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
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Mortgage rate
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ZIP 98556 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98556 (Littlerock, WA) is $1,980 a month. That is down 0.5% from $1,990 in FY 2026. Littlerock is in the Olympia-Lacey-Tumwater, 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 $1,946. Among 21 ZIP codes in Thurston County, 98556 is tied for the 3rd-highest two-bedroom rent (county range $1,770–$2,280). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98556 is 35% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 98556
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,560
$1,610
+3.2%
$1,449–$1,771
1BR
$1,710
$1,690
−1.2%
$1,521–$1,859
2BR
$1,990
$1,980
−0.5%
$1,782–$2,178
3BR
$2,650
$2,590
−2.3%
$2,331–$2,849
4BR
$3,340
$3,200
−4.2%
$2,880–$3,520
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 98556
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,610
$1,690
$1,980
$2,590
$3,200
FY 2026
$1,560
$1,710
$1,990
$2,650
$3,340
FY 2025
$1,420
$1,620
$1,880
$2,580
$3,160
FY 2024
$1,340
$1,550
$1,800
$2,530
$3,050
FY 2023area FMR
$1,127
$1,245
$1,456
$2,069
$2,480
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Thurston County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 98556?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,946, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,751 to $2,141 a month; under the ZIP-level Small Area FMR of $1,980 it would be $1,782 to $2,178. 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 98556 in?
ZIP 98556 is in the Olympia-Lacey-Tumwater, WA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,946.
How much did fair market rent change in ZIP 98556 for FY 2027?
The two-bedroom FMR fell 0.5%, from $1,990 in FY 2026 to $1,980 in FY 2027. Since FY 2024 it has risen 10.0%.
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