FMR is near market; voucher and private rents are aligned.
1.04
1 BR
1 BR- 98391
1.07ratio
FMR$2,120
Market$1,980
vs market+$140
FMR is near market; voucher and private rents are aligned.
1.07
2 BR
2 BR- 98391
1.13ratio
FMR$2,600
Market$2,310
vs market+$290
FMR is above market; underwrite to market rent.
1.13
3 BR
3 BR- 98391
1.31ratio
FMR$3,590
Market$2,740
vs market+$850
FMR is above market; underwrite to market rent.
1.31
4 BR
4 BR- 98391
1.34ratio
FMR$4,050
Market$3,020
vs market+$1,030
FMR is above market; underwrite to market rent.
1.34
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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Bonney Lake, WA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Bonney Lake, WA is $2,600 a month. That is up 5.3% from $2,470 in FY 2026. Bonney Lake 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 Bonney Lake is 77% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Bonney Lake, WA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,790
$1,880
+5.0%
$1,692–$2,068
1BR
$2,010
$2,120
+5.5%
$1,908–$2,332
2BR
$2,470
$2,600
+5.3%
$2,340–$2,860
3BR
$3,420
$3,590
+5.0%
$3,231–$3,949
4BR
$3,890
$4,050
+4.1%
$3,645–$4,455
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Bonney Lake, WA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,880
$2,120
$2,600
$3,590
$4,050
FY 2026
$1,790
$2,010
$2,470
$3,420
$3,890
FY 2025
$1,850
$2,090
$2,570
$3,600
$4,110
FY 2024
$1,770
$1,980
$2,460
$3,470
$4,010
FY 2023
$1,440
$1,610
$2,020
$2,870
$3,370
Questions about Bonney Lake, WA rents
How much will Section 8 pay for a two-bedroom in Bonney Lake, 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 $2,600 it would be $2,340 to $2,860. 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 Bonney Lake, WA in?
Bonney Lake, 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 Bonney Lake, WA for FY 2027?
The two-bedroom FMR rose 5.3%, from $2,470 in FY 2026 to $2,600 in FY 2027. Since FY 2023 it has risen 28.7%.
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