FMR is below market; voucher rent may lag private rents.
0.81
1 BR
1 BR- 98467
0.90ratio
FMR$1,530
Market$1,700
vs market-$170
FMR is near market; voucher and private rents are aligned.
0.90
2 BR
2 BR- 98467
0.80ratio
FMR$1,880
Market$2,360
vs market-$480
FMR is below market; voucher rent may lag private rents.
0.80
3 BR
3 BR- 98467
0.89ratio
FMR$2,590
Market$2,920
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.89
4 BR
4 BR- 98467
0.97ratio
FMR$2,930
Market$3,020
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.97
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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University Place, WA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in University Place, WA is $1,880 a month. That is up 1.1% from $1,860 in FY 2026. University Place is in the Tacoma, WA HUD Metro 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 metro-wide two-bedroom FMR of $2,064. The median county two-bedroom FMR in Washington is $1,467, so University Place is 28% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for University Place, WA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,340
$1,360
+1.5%
$1,224–$1,496
1BR
$1,510
$1,530
+1.3%
$1,377–$1,683
2BR
$1,860
$1,880
+1.1%
$1,692–$2,068
3BR
$2,600
$2,590
−0.4%
$2,331–$2,849
4BR
$2,970
$2,930
−1.3%
$2,637–$3,223
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for University Place, WA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,360
$1,530
$1,880
$2,590
$2,930
FY 2026
$1,340
$1,510
$1,860
$2,600
$2,970
FY 2025
$1,340
$1,520
$1,870
$2,620
$2,990
FY 2024
$1,310
$1,470
$1,820
$2,560
$2,960
FY 2023
$1,060
$1,190
$1,490
$2,120
$2,480
Questions about University Place, WA rents
How much will Section 8 pay for a two-bedroom in University Place, WA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,064, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,858 to $2,270 a month; under the ZIP-level Small Area FMR of $1,880 it would be $1,692 to $2,068. 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 University Place, WA in?
University Place, WA is in the Tacoma, WA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,064.
How much did fair market rent change in University Place, WA for FY 2027?
The two-bedroom FMR rose 1.1%, from $1,860 in FY 2026 to $1,880 in FY 2027. Since FY 2023 it has risen 26.2%.
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