98001
ZIPSAFMR
King County, WA
BRFMR
Eff. Rent
0 BR$2,060$1,520
1 BR$2,140$1,670
2 BR$2,490$2,270
3 BR$3,260$2,940
4 BR$3,830$3,440
5 BR$4,405
6 BR$5,065
7 BR$5,825
8 BR$6,699

Purchase Price Calculator

Maximum purchase price
$275,405

Cost breakdown

+Likely effective rent$2,270
HUD FMR$2,490
Market rentUsed$2,270
Est. payment standard (94%)$2,350
Market rent is below the inferred standard ($2,350, 94% of FMR).
-Principal and interest-$1,393
Loan amount$220,324
Down payment$55,081
Rate6.50%
Term30 years
-Operating costs-$677
Property taxes-$275
Insurance-$175
Utilities$0
HOA$0
Management-$227
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$36,270(65.8% ROI)
Projected value
$296,581
Current value$275,405
Return breakdown
Property appreciation+$21,176
Loan principal paid down+$7,894
Rental cash flow+$7,200
5-year hold
+$62,267(113.0% ROI)
Projected value
$311,595
Current value$275,405
Return breakdown
Property appreciation+$36,190
Loan principal paid down+$14,077
Rental cash flow+$12,000
10-year hold
+$134,678(244.5% ROI)
Projected value
$352,541
Current value$275,405
Return breakdown
Property appreciation+$77,137
Loan principal paid down+$33,542
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.36ratio
FMR$2,060
Market$1,520
vs market+$540

FMR is above market; underwrite to market rent.

90% standard$1,854 / 1.22 ratio110% standard$2,266 / 1.49 ratio
1.36
1 BR
1 BR
1.28ratio
FMR$2,140
Market$1,670
vs market+$470

FMR is above market; underwrite to market rent.

90% standard$1,926 / 1.15 ratio110% standard$2,354 / 1.41 ratio
1.28
2 BR
2 BR
1.10ratio
FMR$2,490
Market$2,270
vs market+$220

FMR is near market; voucher and private rents are aligned.

90% standard$2,241 / 0.99 ratio110% standard$2,739 / 1.21 ratio
1.10
3 BR
3 BR
1.11ratio
FMR$3,260
Market$2,940
vs market+$320

FMR is above market; underwrite to market rent.

90% standard$2,934 / 1.00 ratio110% standard$3,586 / 1.22 ratio
1.11
4 BR
4 BR
1.11ratio
FMR$3,830
Market$3,440
vs market+$390

FMR is above market; underwrite to market rent.

90% standard$3,447 / 1.00 ratio110% standard$4,213 / 1.22 ratio
1.11
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 98001 (WA) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

98001 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 98001 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,490 and the 4 bedroom fair market rent is $3,830.

Use this page for searches like 98001 FMR, 98001 fair market rent, and 98001 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 98001
Bedroom sizeHUD FMR
Studio$2,060
1 bedroom$2,140
2 bedroom$2,490
3 bedroom$3,260
4 bedroom$3,830