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San Juan County/Olga/98279

98279

ZIPSAFMR
San Juan County, WA
Zillow

ZIP Investment Score

43Below average

095130300
BRFMR
Eff. Rent
0 BR$1,850$1,850
1 BR$2,030$2,030
2 BR$2,660$2,660
3 BR$3,480$3,480
4 BR$3,500$3,500
5 BR$4,025Not available
6 BR$4,629Not available
7 BR$5,323Not available
8 BR$6,122Not available

Purchase Price Calculator

Maximum purchase price
$333,358

Cost breakdown

+Likely effective rent$2,660
HUD FMRUsed$2,660
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,686
Loan amount$266,687
Down payment$66,672
Rate6.50%
Term30 years
-Operating costs-$774
Property taxes-$333
Insurance-$175
Utilities$0
HOA$0
Management-$266
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$42,387(63.6% ROI)
Projected value
$358,991
Return breakdown
Property appreciation+$25,632
Loan principal paid down+$9,555
Rental cash flow+$7,200
5-year hold
+$72,845(109.3% ROI)
Projected value
$377,164
Return breakdown
Property appreciation+$43,806
Loan principal paid down+$17,039
Rental cash flow+$12,000
10-year hold
+$157,969(236.9% ROI)
Projected value
$426,727
Return breakdown
Property appreciation+$93,369
Loan principal paid down+$40,600
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 98279 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98279 (Olga, WA) is $2,660 a month. That is up 13.7% from $2,340 in FY 2026. Olga is in the San Juan County, WA non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $2,022. Among 10 ZIP codes in San Juan County, 98279 has the highest two-bedroom rent (county range $1,670–$2,660). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98279 is 81% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98279
BedroomsFY 2027Change90–110% range
Studio$1,850+14.9%$1,665–$2,035
1BR$2,030+14.0%$1,827–$2,233
2BR$2,660+13.7%$2,394–$2,926
3BR$3,480+12.3%$3,132–$3,828
4BR$3,500+12.9%$3,150–$3,850

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98279
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,850$2,030$2,660$3,480$3,500
FY 2026$1,610$1,780$2,340$3,100$3,100
FY 2025$1,520$1,690$2,220$2,910$2,950
FY 2024area FMR$1,127$1,266$1,663$2,207$2,312
FY 2023area FMR$1,035$1,133$1,492$1,993$2,182

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby San Juan County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98279
98221$1,940−27.1%
98222$2,050−22.9%
98243$1,810−32.0%
98245$1,820−31.6%
98250$2,120−20.3%
98261$1,670−37.2%
98279Current$2,660—
98280$2,380−10.5%
98286$2,000−24.8%
98297$2,020−24.1%

Questions about ZIP 98279 rents

How much will Section 8 pay for a two-bedroom in ZIP 98279?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $2,022, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,820 to $2,224 a month; under the ZIP-level Small Area FMR of $2,660 it would be $2,394 to $2,926. 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 98279 in?

ZIP 98279 is in the San Juan County, WA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $2,022.

How much did fair market rent change in ZIP 98279 for FY 2027?

The two-bedroom FMR rose 13.7%, from $2,340 in FY 2026 to $2,660 in FY 2027. Since FY 2025 it has risen 19.8%.

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