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WA/Grant County/Moses Lake

Moses Lake, WA

CitySAFMR
Grant County
Found 1 ZIP

City Median Investment Score

66Below average

095130300
BRFMR
Eff. Rent
0 BR$1,040$920
1 BR$1,050$1,160
2 BR$1,370$1,330
3 BR$1,860$1,860
4 BR$2,290$2,360
5 BR$2,634Not available
6 BR$3,029Not available
7 BR$3,483Not available
8 BR$4,005Not available

Purchase Price Calculator

Maximum purchase price
$135,721

Cost breakdown

+Likely effective rent$1,330
HUD FMR$1,370
Market rentUsed$1,330
Est. payment standard (98%)$1,340
-Principal and interest-$686
Loan amount$108,577
Down payment$27,144
Rate6.50%
Term30 years
-Operating costs-$444
Property taxes-$136
Insurance-$175
Utilities$0
HOA$0
Management-$133
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,526(79.3% ROI)
Projected value
$146,157
Return breakdown
Property appreciation+$10,436
Loan principal paid down+$3,890
Rental cash flow+$7,200
5-year hold
+$36,772(135.5% ROI)
Projected value
$153,556
Return breakdown
Property appreciation+$17,835
Loan principal paid down+$6,937
Rental cash flow+$12,000
10-year hold
+$78,543(289.4% ROI)
Projected value
$173,734
Return breakdown
Property appreciation+$38,013
Loan principal paid down+$16,530
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.13
1 BR
0.83
2 BR
1.03
3 BR
1.00
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Moses Lake, WA fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Moses Lake, WA is $1,370 a month. That is up 8.7% from $1,260 in FY 2026. Moses Lake is in the Grant 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 $1,361. The median county two-bedroom FMR in Washington is $1,467, so Moses Lake is 7% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Moses Lake, WA
BedroomsFY 2027Change90–110% range
Studio$1,040+9.5%$936–$1,144
1BR$1,050+9.4%$945–$1,155
2BR$1,370+8.7%$1,233–$1,507
3BR$1,860+6.3%$1,674–$2,046
4BR$2,290+8.5%$2,061–$2,519

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Moses Lake, WA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,040$1,050$1,370$1,860$2,290
FY 2026$950$960$1,260$1,750$2,110
FY 2025$940$940$1,210$1,700$2,030
FY 2024area FMR$876$881$1,108$1,561$1,880
FY 2023area FMR$714$783$973$1,383$1,626

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Questions about Moses Lake, WA rents

How much will Section 8 pay for a two-bedroom in Moses Lake, WA?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,361, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,225 to $1,497 a month; under the ZIP-level Small Area FMR of $1,370 it would be $1,233 to $1,507. 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 Moses Lake, WA in?

Moses Lake, WA is in the Grant County, WA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,361.

How much did fair market rent change in Moses Lake, WA for FY 2027?

The two-bedroom FMR rose 8.7%, from $1,260 in FY 2026 to $1,370 in FY 2027. Since FY 2025 it has risen 13.2%.

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