FMR is near market; voucher and private rents are aligned.
0.93
1 BR
1 BR
0.87ratio
FMR$1,540
Market$1,780
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.87
2 BR
2 BR
0.91ratio
FMR$1,970
Market$2,160
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.91
3 BR
3 BR
1.03ratio
FMR$2,640
Market$2,560
vs market+$80
FMR is near market; voucher and private rents are aligned.
1.03
4 BR
4 BR
0.93ratio
FMR$2,810
Market$3,010
vs market-$200
FMR is near market; voucher and private rents are aligned.
0.93
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 98384 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98384 (South Colby, WA) is $1,970 a month. That is down 3.0% from $2,030 in FY 2026. South Colby 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, 98384 is tied for the 12th-highest two-bedroom rent (county range $1,830–$2,860). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98384 is 34% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 98384
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,400
$1,370
−2.1%
$1,233–$1,507
1BR
$1,550
$1,540
−0.6%
$1,386–$1,694
2BR
$2,030
$1,970
−3.0%
$1,773–$2,167
3BR
$2,670
$2,640
−1.1%
$2,376–$2,904
4BR
$2,940
$2,810
−4.4%
$2,529–$3,091
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 98384
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,370
$1,540
$1,970
$2,640
$2,810
FY 2026
$1,400
$1,550
$2,030
$2,670
$2,940
FY 2025
$1,410
$1,570
$2,060
$2,690
$3,090
FY 2024area FMR
$1,389
$1,559
$2,049
$2,698
$3,181
FY 2023area FMR
$1,252
$1,431
$1,872
$2,515
$3,026
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Kitsap County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 98384?
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 $1,970 it would be $1,773 to $2,167. 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 98384 in?
ZIP 98384 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 98384 for FY 2027?
The two-bedroom FMR fell 3.0%, from $2,030 in FY 2026 to $1,970 in FY 2027. Since FY 2025 it has fallen 4.4%.
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