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King County/Kent/98030

98030

ZIPSAFMR
King County, WA
Zillow

ZIP Investment Score

69Below average

095130300
BRFMR
Eff. Rent
0 BR$1,890$1,280
1 BR$1,970$1,510
2 BR$2,300$2,350
3 BR$3,000$2,820
4 BR$3,570$3,370
5 BR$4,106Not available
6 BR$4,721Not available
7 BR$5,430Not available
8 BR$6,244Not available

Purchase Price Calculator

Maximum purchase price
$287,293

Cost breakdown

+Likely effective rent$2,350
HUD FMR$2,300
Market rent$2,380
Est. payment standard (102%)Used$2,350
-Principal and interest-$1,453
Loan amount$229,834
Down payment$57,459
Rate6.50%
Term30 years
-Operating costs-$697
Property taxes-$287
Insurance-$175
Utilities$0
HOA$0
Management-$235
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,525(65.3% ROI)
Projected value
$309,383
Return breakdown
Property appreciation+$22,090
Loan principal paid down+$8,234
Rental cash flow+$7,200
5-year hold
+$64,437(112.1% ROI)
Projected value
$325,045
Return breakdown
Property appreciation+$37,753
Loan principal paid down+$14,684
Rental cash flow+$12,000
10-year hold
+$139,456(242.7% ROI)
Projected value
$367,759
Return breakdown
Property appreciation+$80,466
Loan principal paid down+$34,990
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.48
1 BR
1.30
2 BR
0.97
3 BR
1.06
4 BR
1.06
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 98030 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98030 (Kent, WA) is $2,300 a month. That is up 0.9% from $2,280 in FY 2026. Kent 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, 98030 has the 100th-highest two-bedroom rent (county range $1,950–$3,820). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98030 is 57% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98030
BedroomsFY 2027Change90–110% range
Studio$1,8900.0%$1,701–$2,079
1BR$1,970+0.5%$1,773–$2,167
2BR$2,300+0.9%$2,070–$2,530
3BR$3,000+0.7%$2,700–$3,300
4BR$3,570+1.7%$3,213–$3,927

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98030
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,890$1,970$2,300$3,000$3,570
FY 2026$1,890$1,960$2,280$2,980$3,510
FY 2025$2,080$2,130$2,480$3,270$3,810
FY 2024$2,030$2,080$2,430$3,220$3,750
FY 2023$1,800$1,850$2,160$2,900$3,380

Two-bedroom rent in nearby King County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98030
98024$2,970+29.1%
98025$2,910+26.5%
98027$2,950+28.3%
98028$2,510+9.1%
98029$3,310+43.9%
98030Current$2,300—
98031$2,500+8.7%
98032$2,390+3.9%
98033$3,330+44.8%
98034$2,940+27.8%
98035$2,600+13.0%
98036$2,170−5.7%

Questions about ZIP 98030 rents

How much will Section 8 pay for a two-bedroom in ZIP 98030?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,300, that basic range is $2,070 to $2,530 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 98030 in?

ZIP 98030 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 98030 for FY 2027?

The two-bedroom FMR rose 0.9%, from $2,280 in FY 2026 to $2,300 in FY 2027. Since FY 2023 it has risen 6.5%.

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