FMR is near market; voucher and private rents are aligned.
1.01
2 BR
2 BR- 98272
1.00ratio
FMR$2,400
Market$2,390
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.00
3 BR
3 BR- 98272
1.17ratio
FMR$3,130
Market$2,680
vs market+$450
FMR is above market; underwrite to market rent.
1.17
4 BR
4 BR- 98272
1.24ratio
FMR$3,720
Market$2,990
vs market+$730
FMR is above market; underwrite to market rent.
1.24
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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Monroe, WA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Monroe, WA is $2,400 a month. That is up 1.7% from $2,360 in FY 2026. Monroe is in the Seattle-Bellevue, WA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Washington is $1,467, so Monroe is 64% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Monroe, WA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,960
$1,970
+0.5%
$1,773–$2,167
1BR
$2,020
$2,050
+1.5%
$1,845–$2,255
2BR
$2,360
$2,400
+1.7%
$2,160–$2,640
3BR
$3,090
$3,130
+1.3%
$2,817–$3,443
4BR
$3,630
$3,720
+2.5%
$3,348–$4,092
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Monroe, WA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,970
$2,050
$2,400
$3,130
$3,720
FY 2026
$1,960
$2,020
$2,360
$3,090
$3,630
FY 2025
$2,130
$2,180
$2,540
$3,350
$3,900
FY 2024
$2,090
$2,140
$2,500
$3,320
$3,860
FY 2023
$1,900
$1,960
$2,290
$3,080
$3,590
Questions about Monroe, WA rents
How much will Section 8 pay for a two-bedroom in Monroe, WA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,400, that basic range is $2,160 to $2,640 a month. 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 Monroe, WA in?
Monroe, WA is in the Seattle-Bellevue, WA HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Monroe, WA for FY 2027?
The two-bedroom FMR rose 1.7%, from $2,360 in FY 2026 to $2,400 in FY 2027. Since FY 2023 it has risen 4.8%.
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