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Pierce County/Buckley/98321

98321

ZIPSAFMR
Pierce County, WA
Zillow

ZIP Investment Score

53Below average

095130300
BRFMR
Eff. Rent
0 BR$1,510$1,660
1 BR$1,700$1,850
2 BR$2,090$2,230
3 BR$2,880$2,720
4 BR$3,260$3,120
5 BR$3,749Not available
6 BR$4,311Not available
7 BR$4,958Not available
8 BR$5,702Not available

Purchase Price Calculator

Maximum purchase price
$269,461

Cost breakdown

+Likely effective rent$2,230
HUD FMR$2,090
Market rent$2,310
Est. payment standard (107%)Used$2,230
-Principal and interest-$1,363
Loan amount$215,568
Down payment$53,892
Rate6.50%
Term30 years
-Operating costs-$667
Property taxes-$269
Insurance-$175
Utilities$0
HOA$0
Management-$223
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,642(66.1% ROI)
Projected value
$290,180
Return breakdown
Property appreciation+$20,719
Loan principal paid down+$7,723
Rental cash flow+$7,200
5-year hold
+$61,182(113.5% ROI)
Projected value
$304,870
Return breakdown
Property appreciation+$35,409
Loan principal paid down+$13,773
Rental cash flow+$12,000
10-year hold
+$132,290(245.5% ROI)
Projected value
$344,932
Return breakdown
Property appreciation+$75,472
Loan principal paid down+$32,818
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.74
1 BR
0.88
2 BR
0.90
3 BR
1.06
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 98321 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98321 (Buckley, WA) is $2,090 a month. That is up 5.0% from $1,990 in FY 2026. Buckley is in the Tacoma, WA HUD Metro 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 metro-wide two-bedroom FMR of $2,064. Among 76 ZIP codes in Pierce County, 98321 has the 30th-highest two-bedroom rent (county range $1,780–$2,770). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98321 is 42% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98321
BedroomsFY 2027Change90–110% range
Studio$1,510+4.9%$1,359–$1,661
1BR$1,700+4.9%$1,530–$1,870
2BR$2,090+5.0%$1,881–$2,299
3BR$2,880+4.3%$2,592–$3,168
4BR$3,260+4.2%$2,934–$3,586

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98321
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,510$1,700$2,090$2,880$3,260
FY 2026$1,440$1,620$1,990$2,760$3,130
FY 2025$1,500$1,690$2,080$2,910$3,330
FY 2024$1,450$1,630$2,020$2,850$3,290
FY 2023$1,240$1,380$1,730$2,460$2,880

Two-bedroom rent in nearby Pierce County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98321
98303$2,230+6.7%
98304$1,780−14.8%
98321Current$2,090—
98323$1,880−10.0%
98327$2,630+25.8%
98328$1,780−14.8%
98329$2,130+1.9%
98330$2,060−1.4%
98332$2,770+32.5%
98333$2,620+25.4%
98335$2,360+12.9%
98338$2,250+7.7%

Questions about ZIP 98321 rents

How much will Section 8 pay for a two-bedroom in ZIP 98321?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,064, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,858 to $2,270 a month; under the ZIP-level Small Area FMR of $2,090 it would be $1,881 to $2,299. 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 98321 in?

ZIP 98321 is in the Tacoma, WA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,064.

How much did fair market rent change in ZIP 98321 for FY 2027?

The two-bedroom FMR rose 5.0%, from $1,990 in FY 2026 to $2,090 in FY 2027. Since FY 2023 it has risen 20.8%.

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