98005
ZIPSAFMR
King County, WA
BRFMR
Eff. Rent
0 BR$2,430$2,420
1 BR$2,510$2,670
2 BR$2,930$3,220
3 BR$3,830$4,060
4 BR$4,510$4,610
5 BR$5,187
6 BR$5,964
7 BR$6,859
8 BR$7,888

Purchase Price Calculator

Maximum purchase price
$416,574

Cost breakdown

+Likely effective rent$3,220
HUD FMR$2,930
Market rent$3,400
Est. payment standard (110%)Used$3,220
Estimated payment standard is $3,220 (110% of FMR).
-Principal and interest-$2,106
Loan amount$333,259
Down payment$83,315
Rate6.50%
Term30 years
-Operating costs-$914
Property taxes-$417
Insurance-$175
Utilities$0
HOA$0
Management-$322
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$51,171(61.4% ROI)
Projected value
$448,605
Current value$416,574
Return breakdown
Property appreciation+$32,031
Loan principal paid down+$11,940
Rental cash flow+$7,200
5-year hold
+$88,033(105.7% ROI)
Projected value
$471,315
Current value$416,574
Return breakdown
Property appreciation+$54,741
Loan principal paid down+$21,292
Rental cash flow+$12,000
10-year hold
+$191,411(229.7% ROI)
Projected value
$533,250
Current value$416,574
Return breakdown
Property appreciation+$116,676
Loan principal paid down+$50,735
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
1.00ratio
FMR$2,430
Market$2,420
vs market+$10

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

90% standard$2,187 / 0.90 ratio110% standard$2,673 / 1.10 ratio
1.00
1 BR
1 BR
0.91ratio
FMR$2,510
Market$2,750
vs market-$240

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

90% standard$2,259 / 0.82 ratio110% standard$2,761 / 1.00 ratio
0.91
2 BR
2 BR
0.86ratio
FMR$2,930
Market$3,400
vs market-$470

FMR is below market; voucher rent may lag private rents.

90% standard$2,637 / 0.78 ratio110% standard$3,223 / 0.95 ratio
0.86
3 BR
3 BR
0.92ratio
FMR$3,830
Market$4,180
vs market-$350

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

90% standard$3,447 / 0.82 ratio110% standard$4,213 / 1.01 ratio
0.92
4 BR
4 BR
0.97ratio
FMR$4,510
Market$4,670
vs market-$160

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

90% standard$4,059 / 0.87 ratio110% standard$4,961 / 1.06 ratio
0.97
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller 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 98005 (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.

98005 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 98005 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,930 and the 4 bedroom fair market rent is $4,510.

Use this page for searches like 98005 FMR, 98005 fair market rent, and 98005 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 98005
Bedroom sizeHUD FMR
Studio$2,430
1 bedroom$2,510
2 bedroom$2,930
3 bedroom$3,830
4 bedroom$4,510