Skip to main content
Loading page
King County/Bellevue/98006

98006

ZIPSAFMR
King County, WA
Zillow

ZIP Investment Score

33Below average

095130300
BRFMR
Eff. Rent
0 BR$2,920$1,830
1 BR$3,040$2,070
2 BR$3,560$2,870
3 BR$4,640$3,430
4 BR$5,520$4,070
5 BR$6,348Not available
6 BR$7,300Not available
7 BR$8,395Not available
8 BR$9,655Not available

Purchase Price Calculator

Maximum purchase price
$364,564

Cost breakdown

+Likely effective rent$2,870
HUD FMR$3,560
Market rentUsed$2,870
Est. payment standard (90%)$3,200
-Principal and interest-$1,843
Loan amount$291,651
Down payment$72,913
Rate6.50%
Term30 years
-Operating costs-$827
Property taxes-$365
Insurance-$175
Utilities$0
HOA$0
Management-$287
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$45,681(62.7% ROI)
Projected value
$392,596
Return breakdown
Property appreciation+$28,032
Loan principal paid down+$10,449
Rental cash flow+$7,200
5-year hold
+$78,540(107.7% ROI)
Projected value
$412,471
Return breakdown
Property appreciation+$47,907
Loan principal paid down+$18,634
Rental cash flow+$12,000
10-year hold
+$170,509(233.9% ROI)
Projected value
$466,673
Return breakdown
Property appreciation+$102,109
Loan principal paid down+$44,401
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.60
1 BR
1.47
2 BR
1.24
3 BR
1.35
4 BR
1.36
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 98006 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98006 (Bellevue, WA) is $3,560 a month. That is unchanged from FY 2026. Bellevue 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, 98006 has the 5th-highest two-bedroom rent (county range $1,950–$3,820). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98006 is 143% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98006
BedroomsFY 2027Change90–110% range
Studio$2,920−1.0%$2,628–$3,212
1BR$3,040−0.3%$2,736–$3,344
2BR$3,5600.0%$3,204–$3,916
3BR$4,640−0.4%$4,176–$5,104
4BR$5,520+0.7%$4,968–$6,072

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98006
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,920$3,040$3,560$4,640$5,520
FY 2026$2,950$3,050$3,560$4,660$5,480
FY 2025$3,190$3,270$3,810$5,020$5,850
FY 2024$3,110$3,190$3,720$4,940$5,740
FY 2023$2,870$2,950$3,450$4,630$5,410

Two-bedroom rent in nearby King County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98006
98001$2,600−27.0%
98002$2,040−42.7%
98003$2,240−37.1%
98004$3,820+7.3%
98005$2,950−17.1%
98006Current$3,560—
98007$3,030−14.9%
98008$3,270−8.1%
98009$2,600−27.0%
98010$2,590−27.2%
98011$2,750−22.8%
98014$2,650−25.6%

Questions about ZIP 98006 rents

How much will Section 8 pay for a two-bedroom in ZIP 98006?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,560, that basic range is $3,204 to $3,916 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 98006 in?

ZIP 98006 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 98006 for FY 2027?

The two-bedroom FMR was unchanged at $3,560 in FY 2027. Since FY 2023 it has risen 3.2%.

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

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