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Kitsap County/Bremerton/98311

98311

ZIPSAFMR
Kitsap County, WA
Zillow

ZIP Investment Score

74Below average

095130300
BRFMR
Eff. Rent
0 BR$1,410$1,550
1 BR$1,580$1,740
2 BR$2,030$2,070
3 BR$2,720$2,530
4 BR$2,890$2,770
5 BR$3,323Not available
6 BR$3,822Not available
7 BR$4,395Not available
8 BR$5,055Not available

Purchase Price Calculator

Maximum purchase price
$245,685

Cost breakdown

+Likely effective rent$2,070
HUD FMR$2,030
Market rent$2,090
Est. payment standard (102%)Used$2,070
-Principal and interest-$1,242
Loan amount$196,548
Down payment$49,137
Rate6.50%
Term30 years
-Operating costs-$628
Property taxes-$246
Insurance-$175
Utilities$0
HOA$0
Management-$207
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,133(67.4% ROI)
Projected value
$264,576
Return breakdown
Property appreciation+$18,891
Loan principal paid down+$7,042
Rental cash flow+$7,200
5-year hold
+$56,842(115.7% ROI)
Projected value
$277,970
Return breakdown
Property appreciation+$32,285
Loan principal paid down+$12,557
Rental cash flow+$12,000
10-year hold
+$122,735(249.8% ROI)
Projected value
$314,497
Return breakdown
Property appreciation+$68,812
Loan principal paid down+$29,922
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.81
1 BR
0.83
2 BR
0.97
3 BR
1.08
4 BR
1.04
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 98311 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98311 (Bremerton, WA) is $2,030 a month. That is down 2.4% from $2,080 in FY 2026. Bremerton is in the Bremerton-Silverdale-Port Orchard, 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 $1,967. Among 27 ZIP codes in Kitsap County, 98311 has the 10th-highest two-bedroom rent (county range $1,830–$2,860). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98311 is 38% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98311
BedroomsFY 2027Change90–110% range
Studio$1,410−1.4%$1,269–$1,551
1BR$1,580−0.6%$1,422–$1,738
2BR$2,030−2.4%$1,827–$2,233
3BR$2,720−0.7%$2,448–$2,992
4BR$2,890−4.0%$2,601–$3,179

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98311
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,410$1,580$2,030$2,720$2,890
FY 2026$1,430$1,590$2,080$2,740$3,010
FY 2025$1,460$1,620$2,130$2,780$3,200
FY 2024$1,450$1,630$2,140$2,820$3,320
FY 2023$1,320$1,510$1,970$2,650$3,180

Two-bedroom rent in nearby Kitsap County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98311
98310$1,860−8.4%
98311Current$2,030—
98312$1,880−7.4%
98314$2,770+36.5%
98315$2,540+25.1%
98322$1,970−3.0%
98329$2,130+4.9%
98337$1,830−9.9%
98340$2,580+27.1%
98342$1,830−9.9%
98345$2,370+16.7%
98346$1,830−9.9%

Questions about ZIP 98311 rents

How much will Section 8 pay for a two-bedroom in ZIP 98311?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,967, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,770 to $2,164 a month; under the ZIP-level Small Area FMR of $2,030 it would be $1,827 to $2,233. 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 98311 in?

ZIP 98311 is in the Bremerton-Silverdale-Port Orchard, WA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,967.

How much did fair market rent change in ZIP 98311 for FY 2027?

The two-bedroom FMR fell 2.4%, from $2,080 in FY 2026 to $2,030 in FY 2027. Since FY 2023 it has risen 3.0%.

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