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King County/Redmond/98052

98052

ZIPSAFMR
King County, WA
Zillow

ZIP Investment Score

37Below average

095130300
BRFMR
Eff. Rent
0 BR$2,580$1,910
1 BR$2,690$2,160
2 BR$3,150$2,780
3 BR$4,110$3,410
4 BR$4,890$3,910
5 BR$5,624Not available
6 BR$6,467Not available
7 BR$7,437Not available
8 BR$8,553Not available

Purchase Price Calculator

Maximum purchase price
$351,190

Cost breakdown

+Likely effective rent$2,780
HUD FMR$3,150
Market rentUsed$2,780
Est. payment standard (92%)$2,910
-Principal and interest-$1,776
Loan amount$280,952
Down payment$70,238
Rate6.50%
Term30 years
-Operating costs-$804
Property taxes-$351
Insurance-$175
Utilities$0
HOA$0
Management-$278
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$44,269(63.0% ROI)
Projected value
$378,194
Return breakdown
Property appreciation+$27,003
Loan principal paid down+$10,066
Rental cash flow+$7,200
5-year hold
+$76,099(108.3% ROI)
Projected value
$397,340
Return breakdown
Property appreciation+$46,149
Loan principal paid down+$17,950
Rental cash flow+$12,000
10-year hold
+$165,135(235.1% ROI)
Projected value
$449,553
Return breakdown
Property appreciation+$98,363
Loan principal paid down+$42,772
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.35
1 BR
1.25
2 BR
1.13
3 BR
1.21
4 BR
1.25
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 98052 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98052 (Redmond, WA) is $3,150 a month. That is up 1.3% from $3,110 in FY 2026. Redmond 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, 98052 has the 16th-highest two-bedroom rent (county range $1,950–$3,820). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98052 is 115% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98052
BedroomsFY 2027Change90–110% range
Studio$2,5800.0%$2,322–$2,838
1BR$2,690+0.7%$2,421–$2,959
2BR$3,150+1.3%$2,835–$3,465
3BR$4,110+1.0%$3,699–$4,521
4BR$4,890+2.3%$4,401–$5,379

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98052
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,580$2,690$3,150$4,110$4,890
FY 2026$2,580$2,670$3,110$4,070$4,780
FY 2025$2,710$2,770$3,230$4,260$4,960
FY 2024$2,670$2,750$3,200$4,250$4,940
FY 2023$2,550$2,630$3,070$4,120$4,810

Two-bedroom rent in nearby King County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98052
98043$2,420−23.2%
98045$2,660−15.6%
98047$2,170−31.1%
98050$2,960−6.0%
98051$2,700−14.3%
98052Current$3,150—
98053$3,290+4.4%
98055$2,650−15.9%
98056$2,530−19.7%
98057$2,240−28.9%
98058$2,630−16.5%
98059$2,770−12.1%

Questions about ZIP 98052 rents

How much will Section 8 pay for a two-bedroom in ZIP 98052?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,150, that basic range is $2,835 to $3,465 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 98052 in?

ZIP 98052 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 98052 for FY 2027?

The two-bedroom FMR rose 1.3%, from $3,110 in FY 2026 to $3,150 in FY 2027. Since FY 2023 it has risen 2.6%.

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