FMR is below market; voucher rent may lag private rents.
0.72
1 BR
1 BR
0.80ratio
FMR$1,540
Market$1,920
vs market-$380
FMR is below market; voucher rent may lag private rents.
0.80
2 BR
2 BR
0.92ratio
FMR$1,970
Market$2,150
vs market-$180
FMR is near market; voucher and private rents are aligned.
0.92
3 BR
3 BR
1.00ratio
FMR$2,640
Market$2,650
vs market-$10
FMR is near market; voucher and private rents are aligned.
1.00
4 BR
4 BR
0.88ratio
FMR$2,810
Market$3,210
vs market-$400
FMR is below market; voucher rent may lag private rents.
0.88
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 98386 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98386 (Southworth, WA) is $1,970 a month. That is down 3.0% from $2,030 in FY 2026. Southworth 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, 98386 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 98386 is 34% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 98386
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 98386
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 2024
$1,390
$1,560
$2,050
$2,700
$3,180
FY 2023
$1,250
$1,430
$1,870
$2,510
$3,020
Two-bedroom rent in nearby Kitsap County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 98386?
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 98386 in?
ZIP 98386 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 98386 for FY 2027?
The two-bedroom FMR fell 3.0%, from $2,030 in FY 2026 to $1,970 in FY 2027. Since FY 2023 it has risen 5.3%.
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