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Spokane County/Valleyford/99036

99036

ZIPSAFMR
Spokane County, WA
Zillow

ZIP Investment Score

32Below average

095130300
BRFMR
Eff. Rent
0 BR$1,100$1,100
1 BR$1,160$1,160
2 BR$1,480$1,480
3 BR$2,020$2,020
4 BR$2,470$2,470
5 BR$2,841Not available
6 BR$3,267Not available
7 BR$3,757Not available
8 BR$4,320Not available

Purchase Price Calculator

Maximum purchase price
$158,011

Cost breakdown

+Likely effective rent$1,480
HUD FMRUsed$1,480
Market rentN/A
Est. payment standardN/A
-Principal and interest-$799
Loan amount$126,409
Down payment$31,602
Rate6.50%
Term30 years
-Operating costs-$481
Property taxes-$158
Insurance-$175
Utilities$0
HOA$0
Management-$148
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,878(75.6% ROI)
Projected value
$170,160
Return breakdown
Property appreciation+$12,150
Loan principal paid down+$4,529
Rental cash flow+$7,200
5-year hold
+$40,840(129.2% ROI)
Projected value
$178,775
Return breakdown
Property appreciation+$20,764
Loan principal paid down+$8,076
Rental cash flow+$12,000
10-year hold
+$87,501(276.9% ROI)
Projected value
$202,267
Return breakdown
Property appreciation+$44,256
Loan principal paid down+$19,244
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
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Tax rate
--
Mortgage rate
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ZIP 99036 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 99036 (Valleyford, WA) is $1,480 a month. That is down 2.0% from $1,510 in FY 2026. Valleyford 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, 99036 has the 26th-highest two-bedroom rent (county range $1,380–$2,200).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 99036
BedroomsFY 2027Change90–110% range
Studio$1,100+0.9%$990–$1,210
1BR$1,160−1.7%$1,044–$1,276
2BR$1,480−2.0%$1,332–$1,628
3BR$2,020−1.9%$1,818–$2,222
4BR$2,4700.0%$2,223–$2,717

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 99036
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,100$1,160$1,480$2,020$2,470
FY 2026$1,090$1,180$1,510$2,060$2,470
FY 2025$960$1,080$1,390$1,930$2,260
FY 2024$840$950$1,220$1,720$2,000
FY 2023$810$920$1,190$1,700$1,980

Two-bedroom rent in nearby Spokane County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 99036
99023$2,020+36.5%
99025$1,520+2.7%
99026$1,380−6.8%
99027$1,420−4.1%
99029$1,380−6.8%
99030$1,490+0.7%
99031$1,380−6.8%
99032$1,380−6.8%
99033$1,380−6.8%
99036Current$1,480—
99037$1,600+8.1%
99039$1,380−6.8%

Questions about ZIP 99036 rents

How much will Section 8 pay for a two-bedroom in ZIP 99036?

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 $1,480 it would be $1,332 to $1,628. 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 99036 in?

ZIP 99036 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 99036 for FY 2027?

The two-bedroom FMR fell 2.0%, from $1,510 in FY 2026 to $1,480 in FY 2027. Since FY 2023 it has risen 24.4%.

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