FMR is near market; voucher and private rents are aligned.
1.01
1 BR
1 BR- 98010
1.12ratio
FMR$2,210
Market$1,980
vs market+$230
FMR is above market; underwrite to market rent.
1.12
2 BR
2 BR- 98010
1.00ratio
FMR$2,590
Market$2,590
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
3 BR
3 BR- 98010
1.10ratio
FMR$3,380
Market$3,060
vs market+$320
FMR is above market; underwrite to market rent.
1.10
4 BR
4 BR- 98010
1.26ratio
FMR$4,020
Market$3,200
vs market+$820
FMR is above market; underwrite to market rent.
1.26
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
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Black Diamond, WA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Black Diamond, WA is $2,590 a month. That is down 1.9% from $2,640 in FY 2026. Black Diamond 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 Black Diamond is 77% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Black Diamond, WA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,190
$2,120
−3.2%
$1,908–$2,332
1BR
$2,270
$2,210
−2.6%
$1,989–$2,431
2BR
$2,640
$2,590
−1.9%
$2,331–$2,849
3BR
$3,450
$3,380
−2.0%
$3,042–$3,718
4BR
$4,060
$4,020
−1.0%
$3,618–$4,422
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Black Diamond, WA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,120
$2,210
$2,590
$3,380
$4,020
FY 2026
$2,190
$2,270
$2,640
$3,450
$4,060
FY 2025
$2,300
$2,350
$2,740
$3,610
$4,210
FY 2024
$2,370
$2,440
$2,840
$3,770
$4,380
FY 2023
$2,000
$2,060
$2,410
$3,240
$3,780
Questions about Black Diamond, WA rents
How much will Section 8 pay for a two-bedroom in Black Diamond, WA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,590, that basic range is $2,331 to $2,849 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 Black Diamond, WA in?
Black Diamond, 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 Black Diamond, WA for FY 2027?
The two-bedroom FMR fell 1.9%, from $2,640 in FY 2026 to $2,590 in FY 2027. Since FY 2023 it has risen 7.5%.
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