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 98817 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98817 (Chelan Falls, WA) is $1,400 a month. That is down 7.3% from $1,510 in FY 2026. Chelan Falls is in the Wenatchee-East Wenatchee, 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 $1,467. Among 15 ZIP codes in Chelan County, 98817 has the 11th-highest two-bedroom rent (county range $1,350–$1,950). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98817 is 5% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 98817
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,050
$1,000
−4.8%
$900–$1,100
1BR
$1,150
$1,070
−7.0%
$963–$1,177
2BR
$1,510
$1,400
−7.3%
$1,260–$1,540
3BR
$2,080
$1,900
−8.7%
$1,710–$2,090
4BR
$2,530
$2,340
−7.5%
$2,106–$2,574
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 98817
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,000
$1,070
$1,400
$1,900
$2,340
FY 2026
$1,050
$1,150
$1,510
$2,080
$2,530
FY 2025
$1,060
$1,170
$1,540
$2,140
$2,530
FY 2024
$1,010
$1,190
$1,490
$2,060
$2,400
FY 2023
$860
$1,050
$1,280
$1,750
$2,020
Two-bedroom rent in nearby Chelan County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 98817?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,467, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,320 to $1,614 a month; under the ZIP-level Small Area FMR of $1,400 it would be $1,260 to $1,540. 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 98817 in?
ZIP 98817 is in the Wenatchee-East Wenatchee, WA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,467.
How much did fair market rent change in ZIP 98817 for FY 2027?
The two-bedroom FMR fell 7.3%, from $1,510 in FY 2026 to $1,400 in FY 2027. Since FY 2023 it has risen 9.4%.
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