Skip to main content
Loading page
Snohomish County/Lake Stevens/98258

98258

ZIPSAFMR
Snohomish County, WA
Zillow

ZIP Investment Score

68Below average

095130300
BRFMR
Eff. Rent
0 BR$2,240$1,570
1 BR$2,330$1,760
2 BR$2,730$2,420
3 BR$3,560$2,960
4 BR$4,230$3,200
5 BR$4,865Not available
6 BR$5,594Not available
7 BR$6,433Not available
8 BR$7,398Not available

Purchase Price Calculator

Maximum purchase price
$297,695

Cost breakdown

+Likely effective rent$2,420
HUD FMR$2,730
Market rentUsed$2,420
Est. payment standard (93%)$2,530
-Principal and interest-$1,505
Loan amount$238,156
Down payment$59,539
Rate6.50%
Term30 years
-Operating costs-$715
Property taxes-$298
Insurance-$175
Utilities$0
HOA$0
Management-$242
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$38,622(64.9% ROI)
Projected value
$320,584
Return breakdown
Property appreciation+$22,890
Loan principal paid down+$8,533
Rental cash flow+$7,200
5-year hold
+$66,335(111.4% ROI)
Projected value
$336,814
Return breakdown
Property appreciation+$39,120
Loan principal paid down+$15,216
Rental cash flow+$12,000
10-year hold
+$143,636(241.2% ROI)
Projected value
$381,074
Return breakdown
Property appreciation+$83,380
Loan principal paid down+$36,257
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.43
1 BR
1.32
2 BR
1.13
3 BR
1.20
4 BR
1.32
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 98258 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98258 (Lake Stevens, WA) is $2,730 a month. That is up 3.4% from $2,640 in FY 2026. Lake Stevens 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 42 ZIP codes in Snohomish County, 98258 has the 9th-highest two-bedroom rent (county range $1,950–$3,480). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98258 is 86% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98258
BedroomsFY 2027Change90–110% range
Studio$2,240+2.3%$2,016–$2,464
1BR$2,330+2.6%$2,097–$2,563
2BR$2,730+3.4%$2,457–$3,003
3BR$3,560+3.2%$3,204–$3,916
4BR$4,230+4.2%$3,807–$4,653

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98258
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,240$2,330$2,730$3,560$4,230
FY 2026$2,190$2,270$2,640$3,450$4,060
FY 2025$2,280$2,340$2,720$3,590$4,180
FY 2024$2,270$2,330$2,720$3,610$4,200
FY 2023$2,150$2,210$2,580$3,460$4,040

Two-bedroom rent in nearby Snohomish County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98258
98241$1,950−28.6%
98251$2,210−19.0%
98252$1,950−28.6%
98256$1,950−28.6%
98258Current$2,730—
98259$2,380−12.8%
98270$2,110−22.7%
98271$2,450−10.3%
98272$2,400−12.1%
98275$2,600−4.8%
98282$1,950−28.6%
98287$2,380−12.8%

Questions about ZIP 98258 rents

How much will Section 8 pay for a two-bedroom in ZIP 98258?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,730, that basic range is $2,457 to $3,003 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 98258 in?

ZIP 98258 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 98258 for FY 2027?

The two-bedroom FMR rose 3.4%, from $2,640 in FY 2026 to $2,730 in FY 2027. Since FY 2023 it has risen 5.8%.

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