Snohomish County/Edmonds/98026

98026

ZIPSAFMR

Snohomish County, WA

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ZIP Investment Score

56Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,940	$1,650	-0.5%
1 BR	$2,030	$1,960	0.2%
2 BR	$2,370	$2,380	0.1%
3 BR	$3,090	$3,180	-0.4%
4 BR	$3,680	$3,520	0.4%
5 BR	$4,232	Not available	0.4%
6 BR	$4,867	Not available	0.4%
7 BR	$5,597	Not available	0.4%
8 BR	$6,436	Not available	0.4%

Purchase Price Calculator

Maximum purchase price

$291,751

Cost breakdown

+Likely effective rent$2,380

HUD FMR$2,370

Market rent$2,390

Est. payment standard (101%)Used$2,380

-Principal and interest-$1,475

Loan amount$233,400

Down payment$58,350

Rate6.50%

Term30 years

-Operating costs-$705

Property taxes-$292

Insurance-$175

Utilities$0

HOA$0

Management-$238

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$37,995(65.1% ROI)

Projected value

$314,183

Return breakdown

Property appreciation+$22,433

Loan principal paid down+$8,362

Rental cash flow+$7,200

5-year hold

+$65,250(111.8% ROI)

Projected value

$330,089

Return breakdown

Property appreciation+$38,338

Loan principal paid down+$14,912

Rental cash flow+$12,000

10-year hold

+$141,247(242.1% ROI)

Projected value

$373,465

Return breakdown

Property appreciation+$81,715

Loan principal paid down+$35,533

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.18ratio

FMR$1,940

Market$1,650

vs market+$290

FMR is above market; underwrite to market rent.

1.18

1 BR

1.04ratio

FMR$2,030

Market$1,960

vs market+$70

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

1.04

2 BR

0.99ratio

FMR$2,370

Market$2,390

vs market-$20

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

0.99

3 BR

0.96ratio

FMR$3,090

Market$3,230

vs market-$140

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

0.96

4 BR

1.05ratio

FMR$3,680

Market$3,520

vs market+$160

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

1.05

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 98026 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98026 (Edmonds, WA) is $2,370 a month. That is up 3.0% from $2,300 in FY 2026. Edmonds 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 42 ZIP codes in Snohomish County, 98026 has the 26th-highest two-bedroom rent (county range $1,950–$3,480). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98026 is 62% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98026
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,910	$1,940	+1.6%	$1,746–$2,134
1BR	$1,970	$2,030	+3.0%	$1,827–$2,233
2BR	$2,300	$2,370	+3.0%	$2,133–$2,607
3BR	$3,010	$3,090	+2.7%	$2,781–$3,399
4BR	$3,540	$3,680	+4.0%	$3,312–$4,048

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98026
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,940	$2,030	$2,370	$3,090	$3,680
FY 2026	$1,910	$1,970	$2,300	$3,010	$3,540
FY 2025	$2,020	$2,070	$2,410	$3,180	$3,700
FY 2024	$1,970	$2,020	$2,360	$3,130	$3,640
FY 2023	$1,860	$1,920	$2,240	$3,010	$3,510

Two-bedroom rent in nearby Snohomish County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 98026
98011	$2,750	+16.0%
98012	$2,780	+17.3%
98019	$3,480	+46.8%
98020	$2,410	+1.7%
98021	$3,170	+33.8%
98026Current	$2,370	—
98028	$2,510	+5.9%
98036	$2,170	−8.4%
98037	$2,330	−1.7%
98043	$2,420	+2.1%
98046	$2,380	+0.4%
98072	$2,870	+21.1%

Questions about ZIP 98026 rents

How much will Section 8 pay for a two-bedroom in ZIP 98026?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,370, that basic range is $2,133 to $2,607 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 98026 in?

ZIP 98026 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 98026 for FY 2027?

The two-bedroom FMR rose 3.0%, from $2,300 in FY 2026 to $2,370 in FY 2027. Since FY 2023 it has risen 5.8%.

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 rent Edmonds, WA fair market rent WA statewide rents What is SAFMR?Data sources