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98623

ZIPSAFMR
Klickitat County, WA
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,120$1,120
1 BR$1,230$1,230
2 BR$1,610$1,610
3 BR$2,100$2,100
4 BR$2,190$2,190
5 BR$2,519Not available
6 BR$2,896Not available
7 BR$3,331Not available
8 BR$3,830Not available

Purchase Price Calculator

Maximum purchase price
$177,329

Cost breakdown

+Likely effective rent$1,610
HUD FMRUsed$1,610
Market rentN/A
Est. payment standardN/A
-Principal and interest-$897
Loan amount$141,863
Down payment$35,466
Rate6.50%
Term30 years
-Operating costs-$513
Property taxes-$177
Insurance-$175
Utilities$0
HOA$0
Management-$161
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,918(73.1% ROI)
Projected value
$190,964
Return breakdown
Property appreciation+$13,635
Loan principal paid down+$5,083
Rental cash flow+$7,200
5-year hold
+$44,366(125.1% ROI)
Projected value
$200,631
Return breakdown
Property appreciation+$23,302
Loan principal paid down+$9,064
Rental cash flow+$12,000
10-year hold
+$95,264(268.6% ROI)
Projected value
$226,996
Return breakdown
Property appreciation+$49,667
Loan principal paid down+$21,597
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

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 98623 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98623 (Husum, WA) is $1,610 a month. That is up 6.6% from $1,510 in FY 2026. Husum 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, 98623 has the 4th-highest two-bedroom rent (county range $1,210–$1,730). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98623 is 10% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98623
BedroomsFY 2027Change90–110% range
Studio$1,120+6.7%$1,008–$1,232
1BR$1,230+6.0%$1,107–$1,353
2BR$1,610+6.6%$1,449–$1,771
3BR$2,100+15.4%$1,890–$2,310
4BR$2,190+5.8%$1,971–$2,409

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98623
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,120$1,230$1,610$2,100$2,190
FY 2026$1,050$1,160$1,510$1,820$2,070
FY 2025$970$1,080$1,410$1,710$2,010
FY 2024area FMR$836$939$1,234$1,492$1,702
FY 2023area FMR$873$878$1,139$1,415$1,569

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

Two-bedroom rent in nearby Klickitat County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98623
98602$1,420−11.8%
98605$1,730+7.5%
98613$1,350−16.1%
98617$1,520−5.6%
98619$1,210−24.8%
98620$1,250−22.4%
98623Current$1,610—
98628$1,210−24.8%
98635$1,530−5.0%
98650$1,360−15.5%
98651$1,730+7.5%
98670$1,210−24.8%

Questions about ZIP 98623 rents

How much will Section 8 pay for a two-bedroom in ZIP 98623?

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 $1,610 it would be $1,449 to $1,771. 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 98623 in?

ZIP 98623 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 98623 for FY 2027?

The two-bedroom FMR rose 6.6%, from $1,510 in FY 2026 to $1,610 in FY 2027. Since FY 2025 it has risen 14.2%.

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