Skip to main content
Loading page
Benton County/Kennewick/99338

99338

ZIPSAFMR
Benton County, WA
Zillow

ZIP Investment Score

61Below average

095130300
BRFMR
Eff. Rent
0 BR$1,260$1,390
1 BR$1,410$1,550
2 BR$1,710$1,720
3 BR$2,360$2,210
4 BR$2,690$2,700
5 BR$3,093Not available
6 BR$3,558Not available
7 BR$4,091Not available
8 BR$4,705Not available

Purchase Price Calculator

Maximum purchase price
$193,675

Cost breakdown

+Likely effective rent$1,720
HUD FMR$1,710
Market rent$1,720
Est. payment standard (100%)Used$1,720
-Principal and interest-$979
Loan amount$154,940
Down payment$38,735
Rate6.50%
Term30 years
-Operating costs-$541
Property taxes-$194
Insurance-$175
Utilities$0
HOA$0
Management-$172
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,643(71.4% ROI)
Projected value
$208,567
Return breakdown
Property appreciation+$14,892
Loan principal paid down+$5,551
Rental cash flow+$7,200
5-year hold
+$47,350(122.2% ROI)
Projected value
$219,125
Return breakdown
Property appreciation+$25,450
Loan principal paid down+$9,899
Rental cash flow+$12,000
10-year hold
+$101,833(262.9% ROI)
Projected value
$247,920
Return breakdown
Property appreciation+$54,245
Loan principal paid down+$23,588
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.70
1 BR
0.87
2 BR
0.99
3 BR
1.07
4 BR
0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 99338 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 99338 (Kennewick, WA) is $1,710 a month. That is down 1.7% from $1,740 in FY 2026. Kennewick 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 12 ZIP codes in Benton County, 99338 has the 3rd-highest two-bedroom rent (county range $1,390–$1,850). The median county two-bedroom FMR in Washington is $1,467, so ZIP 99338 is 17% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 99338
BedroomsFY 2027Change90–110% range
Studio$1,260−0.8%$1,134–$1,386
1BR$1,410−1.4%$1,269–$1,551
2BR$1,710−1.7%$1,539–$1,881
3BR$2,360+0.9%$2,124–$2,596
4BR$2,690−0.4%$2,421–$2,959

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 99338
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,260$1,410$1,710$2,360$2,690
FY 2026$1,270$1,430$1,740$2,340$2,700
FY 2025$1,270$1,420$1,730$2,310$2,670
FY 2024$1,210$1,390$1,710$2,260$2,720
FY 2023$920$1,080$1,340$1,770$2,200

Two-bedroom rent in nearby Benton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 99338
98930$1,390−18.7%
98944$1,390−18.7%
99320$1,390−18.7%
99336$1,440−15.8%
99337$1,580−7.6%
99338Current$1,710—
99345$1,390−18.7%
99346$1,410−17.5%
99350$1,390−18.7%
99352$1,720+0.6%
99353$1,850+8.2%
99354$1,540−9.9%

Questions about ZIP 99338 rents

How much will Section 8 pay for a two-bedroom in ZIP 99338?

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 $1,710 it would be $1,539 to $1,881. 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 99338 in?

ZIP 99338 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 99338 for FY 2027?

The two-bedroom FMR fell 1.7%, from $1,740 in FY 2026 to $1,710 in FY 2027. Since FY 2023 it has risen 27.6%.

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