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Klickitat County/Bingen/98605

98605

ZIPSAFMR
Klickitat County, WA
Zillow

ZIP Investment Score

86Below average

095130300
BRFMR
Eff. Rent
0 BR$1,420$1,560
1 BR$1,510$1,660
2 BR$1,730$1,900
3 BR$2,360$2,600
4 BR$2,800$2,880
5 BR$3,220Not available
6 BR$3,703Not available
7 BR$4,258Not available
8 BR$4,897Not available

Purchase Price Calculator

Maximum purchase price
$220,423

Cost breakdown

+Likely effective rent$1,900
HUD FMR$1,730
Market rent$2,190
Est. payment standard (110%)Used$1,900
-Principal and interest-$1,115
Loan amount$176,338
Down payment$44,085
Rate6.50%
Term30 years
-Operating costs-$585
Property taxes-$220
Insurance-$175
Utilities$0
HOA$0
Management-$190
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,466(69.1% ROI)
Projected value
$237,371
Return breakdown
Property appreciation+$16,948
Loan principal paid down+$6,318
Rental cash flow+$7,200
5-year hold
+$52,232(118.5% ROI)
Projected value
$249,388
Return breakdown
Property appreciation+$28,965
Loan principal paid down+$11,266
Rental cash flow+$12,000
10-year hold
+$112,583(255.4% ROI)
Projected value
$282,160
Return breakdown
Property appreciation+$61,737
Loan principal paid down+$26,846
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.72
1 BR
0.84
2 BR
0.79
3 BR
0.84
4 BR
0.96
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 98605 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98605 (Bingen, WA) is $1,730 a month. That is down 3.9% from $1,800 in FY 2026. Bingen is in the Klickitat 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 $1,447. Among 18 ZIP codes in Klickitat County, 98605 is tied for the highest two-bedroom rent (county range $1,210–$1,730). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98605 is 18% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98605
BedroomsFY 2027Change90–110% range
Studio$1,420−3.4%$1,278–$1,562
1BR$1,510−4.4%$1,359–$1,661
2BR$1,730−3.9%$1,557–$1,903
3BR$2,360−4.5%$2,124–$2,596
4BR$2,800−3.4%$2,520–$3,080

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98605
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,420$1,510$1,730$2,360$2,800
FY 2026$1,470$1,580$1,800$2,470$2,900
FY 2025$1,490$1,600$1,830$2,530$2,930
FY 2024$1,380$1,480$1,690$2,350$2,720
FY 2023$1,280$1,370$1,570$2,210$2,620

Two-bedroom rent in nearby Klickitat County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98605
98602$1,420−17.9%
98605Current$1,730—
98613$1,350−22.0%
98617$1,520−12.1%
98619$1,210−30.1%
98620$1,250−27.7%
98623$1,610−6.9%
98628$1,210−30.1%
98635$1,530−11.6%
98650$1,360−21.4%
98651$1,7300.0%
98670$1,210−30.1%

Questions about ZIP 98605 rents

How much will Section 8 pay for a two-bedroom in ZIP 98605?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,447, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,302 to $1,592 a month; under the ZIP-level Small Area FMR of $1,730 it would be $1,557 to $1,903. 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 98605 in?

ZIP 98605 is in the Klickitat County, WA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,447.

How much did fair market rent change in ZIP 98605 for FY 2027?

The two-bedroom FMR fell 3.9%, from $1,800 in FY 2026 to $1,730 in FY 2027. Since FY 2023 it has risen 10.2%.

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