FMR is near market; voucher and private rents are aligned.
1.00
2 BR
2 BR- 98043
1.00ratio
FMR$2,420
Market$2,430
vs market-$10
FMR is near market; voucher and private rents are aligned.
1.00
3 BR
3 BR- 98043
1.06ratio
FMR$3,160
Market$2,980
vs market+$180
FMR is near market; voucher and private rents are aligned.
1.06
4 BR
4 BR- 98043
1.04ratio
FMR$3,750
Market$3,620
vs market+$130
FMR is near market; voucher and private rents are aligned.
1.04
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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Mountlake Terrace, WA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Mountlake Terrace, WA is $2,420 a month. That is up 0.8% from $2,400 in FY 2026. Mountlake Terrace 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 Mountlake Terrace is 65% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Mountlake Terrace, WA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,990
$1,990
0.0%
$1,791–$2,189
1BR
$2,060
$2,070
+0.5%
$1,863–$2,277
2BR
$2,400
$2,420
+0.8%
$2,178–$2,662
3BR
$3,140
$3,160
+0.6%
$2,844–$3,476
4BR
$3,690
$3,750
+1.6%
$3,375–$4,125
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Mountlake Terrace, WA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,990
$2,070
$2,420
$3,160
$3,750
FY 2026
$1,990
$2,060
$2,400
$3,140
$3,690
FY 2025
$2,130
$2,180
$2,540
$3,350
$3,900
FY 2024
$2,080
$2,140
$2,490
$3,300
$3,840
FY 2023
$1,900
$1,960
$2,290
$3,080
$3,590
Questions about Mountlake Terrace, WA rents
How much will Section 8 pay for a two-bedroom in Mountlake Terrace, WA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,420, that basic range is $2,178 to $2,662 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 Mountlake Terrace, WA in?
Mountlake Terrace, 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 Mountlake Terrace, WA for FY 2027?
The two-bedroom FMR rose 0.8%, from $2,400 in FY 2026 to $2,420 in FY 2027. Since FY 2023 it has risen 5.7%.
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