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Grays Harbor County/Westport/98595

98595

ZIPSAFMR
Grays Harbor County, WA
Zillow

ZIP Investment Score

57Below average

095130300
BRFMR
Eff. Rent
0 BR$760$840
1 BR$840$920
2 BR$1,100$1,210
3 BR$1,530$1,680
4 BR$1,690$1,790
5 BR$1,943Not available
6 BR$2,235Not available
7 BR$2,570Not available
8 BR$2,956Not available

Purchase Price Calculator

Maximum purchase price
$117,889

Cost breakdown

+Likely effective rent$1,210
HUD FMR$1,100
Market rent$1,530
Est. payment standard (110%)Used$1,210
-Principal and interest-$596
Loan amount$94,311
Down payment$23,578
Rate6.50%
Term30 years
-Operating costs-$414
Property taxes-$118
Insurance-$175
Utilities$0
HOA$0
Management-$121
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,644(83.3% ROI)
Projected value
$126,954
Return breakdown
Property appreciation+$9,065
Loan principal paid down+$3,379
Rental cash flow+$7,200
5-year hold
+$33,517(142.2% ROI)
Projected value
$133,381
Return breakdown
Property appreciation+$15,492
Loan principal paid down+$6,026
Rental cash flow+$12,000
10-year hold
+$71,377(302.7% ROI)
Projected value
$150,908
Return breakdown
Property appreciation+$33,019
Loan principal paid down+$14,358
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.52
1 BR
0.55
2 BR
0.72
3 BR
0.85
4 BR
0.92
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 98595 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98595 (Westport, WA) is $1,100 a month. That is up 4.8% from $1,050 in FY 2026. Westport is in the Grays Harbor County, WA non-metropolitan 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 county-wide two-bedroom FMR of $1,345. Among 22 ZIP codes in Grays Harbor County, 98595 is tied for the 21st-highest two-bedroom rent (county range $1,100–$1,770). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98595 is 25% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98595
BedroomsFY 2027Change90–110% range
Studio$760+5.6%$684–$836
1BR$840+2.4%$756–$924
2BR$1,100+4.8%$990–$1,210
3BR$1,530+4.1%$1,377–$1,683
4BR$1,690+3.0%$1,521–$1,859

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98595
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$760$840$1,100$1,530$1,690
FY 2026$720$820$1,050$1,470$1,640
FY 2025$710$810$1,030$1,450$1,650
FY 2024area FMR$775$898$1,143$1,611$1,833
FY 2023area FMR$699$847$1,046$1,487$1,779

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Grays Harbor County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98595
98559$1,350+22.7%
98562$1,350+22.7%
98563$1,560+41.8%
98566$1,290+17.3%
98568$1,770+60.9%
98569$1,500+36.4%
98571$1,350+22.7%
98575$1,470+33.6%
98579$1,770+60.9%
98583$1,240+12.7%
98587$1,350+22.7%
98595Current$1,100—

Questions about ZIP 98595 rents

How much will Section 8 pay for a two-bedroom in ZIP 98595?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,345, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,211 to $1,480 a month; under the ZIP-level Small Area FMR of $1,100 it would be $990 to $1,210. 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 98595 in?

ZIP 98595 is in the Grays Harbor County, WA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,345.

How much did fair market rent change in ZIP 98595 for FY 2027?

The two-bedroom FMR rose 4.8%, from $1,050 in FY 2026 to $1,100 in FY 2027. Since FY 2025 it has risen 6.8%.

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