FMR is near market; voucher and private rents are aligned.
1.02
1 BR
1 BR
0.92ratio
FMR$1,080
Market$1,180
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR
0.93ratio
FMR$1,380
Market$1,480
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.93
3 BR
3 BR
1.05ratio
FMR$1,880
Market$1,790
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.05
4 BR
4 BR
1.21ratio
FMR$2,270
Market$1,880
vs market+$390
FMR is above market; underwrite to market rent.
1.21
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 99258 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 99258 (Spokane, WA) is $1,380 a month. That is down 2.8% from $1,420 in FY 2026. Spokane 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, 99258 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 99258 is 6% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 99258
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,020
$1,020
0.0%
$918–$1,122
1BR
$1,110
$1,080
−2.7%
$972–$1,188
2BR
$1,420
$1,380
−2.8%
$1,242–$1,518
3BR
$1,940
$1,880
−3.1%
$1,692–$2,068
4BR
$2,320
$2,270
−2.2%
$2,043–$2,497
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 99258
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,020
$1,080
$1,380
$1,880
$2,270
FY 2026
$1,020
$1,110
$1,420
$1,940
$2,320
FY 2025
$950
$1,070
$1,370
$1,890
$2,220
FY 2024
$890
$1,010
$1,300
$1,830
$2,120
FY 2023area FMR
$812
$926
$1,198
$1,703
$1,987
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Spokane County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 99258?
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 99258 in?
ZIP 99258 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 99258 for FY 2027?
The two-bedroom FMR fell 2.8%, from $1,420 in FY 2026 to $1,380 in FY 2027. Since FY 2024 it has risen 6.2%.
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