FMR is below market; voucher rent may lag private rents.
0.73
1 BR
1 BR- 98338
0.85ratio
FMR$1,830
Market$2,160
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.85
2 BR
2 BR- 98338
0.93ratio
FMR$2,250
Market$2,410
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.93
3 BR
3 BR- 98338
1.19ratio
FMR$3,110
Market$2,610
vs market+$500
FMR is above market; underwrite to market rent.
1.19
4 BR
4 BR- 98338
1.19ratio
FMR$3,510
Market$2,950
vs market+$560
FMR is above market; underwrite to market rent.
1.19
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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Graham, WA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Graham, WA is $2,250 a month. That is up 5.1% from $2,140 in FY 2026. Graham 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 Graham is 53% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Graham, WA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,550
$1,630
+5.2%
$1,467–$1,793
1BR
$1,740
$1,830
+5.2%
$1,647–$2,013
2BR
$2,140
$2,250
+5.1%
$2,025–$2,475
3BR
$2,970
$3,110
+4.7%
$2,799–$3,421
4BR
$3,370
$3,510
+4.2%
$3,159–$3,861
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Graham, WA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,630
$1,830
$2,250
$3,110
$3,510
FY 2026
$1,550
$1,740
$2,140
$2,970
$3,370
FY 2025
$1,570
$1,780
$2,190
$3,070
$3,500
FY 2024
$1,520
$1,700
$2,110
$2,970
$3,440
FY 2023
$1,290
$1,440
$1,810
$2,570
$3,020
Questions about Graham, WA rents
How much will Section 8 pay for a two-bedroom in Graham, 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 $2,250 it would be $2,025 to $2,475. 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 Graham, WA in?
Graham, 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 Graham, WA for FY 2027?
The two-bedroom FMR rose 5.1%, from $2,140 in FY 2026 to $2,250 in FY 2027. Since FY 2023 it has risen 24.3%.
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