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Whatcom County/Lynden/98264

98264

ZIPSAFMR
Whatcom County, WA
Zillow

ZIP Investment Score

51Below average

095130300
BRFMR
Eff. Rent
0 BR$1,590$1,430
1 BR$1,630$1,580
2 BR$2,000$1,990
3 BR$2,720$2,490
4 BR$3,340$2,870
5 BR$3,841Not available
6 BR$4,417Not available
7 BR$5,080Not available
8 BR$5,842Not available

Purchase Price Calculator

Maximum purchase price
$233,797

Cost breakdown

+Likely effective rent$1,990
HUD FMR$2,000
Market rentUsed$1,990
Est. payment standard (100%)$1,990
-Principal and interest-$1,182
Loan amount$187,037
Down payment$46,759
Rate6.50%
Term30 years
-Operating costs-$608
Property taxes-$234
Insurance-$175
Utilities$0
HOA$0
Management-$199
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,878(68.2% ROI)
Projected value
$251,773
Return breakdown
Property appreciation+$17,977
Loan principal paid down+$6,701
Rental cash flow+$7,200
5-year hold
+$54,673(116.9% ROI)
Projected value
$264,519
Return breakdown
Property appreciation+$30,723
Loan principal paid down+$11,950
Rental cash flow+$12,000
10-year hold
+$117,957(252.3% ROI)
Projected value
$299,280
Return breakdown
Property appreciation+$65,483
Loan principal paid down+$28,474
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.11
1 BR
1.03
2 BR
1.01
3 BR
1.09
4 BR
1.16
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 98264 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98264 (Lynden, WA) is $2,000 a month. That is up 3.1% from $1,940 in FY 2026. Lynden is in the Bellingham, WA MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,872. Among 21 ZIP codes in Whatcom County, 98264 has the 2nd-highest two-bedroom rent (county range $1,620–$2,030). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98264 is 36% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98264
BedroomsFY 2027Change90–110% range
Studio$1,590+0.6%$1,431–$1,749
1BR$1,630+1.2%$1,467–$1,793
2BR$2,000+3.1%$1,800–$2,200
3BR$2,720+0.7%$2,448–$2,992
4BR$3,340+2.8%$3,006–$3,674

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98264
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,590$1,630$2,000$2,720$3,340
FY 2026$1,580$1,610$1,940$2,700$3,250
FY 2025$1,450$1,480$1,760$2,470$2,960
FY 2024$1,380$1,440$1,730$2,440$2,940
FY 2023$1,140$1,200$1,480$2,100$2,520

Two-bedroom rent in nearby Whatcom County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98264
98237$1,620−19.0%
98240$1,810−9.5%
98244$1,620−19.0%
98247$1,890−5.5%
98248$1,790−10.5%
98262$1,940−3.0%
98264Current$2,000—
98266$1,650−17.5%
98276$2,030+1.5%
98281$1,620−19.0%
98283$1,620−19.0%
98284$1,700−15.0%

Questions about ZIP 98264 rents

How much will Section 8 pay for a two-bedroom in ZIP 98264?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,872, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,685 to $2,059 a month; under the ZIP-level Small Area FMR of $2,000 it would be $1,800 to $2,200. 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 98264 in?

ZIP 98264 is in the Bellingham, WA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,872.

How much did fair market rent change in ZIP 98264 for FY 2027?

The two-bedroom FMR rose 3.1%, from $1,940 in FY 2026 to $2,000 in FY 2027. Since FY 2023 it has risen 35.1%.

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