FMR is below market; voucher rent may lag private rents.
0.86
1 BR
1 BR
0.89ratio
FMR$1,080
Market$1,210
vs market-$130
FMR is below market; voucher rent may lag private rents.
0.89
2 BR
2 BR
0.79ratio
FMR$1,380
Market$1,740
vs market-$360
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR
0.84ratio
FMR$1,880
Market$2,240
vs market-$360
FMR is below market; voucher rent may lag private rents.
0.84
4 BR
4 BR
0.95ratio
FMR$2,290
Market$2,400
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.95
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 99014 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 99014 (Four Lakes, WA) is $1,380 a month. That is down 3.5% from $1,430 in FY 2026. Four Lakes is in the Spokane, WA HUD Metro 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 metro-wide two-bedroom FMR of $1,494. Among 57 ZIP codes in Spokane County, 99014 is tied for the 34th-highest two-bedroom rent (county range $1,380–$2,200). The median county two-bedroom FMR in Washington is $1,467, so ZIP 99014 is 6% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 99014
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,030
$1,020
−1.0%
$918–$1,122
1BR
$1,110
$1,080
−2.7%
$972–$1,188
2BR
$1,430
$1,380
−3.5%
$1,242–$1,518
3BR
$1,950
$1,880
−3.6%
$1,692–$2,068
4BR
$2,340
$2,290
−2.1%
$2,061–$2,519
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 99014
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,020
$1,080
$1,380
$1,880
$2,290
FY 2026
$1,030
$1,110
$1,430
$1,950
$2,340
FY 2025
$950
$1,070
$1,380
$1,910
$2,240
FY 2024
$890
$1,010
$1,300
$1,830
$2,120
FY 2023
$810
$930
$1,200
$1,710
$1,990
Two-bedroom rent in nearby Spokane County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 99014?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,494, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,345 to $1,643 a month; under the ZIP-level Small Area FMR of $1,380 it would be $1,242 to $1,518. 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 99014 in?
ZIP 99014 is in the Spokane, WA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,494.
How much did fair market rent change in ZIP 99014 for FY 2027?
The two-bedroom FMR fell 3.5%, from $1,430 in FY 2026 to $1,380 in FY 2027. Since FY 2023 it has risen 15.0%.
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