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San Juan County/Shaw Island/98286

98286

ZIPSAFMR
San Juan County, WA
Zillow

ZIP Investment Score

49Below average

095130300
BRFMR
Eff. Rent
0 BR$1,400$1,540
1 BR$1,530$1,670
2 BR$2,000$2,200
3 BR$2,630$2,460
4 BR$2,630$2,560
5 BR$3,024Not available
6 BR$3,478Not available
7 BR$4,000Not available
8 BR$4,600Not available

Purchase Price Calculator

Maximum purchase price
$265,003

Cost breakdown

+Likely effective rent$2,200
HUD FMR$2,000
Market rent$2,310
Est. payment standard (110%)Used$2,200
-Principal and interest-$1,340
Loan amount$212,002
Down payment$53,001
Rate6.50%
Term30 years
-Operating costs-$660
Property taxes-$265
Insurance-$175
Utilities$0
HOA$0
Management-$220
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,172(66.4% ROI)
Projected value
$285,379
Return breakdown
Property appreciation+$20,376
Loan principal paid down+$7,596
Rental cash flow+$7,200
5-year hold
+$60,368(113.9% ROI)
Projected value
$299,826
Return breakdown
Property appreciation+$34,824
Loan principal paid down+$13,545
Rental cash flow+$12,000
10-year hold
+$130,498(246.2% ROI)
Projected value
$339,226
Return breakdown
Property appreciation+$74,223
Loan principal paid down+$32,275
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.79
1 BR
0.87
2 BR
0.87
3 BR
1.07
4 BR
1.03
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 98286 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98286 (Shaw Island, WA) is $2,000 a month. That is up 11.7% from $1,790 in FY 2026. Shaw Island 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, 98286 has the 6th-highest two-bedroom rent (county range $1,670–$2,660). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98286 is 36% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98286
BedroomsFY 2027Change90–110% range
Studio$1,400+12.9%$1,260–$1,540
1BR$1,530+11.7%$1,377–$1,683
2BR$2,000+11.7%$1,800–$2,200
3BR$2,630+11.0%$2,367–$2,893
4BR$2,630+10.5%$2,367–$2,893

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98286
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,400$1,530$2,000$2,630$2,630
FY 2026$1,240$1,370$1,790$2,370$2,380
FY 2025$1,150$1,280$1,670$2,190$2,220
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. 98286
98221$1,940−3.0%
98222$2,050+2.5%
98243$1,810−9.5%
98245$1,820−9.0%
98250$2,120+6.0%
98261$1,670−16.5%
98279$2,660+33.0%
98280$2,380+19.0%
98286Current$2,000—
98297$2,020+1.0%

Questions about ZIP 98286 rents

How much will Section 8 pay for a two-bedroom in ZIP 98286?

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 $2,000 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 98286 in?

ZIP 98286 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 98286 for FY 2027?

The two-bedroom FMR rose 11.7%, from $1,790 in FY 2026 to $2,000 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 rentShaw Island, WA fair market rentWA statewide rentsWhat is SAFMR?Data sources