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Chelan County/Manson/98831

98831

ZIPSAFMR
Chelan County, WA
Zillow

ZIP Investment Score

40Below average

095130300
BRFMR
Eff. Rent
0 BR$1,330$1,330
1 BR$1,420$1,420
2 BR$1,860$1,860
3 BR$2,520$2,520
4 BR$3,110$3,110
5 BR$3,576Not available
6 BR$4,113Not available
7 BR$4,730Not available
8 BR$5,439Not available

Purchase Price Calculator

Maximum purchase price
$214,479

Cost breakdown

+Likely effective rent$1,860
HUD FMRUsed$1,860
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,085
Loan amount$171,583
Down payment$42,896
Rate6.50%
Term30 years
-Operating costs-$575
Property taxes-$214
Insurance-$175
Utilities$0
HOA$0
Management-$186
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,839(69.6% ROI)
Projected value
$230,970
Return breakdown
Property appreciation+$16,491
Loan principal paid down+$6,147
Rental cash flow+$7,200
5-year hold
+$51,147(119.2% ROI)
Projected value
$242,663
Return breakdown
Property appreciation+$28,184
Loan principal paid down+$10,962
Rental cash flow+$12,000
10-year hold
+$110,194(256.9% ROI)
Projected value
$274,551
Return breakdown
Property appreciation+$60,072
Loan principal paid down+$26,122
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
--
Tax rate
--
Mortgage rate
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ZIP 98831 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98831 (Manson, WA) is $1,860 a month. That is up 6.3% from $1,750 in FY 2026. Manson 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, 98831 has the 2nd-highest two-bedroom rent (county range $1,350–$1,950). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98831 is 27% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98831
BedroomsFY 2027Change90–110% range
Studio$1,330+9.9%$1,197–$1,463
1BR$1,420+6.8%$1,278–$1,562
2BR$1,860+6.3%$1,674–$2,046
3BR$2,520+4.6%$2,268–$2,772
4BR$3,110+5.8%$2,799–$3,421

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98831
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,330$1,420$1,860$2,520$3,110
FY 2026$1,210$1,330$1,750$2,410$2,940
FY 2025$1,230$1,360$1,790$2,480$2,940
FY 2024$1,260$1,480$1,860$2,570$2,990
FY 2023$1,030$1,270$1,540$2,110$2,430

Two-bedroom rent in nearby Chelan County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98831
98811$1,700−8.6%
98815$1,350−27.4%
98816$1,600−14.0%
98817$1,400−24.7%
98821$1,350−27.4%
98822$1,700−8.6%
98826$1,950+4.8%
98828$1,780−4.3%
98831Current$1,860—
98836$1,350−27.4%
98846$1,470−21.0%
98847$1,420−23.7%

Questions about ZIP 98831 rents

How much will Section 8 pay for a two-bedroom in ZIP 98831?

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 $1,860 it would be $1,674 to $2,046. 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 98831 in?

ZIP 98831 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 98831 for FY 2027?

The two-bedroom FMR rose 6.3%, from $1,750 in FY 2026 to $1,860 in FY 2027. Since FY 2023 it has risen 20.8%.

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