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King County/Auburn/98001

98001

ZIPSAFMR
King County, WA
Zillow

ZIP Investment Score

75Below average

095130300
BRFMR
Eff. Rent
0 BR$2,130$1,520
1 BR$2,220$1,670
2 BR$2,600$2,270
3 BR$3,390$2,940
4 BR$4,030$3,440
5 BR$4,635Not available
6 BR$5,330Not available
7 BR$6,129Not available
8 BR$7,048Not available

Purchase Price Calculator

Maximum purchase price
$275,405

Cost breakdown

+Likely effective rent$2,270
HUD FMR$2,600
Market rentUsed$2,270
Est. payment standard (92%)$2,390
-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
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
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
Return breakdown
Property appreciation+$77,137
Loan principal paid down+$33,542
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.40
1 BR
1.33
2 BR
1.15
3 BR
1.15
4 BR
1.17
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 98001 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98001 (Auburn, WA) is $2,600 a month. That is up 4.4% from $2,490 in FY 2026. Auburn 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. Among 120 ZIP codes in King County, 98001 is tied for the 49th-highest two-bedroom rent (county range $1,950–$3,820). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98001 is 77% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98001
BedroomsFY 2027Change90–110% range
Studio$2,130+3.4%$1,917–$2,343
1BR$2,220+3.7%$1,998–$2,442
2BR$2,600+4.4%$2,340–$2,860
3BR$3,390+4.0%$3,051–$3,729
4BR$4,030+5.2%$3,627–$4,433

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98001
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,130$2,220$2,600$3,390$4,030
FY 2026$2,060$2,140$2,490$3,260$3,830
FY 2025$2,220$2,280$2,650$3,490$4,070
FY 2024$2,190$2,250$2,620$3,480$4,040
FY 2023$2,050$2,110$2,470$3,320$3,870

Two-bedroom rent in nearby King County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98001
98001Current$2,600—
98002$2,040−21.5%
98003$2,240−13.8%
98004$3,820+46.9%
98005$2,950+13.5%
98006$3,560+36.9%
98007$3,030+16.5%
98008$3,270+25.8%
98009$2,6000.0%
98010$2,590−0.4%
98011$2,750+5.8%
98014$2,650+1.9%

Questions about ZIP 98001 rents

How much will Section 8 pay for a two-bedroom in ZIP 98001?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,600, that basic range is $2,340 to $2,860 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 ZIP 98001 in?

ZIP 98001 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 ZIP 98001 for FY 2027?

The two-bedroom FMR rose 4.4%, from $2,490 in FY 2026 to $2,600 in FY 2027. Since FY 2023 it has risen 5.3%.

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

County fair market rentAuburn, WA fair market rentWA statewide rentsWhat is SAFMR?Data sources