FMR is below market; voucher rent may lag private rents.
0.82
1 BR
1 BR- 98368
0.76ratio
FMR$1,390
Market$1,830
vs market-$440
FMR is below market; voucher rent may lag private rents.
0.76
2 BR
2 BR- 98368
0.80ratio
FMR$1,640
Market$2,050
vs market-$410
FMR is below market; voucher rent may lag private rents.
0.80
3 BR
3 BR- 98368
1.07ratio
FMR$2,270
Market$2,120
vs market+$150
FMR is near market; voucher and private rents are aligned.
1.07
4 BR
4 BR- 98368
1.27ratio
FMR$2,740
Market$2,160
vs market+$580
FMR is above market; underwrite to market rent.
1.27
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
--
Port Townsend, WA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Port Townsend, WA is $1,640 a month. That is up 17.1% from $1,400 in FY 2026. Port Townsend is in the Jefferson 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 $1,588. The median county two-bedroom FMR in Washington is $1,467, so Port Townsend is 12% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Port Townsend, WA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,150
$1,270
+10.4%
$1,143–$1,397
1BR
$1,190
$1,390
+16.8%
$1,251–$1,529
2BR
$1,400
$1,640
+17.1%
$1,476–$1,804
3BR
$1,950
$2,270
+16.4%
$2,043–$2,497
4BR
$2,350
$2,740
+16.6%
$2,466–$3,014
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Port Townsend, WA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,270
$1,390
$1,640
$2,270
$2,740
FY 2026
$1,150
$1,190
$1,400
$1,950
$2,350
FY 2025
$1,070
$1,110
$1,230
$1,720
$2,070
FY 2024area FMR
$1,052
$1,080
$1,213
$1,709
$2,058
FY 2023area FMR
$901
$994
$1,123
$1,596
$1,913
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Port Townsend, WA rents
How much will Section 8 pay for a two-bedroom in Port Townsend, WA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,588, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,429 to $1,747 a month; under the ZIP-level Small Area FMR of $1,640 it would be $1,476 to $1,804. 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 Port Townsend, WA in?
Port Townsend, WA is in the Jefferson County, WA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,588.
How much did fair market rent change in Port Townsend, WA for FY 2027?
The two-bedroom FMR rose 17.1%, from $1,400 in FY 2026 to $1,640 in FY 2027. Since FY 2025 it has risen 33.3%.
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