98558

ZIPSAFMR

Pierce County, WA

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,540	$1,640	-0.4%
1 BR	$1,710	$1,550	-1.1%
2 BR	$2,080	$2,180	-0.9%
3 BR	$2,850	$2,430	-1.8%
4 BR	$3,270	$2,850	-2.5%
5 BR	$3,760	Not available	-2.5%
6 BR	$4,325	Not available	-2.5%
7 BR	$4,973	Not available	-2.5%
8 BR	$5,719	Not available	-2.5%

Purchase Price Calculator

Maximum purchase price

$262,031

Cost breakdown

+Likely effective rent$2,180

HUD FMR$2,080

Market rent$2,230

Est. payment standard (105%)Used$2,180

-Principal and interest-$1,325

Loan amount$209,624

Down payment$52,406

Rate6.50%

Term30 years

-Operating costs-$655

Property taxes-$262

Insurance-$175

Utilities$0

HOA$0

Management-$218

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$34,858(66.5% ROI)

Projected value

$282,178

Return breakdown

Property appreciation+$20,148

Loan principal paid down+$7,510

Rental cash flow+$7,200

5-year hold

+$59,826(114.2% ROI)

Projected value

$296,464

Return breakdown

Property appreciation+$34,433

Loan principal paid down+$13,393

Rental cash flow+$12,000

10-year hold

+$129,304(246.7% ROI)

Projected value

$335,421

Return breakdown

Property appreciation+$73,391

Loan principal paid down+$31,913

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.91ratio

FMR$1,540

Market$1,690

vs market-$150

FMR is near market; voucher and private rents are aligned.

0.91

1 BR

1.10ratio

FMR$1,710

Market$1,550

vs market+$160

FMR is above market; underwrite to market rent.

1.10

2 BR

0.93ratio

FMR$2,080

Market$2,230

vs market-$150

FMR is near market; voucher and private rents are aligned.

0.93

3 BR

1.17ratio

FMR$2,850

Market$2,430

vs market+$420

FMR is above market; underwrite to market rent.

1.17

4 BR

1.15ratio

FMR$3,270

Market$2,850

vs market+$420

FMR is above market; underwrite to market rent.

1.15

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: --

ZIP 98558 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98558 (McKenna, WA) is $2,080 a month. That is down 5.0% from $2,190 in FY 2026. McKenna is in the Tacoma, WA HUD Metro FMR Area. 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 $2,064. Among 76 ZIP codes in Pierce County, 98558 has the 31st-highest two-bedroom rent (county range $1,780–$2,770). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98558 is 42% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98558
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,610	$1,540	−4.3%	$1,386–$1,694
1BR	$1,800	$1,710	−5.0%	$1,539–$1,881
2BR	$2,190	$2,080	−5.0%	$1,872–$2,288
3BR	$3,010	$2,850	−5.3%	$2,565–$3,135
4BR	$3,480	$3,270	−6.0%	$2,943–$3,597

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98558
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,540	$1,710	$2,080	$2,850	$3,270
FY 2026	$1,610	$1,800	$2,190	$3,010	$3,480
FY 2025	$1,720	$1,950	$2,380	$3,330	$3,840
FY 2024	$1,560	$1,770	$2,140	$3,010	$3,530
FY 2023	$1,170	$1,310	$1,640	$2,330	$2,730

Two-bedroom rent in nearby Pierce County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 98558
98448	$2,060	−1.0%
98464	$2,060	−1.0%
98465	$1,790	−13.9%
98466	$2,070	−0.5%
98467	$1,880	−9.6%
98490	$2,060	−1.0%
98496	$2,060	−1.0%
98498	$1,870	−10.1%
98499	$1,830	−12.0%
98528	$1,830	−12.0%
98558Current	$2,080	—
98580	$2,140	+2.9%

Questions about ZIP 98558 rents

How much will Section 8 pay for a two-bedroom in ZIP 98558?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,064, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,858 to $2,270 a month; under the ZIP-level Small Area FMR of $2,080 it would be $1,872 to $2,288. 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 98558 in?

ZIP 98558 is in the Tacoma, WA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,064.

How much did fair market rent change in ZIP 98558 for FY 2027?

The two-bedroom FMR fell 5.0%, from $2,190 in FY 2026 to $2,080 in FY 2027. Since FY 2023 it has risen 26.8%.

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 rent McKenna, WA fair market rent WA statewide rents What is SAFMR?Data sources