Lincoln County/Medical Lake/99022

99022

ZIPSAFMR

Lincoln County, WA

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ZIP Investment Score

64Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,000	$1,100	10.6%
1 BR	$1,080	$1,190	8.3%
2 BR	$1,380	$1,520	8.2%
3 BR	$1,880	$1,960	6.9%
4 BR	$2,260	$2,060	8.1%
5 BR	$2,599	Not available	8.1%
6 BR	$2,989	Not available	8.1%
7 BR	$3,437	Not available	8.1%
8 BR	$3,953	Not available	8.1%

Purchase Price Calculator

Maximum purchase price

$163,955

Cost breakdown

+Likely effective rent$1,520

HUD FMR$1,380

Market rent$1,740

Est. payment standard (110%)Used$1,520

-Principal and interest-$829

Loan amount$131,164

Down payment$32,791

Rate6.50%

Term30 years

-Operating costs-$491

Property taxes-$164

Insurance-$175

Utilities$0

HOA$0

Management-$152

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$24,506(74.7% ROI)

Projected value

$176,561

Return breakdown

Property appreciation+$12,607

Loan principal paid down+$4,699

Rental cash flow+$7,200

5-year hold

+$41,925(127.9% ROI)

Projected value

$185,500

Return breakdown

Property appreciation+$21,545

Loan principal paid down+$8,380

Rental cash flow+$12,000

10-year hold

+$89,889(274.1% ROI)

Projected value

$209,876

Return breakdown

Property appreciation+$45,921

Loan principal paid down+$19,968

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.61ratio

FMR$1,000

Market$1,630

vs market-$630

FMR is below market; voucher rent may lag private rents.

0.61

1 BR

0.63ratio

FMR$1,080

Market$1,710

vs market-$630

FMR is below market; voucher rent may lag private rents.

0.63

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

0.94ratio

FMR$1,880

Market$2,000

vs market-$120

FMR is near market; voucher and private rents are aligned.

0.94

4 BR

1.10ratio

FMR$2,260

Market$2,060

vs market+$200

FMR is near market; voucher and private rents are aligned.

1.10

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 99022 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 99022 (Medical Lake, WA) is $1,380 a month. That is up 6.2% from $1,300 in FY 2026. Medical Lake is in the Lincoln 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 $1,091. Among 18 ZIP codes in Lincoln County, 99022 is tied for the 2nd-highest two-bedroom rent (county range $1,020–$1,390). The median county two-bedroom FMR in Washington is $1,467, so ZIP 99022 is 6% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 99022
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$900	$1,000	+11.1%	$900–$1,100
1BR	$1,020	$1,080	+5.9%	$972–$1,188
2BR	$1,300	$1,380	+6.2%	$1,242–$1,518
3BR	$1,800	$1,880	+4.4%	$1,692–$2,068
4BR	$2,110	$2,260	+7.1%	$2,034–$2,486

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 99022
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,000	$1,080	$1,380	$1,880	$2,260
FY 2026	$900	$1,020	$1,300	$1,800	$2,110
FY 2025	$810	$920	$1,180	$1,660	$1,920
FY 2024	$740	$850	$1,090	$1,540	$1,790
FY 2023	$750	$850	$1,100	$1,560	$1,820

Two-bedroom rent in nearby Lincoln County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 99022
99004	$1,380	0.0%
99008	$1,380	0.0%
99013	$1,380	0.0%
99022Current	$1,380	—
99029	$1,380	0.0%
99032	$1,380	0.0%
99103	$1,280	−7.2%
99117	$1,090	−21.0%
99122	$1,120	−18.8%
99133	$1,350	−2.2%
99134	$1,270	−8.0%
99144	$1,150	−16.7%

Questions about ZIP 99022 rents

How much will Section 8 pay for a two-bedroom in ZIP 99022?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,091, which applies unless the housing authority uses Small Area FMRs, that basic range is $982 to $1,200 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 99022 in?

ZIP 99022 is in the Lincoln County, WA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,091.

How much did fair market rent change in ZIP 99022 for FY 2027?

The two-bedroom FMR rose 6.2%, from $1,300 in FY 2026 to $1,380 in FY 2027. Since FY 2023 it has risen 25.5%.

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 rent Medical Lake, WA fair market rent WA statewide rents What is SAFMR?Data sources