FMR is below market; voucher rent may lag private rents.
0.79
1 BR
1 BR- 98282
0.80ratio
FMR$1,670
Market$2,080
vs market-$410
FMR is below market; voucher rent may lag private rents.
0.80
2 BR
2 BR- 98282
0.82ratio
FMR$1,950
Market$2,370
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.82
3 BR
3 BR- 98282
0.95ratio
FMR$2,650
Market$2,800
vs market-$150
FMR is near market; voucher and private rents are aligned.
0.95
4 BR
4 BR- 98282
1.06ratio
FMR$3,160
Market$2,970
vs market+$190
FMR is near market; voucher and private rents are aligned.
1.06
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
--
Camano Island, WA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Camano Island, WA is $1,950 a month. That is down 9.7% from $2,160 in FY 2026. Camano Island is in the Island County, WA non-metropolitan 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 county-wide two-bedroom FMR of $1,824. The median county two-bedroom FMR in Washington is $1,467, so Camano Island is 33% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Camano Island, WA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,800
$1,620
−10.0%
$1,458–$1,782
1BR
$1,850
$1,670
−9.7%
$1,503–$1,837
2BR
$2,160
$1,950
−9.7%
$1,755–$2,145
3BR
$2,850
$2,650
−7.0%
$2,385–$2,915
4BR
$3,320
$3,160
−4.8%
$2,844–$3,476
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Camano Island, WA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,620
$1,670
$1,950
$2,650
$3,160
FY 2026
$1,800
$1,850
$2,160
$2,850
$3,320
FY 2025
$1,990
$2,050
$2,390
$3,160
$3,680
FY 2024
$2,020
$2,080
$2,420
$3,210
$3,730
FY 2023
$1,870
$1,920
$2,250
$3,020
$3,530
Questions about Camano Island, WA rents
How much will Section 8 pay for a two-bedroom in Camano Island, WA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,824, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,642 to $2,006 a month; under the ZIP-level Small Area FMR of $1,950 it would be $1,755 to $2,145. 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 Camano Island, WA in?
Camano Island, WA is in the Island County, WA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,824.
How much did fair market rent change in Camano Island, WA for FY 2027?
The two-bedroom FMR fell 9.7%, from $2,160 in FY 2026 to $1,950 in FY 2027. Since FY 2023 it has fallen 13.3%.
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