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99302

ZIPSAFMR
Franklin County, WA
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,090$1,070
1 BR$1,220$1,250
2 BR$1,480$1,430
3 BR$2,040$1,980
4 BR$2,330$2,510
5 BR$2,680Not available
6 BR$3,081Not available
7 BR$3,544Not available
8 BR$4,075Not available

Purchase Price Calculator

Maximum purchase price
$150,581

Cost breakdown

+Likely effective rent$1,430
HUD FMR$1,480
Market rentUsed$1,430
Est. payment standard (98%)$1,450
-Principal and interest-$761
Loan amount$120,465
Down payment$30,116
Rate6.50%
Term30 years
-Operating costs-$469
Property taxes-$151
Insurance-$175
Utilities$0
HOA$0
Management-$143
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,094(76.7% ROI)
Projected value
$162,159
Return breakdown
Property appreciation+$11,578
Loan principal paid down+$4,316
Rental cash flow+$7,200
5-year hold
+$39,484(131.1% ROI)
Projected value
$170,368
Return breakdown
Property appreciation+$19,788
Loan principal paid down+$7,697
Rental cash flow+$12,000
10-year hold
+$84,515(280.6% ROI)
Projected value
$192,756
Return breakdown
Property appreciation+$42,175
Loan principal paid down+$18,339
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.02
1 BR
0.96
2 BR
1.03
3 BR
1.03
4 BR
0.90
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 99302 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 99302 (Pasco, WA) is $1,480 a month. That is down 2.0% from $1,510 in FY 2026. Pasco is in the Kennewick-Richland, 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 $1,487. Among 8 ZIP codes in Franklin County, 99302 has the 2nd-highest two-bedroom rent (county range $1,390–$1,500).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 99302
BedroomsFY 2027Change90–110% range
Studio$1,090−0.9%$981–$1,199
1BR$1,220−2.4%$1,098–$1,342
2BR$1,480−2.0%$1,332–$1,628
3BR$2,040+0.5%$1,836–$2,244
4BR$2,330−0.4%$2,097–$2,563

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 99302
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,090$1,220$1,480$2,040$2,330
FY 2026$1,100$1,250$1,510$2,030$2,340
FY 2025$1,060$1,190$1,450$1,930$2,240
FY 2024$1,000$1,140$1,410$1,860$2,240
FY 2023$780$920$1,140$1,510$1,870

Two-bedroom rent in nearby Franklin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 99302
99301$1,500+1.4%
99302Current$1,480—
99326$1,390−6.1%
99330$1,440−2.7%
99335$1,390−6.1%
99343$1,390−6.1%
99344$1,390−6.1%
99371$1,390−6.1%

Questions about ZIP 99302 rents

How much will Section 8 pay for a two-bedroom in ZIP 99302?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,487, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,338 to $1,636 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 99302 in?

ZIP 99302 is in the Kennewick-Richland, WA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,487.

How much did fair market rent change in ZIP 99302 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 29.8%.

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