98146
ZIPSAFMR
King County, WA
BRFMR
Eff. Rent
0 BR$1,810$1,340
1 BR$1,870$1,760
2 BR$2,180$2,400
3 BR$2,850$3,140
4 BR$3,350$3,450
5 BR$3,852
6 BR$4,430
7 BR$5,095
8 BR$5,859

Purchase Price Calculator

Maximum purchase price
$294,723

Cost breakdown

+Likely effective rent$2,400
HUD FMR$2,180
Market rent$2,600
Est. payment standard (110%)Used$2,400
Estimated payment standard is $2,400 (110% of FMR).
-Principal and interest-$1,490
Loan amount$235,778
Down payment$58,945
Rate6.50%
Term30 years
-Operating costs-$710
Property taxes-$295
Insurance-$175
Utilities$0
HOA$0
Management-$240
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$38,309(65.0% ROI)
Projected value
$317,384
Current value$294,723
Return breakdown
Property appreciation+$22,661
Loan principal paid down+$8,447
Rental cash flow+$7,200
5-year hold
+$65,793(111.6% ROI)
Projected value
$333,451
Current value$294,723
Return breakdown
Property appreciation+$38,729
Loan principal paid down+$15,064
Rental cash flow+$12,000
10-year hold
+$142,442(241.7% ROI)
Projected value
$377,270
Current value$294,723
Return breakdown
Property appreciation+$82,547
Loan principal paid down+$35,895
Rental cash flow+$24,000

Upgrade to access AI-powered research tools

Upgrade

Rolodex

Upgrade to access AI-powered research tools

Upgrade

Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.35ratio
FMR$1,810
Market$1,340
vs market+$470

FMR is above market; underwrite to market rent.

90% standard$1,629 / 1.22 ratio110% standard$1,991 / 1.49 ratio
1.35
1 BR
1 BR
1.06ratio
FMR$1,870
Market$1,760
vs market+$110

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

90% standard$1,683 / 0.96 ratio110% standard$2,057 / 1.17 ratio
1.06
2 BR
2 BR
0.84ratio
FMR$2,180
Market$2,600
vs market-$420

FMR is below market; voucher rent may lag private rents.

90% standard$1,962 / 0.75 ratio110% standard$2,398 / 0.92 ratio
0.84
3 BR
3 BR
0.85ratio
FMR$2,850
Market$3,370
vs market-$520

FMR is below market; voucher rent may lag private rents.

90% standard$2,565 / 0.76 ratio110% standard$3,135 / 0.93 ratio
0.85
4 BR
4 BR
0.96ratio
FMR$3,350
Market$3,500
vs market-$150

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

90% standard$3,015 / 0.86 ratio110% standard$3,685 / 1.05 ratio
0.96
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 98146 (WA) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

98146 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 98146 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,180 and the 4 bedroom fair market rent is $3,350.

Use this page for searches like 98146 FMR, 98146 fair market rent, and 98146 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 98146
Bedroom sizeHUD FMR
Studio$1,810
1 bedroom$1,870
2 bedroom$2,180
3 bedroom$2,850
4 bedroom$3,350