FMR is below market; voucher rent may lag private rents.
0.62
1 BR
1 BR- 98253
0.71ratio
FMR$1,760
Market$2,470
vs market-$710
FMR is below market; voucher rent may lag private rents.
0.71
2 BR
2 BR- 98253
0.88ratio
FMR$2,200
Market$2,490
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR- 98253
1.13ratio
FMR$3,020
Market$2,680
vs market+$340
FMR is above market; underwrite to market rent.
1.13
4 BR
4 BR- 98253
1.15ratio
FMR$3,600
Market$3,140
vs market+$460
FMR is above market; underwrite to market rent.
1.15
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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Greenbank, WA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Greenbank, WA is $2,200 a month. That is up 43.8% from $1,530 in FY 2026. Greenbank 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 Greenbank is 50% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Greenbank, WA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,080
$1,530
+41.7%
$1,377–$1,683
1BR
$1,240
$1,760
+41.9%
$1,584–$1,936
2BR
$1,530
$2,200
+43.8%
$1,980–$2,420
3BR
$2,130
$3,020
+41.8%
$2,718–$3,322
4BR
$2,500
$3,600
+44.0%
$3,240–$3,960
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Greenbank, WA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,530
$1,760
$2,200
$3,020
$3,600
FY 2026
$1,080
$1,240
$1,530
$2,130
$2,500
FY 2025
$1,080
$1,200
$1,460
$2,050
$2,380
FY 2024area FMR
$1,156
$1,236
$1,523
$2,146
$2,536
FY 2023area FMR
$1,079
$1,086
$1,376
$1,956
$2,326
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Greenbank, WA rents
How much will Section 8 pay for a two-bedroom in Greenbank, 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 $2,200 it would be $1,980 to $2,420. 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 Greenbank, WA in?
Greenbank, 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 Greenbank, WA for FY 2027?
The two-bedroom FMR rose 43.8%, from $1,530 in FY 2026 to $2,200 in FY 2027. Since FY 2025 it has risen 50.7%.
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