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Skagit County/Stanwood/98292

98292

ZIPSAFMR
Skagit County, WA
Zillow

ZIP Investment Score

60Below average

095130300
BRFMR
Eff. Rent
0 BR$1,840$1,670
1 BR$1,910$1,890
2 BR$2,240$2,260
3 BR$2,920$2,810
4 BR$3,470$3,070
5 BR$3,990Not available
6 BR$4,589Not available
7 BR$5,277Not available
8 BR$6,069Not available

Purchase Price Calculator

Maximum purchase price
$273,919

Cost breakdown

+Likely effective rent$2,260
HUD FMR$2,240
Market rent$2,270
Est. payment standard (101%)Used$2,260
-Principal and interest-$1,385
Loan amount$219,135
Down payment$54,784
Rate6.50%
Term30 years
-Operating costs-$675
Property taxes-$274
Insurance-$175
Utilities$0
HOA$0
Management-$226
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$36,113(65.9% ROI)
Projected value
$294,980
Return breakdown
Property appreciation+$21,062
Loan principal paid down+$7,851
Rental cash flow+$7,200
5-year hold
+$61,996(113.2% ROI)
Projected value
$309,914
Return breakdown
Property appreciation+$35,995
Loan principal paid down+$14,001
Rental cash flow+$12,000
10-year hold
+$134,081(244.7% ROI)
Projected value
$350,639
Return breakdown
Property appreciation+$76,720
Loan principal paid down+$33,361
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.10
1 BR
1.01
2 BR
0.99
3 BR
1.04
4 BR
1.13
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 98292 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98292 (Stanwood, WA) is $2,240 a month. That is up 2.8% from $2,180 in FY 2026. Stanwood is in the Mount Vernon-Anacortes, WA MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 17 ZIP codes in Skagit County, 98292 has the highest two-bedroom rent (county range $1,550–$2,240). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98292 is 53% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98292
BedroomsFY 2027Change90–110% range
Studio$1,840+1.7%$1,656–$2,024
1BR$1,910+2.1%$1,719–$2,101
2BR$2,240+2.8%$2,016–$2,464
3BR$2,920+2.5%$2,628–$3,212
4BR$3,470+3.6%$3,123–$3,817

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98292
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,840$1,910$2,240$2,920$3,470
FY 2026$1,810$1,870$2,180$2,850$3,350
FY 2025$1,990$2,050$2,390$3,160$3,680
FY 2024$1,840$1,890$2,210$2,970$3,470
FY 2023$1,700$1,750$2,050$2,750$3,210

Two-bedroom rent in nearby Skagit County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98292
98237$1,620−27.7%
98238$1,550−30.8%
98241$1,950−12.9%
98255$1,700−24.1%
98257$1,550−30.8%
98263$1,700−24.1%
98267$1,550−30.8%
98273$1,550−30.8%
98274$1,930−13.8%
98283$1,620−27.7%
98284$1,700−24.1%
98292Current$2,240—

Questions about ZIP 98292 rents

How much will Section 8 pay for a two-bedroom in ZIP 98292?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,240, that basic range is $2,016 to $2,464 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 98292 in?

ZIP 98292 is in the Mount Vernon-Anacortes, WA MSA. 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 98292 for FY 2027?

The two-bedroom FMR rose 2.8%, from $2,180 in FY 2026 to $2,240 in FY 2027. Since FY 2023 it has risen 9.3%.

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