Clark County/Vancouver/98664

98664

ZIPSAFMR

Clark County, WA

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ZIP Investment Score

79Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,480	$1,360	-2.2%
1 BR	$1,580	$1,490	-2.4%
2 BR	$1,820	$1,720	-2.1%
3 BR	$2,470	$2,430	-2.8%
4 BR	$2,970	$2,860	-1.6%
5 BR	$3,415	Not available	-1.6%
6 BR	$3,928	Not available	-1.6%
7 BR	$4,517	Not available	-1.6%
8 BR	$5,195	Not available	-1.6%

Purchase Price Calculator

Maximum purchase price

$193,675

Cost breakdown

+Likely effective rent$1,720

HUD FMR$1,820

Market rentUsed$1,720

Est. payment standard (96%)$1,760

-Principal and interest-$979

Loan amount$154,940

Down payment$38,735

Rate6.50%

Term30 years

-Operating costs-$541

Property taxes-$194

Insurance-$175

Utilities$0

HOA$0

Management-$172

=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

+$27,643(71.4% ROI)

Projected value

$208,567

Return breakdown

Property appreciation+$14,892

Loan principal paid down+$5,551

Rental cash flow+$7,200

5-year hold

+$47,350(122.2% ROI)

Projected value

$219,125

Return breakdown

Property appreciation+$25,450

Loan principal paid down+$9,899

Rental cash flow+$12,000

10-year hold

+$101,833(262.9% ROI)

Projected value

$247,920

Return breakdown

Property appreciation+$54,245

Loan principal paid down+$23,588

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.09ratio

FMR$1,480

Market$1,360

vs market+$120

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

1.09

1 BR

1.06ratio

FMR$1,580

Market$1,490

vs market+$90

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

1.06

2 BR

1.06ratio

FMR$1,820

Market$1,720

vs market+$100

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

1.06

3 BR

1.02ratio

FMR$2,470

Market$2,430

vs market+$40

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

1.02

4 BR

1.04ratio

FMR$2,970

Market$2,860

vs market+$110

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

1.04

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 98664 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98664 (Vancouver, WA) is $1,820 a month. That is down 2.2% from $1,860 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, 98664 has the 15th-highest two-bedroom rent (county range $1,730–$2,250). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98664 is 24% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98664
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,520	$1,480	−2.6%	$1,332–$1,628
1BR	$1,620	$1,580	−2.5%	$1,422–$1,738
2BR	$1,860	$1,820	−2.2%	$1,638–$2,002
3BR	$2,530	$2,470	−2.4%	$2,223–$2,717
4BR	$3,010	$2,970	−1.3%	$2,673–$3,267

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98664
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,480	$1,580	$1,820	$2,470	$2,970
FY 2026	$1,520	$1,620	$1,860	$2,530	$3,010
FY 2025	$1,560	$1,670	$1,910	$2,620	$3,080
FY 2024	$1,580	$1,700	$1,940	$2,690	$3,120
FY 2023	$1,440	$1,550	$1,770	$2,480	$2,880

Two-bedroom rent in nearby Clark County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 98664
98660	$1,730	−4.9%
98661	$1,730	−4.9%
98662	$1,920	+5.5%
98663	$1,780	−2.2%
98664Current	$1,820	—
98665	$1,920	+5.5%
98666	$1,890	+3.8%
98668	$1,890	+3.8%
98671	$1,780	−2.2%
98674	$1,760	−3.3%
98675	$2,020	+11.0%
98682	$1,810	−0.5%

Questions about ZIP 98664 rents

How much will Section 8 pay for a two-bedroom in ZIP 98664?

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 $1,820 it would be $1,638 to $2,002. 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 98664 in?

ZIP 98664 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 98664 for FY 2027?

The two-bedroom FMR fell 2.2%, from $1,860 in FY 2026 to $1,820 in FY 2027. Since FY 2023 it has risen 2.8%.

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