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WA/Pierce County/Lakewood

Lakewood, WA

CitySAFMR
Pierce County
Found 4 ZIPs
Zillow

City Median Investment Score

65Below average

095130300
BRFMR
Eff. Rent
0 BR$1,320 – $1,490$1,340 – $1,490
1 BR$1,490 – $1,680$1,570 – $1,850
2 BR$1,830 – $2,060$1,880 – $2,090
3 BR$2,530 – $2,840$2,310 – $2,640
4 BR$2,850 – $3,210$2,490 – $3,020
5 BR$3,398Not available
6 BR$3,908Not available
7 BR$4,494Not available
8 BR$5,168Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1
1
1
1
0.92-1.04
1 BR
1
1
1
1
0.87-0.98
2 BR
1
1
1
1
0.85-1.02
3 BR
2
0.97-1.23
4 BR
2
0.95-1.29
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Lakewood, WA fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 4 ZIP codes in Lakewood, WA ranges from $1,830 to $2,060 a month, with a median of $1,895. That is up 1.9% from $1,860 in FY 2026. Lakewood 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 Lakewood is 29% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Lakewood, WA
BedroomsFY 2027Change90–110% range
Studio$1,370+2.2%$1,233–$1,507
1BR$1,540+2.0%$1,386–$1,694
2BR$1,895+1.9%$1,706–$2,085
3BR$2,615+0.6%$2,354–$2,877
4BR$2,955−0.5%$2,660–$3,251

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Lakewood, WA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,370$1,540$1,895$2,615$2,955
FY 2026$1,340$1,510$1,860$2,600$2,970
FY 2025$1,290$1,455$1,795$2,520$2,920
FY 2024$1,270$1,425$1,765$2,490$2,875
FY 2023$1,045$1,165$1,465$2,080$2,440

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
98496$2,060+8.7%
98439$1,920+1.3%
98498$1,870−1.3%
98499$1,830−3.4%

Questions about Lakewood, WA rents

How much will Section 8 pay for a two-bedroom in Lakewood, 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 $1,895 it would be $1,706 to $2,085. 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 Lakewood, WA in?

Lakewood, 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 Lakewood, WA for FY 2027?

The two-bedroom FMR rose 1.9%, from $1,860 in FY 2026 to $1,895 in FY 2027. Since FY 2023 it has risen 29.4%.

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

County fair market rentWA statewide rentsWhat is SAFMR?Data sources