Skip to main content
Loading page
Okanogan County/Riverside/98849

98849

ZIPSAFMR
Okanogan County, WA
Zillow

ZIP Investment Score

70Below average

095130300
BRFMR
Eff. Rent
0 BR$960$960
1 BR$1,050$1,050
2 BR$1,340$1,340
3 BR$1,860$1,860
4 BR$1,900$1,900
5 BR$2,185Not available
6 BR$2,513Not available
7 BR$2,890Not available
8 BR$3,323Not available

Purchase Price Calculator

Maximum purchase price
$137,207

Cost breakdown

+Likely effective rent$1,340
HUD FMRUsed$1,340
Market rentN/A
Est. payment standardN/A
-Principal and interest-$694
Loan amount$109,766
Down payment$27,441
Rate6.50%
Term30 years
-Operating costs-$446
Property taxes-$137
Insurance-$175
Utilities$0
HOA$0
Management-$134
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,683(79.0% ROI)
Projected value
$147,757
Return breakdown
Property appreciation+$10,550
Loan principal paid down+$3,933
Rental cash flow+$7,200
5-year hold
+$37,043(135.0% ROI)
Projected value
$155,237
Return breakdown
Property appreciation+$18,030
Loan principal paid down+$7,013
Rental cash flow+$12,000
10-year hold
+$79,140(288.4% ROI)
Projected value
$175,637
Return breakdown
Property appreciation+$38,430
Loan principal paid down+$16,711
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

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
--

ZIP 98849 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98849 (Riverside, WA) is $1,340 a month. That is up 9.8% from $1,220 in FY 2026. Riverside is in the Okanogan 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 $1,202. Among 22 ZIP codes in Okanogan County, 98849 is tied for the 9th-highest two-bedroom rent (county range $1,010–$1,800). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98849 is 9% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 98849
BedroomsFY 2027Change90–110% range
Studio$960+11.6%$864–$1,056
1BR$1,050+8.2%$945–$1,155
2BR$1,340+9.8%$1,206–$1,474
3BR$1,860+11.4%$1,674–$2,046
4BR$1,900+4.4%$1,710–$2,090

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 98849
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$960$1,050$1,340$1,860$1,900
FY 2026$860$970$1,220$1,670$1,820
FY 2025$830$950$1,210$1,650$1,890
FY 2024area FMR$712$828$1,051$1,453$1,702
FY 2023area FMR$654$770$978$1,372$1,619

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

Two-bedroom rent in nearby Okanogan County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 98849
98829$1,230−8.2%
98833$1,320−1.5%
98834$1,460+9.0%
98840$1,290−3.7%
98841$1,250−6.7%
98844$1,010−24.6%
98846$1,470+9.7%
98849Current$1,340—
98855$1,140−14.9%
98856$1,230−8.2%
98859$1,060−20.9%
98862$1,320−1.5%

Questions about ZIP 98849 rents

How much will Section 8 pay for a two-bedroom in ZIP 98849?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,202, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,082 to $1,322 a month; under the ZIP-level Small Area FMR of $1,340 it would be $1,206 to $1,474. 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 98849 in?

ZIP 98849 is in the Okanogan County, WA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,202.

How much did fair market rent change in ZIP 98849 for FY 2027?

The two-bedroom FMR rose 9.8%, from $1,220 in FY 2026 to $1,340 in FY 2027. Since FY 2025 it has risen 10.7%.

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