FMR is below market; voucher rent may lag private rents.
0.87
1 BR
1 BR- 98597
0.97ratio
FMR$1,570
Market$1,620
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.97
2 BR
2 BR- 98597
0.88ratio
FMR$1,850
Market$2,110
vs market-$260
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR- 98597
0.98ratio
FMR$2,420
Market$2,470
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR- 98597
1.10ratio
FMR$2,990
Market$2,720
vs market+$270
FMR is near market; voucher and private rents are aligned.
1.10
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
--
Yelm, WA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Yelm, WA is $1,850 a month. That is down 2.1% from $1,890 in FY 2026. Yelm is in the Olympia-Lacey-Tumwater, WA MSA. 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 $1,946. The median county two-bedroom FMR in Washington is $1,467, so Yelm is 26% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Yelm, WA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,480
$1,510
+2.0%
$1,359–$1,661
1BR
$1,620
$1,570
−3.1%
$1,413–$1,727
2BR
$1,890
$1,850
−2.1%
$1,665–$2,035
3BR
$2,520
$2,420
−4.0%
$2,178–$2,662
4BR
$3,170
$2,990
−5.7%
$2,691–$3,289
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Yelm, WA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,510
$1,570
$1,850
$2,420
$2,990
FY 2026
$1,480
$1,620
$1,890
$2,520
$3,170
FY 2025
$1,410
$1,600
$1,860
$2,550
$3,120
FY 2024
$1,420
$1,650
$1,910
$2,680
$3,240
FY 2023
$1,220
$1,350
$1,580
$2,250
$2,690
Questions about Yelm, WA rents
How much will Section 8 pay for a two-bedroom in Yelm, WA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,946, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,751 to $2,141 a month; under the ZIP-level Small Area FMR of $1,850 it would be $1,665 to $2,035. 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 Yelm, WA in?
Yelm, WA is in the Olympia-Lacey-Tumwater, WA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,946.
How much did fair market rent change in Yelm, WA for FY 2027?
The two-bedroom FMR fell 2.1%, from $1,890 in FY 2026 to $1,850 in FY 2027. Since FY 2023 it has risen 17.1%.
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