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Langley, WA

CitySAFMR
Island County
Found 1 ZIP

City Median Investment Score

37Below average

095130300
BRFMR
Eff. Rent
0 BR$1,350$1,490
1 BR$1,550$1,710
2 BR$1,940$2,130
3 BR$2,660$2,770
4 BR$3,180$2,930
5 BR$3,657Not available
6 BR$4,206Not available
7 BR$4,836Not available
8 BR$5,562Not available

Purchase Price Calculator

Maximum purchase price
$254,601

Cost breakdown

+Likely effective rent$2,130
HUD FMR$1,940
Market rent$2,440
Est. payment standard (110%)Used$2,130
-Principal and interest-$1,287
Loan amount$203,681
Down payment$50,920
Rate6.50%
Term30 years
-Operating costs-$643
Property taxes-$255
Insurance-$175
Utilities$0
HOA$0
Management-$213
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,074(66.9% ROI)
Projected value
$274,177
Return breakdown
Property appreciation+$19,576
Loan principal paid down+$7,297
Rental cash flow+$7,200
5-year hold
+$58,470(114.8% ROI)
Projected value
$288,057
Return breakdown
Property appreciation+$33,457
Loan principal paid down+$13,013
Rental cash flow+$12,000
10-year hold
+$126,318(248.1% ROI)
Projected value
$325,910
Return breakdown
Property appreciation+$71,310
Loan principal paid down+$31,008
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.65
1 BR
0.72
2 BR
0.80
3 BR
0.94
4 BR
1.09
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Langley, WA fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Langley, WA is $1,940 a month. That is up 10.9% from $1,750 in FY 2026. Langley 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 Langley is 32% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Langley, WA
BedroomsFY 2027Change90–110% range
Studio$1,350+9.8%$1,215–$1,485
1BR$1,550+9.2%$1,395–$1,705
2BR$1,940+10.9%$1,746–$2,134
3BR$2,660+9.5%$2,394–$2,926
4BR$3,180+11.2%$2,862–$3,498

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Langley, WA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,350$1,550$1,940$2,660$3,180
FY 2026$1,230$1,420$1,750$2,430$2,860
FY 2025$1,220$1,370$1,660$2,330$2,710
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 Langley, WA rents

How much will Section 8 pay for a two-bedroom in Langley, 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 $1,940 it would be $1,746 to $2,134. 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 Langley, WA in?

Langley, 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 Langley, WA for FY 2027?

The two-bedroom FMR rose 10.9%, from $1,750 in FY 2026 to $1,940 in FY 2027. Since FY 2025 it has risen 16.9%.

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