Clark County/Vancouver/98662

98662

ZIPSAFMR

Clark County, WA

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ZIP Investment Score

82Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,560	$1,480	-3.9%
1 BR	$1,670	$1,550	-4.2%
2 BR	$1,920	$2,110	-3.9%
3 BR	$2,610	$2,490	-4.5%
4 BR	$3,140	$2,930	-3.3%
5 BR	$3,611	Not available	-3.3%
6 BR	$4,153	Not available	-3.3%
7 BR	$4,776	Not available	-3.3%
8 BR	$5,492	Not available	-3.3%

Purchase Price Calculator

Maximum purchase price

$251,629

Cost breakdown

+Likely effective rent$2,110

HUD FMR$1,920

Market rent$2,370

Est. payment standard (110%)Used$2,110

-Principal and interest-$1,272

Loan amount$201,303

Down payment$50,326

Rate6.50%

Term30 years

-Operating costs-$638

Property taxes-$252

Insurance-$175

Utilities$0

HOA$0

Management-$211

=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

+$33,760(67.1% ROI)

Projected value

$270,977

Return breakdown

Property appreciation+$19,348

Loan principal paid down+$7,212

Rental cash flow+$7,200

5-year hold

+$57,927(115.1% ROI)

Projected value

$284,695

Return breakdown

Property appreciation+$33,066

Loan principal paid down+$12,861

Rental cash flow+$12,000

10-year hold

+$125,123(248.6% ROI)

Projected value

$322,106

Return breakdown

Property appreciation+$70,477

Loan principal paid down+$30,646

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.05ratio

FMR$1,560

Market$1,480

vs market+$80

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

1.05

1 BR

1.08ratio

FMR$1,670

Market$1,550

vs market+$120

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

1.08

2 BR

0.81ratio

FMR$1,920

Market$2,370

vs market-$450

FMR is below market; voucher rent may lag private rents.

0.81

3 BR

1.05ratio

FMR$2,610

Market$2,490

vs market+$120

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

1.05

4 BR

1.07ratio

FMR$3,140

Market$2,930

vs market+$210

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

1.07

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 98662 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98662 (Vancouver, WA) is $1,920 a month. That is down 3.0% from $1,980 in FY 2026. Vancouver is in the Portland-Vancouver-Hillsboro, OR-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 $1,878. Among 24 ZIP codes in Clark County, 98662 is tied for the 9th-highest two-bedroom rent (county range $1,730–$2,250). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98662 is 31% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98662
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,620	$1,560	−3.7%	$1,404–$1,716
1BR	$1,730	$1,670	−3.5%	$1,503–$1,837
2BR	$1,980	$1,920	−3.0%	$1,728–$2,112
3BR	$2,700	$2,610	−3.3%	$2,349–$2,871
4BR	$3,200	$3,140	−1.9%	$2,826–$3,454

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98662
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,560	$1,670	$1,920	$2,610	$3,140
FY 2026	$1,620	$1,730	$1,980	$2,700	$3,200
FY 2025	$1,710	$1,840	$2,100	$2,880	$3,380
FY 2024	$1,760	$1,900	$2,160	$3,000	$3,470
FY 2023	$1,580	$1,700	$1,940	$2,720	$3,160

Two-bedroom rent in nearby Clark County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 98662
98642	$2,250	+17.2%
98660	$1,730	−9.9%
98661	$1,730	−9.9%
98662Current	$1,920	—
98663	$1,780	−7.3%
98664	$1,820	−5.2%
98665	$1,920	0.0%
98666	$1,890	−1.6%
98668	$1,890	−1.6%
98671	$1,780	−7.3%
98674	$1,760	−8.3%
98675	$2,020	+5.2%

Questions about ZIP 98662 rents

How much will Section 8 pay for a two-bedroom in ZIP 98662?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,878, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,690 to $2,066 a month; under the ZIP-level Small Area FMR of $1,920 it would be $1,728 to $2,112. 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 98662 in?

ZIP 98662 is in the Portland-Vancouver-Hillsboro, OR-WA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,878.

How much did fair market rent change in ZIP 98662 for FY 2027?

The two-bedroom FMR fell 3.0%, from $1,980 in FY 2026 to $1,920 in FY 2027. Since FY 2023 it has fallen 1.0%.

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

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