ZIP 98008 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 98008 in the Seattle-Bellevue, WA FMR area.

$2,680Efficiency
$2,8001 bedroom
$3,2702 bedrooms
$4,2603 bedrooms
$5,0704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,680$2,412$2,948$2,091
1 bedroom$2,800$2,520$3,080$2,180
2 bedrooms$3,270$2,943$3,597$2,549
3 bedrooms$4,260$3,834$4,686$3,324
4 bedrooms$5,070$4,563$5,577$3,954

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 98008

$202,119average adjusted gross income per tax return (2022)
$146,504average salaries and wages per return
12,570tax returns filed
19%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00016.9%
$25,000 to $50,00013.2%
$50,000 to $75,00010.6%
$75,000 to $100,0008.2%
$100,000 to $200,00020.4%
$200,000 or more30.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 4.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 98008?

HUD's FY2027 Small Area FMRs for ZIP 98008 (Seattle-Bellevue, WA) are $2,680 efficiency, $2,800 one bedroom, $3,270 two bedrooms, $4,260 three and $5,070 four bedrooms.

What payment standard can a housing authority set in ZIP 98008?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,943 to $3,597.

How affordable is rent in ZIP 98008?

Tax returns filed from ZIP 98008 reported an average adjusted gross income of $202,119 (2022). A two-bedroom unit at the Small Area FMR costs $39,240 a year, or 19% of that income.