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Kitsap County/Hansville/98340

98340

ZIPSAFMR
Kitsap County, WA
Zillow

ZIP Investment Score

65Below average

095130300
BRFMR
Eff. Rent
0 BR$1,800$1,800
1 BR$2,010$2,010
2 BR$2,580$2,580
3 BR$3,460$3,460
4 BR$3,680$3,680
5 BR$4,232Not available
6 BR$4,867Not available
7 BR$5,597Not available
8 BR$6,436Not available

Purchase Price Calculator

Maximum purchase price
$321,470

Cost breakdown

+Likely effective rent$2,580
HUD FMRUsed$2,580
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,626
Loan amount$257,176
Down payment$64,294
Rate6.50%
Term30 years
-Operating costs-$754
Property taxes-$321
Insurance-$175
Utilities$0
HOA$0
Management-$258
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$41,132(64.0% ROI)
Projected value
$346,189
Return breakdown
Property appreciation+$24,718
Loan principal paid down+$9,214
Rental cash flow+$7,200
5-year hold
+$70,675(109.9% ROI)
Projected value
$363,714
Return breakdown
Property appreciation+$42,244
Loan principal paid down+$16,431
Rental cash flow+$12,000
10-year hold
+$153,191(238.3% ROI)
Projected value
$411,509
Return breakdown
Property appreciation+$90,039
Loan principal paid down+$39,152
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 98340 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98340 (Hansville, WA) is $2,580 a month. That is up 2.0% from $2,530 in FY 2026. Hansville 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, 98340 has the 3rd-highest two-bedroom rent (county range $1,830–$2,860). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98340 is 76% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98340
BedroomsFY 2027Change90–110% range
Studio$1,800+3.4%$1,620–$1,980
1BR$2,010+4.1%$1,809–$2,211
2BR$2,580+2.0%$2,322–$2,838
3BR$3,460+3.9%$3,114–$3,806
4BR$3,680+0.5%$3,312–$4,048

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98340
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,800$2,010$2,580$3,460$3,680
FY 2026$1,740$1,930$2,530$3,330$3,660
FY 2025$1,730$1,930$2,530$3,300$3,800
FY 2024$1,430$1,610$2,110$2,780$3,280
FY 2023$1,110$1,270$1,660$2,230$2,680

Two-bedroom rent in nearby Kitsap County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98340
98314$2,770+7.4%
98315$2,540−1.6%
98322$1,970−23.6%
98329$2,130−17.4%
98337$1,830−29.1%
98340Current$2,580—
98342$1,830−29.1%
98345$2,370−8.1%
98346$1,830−29.1%
98353$1,970−23.6%
98359$1,830−29.1%
98364$1,970−23.6%

Questions about ZIP 98340 rents

How much will Section 8 pay for a two-bedroom in ZIP 98340?

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 $2,580 it would be $2,322 to $2,838. 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 98340 in?

ZIP 98340 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 98340 for FY 2027?

The two-bedroom FMR rose 2.0%, from $2,530 in FY 2026 to $2,580 in FY 2027. Since FY 2023 it has risen 55.4%.

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