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Kitsap County/Bremerton/98337

98337

ZIPSAFMR
Kitsap County, WA
Zillow

ZIP Investment Score

85Below average

095130300
BRFMR
Eff. Rent
0 BR$1,260$1,330
1 BR$1,400$1,470
2 BR$1,830$1,830
3 BR$2,410$2,370
4 BR$2,650$2,530
5 BR$3,047Not available
6 BR$3,505Not available
7 BR$4,030Not available
8 BR$4,635Not available

Purchase Price Calculator

Maximum purchase price
$210,021

Cost breakdown

+Likely effective rent$1,830
HUD FMR$1,830
Market rent$1,830
Est. payment standard (100%)Used$1,830
-Principal and interest-$1,062
Loan amount$168,017
Down payment$42,004
Rate6.50%
Term30 years
-Operating costs-$568
Property taxes-$210
Insurance-$175
Utilities$0
HOA$0
Management-$183
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,368(69.9% ROI)
Projected value
$226,169
Return breakdown
Property appreciation+$16,149
Loan principal paid down+$6,020
Rental cash flow+$7,200
5-year hold
+$50,333(119.8% ROI)
Projected value
$237,619
Return breakdown
Property appreciation+$27,598
Loan principal paid down+$10,735
Rental cash flow+$12,000
10-year hold
+$108,402(258.1% ROI)
Projected value
$268,844
Return breakdown
Property appreciation+$58,824
Loan principal paid down+$25,579
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.93
1 BR
0.93
2 BR
1.00
3 BR
1.02
4 BR
1.05
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 98337 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98337 (Bremerton, WA) is $1,830 a month. That is down 1.6% from $1,860 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, 98337 is tied for the 22nd-highest two-bedroom rent (county range $1,830–$2,860). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98337 is 25% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98337
BedroomsFY 2027Change90–110% range
Studio$1,260−0.8%$1,134–$1,386
1BR$1,400−1.4%$1,260–$1,540
2BR$1,830−1.6%$1,647–$2,013
3BR$2,410−0.4%$2,169–$2,651
4BR$2,650−5.0%$2,385–$2,915

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98337
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,260$1,400$1,830$2,410$2,650
FY 2026$1,270$1,420$1,860$2,420$2,790
FY 2025$1,260$1,410$1,850$2,430$2,870
FY 2024$1,130$1,290$1,690$2,270$2,730
FY 2023$1,060$1,240$1,590$2,200$2,620

Two-bedroom rent in nearby Kitsap County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98337
98312$1,880+2.7%
98314$2,770+51.4%
98315$2,540+38.8%
98322$1,970+7.7%
98329$2,130+16.4%
98337Current$1,830—
98340$2,580+41.0%
98342$1,8300.0%
98345$2,370+29.5%
98346$1,8300.0%
98353$1,970+7.7%
98359$1,8300.0%

Questions about ZIP 98337 rents

How much will Section 8 pay for a two-bedroom in ZIP 98337?

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 $1,830 it would be $1,647 to $2,013. 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 98337 in?

ZIP 98337 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 98337 for FY 2027?

The two-bedroom FMR fell 1.6%, from $1,860 in FY 2026 to $1,830 in FY 2027. Since FY 2023 it has risen 15.1%.

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