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WA/Benton County/Benton City

Benton City, WA

CitySAFMR
Benton County
Found 1 ZIP

City Median Investment Score

64Below average

095130300
BRFMR
Eff. Rent
0 BR$1,010$1,110
1 BR$1,150$1,270
2 BR$1,390$1,390
3 BR$1,870$1,870
4 BR$2,150$2,150
5 BR$2,473Not available
6 BR$2,843Not available
7 BR$3,270Not available
8 BR$3,760Not available

Purchase Price Calculator

Maximum purchase price
$144,637

Cost breakdown

+Likely effective rent$1,390
HUD FMRUsed$1,390
Market rentN/A
Est. payment standardN/A
-Principal and interest-$731
Loan amount$115,710
Down payment$28,927
Rate6.50%
Term30 years
-Operating costs-$459
Property taxes-$145
Insurance-$175
Utilities$0
HOA$0
Management-$139
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,467(77.7% ROI)
Projected value
$155,758
Return breakdown
Property appreciation+$11,121
Loan principal paid down+$4,146
Rental cash flow+$7,200
5-year hold
+$38,399(132.7% ROI)
Projected value
$163,643
Return breakdown
Property appreciation+$19,006
Loan principal paid down+$7,393
Rental cash flow+$12,000
10-year hold
+$82,126(283.9% ROI)
Projected value
$185,148
Return breakdown
Property appreciation+$40,511
Loan principal paid down+$17,615
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.53
1 BR
0.59
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Benton City, WA fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Benton City, WA is $1,390 a month. That is down 6.1% from $1,480 in FY 2026. Benton City is in the Kennewick-Richland, WA MSA. 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 $1,487. The median county two-bedroom FMR in Washington is $1,467, so Benton City is 5% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Benton City, WA
BedroomsFY 2027Change90–110% range
Studio$1,010−6.5%$909–$1,111
1BR$1,150−5.7%$1,035–$1,265
2BR$1,390−6.1%$1,251–$1,529
3BR$1,870−6.0%$1,683–$2,057
4BR$2,150−6.5%$1,935–$2,365

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Benton City, WA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,010$1,150$1,390$1,870$2,150
FY 2026$1,080$1,220$1,480$1,990$2,300
FY 2025$1,100$1,230$1,500$2,000$2,310
FY 2024$1,080$1,230$1,520$2,010$2,420
FY 2023$830$970$1,210$1,600$1,990

Questions about Benton City, WA rents

How much will Section 8 pay for a two-bedroom in Benton City, WA?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,487, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,338 to $1,636 a month; under the ZIP-level Small Area FMR of $1,390 it would be $1,251 to $1,529. 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 Benton City, WA in?

Benton City, WA is in the Kennewick-Richland, WA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,487.

How much did fair market rent change in Benton City, WA for FY 2027?

The two-bedroom FMR fell 6.1%, from $1,480 in FY 2026 to $1,390 in FY 2027. Since FY 2023 it has risen 14.9%.

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