FMR is below market; voucher rent may lag private rents.
0.79
1 BR
1 BR
0.68ratio
FMR$1,000
Market$1,460
vs market-$460
FMR is below market; voucher rent may lag private rents.
0.68
2 BR
2 BR
0.76ratio
FMR$1,310
Market$1,730
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.76
3 BR
3 BR
0.89ratio
FMR$1,810
Market$2,030
vs market-$220
FMR is below market; voucher rent may lag private rents.
0.89
4 BR
4 BR
0.84ratio
FMR$2,040
Market$2,420
vs market-$380
FMR is below market; voucher rent may lag private rents.
0.84
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 98907 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 98907 (Yakima, WA) is $1,310 a month. That is down 4.4% from $1,370 in FY 2026. Yakima is in the Yakima, 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 $1,313. Among 25 ZIP codes in Yakima County, 98907 is tied for the 17th-highest two-bedroom rent (county range $1,240–$1,780). The median county two-bedroom FMR in Washington is $1,467, so ZIP 98907 is 11% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 98907
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,040
$990
−4.8%
$891–$1,089
1BR
$1,040
$1,000
−3.8%
$900–$1,100
2BR
$1,370
$1,310
−4.4%
$1,179–$1,441
3BR
$1,910
$1,810
−5.2%
$1,629–$1,991
4BR
$2,090
$2,040
−2.4%
$1,836–$2,244
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 98907
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$990
$1,000
$1,310
$1,810
$2,040
FY 2026
$1,040
$1,040
$1,370
$1,910
$2,090
FY 2025
$1,010
$1,020
$1,340
$1,880
$1,980
FY 2024
$990
$1,000
$1,310
$1,850
$1,950
FY 2023
$860
$870
$1,140
$1,620
$1,700
Two-bedroom rent in nearby Yakima County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 98907?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,313, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,182 to $1,444 a month; under the ZIP-level Small Area FMR of $1,310 it would be $1,179 to $1,441. 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 98907 in?
ZIP 98907 is in the Yakima, WA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,313.
How much did fair market rent change in ZIP 98907 for FY 2027?
The two-bedroom FMR fell 4.4%, from $1,370 in FY 2026 to $1,310 in FY 2027. Since FY 2023 it has risen 14.9%.
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