FMR is near market; voucher and private rents are aligned.
1.07
1 BR
1 BR- 99016
1.16ratio
FMR$1,710
Market$1,470
vs market+$240
FMR is above market; underwrite to market rent.
1.16
2 BR
2 BR- 99016
1.10ratio
FMR$2,180
Market$1,980
vs market+$200
FMR is above market; underwrite to market rent.
1.10
3 BR
3 BR- 99016
1.21ratio
FMR$2,990
Market$2,470
vs market+$520
FMR is above market; underwrite to market rent.
1.21
4 BR
4 BR- 99016
1.28ratio
FMR$3,640
Market$2,840
vs market+$800
FMR is above market; underwrite to market rent.
1.28
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
--
Greenacres, WA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Greenacres, WA is $2,180 a month. That is up 3.3% from $2,110 in FY 2026. Greenacres is in the Spokane, 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 $1,494. The median county two-bedroom FMR in Washington is $1,467, so Greenacres is 49% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Greenacres, WA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,520
$1,630
+7.2%
$1,467–$1,793
1BR
$1,640
$1,710
+4.3%
$1,539–$1,881
2BR
$2,110
$2,180
+3.3%
$1,962–$2,398
3BR
$2,880
$2,990
+3.8%
$2,691–$3,289
4BR
$3,450
$3,640
+5.5%
$3,276–$4,004
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Greenacres, WA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,630
$1,710
$2,180
$2,990
$3,640
FY 2026
$1,520
$1,640
$2,110
$2,880
$3,450
FY 2025
$1,270
$1,430
$1,840
$2,540
$2,980
FY 2024
$1,090
$1,240
$1,600
$2,250
$2,610
FY 2023
$980
$1,120
$1,450
$2,060
$2,410
Questions about Greenacres, WA rents
How much will Section 8 pay for a two-bedroom in Greenacres, WA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,494, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,345 to $1,643 a month; under the ZIP-level Small Area FMR of $2,180 it would be $1,962 to $2,398. 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 Greenacres, WA in?
Greenacres, WA is in the Spokane, WA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,494.
How much did fair market rent change in Greenacres, WA for FY 2027?
The two-bedroom FMR rose 3.3%, from $2,110 in FY 2026 to $2,180 in FY 2027. Since FY 2023 it has risen 50.3%.
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