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King County/Renton/98058

98058

ZIPSAFMR
King County, WA
Zillow

ZIP Investment Score

65Below average

095130300
BRFMR
Eff. Rent
0 BR$2,160$1,700
1 BR$2,250$1,690
2 BR$2,630$2,580
3 BR$3,430$3,100
4 BR$4,080$3,440
5 BR$4,692Not available
6 BR$5,396Not available
7 BR$6,205Not available
8 BR$7,136Not available

Purchase Price Calculator

Maximum purchase price
$321,470

Cost breakdown

+Likely effective rent$2,580
HUD FMR$2,630
Market rentUsed$2,580
Est. payment standard (99%)$2,600
-Principal and interest-$1,626
Loan amount$257,176
Down payment$64,294
Rate6.50%
Term30 years
-Operating costs-$754
Property taxes-$321
Insurance-$175
Utilities$0
HOA$0
Management-$258
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$41,132(64.0% ROI)
Projected value
$346,189
Return breakdown
Property appreciation+$24,718
Loan principal paid down+$9,214
Rental cash flow+$7,200
5-year hold
+$70,675(109.9% ROI)
Projected value
$363,714
Return breakdown
Property appreciation+$42,244
Loan principal paid down+$16,431
Rental cash flow+$12,000
10-year hold
+$153,191(238.3% ROI)
Projected value
$411,509
Return breakdown
Property appreciation+$90,039
Loan principal paid down+$39,152
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.27
1 BR
1.33
2 BR
1.02
3 BR
1.11
4 BR
1.19
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 98058 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98058 (Renton, WA) is $2,630 a month. That is up 2.7% from $2,560 in FY 2026. Renton 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, 98058 has the 48th-highest two-bedroom rent (county range $1,950–$3,820). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98058 is 79% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98058
BedroomsFY 2027Change90–110% range
Studio$2,160+1.9%$1,944–$2,376
1BR$2,250+2.3%$2,025–$2,475
2BR$2,630+2.7%$2,367–$2,893
3BR$3,430+2.4%$3,087–$3,773
4BR$4,080+3.6%$3,672–$4,488

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98058
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,160$2,250$2,630$3,430$4,080
FY 2026$2,120$2,200$2,560$3,350$3,940
FY 2025$2,300$2,350$2,740$3,610$4,210
FY 2024$2,140$2,200$2,560$3,400$3,950
FY 2023$2,080$2,140$2,500$3,360$3,920

Two-bedroom rent in nearby King County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98058
98051$2,700+2.7%
98052$3,150+19.8%
98053$3,290+25.1%
98055$2,650+0.8%
98056$2,530−3.8%
98057$2,240−14.8%
98058Current$2,630—
98059$2,770+5.3%
98062$2,600−1.1%
98063$2,600−1.1%
98064$2,600−1.1%
98065$3,670+39.5%

Questions about ZIP 98058 rents

How much will Section 8 pay for a two-bedroom in ZIP 98058?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,630, that basic range is $2,367 to $2,893 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 98058 in?

ZIP 98058 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 98058 for FY 2027?

The two-bedroom FMR rose 2.7%, from $2,560 in FY 2026 to $2,630 in FY 2027. Since FY 2023 it has risen 5.2%.

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