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Pierce County/Gig Harbor/98329

98329

ZIPSAFMR
Pierce County, WA
Zillow

ZIP Investment Score

64Below average

095130300
BRFMR
Eff. Rent
0 BR$1,540$1,690
1 BR$1,730$1,900
2 BR$2,130$2,330
3 BR$2,930$2,640
4 BR$3,310$3,520
5 BR$3,806Not available
6 BR$4,377Not available
7 BR$5,034Not available
8 BR$5,789Not available

Purchase Price Calculator

Maximum purchase price
$284,321

Cost breakdown

+Likely effective rent$2,330
HUD FMR$2,130
Market rent$2,430
Est. payment standard (109%)Used$2,330
-Principal and interest-$1,438
Loan amount$227,456
Down payment$56,864
Rate6.50%
Term30 years
-Operating costs-$692
Property taxes-$284
Insurance-$175
Utilities$0
HOA$0
Management-$233
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,211(65.4% ROI)
Projected value
$306,182
Return breakdown
Property appreciation+$21,862
Loan principal paid down+$8,149
Rental cash flow+$7,200
5-year hold
+$63,894(112.4% ROI)
Projected value
$321,683
Return breakdown
Property appreciation+$37,362
Loan principal paid down+$14,532
Rental cash flow+$12,000
10-year hold
+$138,261(243.1% ROI)
Projected value
$363,954
Return breakdown
Property appreciation+$79,634
Loan principal paid down+$34,628
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.69
1 BR
0.78
2 BR
0.88
3 BR
1.11
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 98329 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98329 (Gig Harbor, WA) is $2,130 a month. That is up 5.4% from $2,020 in FY 2026. Gig Harbor 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, 98329 is tied for the 28th-highest two-bedroom rent (county range $1,780–$2,770). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98329 is 45% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98329
BedroomsFY 2027Change90–110% range
Studio$1,540+5.5%$1,386–$1,694
1BR$1,730+5.5%$1,557–$1,903
2BR$2,130+5.4%$1,917–$2,343
3BR$2,930+4.6%$2,637–$3,223
4BR$3,310+4.4%$2,979–$3,641

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98329
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,540$1,730$2,130$2,930$3,310
FY 2026$1,460$1,640$2,020$2,800$3,170
FY 2025$1,530$1,730$2,130$2,980$3,410
FY 2024$1,450$1,620$2,010$2,830$3,270
FY 2023$1,210$1,350$1,690$2,400$2,820

Two-bedroom rent in nearby Pierce County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98329
98321$2,090−1.9%
98323$1,880−11.7%
98327$2,630+23.5%
98328$1,780−16.4%
98329Current$2,130—
98330$2,060−3.3%
98332$2,770+30.0%
98333$2,620+23.0%
98335$2,360+10.8%
98338$2,250+5.6%
98344$2,060−3.3%
98349$1,960−8.0%

Questions about ZIP 98329 rents

How much will Section 8 pay for a two-bedroom in ZIP 98329?

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 $2,130 it would be $1,917 to $2,343. 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 98329 in?

ZIP 98329 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 98329 for FY 2027?

The two-bedroom FMR rose 5.4%, from $2,020 in FY 2026 to $2,130 in FY 2027. Since FY 2023 it has risen 26.0%.

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