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King County/Seattle/98105

98105

ZIPSAFMR
King County, WA
Zillow

ZIP Investment Score

49Below average

095130300
BRFMR
Eff. Rent
0 BR$2,300$1,750
1 BR$2,390$2,270
2 BR$2,800$3,080
3 BR$3,650$3,870
4 BR$4,340$4,680
5 BR$4,991Not available
6 BR$5,740Not available
7 BR$6,601Not available
8 BR$7,591Not available

Purchase Price Calculator

Maximum purchase price
$395,770

Cost breakdown

+Likely effective rent$3,080
HUD FMR$2,800
Market rent$3,330
Est. payment standard (110%)Used$3,080
-Principal and interest-$2,001
Loan amount$316,616
Down payment$79,154
Rate6.50%
Term30 years
-Operating costs-$879
Property taxes-$396
Insurance-$175
Utilities$0
HOA$0
Management-$308
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$48,975(61.9% ROI)
Projected value
$426,201
Return breakdown
Property appreciation+$30,431
Loan principal paid down+$11,344
Rental cash flow+$7,200
5-year hold
+$84,236(106.4% ROI)
Projected value
$447,778
Return breakdown
Property appreciation+$52,007
Loan principal paid down+$20,229
Rental cash flow+$12,000
10-year hold
+$183,050(231.3% ROI)
Projected value
$506,619
Return breakdown
Property appreciation+$110,849
Loan principal paid down+$48,201
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.31
1 BR
1.05
2 BR
0.84
3 BR
0.91
4 BR
0.89
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 98105 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98105 (Seattle, WA) is $2,800 a month. That is up 2.6% from $2,730 in FY 2026. Seattle 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, 98105 has the 33rd-highest two-bedroom rent (county range $1,950–$3,820). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98105 is 91% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98105
BedroomsFY 2027Change90–110% range
Studio$2,300+1.8%$2,070–$2,530
1BR$2,390+2.1%$2,151–$2,629
2BR$2,800+2.6%$2,520–$3,080
3BR$3,650+2.2%$3,285–$4,015
4BR$4,340+3.3%$3,906–$4,774

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98105
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,300$2,390$2,800$3,650$4,340
FY 2026$2,260$2,340$2,730$3,570$4,200
FY 2025$2,330$2,390$2,780$3,660$4,270
FY 2024$2,300$2,360$2,750$3,650$4,240
FY 2023$2,250$2,310$2,700$3,630$4,230

Two-bedroom rent in nearby King County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98105
98101$3,490+24.6%
98102$3,030+8.2%
98103$3,000+7.1%
98104$2,350−16.1%
98105Current$2,800—
98106$2,490−11.1%
98107$3,040+8.6%
98108$2,220−20.7%
98109$3,470+23.9%
98110$2,380−15.0%
98111$2,600−7.1%
98112$2,640−5.7%

Questions about ZIP 98105 rents

How much will Section 8 pay for a two-bedroom in ZIP 98105?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,800, that basic range is $2,520 to $3,080 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 98105 in?

ZIP 98105 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 98105 for FY 2027?

The two-bedroom FMR rose 2.6%, from $2,730 in FY 2026 to $2,800 in FY 2027. Since FY 2023 it has risen 3.7%.

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