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Kitsap County/Keyport/98345

98345

ZIPSAFMR
Kitsap County, WA
Zillow

ZIP Investment Score

63Below average

095130300
BRFMR
Eff. Rent
0 BR$1,650$1,820
1 BR$1,850$1,860
2 BR$2,370$2,300
3 BR$3,180$2,720
4 BR$3,380$3,190
5 BR$3,887Not available
6 BR$4,470Not available
7 BR$5,141Not available
8 BR$5,912Not available

Purchase Price Calculator

Maximum purchase price
$279,863

Cost breakdown

+Likely effective rent$2,300
HUD FMR$2,370
Market rentUsed$2,300
Est. payment standard (98%)$2,320
-Principal and interest-$1,415
Loan amount$223,890
Down payment$55,973
Rate6.50%
Term30 years
-Operating costs-$685
Property taxes-$280
Insurance-$175
Utilities$0
HOA$0
Management-$230
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$36,740(65.6% ROI)
Projected value
$301,381
Return breakdown
Property appreciation+$21,519
Loan principal paid down+$8,021
Rental cash flow+$7,200
5-year hold
+$63,081(112.7% ROI)
Projected value
$316,639
Return breakdown
Property appreciation+$36,776
Loan principal paid down+$14,304
Rental cash flow+$12,000
10-year hold
+$136,470(243.8% ROI)
Projected value
$358,248
Return breakdown
Property appreciation+$78,385
Loan principal paid down+$34,085
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.84
1 BR
0.99
2 BR
1.03
3 BR
1.17
4 BR
1.06
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 98345 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98345 (Keyport, WA) is $2,370 a month. That is up 17.9% from $2,010 in FY 2026. Keyport 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, 98345 has the 6th-highest two-bedroom rent (county range $1,830–$2,860). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98345 is 62% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98345
BedroomsFY 2027Change90–110% range
Studio$1,650+19.6%$1,485–$1,815
1BR$1,850+20.9%$1,665–$2,035
2BR$2,370+17.9%$2,133–$2,607
3BR$3,180+21.4%$2,862–$3,498
4BR$3,380+11.9%$3,042–$3,718

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98345
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,650$1,850$2,370$3,180$3,380
FY 2026$1,380$1,530$2,010$2,620$3,020
FY 2025$1,530$1,700$2,230$2,910$3,350
FY 2024$1,550$1,740$2,280$3,000$3,540
FY 2023$1,390$1,590$2,080$2,790$3,360

Two-bedroom rent in nearby Kitsap County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98345
98322$1,970−16.9%
98329$2,130−10.1%
98337$1,830−22.8%
98340$2,580+8.9%
98342$1,830−22.8%
98345Current$2,370—
98346$1,830−22.8%
98353$1,970−16.9%
98359$1,830−22.8%
98364$1,970−16.9%
98366$1,900−19.8%
98367$2,020−14.8%

Questions about ZIP 98345 rents

How much will Section 8 pay for a two-bedroom in ZIP 98345?

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 $2,370 it would be $2,133 to $2,607. 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 98345 in?

ZIP 98345 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 98345 for FY 2027?

The two-bedroom FMR rose 17.9%, from $2,010 in FY 2026 to $2,370 in FY 2027. Since FY 2023 it has risen 13.9%.

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

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