98024
ZIPSAFMR
King County, WA
BRFMR
Eff. Rent
0 BR$2,050$2,050
1 BR$2,120$2,120
2 BR$2,470$2,470
3 BR$3,230$3,230
4 BR$3,800$3,800
5 BR$4,370
6 BR$5,025
7 BR$5,779
8 BR$6,646

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio
0.73ratio
FMR$2,050
Market$2,790
vs market-$740

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.73
1 BR
1 BR
0.82ratio
FMR$2,120
Market$2,590
vs market-$470

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.82
2 BR
2 BR
0.80ratio
FMR$2,470
Market$3,070
vs market-$600

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.80
3 BR
3 BR
0.93ratio
FMR$3,230
Market$3,470
vs market-$240

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.93
4 BR
4 BR
0.89ratio
FMR$3,800
Market$4,250
vs market-$450

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.89
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$305,124
Rent
$2,470
Down payment
$61,025
Loan
$244,100
Mortgage
$1,543
Expenses
$727
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 98024 (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.