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Pierce County/Tacoma/98422

98422

ZIPSAFMR
Pierce County, WA
Zillow

ZIP Investment Score

65Below average

095130300
BRFMR
Eff. Rent
0 BR$1,810$1,260
1 BR$2,040$1,600
2 BR$2,500$2,540
3 BR$3,450$2,740
4 BR$3,900$3,320
5 BR$4,485Not available
6 BR$5,158Not available
7 BR$5,931Not available
8 BR$6,821Not available

Purchase Price Calculator

Maximum purchase price
$315,526

Cost breakdown

+Likely effective rent$2,540
HUD FMR$2,500
Market rent$2,560
Est. payment standard (102%)Used$2,540
-Principal and interest-$1,595
Loan amount$252,421
Down payment$63,105
Rate6.50%
Term30 years
-Operating costs-$745
Property taxes-$316
Insurance-$175
Utilities$0
HOA$0
Management-$254
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,505(64.2% ROI)
Projected value
$339,787
Return breakdown
Property appreciation+$24,261
Loan principal paid down+$9,044
Rental cash flow+$7,200
5-year hold
+$69,590(110.3% ROI)
Projected value
$356,989
Return breakdown
Property appreciation+$41,463
Loan principal paid down+$16,127
Rental cash flow+$12,000
10-year hold
+$150,802(239.0% ROI)
Projected value
$403,901
Return breakdown
Property appreciation+$88,374
Loan principal paid down+$38,428
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.44
1 BR
1.27
2 BR
0.98
3 BR
1.26
4 BR
1.17
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 98422 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98422 (Tacoma, WA) is $2,500 a month. That is up 3.3% from $2,420 in FY 2026. Tacoma is in the Tacoma, WA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 76 ZIP codes in Pierce County, 98422 has the 8th-highest two-bedroom rent (county range $1,780–$2,770). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98422 is 70% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98422
BedroomsFY 2027Change90–110% range
Studio$1,810+0.6%$1,629–$1,991
1BR$2,040+3.6%$1,836–$2,244
2BR$2,500+3.3%$2,250–$2,750
3BR$3,450+2.7%$3,105–$3,795
4BR$3,900+2.4%$3,510–$4,290

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98422
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,810$2,040$2,500$3,450$3,900
FY 2026$1,800$1,970$2,420$3,360$3,810
FY 2025$1,990$2,080$2,560$3,590$4,100
FY 2024$1,840$2,030$2,510$3,540$4,090
FY 2023$1,510$1,570$1,970$2,800$3,280

Two-bedroom rent in nearby Pierce County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98422
98409$1,990−20.4%
98411$2,060−17.6%
98413$2,060−17.6%
98416$2,070−17.2%
98417$2,060−17.6%
98418$1,900−24.0%
98419$2,060−17.6%
98421$1,870−25.2%
98422Current$2,500—
98424$2,160−13.6%
98430$2,150−14.0%
98433$2,260−9.6%

Questions about ZIP 98422 rents

How much will Section 8 pay for a two-bedroom in ZIP 98422?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,500, that basic range is $2,250 to $2,750 a month. 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 98422 in?

ZIP 98422 is in the Tacoma, WA HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 98422 for FY 2027?

The two-bedroom FMR rose 3.3%, from $2,420 in FY 2026 to $2,500 in FY 2027. Since FY 2023 it has risen 26.9%.

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