ZIP 98021 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 98021 in the Seattle-Bellevue, WA FMR area.

$2,600Efficiency
$2,7101 bedroom
$3,1702 bedrooms
$4,1303 bedrooms
$4,9204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,600$2,340$2,860$2,091
1 bedroom$2,710$2,439$2,981$2,180
2 bedrooms$3,170$2,853$3,487$2,549
3 bedrooms$4,130$3,717$4,543$3,324
4 bedrooms$4,920$4,428$5,412$3,954

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

Income in ZIP 98021

$177,292average adjusted gross income per tax return (2022)
$142,562average salaries and wages per return
15,940tax returns filed
21%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00015.9%
$25,000 to $50,00011.7%
$50,000 to $75,00010.6%
$75,000 to $100,0008.8%
$100,000 to $200,00022.6%
$200,000 or more30.5%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 3.8% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 98021?

HUD's FY2027 Small Area FMRs for ZIP 98021 (Seattle-Bellevue, WA) are $2,600 efficiency, $2,710 one bedroom, $3,170 two bedrooms, $4,130 three and $4,920 four bedrooms.

What payment standard can a housing authority set in ZIP 98021?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,853 to $3,487.

How affordable is rent in ZIP 98021?

Tax returns filed from ZIP 98021 reported an average adjusted gross income of $177,292 (2022). A two-bedroom unit at the Small Area FMR costs $38,040 a year, or 21% of that income.