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Bainbridge Island, WA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,800
$1,660
−7.8%
$1,494–$1,826
1BR
$1,870
$1,860
−0.5%
$1,674–$2,046
2BR
$2,460
$2,380
−3.3%
$2,142–$2,618
3BR
$3,240
$3,190
−1.5%
$2,871–$3,509
4BR
$3,560
$3,390
−4.8%
$3,051–$3,729
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Bainbridge Island, WA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,660
$1,860
$2,380
$3,190
$3,390
FY 2026
$1,800
$1,870
$2,460
$3,240
$3,560
FY 2025
$1,990
$2,050
$2,540
$3,320
$3,810
FY 2024
$1,840
$1,960
$2,580
$3,400
$4,010
FY 2023
$1,560
$1,790
$2,340
$3,140
$3,780
Questions about Bainbridge Island, WA rents
How much will Section 8 pay for a two-bedroom in Bainbridge Island, WA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,380, that basic range is $2,142 to $2,618 a month. 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 Bainbridge Island, WA in?
Bainbridge Island, WA is in the Seattle-Bellevue, WA HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Bainbridge Island, WA for FY 2027?
The two-bedroom FMR fell 3.3%, from $2,460 in FY 2026 to $2,380 in FY 2027. Since FY 2023 it has risen 1.7%.
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