For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98314 (Bremerton, WA) is $2,770 a month. That is down 3.5% from $2,870 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, 98314 has the 2nd-highest two-bedroom rent (county range $1,830–$2,860). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98314 is 89% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 98314
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,980
$1,930
−2.5%
$1,737–$2,123
1BR
$2,190
$2,160
−1.4%
$1,944–$2,376
2BR
$2,870
$2,770
−3.5%
$2,493–$3,047
3BR
$3,780
$3,710
−1.9%
$3,339–$4,081
4BR
$4,160
$3,950
−5.0%
$3,555–$4,345
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 98314
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,930
$2,160
$2,770
$3,710
$3,950
FY 2026
$1,980
$2,190
$2,870
$3,780
$4,160
FY 2025
$1,930
$2,140
$2,810
$3,670
$4,220
FY 2024
$1,200
$1,350
$1,780
$2,340
$2,760
FY 2023
$1,100
$1,260
$1,640
$2,210
$2,650
Two-bedroom rent in nearby Kitsap County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 98314?
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 $2,770 it would be $2,493 to $3,047. 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 98314 in?
ZIP 98314 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 98314 for FY 2027?
The two-bedroom FMR fell 3.5%, from $2,870 in FY 2026 to $2,770 in FY 2027. Since FY 2023 it has risen 68.9%.
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