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WA/Kittitas County/Ellensburg

Ellensburg, WA

CitySAFMR
Kittitas County
Found 1 ZIP

City Median Investment Score

59Below average

095130300
BRFMR
Eff. Rent
0 BR$1,150$1,250
1 BR$1,260$1,390
2 BR$1,650$1,680
3 BR$2,280$2,230
4 BR$2,760$2,580
5 BR$3,174Not available
6 BR$3,650Not available
7 BR$4,198Not available
8 BR$4,827Not available

Purchase Price Calculator

Maximum purchase price
$187,731

Cost breakdown

+Likely effective rent$1,680
HUD FMR$1,650
Market rent$1,700
Est. payment standard (102%)Used$1,680
-Principal and interest-$949
Loan amount$150,185
Down payment$37,546
Rate6.50%
Term30 years
-Operating costs-$531
Property taxes-$188
Insurance-$175
Utilities$0
HOA$0
Management-$168
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,015(72.0% ROI)
Projected value
$202,166
Return breakdown
Property appreciation+$14,435
Loan principal paid down+$5,381
Rental cash flow+$7,200
5-year hold
+$46,265(123.2% ROI)
Projected value
$212,400
Return breakdown
Property appreciation+$24,669
Loan principal paid down+$9,595
Rental cash flow+$12,000
10-year hold
+$99,444(264.9% ROI)
Projected value
$240,311
Return breakdown
Property appreciation+$52,581
Loan principal paid down+$22,864
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.88
1 BR
0.80
2 BR
0.97
3 BR
1.02
4 BR
1.07
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Ellensburg, WA fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Ellensburg, WA is $1,650 a month. That is up 13.8% from $1,450 in FY 2026. Ellensburg is in the Kittitas 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 $1,655. The median county two-bedroom FMR in Washington is $1,467, so Ellensburg is 12% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Ellensburg, WA
BedroomsFY 2027Change90–110% range
Studio$1,150+15.0%$1,035–$1,265
1BR$1,260+13.5%$1,134–$1,386
2BR$1,650+13.8%$1,485–$1,815
3BR$2,280+12.9%$2,052–$2,508
4BR$2,760+13.6%$2,484–$3,036

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Ellensburg, WA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,150$1,260$1,650$2,280$2,760
FY 2026$1,000$1,110$1,450$2,020$2,430
FY 2025$910$1,010$1,320$1,850$2,220
FY 2024area FMR$934$1,049$1,378$1,942$2,338
FY 2023area FMR$856$972$1,280$1,819$2,180

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Questions about Ellensburg, WA rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,655, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,490 to $1,821 a month; under the ZIP-level Small Area FMR of $1,650 it would be $1,485 to $1,815. 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 Ellensburg, WA in?

Ellensburg, WA is in the Kittitas County, WA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,655.

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

The two-bedroom FMR rose 13.8%, from $1,450 in FY 2026 to $1,650 in FY 2027. Since FY 2025 it has risen 25.0%.

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